Summary of Key Information:

Reporting Period: Quarter and Half Year ended 30 September 2026

Nature of Filing / Announcement: Submission of Unaudited Financial Results under SEBI Listing Regulations

Date of Board Meeting / Approval: 12 November 2026 (Meeting held from 2:15 PM to 6:15 PM IST)

Audit Opinion: Qualified Review Report

Auditor's Comment: The review report is qualified due to: 1) Non-availability of financial information from subsidiaries under CIRP/liquidation (Dehradun Highways, Bareilly Highways, Haridwar Highways, Era Infrastructure India Ltd.), and 2) Non-recognition of interest on borrowings classified as NPA by lenders of certain subsidiaries, which would increase losses and liabilities by an unascertainable amount.

Key Financial Highlights [Rs. in Lakhs]

Standalone Results:

Quarter Ended Sep-26:

  • Revenue from Operations: ₹2,382.08
  • Total Income: ₹2,401.29
  • Net Profit: ₹158.67
  • EPS - Basic: ₹6.48; Diluted: ₹1.59

Half Year Ended Sep-26:

  • Revenue from Operations: ₹4,555.46
  • Total Income: ₹4,846.30
  • Net Loss: ₹(585.82)
  • EPS - Basic: ₹(23.91); Diluted: ₹(5.86)

Comparative Performance (YoY Q2):

  • Revenue from Operations: Increased from ₹93.05 to ₹2,382.08
  • Net Profit: Decreased from ₹852.01 to ₹158.67

Key Balance Sheet Items (Standalone as at Sep-30-2026):

  • Property, Plant and Equipment: ₹366.46
  • Investments: ₹1,40,191.94
  • Trade Receivables: ₹2,54,896.56
  • Cash and Cash Equivalents: ₹677.48
  • Total Borrowings: ₹27,478.17 (Non-current: ₹19,799.81; Current: ₹7,678.36)
  • Other Equity: ₹3,99,551.32

Consolidated Results:

Quarter Ended Sep-26:

  • Revenue from Operations: ₹2,382.08
  • Total Income: ₹2,401.29
  • Net Profit Attributable to Shareholders: ₹136.93
  • EPS - Basic: ₹5.59; Diluted: ₹1.37

Half Year Ended Sep-26:

  • Revenue from Operations: ₹4,555.46
  • Total Income: ₹4,846.30
  • Net Loss Attributable to Shareholders: ₹(628.97)
  • EPS - Basic: ₹(25.67); Diluted: ₹(6.29)

Key Balance Sheet Items (Consolidated as at Sep-30-2026):

  • Property, Plant and Equipment: ₹633.85
  • Investments: ₹1,40,164.33
  • Trade Receivables: ₹2,05,043.55
  • Cash and Cash Equiguvalents: ₹699.41
  • Total Borrowings: ₹94,201.94 (Non-current: ₹22,240.81; Current: ₹71,961.13)
  • Other Equity: ₹3,58,866.14

Segment-wise Performance:

Not Specified

Corporate Actions:

No dividends, share splits, bonus issues, buybacks, or capital raising activities declared.

Other Significant Information:

Entities Excluded from Consolidation: Dehradun Highways Project Limited (under liquidation), Bareilly Highways Project Limited, Haridwar Highways Project Limited, and Era Infrastructure (India) Ltd. (all under CIRP) are excluded due to non-availability of financial information.

Comparative Data Note: Comparative figures for quarter and half year ended September 30, 2025 were compiled by management based on available books and were not reviewed or audited by statutory auditors.

Cash Flow: Standalone operating activities generated net cash of ₹4,257.15 lakhs for H1 FY27, primarily due to decrease in trade receivables.