Summary of Key Information:

Reporting Period (Quarter/Year): Q2 and Half Year ended 30th September, 2026

Nature of Filing / Announcement: Financial Results and Board Decisions

Audit Opinion:

Qualified Report issued by statutory auditors M/s. PPKG & Co. Chartered Accountants (Firm Registration No. 009655S)

Key Financial Highlights [in ₹ Lakhs]:

Standalone Results:

Quarter ended 30th September 2026:

  • Revenue from Operations: ₹4,094.42 (Previous Year Q2: Not available)
  • Total Income: ₹4,173.33
  • Net Profit before exceptional items: (₹320.69) loss
  • Exceptional Items: ₹10,784.19 gain
  • Net Profit after exceptional items: ₹10,464.42
  • EPS: ₹4.37

Half Year ended 30th September 2026:

  • Revenue from Operations: ₹4,803.43
  • Total Income: ₹4,935.80
  • Net Profit before exceptional items: (₹594.71) loss
  • Exceptional Items: ₹10,784.19 gain
  • Net Profit after exceptional items: ₹10,189.48
  • EPS: ₹4.25

Comparative Figures (31st March 2026):

  • Revenue from Operations: ₹1,455.15
  • Total Income: ₹5,205.83
  • Net Profit: ₹2,085.63

Consolidated Results:

Quarter ended 30th September 2026:

  • Revenue from Operations: ₹4,094.42
  • Total Income: ₹4,173.42
  • Net Profit before exceptional items: (₹320.55) loss
  • Exceptional Items: ₹10,784.19 gain
  • Net Profit after exceptional items: ₹10,464.56
  • EPS: ₹4.49

Half Year ended 30th September 2026:

  • Revenue from Operations: ₹4,803.43
  • Total Income: ₹4,935.89
  • Net Profit before exceptional items: (₹594.75) loss
  • Exceptional Items: ₹10,784.19 gain
  • Net Profit after exceptional items: ₹10,189.44
  • EPS: ₹4.37

Segment-wise Performance:

The Company operates in a single reportable business segment: "construction, invest, operations and maintenance of roads, highways, vehicle bridges and tunnels and toll roads on BOT, BOOT, BOLT, EPC basis or in any manner" and single geographical segment: India.

Corporate Actions:

No dividend declarations, share splits, bonus issues, buybacks, or capital raising activities announced.

Other Significant Information:

HKR Roadways Limited Stake Sale:

  • Company entered into Securities Purchase Agreement on 12th February 2026 to sell entire stake in HKR Roadways Limited to Cube Highways and Infrastructure V Pte Limited.
  • Transaction completed in September 2026 with following details:
  • Bought 10,67,729 equity shares from Kotak Special Situations Fund for ₹106.77 lakhs
  • Sold 22,74,719 equity shares to CUBE for ₹5,732.72 lakhs
  • Received ₹22,042.96 lakhs towards redemption of Preference shares at premium

Exceptional Items Breakdown (₹10,784.19 lakhs):

  • Profit on sale of shares of HKR Roadways Limited: ₹5,515.51 lakhs
  • Gain on redemption of CRPS of HKR Roadways Limited: ₹10,040.79 lakhs
  • Liabilities written back: (₹4,807.11) lakhs (net effect)

Subsidiaries and Joint Ventures:

  • Company has 2 subsidiaries and 4 jointly controlled entities
  • Subsidiaries: Indore Dewas Tollways Limited, Balaji Highways Holding Private Limited
  • Jointly controlled entities: Cyberabad Expressways Limited, Hyderabad Expressways Limited, Gayatri Jhansi Roadways Limited, Gayatri Raipur Roadways Limited
  • Indore Dewas Tollways Limited is under liquidation with no business activity after 31st October 2023

Impairment Requirements:

  • Investment in Cyberabad Expressways Limited: ₹4,298.92 lakhs exposure requires full impairment due to negative net worth of ₹13,559.39 lakhs
  • Investment in Hyderabad Expressways Limited: ₹1,602.24 lakhs exposure requires impairment of ₹594.95 lakhs

Financial Position (Standalone as at 30th September 2026):

Assets: ₹30,807.50 lakhs

  • Property, Plant & Equipment: ₹3.26 lakhs
  • Investments: ₹7,537.15 lakhs
  • Trade Receivables: ₹104.40 lakhs
  • Cash and Cash Equivalents: ₹18,164.48 lakhs
  • Loans: ₹2,957.20 lakhs
  • Other Current Assets: ₹1,571.71 lakhs
  • Tax Assets: ₹469.30 lakhs

Equity and Liabilities: ₹30,807.50 lakhs

  • Equity Share Capital: ₹4,793.04 lakhs
  • Other Equity: (₹1,775.54) lakhs
  • Borrowings: ₹32,617.71 lakhs (Non-current) + ₹4,264.26 lakhs (Current)
  • Trade Payables: ₹140.75 lakhs
  • Other Current Liabilities: ₹247.42 lakhs
  • Provisions: ₹98.25 lakhs (Non-current) + ₹421.61 lakhs (Current)

Cash Flow (Standalone H1 FY27):

  • Cash from Operating Activities: (₹784.50) lakhs
  • Cash from Investing Activities: ₹27,938.32 lakhs
  • Cash from Financing Activities: (₹10,245.24) lakhs
  • Net Increase in Cash: ₹16,908.58 lakhs