Date: 31st July, 2026

Financial Results

  • Revenue from Operations for FY 2025-26: ₹187.92 crore
  • Profit Before Tax for FY 2025-26: ₹0.19 crore (compared with a loss in the previous year)
  • The profit was achieved due to past doubtful debt recovery and continued focus on cost optimization and operational efficiencies
  • Revenue was lower due to completion of certain projects and absence of major new projects

Operational Update

  • Order book is depleting due to constraints from ongoing Resolution Process under NCLT/NCLAT
  • Company's ability to bid for new projects has been severely constrained
  • Strategically undertaking select projects on back-to-back contractual basis to utilize available resources
  • This approach supports operational continuity while minimizing cash burn from existing cash resources
  • Focus on preserving technical and financial qualifications during resolution process

Resolution Process Update

  • Ongoing resolution process under the aegis of NCLT/NCLAT
  • Process is expected to help unlock company's project acquisition capabilities
  • Expected to support business continuity, improve revenue visibility, and reinforce long-term viability

Industry Context

  • Infrastructure remains backbone of India's economic growth
  • Union Budget FY 2026-27 allocation of approximately ₹11.2 lakh crore for infrastructure development
  • Major national initiatives creating opportunities: PM Gati Shakti National Master Plan, National Infrastructure Pipeline, Bharatmala, Dedicated Freight Corridors, Metro Rail expansion, renewable energy, urban infrastructure

Outlook

  • India's infrastructure sector offers significant long-term potential
  • Company positioned to participate in growth once resolution process concludes
  • Confidence in experienced workforce, engineering capabilities, and strong customer relationships