Board Meeting Details

The Board of Directors meeting was held on August 10, 2026, commencing at 4:25 PM and concluding at 9:00 PM.

Key Decisions Approved

1. Financial Results Approval

The Board approved the Unaudited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2026. The Limited Review Report issued by the statutory auditors, Suryanarayana Reddy & Co., Chartered Accountants, is enclosed as Annexure-A.

2. Director Re-appointments

The Board recommended the re-appointment of:

  • Dr. Anantapuram Guggela Ravindranath Reddy (DIN: 01729114) as Non-Executive Director liable to retire by rotation
  • Mr. Eshwar Reddy Purmandla (DIN: 01892327) as Independent Director for a second term of 5 years effective November 09, 2026
  • Mr. Yancharla Rathnakara Nagaraja (DIN: 00009810) as Managing Director for 5 years effective April 01, 2027

All re-appointments are subject to shareholder approval at the ensuing 32nd Annual General Meeting.

3. Other Approvals

The Board also approved:

  • Notice calling the 32nd Annual General Meeting
  • Annual Report including Board's Report for FY 2025-26

Consolidated Financial Results (Q1 FY27)

Income Statement Highlights (~ in Million)

  • Total Income: ₹5,645.33
  • Total Revenue: ₹4,712.28 (after inter-segment elimination of ₹933.05)
  • Total Expenses: ₹4,883.93
  • Profit Before Tax: ₹551.80
  • Tax Expense: ₹163.84
  • Net Profit After Tax: ₹387.97
  • Total Comprehensive Income: ₹392.98

Earnings Per Share

  • Basic EPS: ₹5.68
  • Diluted EPS: ₹5.68

Segment Reporting (Consolidated)

Construction Business:

  • Revenue: ₹4,514.95
  • Segment Result: Loss of ₹369.29

Developer Business:

  • Revenue: ₹1,130.38
  • Segment Result: Profit of ₹566.01

Key Auditor Qualifications

1. Srinagar Banihal Expressway Limited: NHAI deducted ₹2,509.46 million from annuities towards substandard steel, deviation of embankment and other deductions. Independent engineer recommended release of ₹1,872.75 million. Subsidiary has initiated arbitration proceedings and expects full recovery.

2. Hospet Chitradurga Tollways Limited: Project terminated by mutual consent with NHAI in FY 2014-15, affecting going concern status. Financial impact was provided in earlier financial statements.

3. Liabilities Write-back: Parent company wrote back certain liabilities amounting to ₹158.83 million which are no longer considered payable.

Subsidiaries and Associates

The consolidated results include:

  • 16 subsidiaries with total revenues of ₹1,130.38 million and net loss of ₹431.83 million
  • 9 joint operations with share of revenues ₹6.95 million and net loss of ₹1.01 million
  • 2 associates with investment of ₹1.18 million (share of profit not included)

Standalone Financial Results (Q1 FY27)

Income Statement Highlights (~ in Million)

  • Revenue from Operations: ₹4,514.95
  • Other Income: ₹809.35
  • Total Income: ₹5,324.30
  • Total Expenses: ₹4,420.52
  • Profit Before Tax: ₹903.78
  • Tax Expense: ₹189.22
  • Net Profit After Tax: ₹714.55
  • Total Comprehensive Income: ₹719.56

Earnings Per Share

  • Basic EPS: ₹10.33
  • Diluted EPS: ₹10.33

Capital Structure

  • Paid-up Equity Share Capital: ₹691.98 million (face value ₹10 each)
  • Other Equity: ₹17,309.58 million (as of March 31, 2026)

Notes to Standalone Results

  • During Q4 FY26, NCLT approved amalgamation of Sehore Kosmi Tollways Limited and Ramky Elsamex Hyderabad Ring Road Limited with appointed date April 01, 2024
  • Liabilities of ₹158.83 million written back as no longer payable
  • Company operates only in construction/project activities segment

Director Profiles

Dr. Anantapuram Guggela Ravindranath Reddy

  • Corporate Consultant for 29 years specializing in corporate laws, economic laws, foreign exchange laws, and corporate restructuring
  • Previously practiced as Advocate in Criminal Courts and worked in senior management roles
  • Expertise in legal proceedings, public issues, amalgamation proceedings, and corporate governance

Mr. Eshwar Reddy Purmandla

  • B.E. (Hons) Chemical Engineering from BITS Pilani and M.Tech (Process Plant Design) from IIT Delhi
  • 46 years of experience working with Rashtriya Chemicals & Fertilizers, Voltas Limited, and Rallis India Limited
  • Specialization in fertilizers, pesticides, fine chemicals, bulk drugs, and environmental protection

Mr. Yancharla Rathnakara Nagaraja

  • Seasoned Civil Engineer with Bachelor's degree from Karnataka University
  • 42 years of experience in civil, industrial and environmental infrastructure
  • Member of Environmental Auditors Registration Association, Indian Association for Environmental Management, and Institution of Engineers
  • Expertise in water treatment, wastewater, sewage treatment, roads, and industrial buildings