Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting comprising approval of unaudited financial results, director appointments, and increase in authorized share capital

Date of Board Meeting / Approval: August 13, 2026

Audit Opinion: Modified opinion (Qualified conclusion)

Auditor's Comment: The statutory auditors, Manubhai & Shah LLP, issued a qualified conclusion on the financial results citing inability to obtain sufficient appropriate audit evidence regarding: (1) recoverability of investment of ₹54,864.44 lakhs and loan of ₹33,622.18 lakhs to Sadbhav Infrastructure Project Limited; (2) recoverability of ₹20,178.30 lakhs outstanding from Rohtak Panipat Tollway Private Limited; and (3) expected recoverability of contract assets amounting to ₹35,019.32 lakhs within one year.

Key Financial Highlights [₹ in lakhs]

Standalone Results:

| Particulars | June 30, 2026 | March 31, 2026 | June 30, 2025 | Year ended March 31, 2026 |

| Revenue from Operations | 2,034.28 | 5,883.09 | 3,301.52 | 16,783.53 |

| Other Income | 915.16 | (533.16) | 2,071.13 | 3,656.80 |

| Total Income | 2,949.44 | 5,349.93 | 5,372.65 | 20,440.33 |

| Total Expenses | 3,947.10 | 13,932.61 | 5,483.96 | 32,895.17 |

| Loss before exceptional Items and tax | (997.66) | (8,582.68) | (111.31) | (12,454.84) |

| Exceptional Items | 3.05 | 17,445.87 | 68.26 | 19,143.14 |

| Profit/(Loss) before tax | (994.61) | 8,863.19 | (42.05) | 6,688.30 |

| Tax Expense | (21.12) | (140.17) | - | (708.82) |

| Deferred Tax | - | 6,059.27 | - | 6,059.27 |

| Profit/(Loss) for the period/year | (973.49) | 2,944.09 | (42.05) | 1,337.85 |

| Total Comprehensive Income | (973.49) | 2,950.45 | (42.05) | 1,351.63 |

| Paid up Equity share Capital | 1,715.71 | 1,715.71 | 1,715.71 | 1,715.71 |

| Basic & Diluted EPS (₹) | -0.57 | 1.72* | -0.02 | 0.78 |

Consolidated Results:

| Particulars | June 30, 2026 | March 31, 2026 | June 30, 2025 | Year ended March 31, 2026 |

| Revenue from Operations | 22,500.00 | 24,007.00 | 24,511.00 | 106,611.00 |

| Other Income | 1,833.78 | 10,841.15 | 4,450.18 | 25,420.35 |

| Total Income | 24,333.78 | 34,848.15 | 28,961.18 | 132,031.35 |

| Total Expenses | 15,423.54 | 30,844.58 | 20,290.14 | 99,508.17 |

| Profit/(Loss) before exceptional Items and tax | 7,076.44 | (6,837.59) | 4,220.80 | 7,102.56 |

| Exceptional Items | (1,082.45) | 22,970.17 | 69.26 | 10,684.74 |

| Profit/(Loss) before tax | 5,993.99 | 16,132.58 | 4,290.06 | 17,787.30 |

| Tax Expense | 1,397.40 | (766.10) | 1,082.30 | 3,166.10 |

| Deferred Tax | 7.70 | 4,696.37 | 89.10 | 5,718.07 |

| Adjustment for short/excess provision | (21.12) | (27.47) | - | (565.82) |

| Profit/(Loss) for the period/year | 4,610.01 | 12,229.78 | 3,118.66 | 9,468.95 |

| Total Comprehensive Income | 4,574.41 | 12,133.04 | 3,118.66 | 9,363.23 |

| Profit attributable to Owners of the Company | 1,566.90 | 8,114.04 | 1,219.08 | 9,363.23 |

| Profit attributable to Non-controlling Interest | 3,043.01 | 4,115.74 | 1,899.58 | 2,631.30 |

| Paid up Equity share Capital | 1,715.71 | 1,715.71 | 1,715.71 | 1,715.71 |

| Basic & Diluted EPS (₹) before extra ordinary items | 0.91% | 4.73* | 0.71% | 1.53 |

Segment-wise Performance:

The Company has considered business as a whole as a single operating segment in accordance with Ind AS 108 as the internal financial reports derived from SAP system are reviewed by the Chief Operating Decision Maker (CODM), Chairman and Managing Director (CMD).

Corporate Actions:

Dividend: Not declared

Share Capital: Board approved increase in authorized share capital from ₹50,00,00,000 (50 crore equity shares of ₹1 each) to ₹100,00,00,000 (100 crore equity shares of ₹1 each), subject to shareholder approval

Debt Restructuring: As part of the approved Restructuring Plan, the Company is required to:

  • Issue secured Non-Convertible Debentures (NCDs) aggregating ₹90,635 lakhs in two series
  • Issue equity shares aggregating ₹23,032 lakhs to promoters against outstanding unsecured loans
  • Issue equity shares to lenders towards stipulated interest obligation aggregating ₹15,903 lakhs

As of June 30, 2026, the Company has issued NCDs amounting to ₹71,325 lakhs, with outstanding unlisted NCDs aggregating ₹64,050 lakhs

Other Significant Information:

Restructuring Plan: Implemented during quarter ended March 31, 2026, providing for restructuring of existing borrowings, monetization of assets, promoter contribution, and revival of business operations

Going Concern: Company has incurred losses, experienced delays in debt servicing, and currently has no EPC contracts in hand, indicating material uncertainty about going concern. Management believes restructuring plan and efforts to secure new projects will enable continuation

AGM Details: 37th Annual General Meeting will be held on September 30, 2026 through Video Conference/Other Audio-Visual Means. Remote e-voting period from September 27, 2026 to September 29, 2026

ESOP: Company granted 79,49,750 stock options out of 1,00,00,000 approved under Sadbhav Engineering Limited Employee Stock Option Scheme, 2024. During Q4 FY26, 26,56,500 stock options vested