This is a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, submitted to the BSE and NSE. It contains a press release announcing the audited financial results for the fourth quarter and financial year ended March 31, 2026.

The disclosure frames the results as a significant milestone in the company's turnaround journey, attributing the improvement to strategic initiatives aimed at strengthening the financial position, optimizing the capital structure, and resolving legacy liabilities.

Financial Performance for FY26

  • Revenue from Operations: Stood at ₹65.33 Crore for FY26, a slight decrease from ₹66.16 Crore in FY25.
  • EBITDA: Reported at ₹(1.68) Crore (loss) for FY26, a substantial improvement from a loss of ₹(50.87) Crore in FY25.
  • Profit Before Tax (PBT): Reported at ₹5,796.43 Crore for FY26, a massive turnaround from a loss of ₹(1,426.35) Crore in FY25.
  • Profit After Tax (PAT): Reported at ₹5,796.43 Crore for FY26, a massive turnaround from a loss of ₹(1,426.31) Crore in FY25.

Key Operational and Strategic Highlights for FY26

  • Net Worth: A positive net worth of ₹237.2 crore was restored.
  • Scheme of Arrangement: A significant portion of the lender-approved Scheme of Arrangement was successfully implemented.
  • Capital Structure: The capital structure was strengthened through an equity infusion and warrant conversion.
  • Legacy Debt Resolution: Continued progress was made in the resolution of legacy debt and financial obligations.
  • New Contracts: The company secured new contracts aggregating to more than ₹100 Crore during the year.
  • Equity Raising: The equity raising plan approved by shareholders on October 21, 2024, was successfully completed in July 2025. Strategic investors, including Kitara Capital, Vikas Khemani, Trishankti Power, and Ovata Capital, infused growth capital into the company.
  • Lender Settlement: Substantial implementation of the settlement with lenders was achieved. 11 out of the 14 lenders have been fully paid, No Objection Certificates (NOCs) have been obtained from them, and the corresponding security charges have been released.
  • BOT Assets Resolution: The successful Scheme of Arrangement is stated to have created a strong foundation for the resolution of the company's Build-Operate-Transfer (BOT) assets, as a majority of the lenders to these SPVs are common with the company's lenders.

The company states its focus remains on the execution of EPC projects, recovery of claims, and achieving sustainable long-term growth.