Integrated Filing — IndAS



General information about company

Scrip Code 000000
NSE Symbol AKASH
MSEI Symbol NOTLISTED
ISIN INE737W01013
Name of company AKASH INFRA PROJECTS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 30-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 25-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 30-05-2026   11:00:00
End date and time of board meeting 30-05-2026   11:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 3,760.06 8,176.02
Other income 25.92 104.64
Total income 3,785.98 8,280.66
2 Expenses
(a) Cost of materials consumed 2,141.86 5,761.83
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 639.58 42.51
(d) Employee benefit expense 154.30 547.49
(e) Finance costs 240.62 539.34
(f) Depreciation, depletion and amortisation expense 31.12 118.65
(f) Other Expenses
1 Other Expenses 481.85 1,145.19
Total other expenses 481.85 1,145.19
Total expenses 3,689.33 8,155.01
3 Total profit before exceptional items and tax 96.65 125.65
4 Exceptional items (33.80) (33.80)
5 Total profit before tax 62.85 91.85
6 Tax expense
7 Current tax 3.58 27.45
8 Deferred tax (4.15) (1.26)
9 Total tax expenses (0.57) 26.19
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 63.42 65.66
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 1.39 (0.55)
16 Total profit (loss) for period 64.81 65.11
17 Other comprehensive income net of taxes (0.80) (4.44)
18 Total Comprehensive Income for the period 64.01 60.67
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 64.68 64.88
Total profit or loss, attributable to non-controlling interests 0.12 0.22
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 63.82 60.13
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.18 0.53
21 Details of equity share capital
Paid-up equity share capital 1,686.25 1,686.25
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 6,840.41
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.38 0.38
Diluted earnings (loss) per share from continuing operations 0.38 0.38
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.38 0.38
Diluted earnings (loss) per share from continuing and discontinued operations 0.38 0.38
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The Financial Results of the Company have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company in their meeting held on 30.05.2026. The Results are being published in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Statutory Auditors of the Company have expressed an unmodified opinion on the above result. 2. The Financial results have been prepared in accordance with Indian Accounting Standards ('IND AS') as prescribed under section 133 of Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment thereunder. 3. The figures for the quarter ended 31.03.2026 and the quarter ended 31.03.2025 as reported in these financial results are the balancing figures between the Audited Figures in respect of the full Financial year and the unaudited published year to date figures up to the Third Quarter of the respective Financial Year. 4. Comparative figures have been rearranged/regrouped wherever necessary. 5. The Group's business falls within operating segment: 1) Construction and 2) Fuel and Grocery. Hence, the company has disclosed the segment information in its consolidated financial results in accordance with Ind AS 108 Operating Segment. 6. On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has considered restructured compensation of its employees with effect from April 1, 2026, and assessed the impact of the changes, consistent with the Labour Codes, draft rules, FAQs and legal opinion. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Group has presented such incremental impact as “Statutory impact of new Labour Codes” under “Exceptional Items” in the consolidated statement of profit and loss for the year ended March 31, 2026. The Group continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 339.75
Capital work-in-progress
Investment property
Goodwill 0.00
Other intangible assets 418.84
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 329.65
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 121.92
Total of other non-current financial assets 121.92
Total non-current financial assets 451.57
Deferred tax assets (net)
Other non-current assets
1 Other non-current assets 0.35
Total of other non-current assets 0.35
Total non-current assets 1,210.51
2 Current assets
Inventories 3,525.49
Current financial asset
Current investments 0.00
Trade receivables, current 16,209.01
Cash and cash equivalents 94.14
Bank balance other than cash and cash equivalents 453.38
Loans, current 0.00
Other current financial assets
Total of other current financial assets 41.36
Total current financial assets 16,797.89
Current tax assets (net)
Other current assets
1 Other current assets 446.81
Total of other current assets 446.81
Total current assets 20,770.19
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 21,980.70
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,686.25
Other equity 6,840.41
Total equity attributable to owners of parent 8,526.66
Non controlling interest 8.15
Total equity 8,534.81
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Lease Liabilities 121.97
2 Other non-current financial liabilities 1,291.93
Total of other non-current financial liabilities 1,413.90
Total non-current financial liabilities 1,413.90
Provisions, non-current 0.00
Deferred tax liabilities (net) 6.28
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 1,420.18
Current liabilities
Current financial liabilities
Borrowings, current 9,034.37
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2,518.04
Total Trade payable 2,518.04
Other current financial liabilities
1 Lease Liabilites 75.69
2 Other current financial liabilities 270.56
Total of other current financial liabilities 346.25
Total current financial liabilities 11,898.66
Other current liabilities 41.58
1 Other current liabilities 41.58
Total of other current liabilities 41.58
Provisions, current 56.84
Current tax liabilities (Net) 28.63
Deferred government grants, Current
Total current liabilities 12,025.71
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 13,445.89
Total equity and liabilites 21,980.70
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Construction 3,086.12 5,282.22
2 Fuel and Grocery 0.0069793 2,991.44
3 Others 0.0000193 0.0000699
Total Segment Revenue 3,785.98 8,280.65
Less: Inter segment revenue
Revenue from operations 3,785.98 8,280.65
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Construction 279.93 570.58
2 Fuel and Grocery 53.79 174.07
3 Others 0.88 5.19
Total Profit before tax 334.60 749.84
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax 334.60 749.84
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Construction 21,006.42 21,006.42
2 Fuel and Grocery 653.09 653.09
3 Others 321.14 321.14
Total Segment Asset 21,980.65 21,980.65
Un-allocable Assets 0.00 0.00
Net Segment Asset 21,980.65 21,980.65
4 Segment Liabilities
Segment Liabilities
1 Construction 12,790.00 12,790.00
2 Fuel and Grocery 575.90 575.90
3 Others 79.98 79.98
Total Segment Liabilities 13,445.88 13,445.88
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 13,445.88 13,445.88
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to Profit and Loss 4.78 3.97
Total Amount of items that will not be reclassified to profit and loss 4.78 3.97
2 Income tax relating to items that will not be reclassified to profit or loss 0.75 0.62
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to Profit and Loss (4.83) (7.79)
Total Amount of items that will be reclassified to profit and loss (4.83) (7.79)
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (0.80) (4.44)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 91.85
Adjustments for reconcile profit (loss)
Adjustments for finance costs 539.34
Adjustments for decrease (increase) in inventories 26.37
Adjustments for decrease (increase) in trade receivables, current (1,271.84)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (228.30)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 190.69
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 144.64
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 117.09
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (6.36)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 323.49
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 53.64
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (5.90)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (224.42)
Net cash flows from (used in) operations (132.57)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 7.82
Other inflows (outflows) of cash (12.99)
Net cash flows from (used in) operating activities (153.38)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 7.09
Purchase of property, plant and equipment 16.71
Proceeds from sales of investment property 83.63
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 22.68
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 53.64
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 12.99
Net cash flows from (used in) investing activities 117.96
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 625.03
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (596.58)
Net cash flows from (used in) financing activities 28.45
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (6.97)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (6.97)
Cash and cash equivalents cash flow statement at beginning of period 101.11
Cash and cash equivalents cash flow statement at end of period 94.14





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 A R P A N & ASSOCIATES LLP Yes 31-07-2027