| Scrip Code | 509550 |
|---|---|
| NSE Symbol | GAMMONIND |
| MSEI Symbol | NOTLISTED |
| ISIN | INE259B01020 |
| Name of company | Gammon India 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 | 27-05-2026 |
| 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 | Standalone |
| 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 | Single segment |
| Description of single segment | Construction & Engineering |
| Start date and time of board meeting | 30-05-2026 15:30:00 |
| End date and time of board meeting | 30-05-2026 17:29:00 |
| 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 | Statement on impact of audit qualification |
| Whether the company has any related party? | Yes |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | NA |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA |
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |
| (b) If answer to above question is No, please explain the reason for not complying. | |
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | No |
| Latest Date on which RPT policy is updated | |
| Indicate Company website link for updated RPT policy of the Company | |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | Yes |
| 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 | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 8,023.00 | 8,518.00 | |
| Other income | 634.00 | 1,380.00 | |
| Total income | 8,657.00 | 9,898.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 66.00 | 107.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 118.00 | 515.00 |
| (e) | Finance costs | 28,765.00 | 1,12,306.00 |
| (f) | Depreciation, depletion and amortisation expense | 40.00 | 166.00 |
| (f) | Other Expenses | ||
| 1 | Subcontracting Expenses | 110.00 | 151.00 |
| 2 | Other expenses | 6,314.00 | 15,513.00 |
| Total other expenses | 6,424.00 | 15,664.00 | |
| Total expenses | 35,413.00 | 1,28,758.00 | |
| 3 | Total profit before exceptional items and tax | (26,756.00) | (1,18,860.00) |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | (26,756.00) | (1,18,860.00) |
| 6 | Tax expense | ||
| 7 | Current tax | 0.00 | 0.00 |
| 8 | Deferred tax | 12.00 | 42.00 |
| 9 | Total tax expenses | 12.00 | 42.00 |
| 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 | (26,768.00) | (1,18,902.00) |
| 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 | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | (26,768.00) | (1,18,902.00) |
| 17 | Other comprehensive income net of taxes | (359.00) | (26.00) |
| 18 | Total Comprehensive Income for the period | (27,127.00) | (1,18,928.00) |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 7,411.00 | 7,411.00 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | 0.00 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | -32.24 | -32.24 | |
| Diluted earnings (loss) per share from continuing operations | -32.24 | -32.24 | |
| 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 | -32.24 | -32.24 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -32.24 | -32.24 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | ||
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| 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 | Standalone | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 40,157.00 | |
| Capital work-in-progress | 0.00 | |
| Investment property | 0.00 | |
| Goodwill | 0.00 | |
| Other intangible assets | 0.00 | |
| Intangible assets under development | 0.00 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 0.00 | |
| Non-current financial assets | ||
| Non-current investments | 4,310.00 | |
| Trade receivables, non-current | 54,152.00 | |
| Loans, non-current | 4,105.00 | |
| Other non-current financial assets | ||
| 1 | Others Financials Assets | 1,582.00 |
| Total of other non-current financial assets | 1,582.00 | |
| Total non-current financial assets | 64,149.00 | |
| Deferred tax assets (net) | 0.00 | |
| Other non-current assets | ||
| 1 | Other Assets | 1,774.00 |
| Total of other non-current assets | 1,774.00 | |
| Total non-current assets | 1,06,080.00 | |
| 2 | Current assets | |
| Inventories | 150.00 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 228.00 | |
| Cash and cash equivalents | 0.00 | |
| Bank balance other than cash and cash equivalents | 281.00 | |
| Loans, current | 4.00 | |
| Other current financial assets | ||
| Total of other current financial assets | ||
| Total current financial assets | 513.00 | |
| Current tax assets (net) | ||
| Other current assets | ||
| 1 | Others Financials Assets | 636.00 |
| 2 | Other current assets | 762.00 |
| Total of other current assets | 1,398.00 | |
| Total current assets | 2,061.00 | |
| 3 | Non-current assets classified as held for sale | 0.00 |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 |
| Total assets | 1,08,141.00 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 7,411.00 | |
| Other equity | (11,82,916.00) | |
| Total equity attributable to owners of parent | (11,75,505.00) | |
| Non controlling interest | ||
| Total equity | (11,75,505.00) | |
| 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 | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 448.00 | |
| Total Trade payable | 448.00 | |
| Other non-current financial liabilities | ||
| Total of other non-current financial liabilities | ||
| Total non-current financial liabilities | 448.00 | |
| Provisions, non-current | 76.00 | |
| Deferred tax liabilities (net) | 6,513.00 | |
| Deferred government grants, Non-current | 0.00 | |
| Other non-current liabilities | ||
| 1 | Other non-current liabilities | 4,408.00 |
| Total of other non-current liabilities | 4,408.00 | |
| Total non-current liabilities | 11,445.00 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 0.00 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 29.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 4,829.00 | |
| Total Trade payable | 4,858.00 | |
| Other current financial liabilities | ||
| 1 | Other financial liabilities | 12,17,993.00 |
| Total of other current financial liabilities | 12,17,993.00 | |
| Total current financial liabilities | 12,22,851.00 | |
| Other current liabilities | 480.00 | |
| 1 | Other current liabilities | 480.00 |
| Total of other current liabilities | 480.00 | |
| Provisions, current | 48,870.00 | |
| Current tax liabilities (Net) | 0.00 | |
| Deferred government grants, Current | 0.00 | |
| Total current liabilities | 12,72,201.00 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0.00 |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0.00 |
| Total liabilities | 12,83,646.00 | |
| Total equity and liabilites | 1,08,141.00 | |
| Disclosure of notes on assets and liabilities | ||
| 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 | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| 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 | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Remeasurement gain/ (loss) on defined benefit plans [net of tax if any] | (9.00) | 9.00 |
| 2 | Net gain/ (loss) on fair value of equity instruments through OCI [net of tax if any] | (350.00) | (35.00) |
| Total Amount of items that will not be reclassified to profit and loss | (359.00) | (26.00) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (359.00) | (26.00) |
| 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 | Standalone | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | (1,18,860.00) | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 1,12,306.00 | |||||
| Adjustments for decrease (increase) in inventories | 78.00 | |||||
| Adjustments for decrease (increase) in trade receivables, current | 56.00 | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | (7,624.00) | |||||
| Adjustments for decrease (increase) in other current assets | 0.00 | |||||
| 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 | 0.00 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | (11.00) | |||||
| Adjustments for increase (decrease) in trade payables, non-current | (23.00) | |||||
| Adjustments for increase (decrease) in other current liabilities | 624.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 395.00 | |||||
| Adjustments for depreciation and amortisation expense | 166.00 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 1,711.00 | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | 106.00 | |||||
| Adjustments for other financial liabilities, non-current | (239.00) | |||||
| Adjustments for unrealised foreign exchange losses gains | 13,198.00 | |||||
| Adjustments for dividend income | 3.00 | |||||
| Adjustments for interest income | 41.00 | |||||
| Adjustments for share-based payments | 0.00 | |||||
| Adjustments for fair value losses (gains) | 0.00 | |||||
| Adjustments for undistributed profits of associates | (16.00) | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | 26.00 | |||||
| Other adjustments for non-cash items | (1,183.00) | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 1,19,558.00 | |||||
| Net cash flows from (used in) operations | 698.00 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 43.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | 655.00 | |||||
| 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 | 0.00 | |||||
| Purchase of property, plant and equipment | 0.00 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| 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 | 3.00 | |||||
| Interest received | 8.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 52.00 | |||||
| Net cash flows from (used in) investing activities | 63.00 | |||||
| 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 | 0.00 | |||||
| Repayments of borrowings | 0.00 | |||||
| Payments of lease liabilities | 0.00 | |||||
| Dividends paid | 0.00 | |||||
| Interest paid | 720.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | (720.00) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (2.00) | |||||
| 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 | (2.00) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 0.00 | |||||
| Cash and cash equivalents cash flow statement at end of period | (2.00) | |||||
| Whether results are audited or unaudited | Audited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Auditor's opinion | Qualified 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 |
| 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 | M/s N V C & Associates LLP | Yes | 31-07-2027 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 9,898.00 | 9,898.00 |
| 2 | Total Expenditure | 1,28,799.00 | 1,28,799.00 |
| 3 | Net Profit/(Loss) | (1,18,860.00) | (1,18,860.00) |
| 4 | Earnings Per Share | -32.24 | -32.24 |
| 5 | Total Assets | 1,08,141.00 | 1,08,141.00 |
| 6 | Total Liabilities | 12,83,646.00 | 12,83,646.00 |
| 7 | Net Worth | (11,75,505.00) | (11,75,505.00) |
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
|---|---|---|---|---|---|---|---|
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Qualified opinion | Repetitive | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| 2 | Textual Information(6) | Qualified opinion | Repetitive | Textual Information(7) | Textual Information(8) | Textual Information(9) | Textual Information(10) |
| Textual Information(1) | We invite attention to note no. 7(a) of the financial statement, where the Company has during the previous year evaluated its existing claims in respect of on-going, completed and terminated contracts recognised in the earlier periods. Based on opinion of independent expert in the field of claims and arbitration who had assessed the likely number of claims being settled in favour of the Company, the Company has retained amounts to Rs. 10.00 crore as at March 31, 2026 as good and receivable |
|---|---|
| Textual Information(2) | Not Applicable |
| Textual Information(3) | The management believes that they have strong case for the claim lodged against the client. This has been validated by independent techno legal consultant. The Board therefore has decided to account the claims. |
| Textual Information(4) | Not Applicable |
| Textual Information(5) | In the absence of confirmation from the client we are unable to comment upon the amounts recognized, its realization and the consequent effect on the financial Statement for the year ended 31st March 2026. |
| Textual Information(6) | We invite attention to note no 26 (i) of the financial statement relating to penal interest and charges of Rs 107.90 crores (based on availability of loan statements) for the current year ended March 31, 2026 charged by the lenders on its facilities. Cumulative amount of such penal interest and charges amounts to Rs. 391.76 Crores (to the extent availability of loan statements) up to March 31, 2026. The management is disputing the same and has not accepted the debit of penal interest and charges in its books. They have also requested the lenders to reverse the same. In addition to above, an amount of Rs. 519.78 Crores towards penal interest and charges is levied by Asset Reconstruction company namely CFM Assets Reconstruction Company Private Limited (ARC). The said ARC has purchased the aforesaid debt from one of the companys lender. On the request of the Company for settlement of debt, ARC has considered the request of settling the debt on the basis of outstanding principal amount and waiving off interest and penal charges which is in the process of approval senior management of ARC. The management of the Company believes that this is a high possibility and is actively working for settling the same. Further the Company believes that the other lenders will accept similar settlement terms in the overall resolution plan. The resolution plan was approved by some of the lenders in 2021, which resolution is still under discussion, in which the penal interest and charges are likely to be reversed, and the resolution plan does not consider the Company liability to pay this. The aggregate amount of such penal interest considered contingent and not accounted by the Company including the amount of possible settlement as detailed above works out to Rs. 911.54 Crores The same has not been debited to profit and loss account as management is disputing the same and is in discussion with the lenders for reversal of the said penal interest and charges. In the absence of conclusion of the aforesaid discussion and the quantum which will be finally agreed between the Company and the lenders, we are unable to state whether any provision is required to be made against such penal interest and charges which are disclosed as contingent liability in these Standalone Financial Statements. Since the amount of provision to be done is not crystallised the impact of the same is not given in the above table. |
| Textual Information(7) | Not Applicable |
| Textual Information(8) | The management is disputing the same and has not accepted the debit of interest in its books. They have also requested the lenders to reverse the charges |
| Textual Information(9) | Not Applicable |
| Textual Information(10) | In the absence of any confirmation for reversal of charges by the lenders, we are unable to state whether any provision is required to be made against such penal interest and charges |
| Name of CEO / Managing director | Mr. Ajit Desai |
|---|---|
| Name of CFO | Mr. Anurag Choudhry |
| Name of audit committee chairman | Mr. Mahendra Shah |
| Name of statutory auditor | NVC & Associates LLP |
| Name of other signatory, if any, with designation | |
| Place | Mumbai |
| Date | 30-05-2026 |
Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) |
| Sr No. | Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||||
| Details of the party (listed entity/subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of the related party transaction ratified by the audit committee | Date of Audit Committee Meeting where the ratification was approved | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | ||||||||||
| 1 | Gammon India Limited | AJR Infra and Tolling Limited | Associate | Any other transaction | Rent Income | Yes | 1.00 | 43.00 | 44.00 | Textual Information(1) | |||||||||||||||
| 2 | Gammon India Limited | Gammon sew | joint venture | Loan | Yes | 233.00 | 780.00 | 1,013.00 | Textual Information(2) | ||||||||||||||||
| 3 | Gammon India Limited | Gammon sew | joint venture | Any other transaction | Revenue | Yes | 0.00 | 29.00 | 2.00 | Textual Information(3) | |||||||||||||||
| 4 | Gammon India Limited | Gammon sew | joint venture | Any other transaction | Share of loss | Yes | 2.00 | 0.00 | 0.00 | Textual Information(4) | |||||||||||||||
| 5 | Gammon India Limited | Mr. Ajit B. Desai | key managerial Person | Remuneration | Yes | 24.00 | 0.00 | 0.00 | Textual Information(5) | ||||||||||||||||
| 6 | Gammon India Limited | Mr. Anurag Choudhry | key managerial Person | Remuneration | Yes | 24.00 | 0.00 | 0.00 | Textual Information(6) | ||||||||||||||||
| 7 | Gammon India Limited | Mr. Sandeep Sheth | key managerial Person | Remuneration | Yes | 52.00 | 0.00 | 0.00 | Textual Information(7) | ||||||||||||||||
| 8 | Gammon India Limited | Kashi Nath Chatterjee | Independent Director | Remuneration | Yes | 1.00 | 0.00 | 0.00 | Textual Information(8) | ||||||||||||||||
| 9 | Gammon India Limited | Vinath Hegde | Independent Director | Remuneration | Yes | 1.00 | 0.00 | 0.00 | Textual Information(9) | ||||||||||||||||
| 10 | Gammon India Limited | Mahendra Ujamshi Shah | Independent Director | Remuneration | Yes | 1.00 | 0.00 | 0.00 | Textual Information(10) | ||||||||||||||||
| 11 | Gammon Sew Joint Venture | ATSL Infrastruture Project Limited | Subsidiary | Any other transaction | Reimbursement of expenses | Yes | 0.00 | 1.00 | 1.00 | Textual Information(11) | |||||||||||||||
| 12 | Gammon Sew Joint Venture | Franco Tosi Turbines Private Limited | Subsidiary | Any other transaction | Reimbursement of expenses | Yes | 1.00 | 1.00 | 2.00 | Textual Information(12) | |||||||||||||||
| 13 | Gammon Sew Joint Venture | Gammon Power Limited | Subsidiary | Any other transaction | Reimbursement of expenses | Yes | 0.00 | 1.00 | 1.00 | Textual Information(13) | |||||||||||||||
| 14 | Gammon Sew Joint Venture | Gammon Real Estate Developers Private Limited | Subsidiary | Any other transaction | Reimbursement of expenses | Yes | 0.00 | 1.00 | 1.00 | Textual Information(14) | |||||||||||||||
| 15 | Gammon Sew Joint Venture | Gammon Realty Limited | Subsidiary | Any other transaction | Reimbursement of expenses | Yes | 0.00 | 1.00 | 1.00 | Textual Information(15) | |||||||||||||||
| 16 | Gammon Sew Joint Venture | Gammon Retail Infrastructure Private Limited | Subsidiary | Any other transaction | Reimbursement of expenses | Yes | 0.00 | 2.00 | 2.00 | Textual Information(16) | |||||||||||||||
| 17 | Gammon Sew Joint Venture | Gammon Transmission Limited | Subsidiary | Any other transaction | Reimbursement of expenses | Yes | 0.00 | 1.00 | 1.00 | Textual Information(17) | |||||||||||||||
| 18 | Gammon Sew Joint Venture | Patna Water Supply Distribution Network Private Ltd | Subsidiary | Any other transaction | Reimbursement of expenses | Yes | 0.00 | 2.00 | 2.00 | Textual Information(18) | |||||||||||||||
| 19 | Gammon Sew Joint Venture | Metropolitan Infrahousing Private Limited | Subsidiary | Any other transaction | Reimbursement of expenses | Yes | 0.00 | (9.00) | (9.00) | Textual Information(19) | |||||||||||||||
| Total value of transaction during the reporting period | 340.00 | ||||||||||||||||||||||||
| Textual Information(1) | Rent Income |
| Textual Information(2) | Reimbursement of expenses inccured on behalf of the Company |
| Textual Information(3) | Revenue |
| Textual Information(4) | Share of loss |
| Textual Information(5) | Managerial Remuneration Paid |
| Textual Information(6) | Managerial Remuneration Paid |
| Textual Information(7) | Managerial Remuneration Paid |
| Textual Information(8) | Director fees |
| Textual Information(9) | Director fees |
| Textual Information(10) | Director fees |
| Textual Information(11) | Reimbursement of expenses inccured on behalf of the Company |
| Textual Information(12) | Reimbursement of expenses inccured on behalf of the Company |
| Textual Information(13) | Reimbursement of expenses inccured on behalf of the Company |
| Textual Information(14) | Reimbursement of expenses inccured on behalf of the Company |
| Textual Information(15) | Reimbursement of expenses inccured on behalf of the Company |
| Textual Information(16) | Reimbursement of expenses inccured on behalf of the Company |
| Textual Information(17) | Reimbursement of expenses inccured on behalf of the Company |
| Textual Information(18) | Reimbursement of expenses inccured on behalf of the Company |
| Textual Information(19) | Reimbursement of expenses inccured on behalf of the Company |
| Sr. No. | Particulars | Amount | Remarks |
| 1. | Loans / revolving facilities like cash credit from banks / financial institutions | ||
| A | Total amount outstanding as on date | 3,76,593.00 | |
|---|---|---|---|
| B | Of the total amount outstanding, amount of default as on date | 3,76,593.00 | |
| 2. | Unlisted debt securities i.e. NCDs and NCRPS | ||
| A | Total amount outstanding as on date | 28,797.00 | |
| B | Of the total amount outstanding, amount of default as on date | 28,797.00 | |
| 3. | Total financial indebtedness of the listed entity including short-term and long-term debt | 4,05,390.00 | |