Integrated Filing — IndAS



General information about company

Scrip Code 540700
NSE Symbol BRNL
MSEI Symbol NOTLISTED
ISIN INE727S01012
Name of company BHARAT ROAD NETWORK LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 14-08-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 09-08-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment The Company Is primarlly engaged In a single business segment of purchase, own, bulld, develop, design, operate, transfer road and related services, Hence, segment reporting Is not applicable.
Start date and time of board meeting 14-08-2026   19:30:00
End date and time of board meeting 14-08-2026   20:40:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 4,739.46 4,739.46
Other income 598.17 598.17
Total income 5,337.63 5,337.63
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(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 136.41 136.41
(e) Finance costs 0.04 0.04
(f) Depreciation, depletion and amortisation expense 2,013.18 2,013.18
(f) Other Expenses
1 Other Expences 11,922.65 11,922.65
Total other expenses 11,922.65 11,922.65
Total expenses 14,072.28 14,072.28
3 Total profit before exceptional items and tax (8,734.65) (8,734.65)
4 Exceptional items 0.00 0.00
5 Total profit before tax (8,734.65) (8,734.65)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax (7.89) (7.89)
9 Total tax expenses (7.89) (7.89)
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 (8,726.76) (8,726.76)
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 (8,726.76) (8,726.76)
17 Other comprehensive income net of taxes (0.71) (0.71)
18 Total Comprehensive Income for the period (8,727.47) (8,727.47)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (9,433.64) (9,433.64)
Total profit or loss, attributable to non-controlling interests 706.88 706.88
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (9,434.35) (9,434.35)
Total comprehensive income for the period attributable to owners of parent non-controlling interests 706.88 706.88
21 Details of equity share capital
Paid-up equity share capital 8,395.00 8,395.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -10.4 -10.4
Diluted earnings (loss) per share from continuing operations -10.4 -10.4
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 -10.4 -10.4
Diluted earnings (loss) per share from continuing and discontinued operations -10.4 -10.4
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 above standalone financial results for the quarter ended June 30, 2026 and consolidated financial results for the quarter ended June 30, 2026 were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on August 14, 2026. Limited Review of these Financial Results for the quarter ended June 30, 2026 as required under regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been carried out by the Statutory Auditors of the Company. 2)The Company is primarily engaged in a single business segment of purchase, own, build, develop, design, operate, transfer road and related services. Hence, segment reporting is not applicable. 3)Other Income / expenses includes gain/(loss) on account of Investments mandatorily measured at Fair Value Through Profit and Loss (FVTPL). 4)The Company received Rs. 7,000 lakhs from IL&FS Financial Services Ltd. (IL&FS) in FY 2016-17 and has receivables of Rs. 11,419 lakhs from IL&FS Transportation Networks Ltd. IL&FS filed a Section-7 application before NCLT, Kolkata which remains sine die. As per NCLAT directions, all IL&FS group entities are treated as a single unit for restructuring. IL&FS sought relief before NCLT, Mumbai for mutual discharge of dues, but its application was dismissed. On appeal, NCLAT, New Delhi set aside the dismissal and remitted the matter for fresh consideration. Accordingly, IL&FS has filed Restoration Application Under Rule 11 on July 10, 2026 to seek revival and restoration of the Company Application Number 226 of 2025 in NCLT Mumbai. This case too remains sub judice before NCLT, Mumbai. 5)The Company has availed financial assistance from a financial institution�� amounting to Rs. 19,357.72 lakhs and the same was repayable on March 31, 2025. Total interest accrued in books of accounts amounts to Rs. 12,015.55 lakhs till June 30, 2024. Interest amounting to Rs. 7,948.54� lakhs have not been provided from July 01, 2024 onwards.� Company has defaulted in repayment of principal and interest due on March 31, 2025. Partial payment of Rs. 8,000 lakhs has been done in the month of December 2025 towards Interest by the Company. The Company is currently in discussions� for� the potential restructuring / resolution of this financial support. The Company is hopeful of a positive outcome in this regard. Considering these, interest has not been recognised from July 01, 2024 onwards and repayments have been put on hold. The accounts have been prepared on Going Concern Basis, keeping in view the positive net worth of the Company as at� June 30, 2026 and expected realisation from its financial assets and potential restructuring / resolution of the above. 6)The Standalone and Consolidated figures for the last quarter for financial year 2025-26 are the� balancing figures between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited (with limited review) year to date figures upto the third quarter ended December 31, 2025 . 7)In case of Subsidiary Company, Guruvayoor Infrastructure Pvt. Ltd. (GIPL), Claims & Counter claims are being pursued before the Arbitral Tribunal both by GIPL & National Highway Authority of India (NHAI) which is still pending adjudication. 8)The Officers of the Directorate of Enforcement (ED) conducted search proceedings u/s 17(1) of the Prevention of Money Laundering Act,2002 (PMLA) at the Office Premises of the� Subsidiary, Guruvayoor Infrastructure Pvt. Ltd (GIPL) . This was pursuant to the CBI Investigation and FIR� being filed alleging criminal conspiracy leading to unlawful gain of Rs. 10,244 Lakhs.� Subsequently, CBI has filled chargesheet on� March 27 ,2024, wherein the alleged undue gain has been quantified at around Rs. 2,447� Lakhs. The ED has passed an order� against GIPL, to freeze the movable properties (including Bank balance and fixed deposits) to the tune of Rs. 12,521.42 lakhs.������ GIPL� has preferred an Appeal against the said order of The Adjudicating Authority before the Hon'ble Appellate Tribunal (PMLA).� Concurrently, ED has also filed a prosecution complaint before the Hon’ble Additional Special Sessions Court , at Ernakulam. The matter is sub-judice.������������������������������������������������������������������������������ 9)The Subsidiary Company, Guruvayoor Infrastructure Pvt. Ltd. (GIPL) has availed financial assistance from one of the financial institution and is currently in discussion with them regarding the potential restructuring of this financial support. GIPL is hopeful of a positive outcome in this regard. Considering this development, interest amounting to Rs 2,560.58 Lakhs has not been provided from October 01,2024 onwards . 10)In case of� Solapur Tollways Private Limited (STPL), pursuant to initiation of CIRP, vide NCLT-Kolkata Order dated December 20, 2024, the Company� ceases� control� over� STPL.��������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� 11)Kurukshetra Expressway Private Limited (KEPL), an associate of the Company, was awarded Rs. 86,087 lakhs by the Arbitral Tribunal towards losses including termination payment (net of counter claims)� vide order dated August 16, 2024, which has been set aside by the Hon’ble Delhi High Court. Consequently, the Company has impaired/ provided against the investments in and receivables from KEPL. 12)Mahakaleshwar Tollways Pvt Ltd. (MTPL) an associate of the Company , pursuing claims of Rs. 214,916� lakhs� including Termination payment and� other damages had� filed Arbitration Petition before the Madhya Pradesh Arbitration Tribunal – Bhopal on October 30, 2021 under Madhya Pradesh Madhyastham Adhikaran Adhiniyam, 1983� .� The matter is subjudice. 13)The figures for the corresponding previous period have been regrouped/ reclassified wherever necessary, to make them comparable.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


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 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
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



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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
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
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss 0.95 0.95
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 (0.24) (0.24)
5 Total Other comprehensive income (0.71) (0.71)