5331522026-01-012026-03-315331522026-03-315331522025-03-315331522025-04-012026-03-315331522026-01-012026-03-31in-capmkt:OtherExpenses1Member5331522026-01-012026-03-31in-capmkt:OtherExpenses2Member5331522025-04-012026-03-31in-capmkt:OtherExpenses1Member5331522025-04-012026-03-31in-capmkt:OtherExpenses2Member5331522026-03-31OtherNoncurrentFinancialAssetsDomain15331522026-03-31OtherNoncurrentAssetsDomain15331522026-03-31OtherCurrentFinancialAssetsDomain15331522026-03-31OtherCurrentAssetsDomain15331522026-03-31OtherNoncurrentLiabilitiesDomain15331522026-03-31OtherCurrentFinancialLiabilitiesDomain15331522026-03-31OtherCurrentLiabilitiesDomain15331522026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15331522025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15331522026-01-012026-03-31RelatedPartyTransactionDomain15331522025-12-31RelatedPartyTransactionDomain15331522026-03-31RelatedPartyTransactionDomain15331522026-01-012026-03-31RelatedPartyTransactionDomain25331522025-12-31RelatedPartyTransactionDomain25331522026-03-31RelatedPartyTransactionDomain25331522026-01-012026-03-31RelatedPartyTransactionDomain35331522025-12-31RelatedPartyTransactionDomain35331522026-03-31RelatedPartyTransactionDomain35331522026-01-012026-03-31RelatedPartyTransactionDomain45331522025-12-31RelatedPartyTransactionDomain45331522026-03-31RelatedPartyTransactionDomain45331522026-01-012026-03-31RelatedPartyTransactionDomain55331522025-12-31RelatedPartyTransactionDomain55331522026-03-31RelatedPartyTransactionDomain55331522026-01-012026-03-31RelatedPartyTransactionDomain65331522025-12-31RelatedPartyTransactionDomain65331522026-03-31RelatedPartyTransactionDomain65331522026-01-012026-03-31RelatedPartyTransactionDomain75331522025-12-31RelatedPartyTransactionDomain75331522026-03-31RelatedPartyTransactionDomain75331522026-01-012026-03-31RelatedPartyTransactionDomain85331522025-12-31RelatedPartyTransactionDomain85331522026-03-31RelatedPartyTransactionDomain85331522026-01-012026-03-31RelatedPartyTransactionDomain95331522025-12-31RelatedPartyTransactionDomain95331522026-03-31RelatedPartyTransactionDomain95331522026-01-012026-03-31RelatedPartyTransactionDomain105331522025-12-31RelatedPartyTransactionDomain105331522026-03-31RelatedPartyTransactionDomain105331522026-01-012026-03-31RelatedPartyTransactionDomain115331522025-12-31RelatedPartyTransactionDomain115331522026-03-31RelatedPartyTransactionDomain115331522026-01-012026-03-31RelatedPartyTransactionDomain125331522025-12-31RelatedPartyTransactionDomain125331522026-03-31RelatedPartyTransactionDomain125331522026-01-012026-03-31RelatedPartyTransactionDomain135331522025-12-31RelatedPartyTransactionDomain135331522026-03-31RelatedPartyTransactionDomain135331522026-01-012026-03-31RelatedPartyTransactionDomain145331522025-12-31RelatedPartyTransactionDomain145331522026-03-31RelatedPartyTransactionDomain145331522026-01-012026-03-31RelatedPartyTransactionDomain155331522025-12-31RelatedPartyTransactionDomain155331522026-03-31RelatedPartyTransactionDomain155331522026-01-012026-03-31RelatedPartyTransactionDomain165331522025-12-31RelatedPartyTransactionDomain165331522026-03-31RelatedPartyTransactionDomain165331522026-01-012026-03-31RelatedPartyTransactionDomain175331522025-12-31RelatedPartyTransactionDomain175331522026-03-31RelatedPartyTransactionDomain175331522026-01-012026-03-31RelatedPartyTransactionDomain185331522025-12-31RelatedPartyTransactionDomain185331522026-03-31RelatedPartyTransactionDomain185331522026-01-012026-03-31RelatedPartyTransactionDomain195331522025-12-31RelatedPartyTransactionDomain195331522026-03-31RelatedPartyTransactionDomain195331522026-01-012026-03-31RelatedPartyTransactionDomain205331522025-12-31RelatedPartyTransactionDomain205331522026-03-31RelatedPartyTransactionDomain205331522026-01-012026-03-31RelatedPartyTransactionDomain215331522025-12-31RelatedPartyTransactionDomain215331522026-03-31RelatedPartyTransactionDomain215331522026-01-012026-03-31RelatedPartyTransactionDomain225331522025-12-31RelatedPartyTransactionDomain225331522026-03-31RelatedPartyTransactionDomain225331522026-01-012026-03-31RelatedPartyTransactionDomain235331522025-12-31RelatedPartyTransactionDomain235331522026-03-31RelatedPartyTransactionDomain235331522026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares533152MBLINFRANAINE912H01013MBL Infrastructure LimitedMain BoardEquity2025-04-012026-03-312026-05-302026-05-22INRLakhsQuarterlyFourth quarterSingle segmentConstruction and Project Activities2026-05-3015:40:002026-05-3018:15:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2026-02-14www.mblinfra.comfalsefalseNIL2026-01-012026-03-31AuditedStandalone383800000538000000921800000235000000015700000487000008500000292600000389000000532800000-13000005315000000523400000523400000081000000000810000060000087000001525300000100.07000.060.070.06Notes: <BR> 1. These Audited standalone financial results have been prepared in accordance with the Indian Accounting Standards ("Ind AS") prescribed under Companies (Indian Accounting Standards) Rules, 2015 as amended. The standalone financial results of the Company have been reviewed by the Audit Committee and approved and taken on record by the Board of Directors of the Company in their meeting held on May 30, 2026. <BR> <BR> 2. The Resolution Plan dated November 22, 2017 submitted by Mr. A K Lakhotia with 78.50% CoC majority support was approved under IBC, 2016 and Orders dated April 18, 2018, March 11, 2022, September 13, 2023 and September 30, 2024 by Hon'ble National Company Law Tribunal ("NCLT"), Kolkata, Orders dated August 16, 2019, May 23, 2023 and August 10, 2023 by Hon'ble National Company Law Appellate Tribunal ("NCLAT") and Orders dated January 18, 2022, August 04, 2023 and September 25, 2023 by Hon’ble Supreme Court were passed regarding approval and implementation of the Resolution Plan and the Resolution Plan has attained finality. The documents for implementation of the Approved Resolution Plan have been executed by the Banks and the date of implementation of the Package/Resolution Plan has been declared by the Banks as September 04,2024. <BR> <BR> 3. The Resolution Plan approved under IBC is binding on all creditors including the Central Government, State Government, any Local Authority under section 31(1) of IBC, 2016. Claims not filed/ not admitted/ claims which do not form part of the approved Resolution Plan stand extinguished. The payments of admitted claims are subject to reconciliation and rights and remedies available to the Company and are not acknowledged as debt. <BR> <BR> 4. As per legal advice received, in case of claim not filed by creditor against Corporate Guarantee(s) provided by the Company in respect of subsidiary company(ies), the same stand extinguished. Without prejudice to the above, as per the Resolution Plan dated November 22, 2017 of the Company approved under IBC, 2016 read with Orders dated April 18, 2018, March 11, 2022, September 13, 2023 and September 30, 2024 by Hon'ble NCLT, Kolkata, Order dated August 16, 2019, May 23, 2023 and August 10, 2023 passed by Hon'ble NCLAT and Order dated January 18, 2022, August 04, 2023 and September 25, 2023 passed by Hon’ble Supreme Court, the treatment of Corporate Guarantees is "Any amount arising out of invocation of existing Corporate Guarantees/Contingent Liabilities other than the current sub-judice matters will be paid after the payment of all the dues of Financial Creditors as per resolution plan, without any interest and penalties subject to the rights and remedies available to the Company" and "All amounts will be paid after proper reconciliation and without prejudice to the legal remedies available to the Company." <BR> <BR> 5. The Government of India consolidated 29 existing labour regulations into four Labour codes, namely, The Code on Wages, 2019. The Industrial Relations Code, 2020. The Code of Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the ‘New Labour Codes’. In accordance with the requirement of Ind AS 19 ‘Employee Benefits’, these changes have resulted into an estimated increase in the past service cost of gratuity and compensated absence by Rs.13 lakhs. Considering that the enactment of the new legislation is a non-recurring event, the Company has presented this one-time charge under ‘Exceptional Item’ for the quarter and year ended March 31, 2026. The Company continues to monitor the finalisation of the Central and State Rules and clarifications from the Government on the New Labour Codes and shall provide appropriate accounting effect based on such developments, as necessary. <BR> <BR> 6. The Company has as at March 31, 2026 Non-Current Investment amounting to Rs.3,984 lakhs (March 31, 2025; Rs.3,984 lakhs) in its wholly owned subsidiary company MBL Projects Ltd. The net worth of the subsidiary does not represent true market value of the underlying investment/assets. The subsidiary holds shares in downstream SPVs in which projects were cancelled/terminated. Claims have been filed against cancellation/termination of the projects. These claims are based on the terms and conditions implicit in the contract in respect of cancelled/terminated projects. Considering the contractual tenability,legal advice received and progress of arbitration/ litigation, the management is confident of recovery of these claims. In view of this, the management is confident that the realisable amount is higher than the carrying value of the investment and, therefore, has considered the investment in the above subsidiary as good and recoverable. <BR> <BR> 7. The Company has as at March 31, 2026 Non- Current Investment amounting to Rs.5,110 lakhs (March 31, 2025; Rs.5,110 lakhs) in its wholly owned subsidiary company MBL Highway Development Company Limited (MHDCL). The net worth of subsidiary does not represent true market value of the underlying investment/assets. There was a participation in concession agreement dated September 09, 2011 by way of project centric ECB facility as per prudential norms of financing infrastructure projects in India as per RBI guidelines and other applicable Indian laws in DBFOT project of MHDCL. Repayments and interest were to be made from escrow account out of deposit of user fee (toll) on achievement of Commercial Operation Date (COD). However the concession agreement was terminated by Authority on November 18, 2016. Legal proceedings are pending at various forums for adjudication of disputes including dispute resolution proceedings in India and summary judgement and certificate of enforcement from a foreign country and its execution petition in India by such participant. MHDCL has received legal advice that the same is not enforceable. MHDCL has counter claims against the participant exceeding the amount of the claims. However, provision has been made for claims including foreign exchange fluctuation as per ‘conservative principles of accounting’ but the same is not acknowledged as debt payable by MHDCL. MHDCL has invoked arbitration against the Authority and Lenders Representative / Escrow Agent on account of material defaults/breach on their part in fulfilling their obligations as per provisions of Substitution Agreement & Escrow Agreement and has filed claims. Based on estimates like future business plan, arbitration proceedings and other factors, the management is confident that the realisable amount is higher than the carrying value of the investment and, therefore, the investment in the above subsidiary is good and recoverable. <BR> <BR> 8. The Company has as at March 31, 2026 Non-Current Investment amounting to Rs.18,505 lakhs (March 31, 2025; Rs.18,505 lakhs) in its wholly owned subsidiary company Suratgarh Bikaner Toll Road Company Private Limited (SBTRCPL) . The net worth of the subsidiary does not represent true market value of the underlying investment/assets. The Company is under Corporate Insolvency Resolution Process (CIRP) vide order dated December 01, 2025 passed by Adjudicating Authority, National Company Law Tribunal, Kolkata. The powers of the members of the Board of Directors are suspended and management of the SBTRCPL vests with Resolution Professional. SBTRCPL being MSME and the Company also being MSME is eligible to submit the Resolution Plan under IBC, 2016 and is one of the Prospective Resolution Applicant . The Company has submitted Resolution Plan for SBTRCPL which is being evaluated by Committee of Creditors. Based on the estimates like future business plan, arbitration proceedings and other factors, the management is confident that realisable amount is higher than the carrying value of investment and therefore, investment in the above subsidiary is good and recoverable. <BR> <BR> 9. The Company has claims in respect of cost over-runs arising due to client responsibility delays, client's suspension of projects, deviation in design, change in scope of work etc., which are at various stages of negotiation/ discussion with the clients/ arbitration /litigation. The realisability of these claims are estimated by the Company based on contractual terms, historical experience with similar claims as well as legal opinion obtained from internal and external experts, wherever necessary. Revenue in respect of claim is recognised to the extent the Company is reasonably certain of their realisation. Realisation of above claims may be lower than the claims recognized if the Company decides to settle the same out of court in future considering the substantial time involved in litigation. Impact thereof will be considered in the year of such settlement. <BR> <BR> <BR> <BR> 10. a. Other income comprises: <BR> <BR> (Rs. In Lakhs) <BR> Particulars Quarter Ended Year Ended <BR> 31.03.2026 31.12.2025 31.03.2025 31.03.2026 31.03.2025 <BR> (Audited) (Unaudited) (Audited) (Audited) (Audited) <BR> a. Ind-AS Adjustment 1032 1032 1085 4128 11132 <BR> b. Interest on fixed deposits & others 28 22 19 185 118 <BR> c. Others - 350 25 350 535 <BR> Total 1060 1404 1129 4663 11785 <BR> <BR> b. Other expenses comprises: <BR> <BR> (Rs. In Lakhs) <BR> Particulars Quarter Ended Year Ended <BR> 31.03.2026 31.12.2025 31.03.2025 31.03.2026 31.03.2025 <BR> (Audited) (Unaudited) (Audited) (Audited) (Audited) <BR> a. Ind-AS Adjustment on Financial Asset 1070 2560 741 10030 12806 <BR> b. Ind-AS Adjustment on Financial Liabilities 1202 1176 1082 4661 2545 <BR> b. Miscellaneous Expenses etc. 645 368 420 1782 1532 <BR> Total 2917 4104 2243 16473 16883 <BR> <BR> <BR> 11. The Company is engaged in Infrastructure Construction/Project activities which are seasonal in nature and the margins vary based on the accrual of cost and recognition of income in different quarters due to nature of business or events which lead to revision in cost to complete. <BR> <BR> 12. The Company’s operations consist of construction/project activities and there are no other reportable segments under Indian Accounting Standard 108 - Operating Segments. <BR> <BR> 13. The figure for the quarter ended March 31, 2026 and March 31, 2025 are balancing figures between the audited figures in respect of the full financial year upto March 31, 2026 and March 31, 2025 and the unaudited published year to date figure upto the third quarter ended December 31, 2025 and December 31, 2024, respectively being the date of the end of third quarter of the financial year which were subjected to limited review. <BR> <BR> 14. Figures for the previous period/quarter have been reworked/regrouped/recasted, wherever considered necessary. <BR> <BR> 15. All figures are in lakhs except earnings per share. Figures in ( ) denote negative/decrease. <BR> For MBL Infrastructure Ltd. <BR> <BR> <BR> Anjanee Kumar Lakhotia <BR> Date: 30 May , 2026 Chairman & Managing Director <BR> Place: New Delhi DIN 00357695 <BR> <BR> . <BR> <BR> <BR> <BR> <BR> 2025-04-012026-03-31AuditedStandalone122310000089830000021214000007150000000541000002139000003590000011290000001504400000617000000-1300000615700000052340000052340000009230000000009230000014000009370000015253000001000.64000.630.640.63Direct Labour, Sub-Contracts etc.2900000Other Expenses289700000Direct Labour, Sub-Contracts etc.12500000Other Expenses1116500000342000000003129900000174682000000646000002066270000099110000021995800000960000001162400000438000002952000000110600000161200000067340000030120000025962000002459200000015253000001211900000013644300000136443000006844400000287000002870000068731000001360000002814500000982360000047950000002970000029700000167000005259000005219000007630000011241000001094770000024592000000Other Financial Assets64600000Deferred tax assets (net)991100000Other current financial assets110600000Other current assets301200000Other non-current liabilities2814500000Other current financial liabilities16700000Other current liabilities5219000002139000002400000193300000-78570000043300000061600000107800000-2724000000900000-1000000627700000161300000359000000-34300000-37300000-36660000000018500000000-349000000-8448000000-55770000058000000000-18680000002448000000000000002700000364000000000000000000000000033700000003000000000000004526000000016820000000-320800000-423000000-423000008610000043800000Items that will not be reclassified to profit & loss600000600000Items that will not be reclassified to profit & loss1400000140000000006000001400000MBL Infrastructure Ltd.******MBL Highway Development Company Ltd.******Wholly Owned SubsidiaryAny other transactionReimbursement of expenses/Payments/ReceiptsConsidered/Noted58100068538000691190001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******MBL (MP) Road Nirman Co. Ltd.******Wholly Owned SubsidiaryAny other transactionReimbursement of expenses/Payments/ReceiptsConsidered/Noted0449400044940001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******MBL Projects Ltd.******Wholly Owned SubsidiaryAny other transactionReimbursement of expenses/Payments/ReceiptsConsidered/Noted57370004297000100340001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******MBL (MP) Toll Road Co. Ltd.******Wholly Owned SubsidiaryAny other transactionContact Revenue Billed, O&M Charges etc.Considered/Noted27044000001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******MBL (MP) Toll Road Co. Ltd.******Wholly Owned SubsidiaryAny other transactionReimbursement of expenses /Payments/Receipts (Net)Considered/Noted977470002099570001122100001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******Suratgarh Bikaner Toll Road Company Pvt. Ltd******Wholly Owned SubsidiaryAny other transactionContact Revenue Billed, O&M Charges etc.Considered/Noted194377000001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******Suratgarh Bikaner Toll Road Company Pvt. Ltd******Wholly Owned SubsidiaryAny other transactionReimbursement of expenses / Payments/Receipts (Net)Considered/Noted224790008065000305440001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******MBL Supreme JV******Enterprises-Participation InterestAny other transactionReimbursement of expenses/Payments/ReceiptsConsidered/Noted0149800014980001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******MBL ABCI JV******Enterprises-Participation InterestAny other transactionReimbursement of expenses/Payments/Receipts/Contact Revenue Billed, O&M Charges etc.Considered/Noted0474800047480001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******TCIL MBL JV******Enterprises-Participation InterestAny other transactionReimbursement of expenses/Payments/ReceiptsConsidered/Noted100010685000106850001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******Mr. Anjanee Kumar Lakhotia******Key Management PersonnelAny other transactionAdvance towards Promoter's Contribution/AdvancesConsidered/Noted10900080909000808000001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******Mr. Anjanee Kumar Lakhotia******Key Management PersonnelAny other transactionDirector's RemunerationConsidered/Noted12250000001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******MSP Infrastructures Limited******Wholly Owned SubsidiaryAny other transactionPayments/Receipt (Net)Considered/Noted041700000417000001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Projects Ltd.******MSP Infrastructures Limited******Wholly Owned SubsidiaryAny other transactionPayments/Receipt (Net)Considered/Noted60000052550000531500001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Projects Ltd.******MBL A Capital Ltd.******Enterprises owned or siginficantley influenced by key management personnel or relativesAny other transactionAcquisition of Shares of SPV of Company, MSP Infrastructures LtdConsidered/Noted2500000025000001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Projects Ltd.******MBL (MP) Road Nirman Co. Ltd.******Wholly Owned SubsidiaryAny other transactionPayments/Receipt (Net)Considered/Noted2500001950004450001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.STI Infrastructure Ltd.******MBL Projects Ltd.******Wholly Owned SubsidiaryAny other transactionPayments/Receipt (Net)Considered/Noted49500004950001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******SMH Infrastructure Pvt. Ltd.******Enterprises owned or siginficantley influenced by key management personnel or relativesAny other transactionAdvance towards Promoter's ContributionConsidered/Noted200000002000000001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******MLSMHLLP******Enterprises owned or siginficantley influenced by key management personnel or relativesAny other transactionPromoter's Contribution towards subscription of Equity Shares (since allotted in terms of approved Resolution Plan)Considered/Noted190000000190000001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******Gokul Sales Pvt. Ltd.******Enterprises owned or siginficantley influenced by key management personnel or relativesAny other transactionPromoter's Contribution towards subscription of Equity Shares (since allotted in terms of approved Resolution Plan)Considered/Noted150000000001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Infrastructure Ltd.******SMH Infrastructure Pvt. Ltd.******Enterprises owned or siginficantley influenced by key management personnel or relativesAny other transactionPromoter's Contribution towards subscription of Equity Shares (since allotted in terms of approved Resolution Plan)Considered/Noted150000000001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.AAP Infrastructures Ltd.******MBL Projects Ltd.******Fellow SubsidiaryAny other transactionPayments/Receipt (Net)Considered/Noted18755000867700001055250001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.MBL Highway Development Company Ltd.******MBL Projects Ltd.******Fellow SubsidiaryAny other transactionPayments/Receipt (Net)Considered/Noted03030003030001. Related Party transactions have been approved by Audit Committee, Board & Shareholders of the Company and in terms of the approved Resolution Plan under IBC, 2016, as the case may be. 2. The transactions with the related parties are made on terms equivalent to those that prevail for arm's length transactions. The assessment is undertaken each financial year through examining the financial position of the related party and in the market in which the related party operates. Outstanding balances are unsecured and will be settled in cash. 3. All transactions from related parties are made in ordinary course of business. For the quarter and year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amounts owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates. 4. Post-employment benefits, etc. includes provision for leave, gratuity and other post-retirement benefits, which cannot be separately identified from the composite amount advised by the actuary.721925000AuditedtrueS A R C & Associatestrue2028-12-31