Outcome of Board Meeting

Date: 10™ December, 2025 To, To, The Listing Department, The Listing Department, National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot No. C/1, G Block, Rotunda Building, Bandra - Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai - 400 051 Dalal Street, Mumbai - 400 001 NSE Code: GAMMONIND BSE Code: 509550 Dear Sir/ Madam, Sub: Outcome of Board Meeting held on 28" October, 2024 pursuant to Regulation 33 of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 33 of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, you are hereby informed that the Board of Directors (“Board”) of the Company at its meeting held on 28" October, 2024 which commenced at 4:00 pm and concluded at 5:00 pm inter- alia approved of the Audited Standalone and Consolidated Financial Statements of the Company for the quarter and year ended 31° March, 2024; The aforesaid Financial Results duly reviewed by the Audit Committee, have been approved and taken on record by the Board of Directors together with the Limited Review Report of the Statutory Auditors and the same are placed on the http://www.gammonindia.com/investors/financial-results.htm. You are requested to take the above information on record. Thanking you, For, Gammon India Limited Vemparal Dakshinamurty Additional Director DIN No 00644561 Encl: As above GAMMON INDIA LIMITED CIN:L74999MH1922PLC000997 Statement of Standalone Assets and Liabilities as at March 31, 2024 (Xin Crore))| Particulars Audited As at AsatMarch31, | AsatMarch31, 2024 2023 ASSETS NON-CURRENT ASSETS (a) Property, plant and equipment 405.21 405.17 (b) Capital work-in-progress - - (c) Financial assets - - (i) Investments 3885 4467 (i) Trade receivable 503.42 36075 (iii) Loans 82.91 19654 (iv) Others 2263 2391 (d) Deferred tax assets (net) - - (e) Other non-current assets 47.70 1,117.26 TOTAL NON-CURRENT ASSETS 1,100.72 2,148.30 CURRENT ASSETS (a) Inventories 661 10.97 (b) Financial assets - - (i) Investments 003 003 (i) Trade receivables 435 583 (iil) Cash and cash equivalents 000 000 (iv) Bank balances 191 156 V) Loans 005 011 (vi) Others 641 3075 (c) Current tax assets (net) - - (d) Other current assets 2021 6565 TOTAL CURRENT ASSETS 39.57 114.90 TOTAL ASSETS 1,140.29 2,263.20 EQUITY AND LIABILITIES EQUITY (a) Equity share capital 7411 74.11 (b) Other equity (9,570.45) (7,607.31) TOTAL EQUITY (9,496.34) (7,533.20)| LIABILITIES NON-CURRENT LIABILITIES (a) Financial liabilities (i) Borrowings - - (ii) Trade payables - Total outstanding dues to Micro and Small Enterprises - - - Total outstanding dues to other than Micro and Small Enterprises 353 11.70 (iii) Other financial liabilities 12.00 12.00 (b) Provisions 092 075 (c) Deferred tax liabilities (net) 9413 9279 (d) Other non-current liabilities 43.94 6733 TOTAL NON-CURRENT LIABILITIES 154.52 184.57 CURRENT LIABILITIES (a) Financial liabilities (i) Borrowings - - (i) Trade payables - - - Total outstanding dues to Micro and Small Enterprises 029 029 - Total outstanding dues to other than Micro and Small Enterprises 5817 9251 (iii) Other financial liabilities 9,929.03 8,997.77 (b) Other current liabilties 619 3280 (c) Provisions 483.43 488.46 (d) Current tax liabilities (net) - - TOTAL CURRENT LIABILITIES 10,482.11 9,611.83 SANDEE TOTAL EQUITY AND LIABILITIES 1,140.29 2,263.20 Digitally signed by SANDEEP RASIKLAL SHETH Digtally signed by NUZHAT MOHAMMED KHAN RASIKLA Date; 2024.1028 Date: 20241028 18:17:40 +05'30° 16:47:23 405'30" L SHETH STAMPED FOR IDENTIFICATION GAMMON INDIA LIMITED CIN:L74999MH1922PLC0O00997 @ Statement of Standalone Financial Results for the Quarter and Year Ended March 31, 2024 (Xin Crore ) sr. Particulars Quarter ended Year ended No. 31-Mar-24 | 31-Dec-23 | 31-Mar-23 | 31-Mar-24 31-Mar-23 Reviewed Reviewed Reviewed Audited Audited I [income a) Revenue from Operations : 20.40 414 72.73 39.25 101.48 b) Other Income 46.58 0.52 0.95 49.10 21.96 Total Income (a+b) 66.98 4.66 73.69 88.35 123.44 Il |Expenses a) Cost of material consumed 5.78 130 297 13.14 16.41 b) Changes in WIP & FG - - 21.95 21.95 c) Subcontracting Expenses 118 105 229 6.62 8.99 d) Employee benefits expense 215 187 271 7.90 8.87 e) Finance Costs 239.44 23271 21153 916.65 813.29 f) Depreciation & amortization 049 042 043 178 214 g) Other expenses 584.26 12.32 98.63 605.64 150.97 Total Expenses 833.30 249.67 34051 1,551.73 1,022.62 Il [Profit/(Loss) before exceptional items and tax (766.32) (245.01) (266.83)| (1,463.38) (899.18) IV [Exceptional items (Income) / Expenses - - 393.82 114.01 652.46 V |Profit/ (Loss) before tax (766.32)| (245.01) (660.65)| (1,577.39) (1,551.63)| VI [Tax expenses Current Tax - - - Excess/ Short Provision of Earlier years 384.27 - - 38427 - Deferred Tax Liability / (asset) 0.72 0.21 (13.60) 134 (11.55) Total Tax expenses 384.99 021 (13.60) 385.61 (11.55) VIl |Profit/ (Loss) after tax for the period (1,151.31)| (245.22) (647.05) (1,963.00) (1,540.08) VIl (Other Comprehensive Income: Items that will not be reclassified to profit or loss ( net of Tax ) - Remeasurement gain/ (loss) on defined benefit plans [net of tax] (0.00) (0.05) (0.03) (0.13) (0.02) - Net gain/ (loss) on fair value of equity instruments through OCI - - - - Other Comprehensive Income: (0.00) (0.05) (0.03) (0.13) (0.02) IX [Total Comprehensive Income/ (Loss) For The Period / Year (1,151.31)| (245.27) (647.08) (1,963.13)| (1,540.10) X |Paid up Equity Share Capital ( Face Value X 2 per Equity share ) 74.11 74.11 XI |Other Equity (9,570.45) (7,607.31) XNl |Earnings per equity share Basic (Rs per share) (31.22)) (6.65) (17.54)| (53.22) (41.75) Diluted (Rs per share) (31.21)] (6.65) (17.54)| (53.22)] (41.75) See accompanying notes to the financial results Digitally signed by NUZHAT MOHAMMED KHAN Date: 2024.10.28 18:18:05 +05'30" STAMPED FOR IDENTIFICATION SAN DEEP Digitally signed by SANDEEP RASIKLA RASIKLAL SHETH Date: 2024.10.28 L SHETH 16.47:04 40530 GAMMON INDIA LIMITED @ CIN:L74999MH1922PLC000997 Standalone Cash Flow Results For the Year Ended 31 March 2024 (All Figures are in 2. in Crore unless otherwise stated) Particulars April to March 2024 April to March 2023 A CASH FLOW FROM OPERATING ACTIVITIES Net Profit Before Tax and Extraordinary Items. (1,577.39) (1,551.63)| Adjustments for : Depreciation 178 214 (Profit) / Loss on Sale of Assets - (5.58) Interest Expenses. 916.65 813.29 Provision for Doubtful Debts and Advances 258.45 2045 Provision fpr Contract Assets 17.56 - Provision for Risk & contingencies - 3636 Proviison of Investment - (0.03) Foreign Exchange Loss / (Gain) 1348 37.47 Interest Income (0.47) (10.28) Bad Debts 19.64 3.00 Exceptional Items 114.01 652.46 Contract Asset Write off 281.79 10.85 Impairment of Investment 5.82 - Loss on recognition of Award - 2136 Sundry Balances Written off - 4.68 Sundry Balances Written Back (43.49) (2.38) Operating Profit Before Working Capital Changes 7.83 3216 Trade and Other Financial Receivables (20.61) (53.37) Inventories 436 (0.21) Trade Payables and Provision 0.02 (2.45) Other Financials and Non Financial Assets 834 12.54 Other financial liabilities 154 5.86 Other non-financial liabilities 118 (1.26) CASH GENERATED FROM THE OPERATIONS 2.66 (6.73) Direct Taxes Paid / (Refund) 0.66 091 Net Cash from Operating Activities 2.00 (7.64) B CASH FLOW FROM INVESTMENT ACTIVITIES Proceeds from Sales PPE (1.78) 178 Investment 0.00 0.00 Other Bank Balance (0.35), 8.70 Interest Received 014 0.86 Net Cash from Investment Activities (1.99) 11.34 C CASH FLOW FROM FINANCING ACTIVITIES Interest paid (0.01) (0.36) Net proceeds from Short term Borrowings 0.00 (3.35) Net Cash from Financing Activities (0.01) (3.71) NET INCREASE IN CASH AND CASH EQUIVALENTS 0.00 (0.01) Opening Balance 0.00 0.01 Closing Balance 0.00 0.00 NET INCREASE IN CASH AND CASH EQUIVALENTS 0.00 (0.01) SANDEEP SANGELS ASHLAL s Date: 2024.10.28 18:18:33 +05'30° Date: 2024.10.28 16:45:42 [Showing first 8,000 characters — download PDF for full document]