Outcome of Board Meeting

Date: 11" 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 2™ August, 2025 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 2m August, 2025 which commenced at 03:30 p.m. and concluded at 04:00 p.m. inter - alia approved the Un- Audited Revised Consolidated Financial Statements of the Company for the quarter ended 30™ June, 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 Registered Office: Floor 3rd, Plot - 3/8, Hamilton House, J. N. Heredia Marg, Ballard Estate, Mumbai - 400 038. Maharashtra, India; Telephone: +91-22-2270 5562 E-Mail: investors@gammonindia.com ; Website: www.gammonindia.com CIN: L74999MH1922PLC000997 REVISED STATEMENTS OF CONSOLIDATED UNAUDITED RESULTS FOR THE QUARTER ENDED JUNE 30, 2024 o Quarter Ended Year Ended No [Particulars 31-Mar24 31-Mar-24 Unaudited Audited 1 [income (a) Revenue from Operations. 7.26 2458 14.83 7174 (b) Other Income 0.55 9353 136 147.07 Total Income 7.81 1811 16.19 218.81 2 [Expenses (a) Costof Sales 212 9.42 676 41.00 () Changes ninventores offnished goods, workin progress and stock| - - - - in-trade (c) Subcontracting Expenses 081 118 3.04 662 (d) Employee benefits expense 179 243 219 877 (e) Finance Costs 287.58 275.03 275.64 1,129.29 (f) Depreciation & amortization 0.52 050 0.47 186 (8) Other expenses 37.16 59113 19.93 60017 Total Expenses 329.98 879.69 308.03 1,787.71 3 |Profit/(Loss) before exceptional items and tax (322.17) (761.58) (291.84) (1,568.90)| 4 [Exceptional items Income / (Expense) 6.51 - (15.00) (15.00) 5 [Profit / (loss) before share of (profit)/loss of associates and joint (315.66) (761.58) (306.84)| (1,583.90) ventures and tax 6 [Share of profit / (loss) of associates and joint ventures - 0.86 - 0.86 7 |Profit / (Loss) before tax (315.66) (760.72) (306.84)| (1,583.09) 8 [Tax expenses Current Tax - - - - Excess / Short Provision of Earlier years - 38427 - 384.27 Deferred Tax Liability/ (asset) 016 074 024 125 Total tax expenses 016 385.01 022 385.52 9 |Profit/ (Loss) after tax for the period (315.82) (1,145.73)| (307.08) (1,968.56)| 10 [Other Comprehensive Income: Items that will not be reclassified to profit or loss: - Remeasurements of the defined benefit plans [net of tax] 0.05 0.02 0.02 (0.12)) - Net gainy/ (loss) on fair value of equity instruments through OCI (a.21) - (114.50) (114.50) Items that will be reclassified to profit or loss - Exchange differences through OCI 3331 232 21.26 (33.56) Other Comprehensive Income for the year 29.15 4234 (93.22)] (148.17) 11 [Total Comprehensive Income / (Loss) For The Period (286.67) (1,03.38) (40030)| (2,116.73) 12 [Profit/ (Loss) for the year attributable to: - Owners of the Company (315.93)| (1,157.04) (300.10)[ (1,965.38) - Non- Controlling interest 011 1131 (6.98) (3.18) 13 |Other Comprehensive Income attributable to: - Owners of the Company 29.15 4233 (93.22) (148.18) - Non- Controlling interest - 0.01 - 001 14 [Total Comprehensive Income attributable to: - Owners of the Company (28678) (1,114.69) (39332) (2113.56) - Non- Controlling interest 011 1131 (6.98) (3.17) 15 \gs per equity share Basic/ Dilutive (Rs.) ( before exceptional) (839) (3137) (854) (53.69) Basic/ Dilutive (Rs.) after exceptional) (8.57) (31.37) (8.14) (53.28) See accompanying notes to the financial results SANDEEP Digitally signed by Stamped for Identification RASI KLAL SANDEEP RASIKLAL SHETH SHETH #Da 0t 5e: 3 02 025.08.02 16:00:16 NUZHAT Notes: 1. The above revised unaudited Consolidated Financial Results for the quarter ended June 30, 2024 were reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on August 2, 2025. These financial results are revised due to a clerical error in linking the “Net gain/ (loss) on fair value of equity instruments through OCI”. The line item was wrongly linked due to which figure of Net gain/ (loss) on fair value of equity instruments through OCl for the quarter ended June 30, 2024 was shown as Rs 13.78 Crore instead of Rs (4.21) Crore. This error has been rectified in these financial results . The Statutory Auditors of the Company have carried out limited review of the revised unaudited consolidated financial results and have issued their modified conclusion thereon. Revised Results for the quarter ended June 30, 2024 have been prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rule, 2015 and Companies (Indian Accounting Standards) Amendment Rule, 2016. The figures for the quarter ended March 2024 are derived from the audited figures of the twelve months period ended March 31,2024 and the published year to date figures up to December 31,2023 which were subjected to limited review by the statutory auditors The auditors have qualified their report in respect of the following matters — a) The Company had evaluated its claims in respect of on-going, completed and/or terminated contracts in the earlier periods which amount to Rs. 30.00 crore as at June 30, 2024 with the help of an independent expert in the field of claims and arbitration who had assessed the likely amount of claims being settled in favour of the Company. The management contends that there is no change in position during the year and the same are due to them and they have a very good chance of realisation b) During the quarter ended June 30, 2024 some of the lenders have levied penal interest and charges on the Holding Company’s banking facilities of Rs 34.84 Crores. Cumulative amount of such penal interest and charges amounts to Rs. 713.50 Crores up to June 30, 2024. The management is disputing the same and has not accepted the debit of excess penal interest and charges in its books. They have also requested the lenders to reverse the same. In the resolution plan which is approved by two lenders, this amount is likely to be reversed, and the resolution plan does not consider the Company liability to pay this. 7. In furtherance to the recommendation of the Dispute Resolution Board (DRB) and Arbitration Awards in the Company’s favour, the Company has recognized income to the extent of Rs.286.20 Crore in the previous years, which is part of Non Current Trade Receivable. The Company contends that such awards have reached finality for the determination of the amounts of such claims and are reasonably confident of recovery of such claims although the client has moved the court to set aside the awards. Considering the fact that the Company has received favorable awards from the DRB and the Arbitration Tribunal, the management is reasonably certain that the awards will get favorable verdict from the courts. 8. The auditors of one subsidiary Ansaldo Caldaie Boilers India Limited (ACBI) of the Company have qualified their limited review report which is being replicated by the Group auditor as follows c) The Company has received [Showing first 8,000 characters — download PDF for full document]