Outcome of Board Meeting

Date: 13" February, 2026 The National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5 Floor, 1% Floor, New Trading Ring, Plot No. C/1, G Block, Rotunda Building, Bandra - Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Dalal Street, Mumbai - 400 051 Mum-b 40a0 0i01 NSE Code: GAMMONIND BSE Code: 509550 Dear Sir/Madam, Sub: Outcome of Board Meeting held on 13" February, 2026 pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pursuant to Regulation 30 and 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 13" February, 2026 which commenced at 03:49 p.m. and concluded at 04:59 p.m. inter - alia transacted the following business: (i) Approved the unaudited Standalone and Consolidated Financial Statements along with Limited Review Report of Independent Auditor of the Company for the quarter and nine months ended 31° December, 2025; The aforesaid Financial Results duly reviewed by the Audit Committee, that have been approved and taken on record by the Board of Directors together with the Limited Review Report of the Independent Auditor are placed on the website of the Company at http://www .gammonindia.com/investors/financial-results.htm and attached below as Annexure 1. (i) Upon the recommendation of the Nomination & Remuneration Committee, approved the re-appointment of Mr. Ajit Desai as the Chief Executive Officer w.e.f. 1% April, 2026 for a further period of one year. The details required under Regulation 30 of the SEBI Listing Regulations read with SEBI circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13" July, 2023 are given as per Annexure 2. You are requested to take the above information on record. Thanking you, For Gammon India Limited Roshni Sanjay 25 e Kapshiwal Sezsezismisw w530 Roshni Kapshiwal Company Secretary and compliance Officer Membership Number: A73894 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 N V C & Associates LLP Chartered Accountants 903-904, 9th Floor, Raheja Chambers, 213, Nariman Point, Mumbai 400 021. Tel.: (91-22) 6752 7100 Email : nve@nvc.in Independent Auditor's Limited Review Report on unaudited standalone financial results for the quarter and nine months ended December 31, 2025 of Gammon India Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 The Board of Directors Gammon India Limited, Mumbai. 1. We have reviewed the accompanying statement of unaudited standalone financial results (“Statement”) of Gammon India Limited (“the Company”) for the quarter and nine months ended December 31, 2025. This statement is being submitted by the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended (The Listing Regulations). 2. This Statement is the responsibility of the Company’s Management and has been approved by the Board of Directors. This Statemehnats been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (Ind-AS 34) prescribed under section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on this Statement based on our review. 3. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statement is free of material misstatements. A review of interim financial information consists of making inquiries, primarily of persons responsible for accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards of Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. We have not performed an audit and, accordingly, we do not express an audit opinion. 4. Basis of Qualified Conclusion a) We invite attention to note no. 4(a) financial results, where the Company has during the previous years 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 claims amounting to Rs. 30.00 crore as at December 31, 2025 as good and receivable. LLPIN - ACM-9656 Formerly Natvarlal Vepari & Co LLP [Converted from Natvarlal Vepari & Co. (a partnership firm with registration no. BA-86186) into LLP w.e.f.23-03-2025] N V C & Associates LLP Chartered Accountants 903-904, 9th Floor, Raheja Chambers, 213, Nariman Point, Mumbai 400 021. Tel.: (91-22) 6752 7100 Email : nve@nvc.in In respect of the above claims, due to prolonged elapse of time and non-crystallization of matter with the counterpart, we are unable to comment upon the amounts recognised, its realisation and the consequent effect on the financial results for the quarter and nine months ended Decembe3r1 2025. b) We invite attention to note no. 4(b) of the financial results relatintgo penal interest and charges of Rs 92.62 Cores (to the extent availability of loan statement) during the nine months ended December 31, 2025, charged byt he lenders on its facilities. Cumulative amount of such penal interest and charges amounts to Rs. 589.13 Crores (to the extent availability of loan statement) up to December 31,2025. In addition to above, a cumulative amount of Rs. 400.78 Crores pertaining to penal interest and charges has been levied by Asset Reconstruction company namely CFM Assets Reconstruction Company Private Limited (ARC). The said ARC has purchased the said debt from one of the existing Company’s lenders and on purchase of the debt has become the largest of the lenders. The ARC has considered the request of the Company to settle the amount with the principal amount outstanding and waive of penal interest and charges which is under consideration by their senior management. The management of the Company believes that this is a high possibility and is actively working to settle the same as detailed in the note. The above penal interest and charges have not been debited to profit and loss account as management is disputing the same and is in discussion with the lenders for reversal. The aggregate amount of such penal interest considered contingent and not accounted by the Company including the amount of possible settlement as detailed in the note works out to Rs. 989.91 Crores. In the absence of conclusion of the aforesaid discussion, we are unable to state whether any provision is requiretdo be made against such penal interest and charges which are considered as contingent liability. In coming to this conclusion, we have considered the letter received from the ARC about a possible settlement where the penal interest portion will be reversed. 5. Qualified Conclusion Except for the possible effects arising out of the matters mentioned in para 4(a) &4(b) of our Basis for Qualified Conclusion mentioned hereinabove, nothing has come to our attention that causes us to believe that the accompanying Statement p [Showing first 8,000 characters — download PDF for full document]