Updates

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 and nine months ended 31 December, 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 AND NINE MONTH ENDED DECEMBER 31, 2024 (%in Crore) o Quarter ended Nine Months ended Year Ended o |Particuars 31Dec2a | 305ep2a | 31Dec2s | 31Dec2a | 31Dec2s | 31Mar2a Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited T fincome (a) Revenue from Operations as8 704 1533 1928 4716 7178 (6) Other Income (Refer Note 13) (s1.22) 9248 5159 177 5354 1a7.07 Total Income (86.26) 99.09 6692 2105 100.70 21881 2 |expenses (@) Cost of sales 084 206 1008 502 3157 100 (6} Changes in inventories of finshed goods, workin progress and stock- - - - intrade 9 Subcontracting Expenses 146 111 105 338 541 652 (@) Employee benefits expense 181 187 207 548 634 877 (e) Finance Costs 30359 29627 29261 8744 ssa25| 112929 () Deprec&i aamorttiizaotinon os1 052 044 155 136 186 (g) Other expe(Renfers Noete s13) 137.05 (28.83) (66.58) 145.38 9.0 600,17 Total Expenses 245,26 273.00 23968 | 108825 50800 | 1,787.71 3 |Profit/(Loss) before exceptional items and tax (s31:50) amsy| @) (1,027.20) (80730 (1,568.90) 4 |Exceptional items Inc/ (oExpmensee) (0.00) (0.00) 651 (15.00) (15.00) 5 [Profit /( loss) before share of (profit)/loss of assaciates and joint E3150) sy @27e) (1,02069)] (82230) (1,583.90) |ventures and tax 6 [share of profit/ (loss) of associataensd joint ventures - - - - 086 7 |Profit/ (Loss) before tax =3150) s (27e) (1,02069)] (82230] (1,583.04) 8 [Tax expenses - Current Tax - - - - Excess / Short Provision of Earler years - - - 38027 Deferred Tax Liab/i (lastseyt) 015 o1 019 044 052 125 [Total tax expenses 0.15 o014 0.19 o1 052 385.52 9 |Profit/ (Loss) after tax for the period (53165) 765 (2.95) (1,021.13)] (82282 (1,968.56) 10 |Other Comprehensive Income: - Items that will not be reclassified to profit or loss: - | Remeasuremeonf tthse defined benefit plans [net of tax] o001 (0.00) (005) 005 (013) (011) | Net gain/ {loss) on fair value of equity instruments through OCI 17.99 - - 13.78 (114.50) (14.50) Items that will be reclassified to profit or loss - Exchange differences through OC! 15020 (146.28)| (37.16) 4123 (75.38) (33.56) |Other Comprehensive Income for the year 17220 (1a6.28) (137.21) 55.06 {15051 (148.17) 11 [Total Comprehensive Income / (Loss) For The Period (359.45) (19.93) (31016) (066.07) (1013.33)| (2,116.73)] 12 |Profit/ (Loss) for the year attributable to: - ~Ouneofr tshe Company (s31.66) (173.48)| (asosn| (1,021.08) (80833 (1,965.38) Non- Controlling interest o001 (017) (3.34) (005) (14.49) (3.18) 13 |Other Comprehensive Income attributable to: Owneofr tshe Company 17220 (146.28)| (137.21) 5506 (15051) (148.13)| Non- Controlling interest - 001 14 [Total Comprehensive Income attributable to: Owners of the Company (359.46) (319.76)| (306.50) (966.02)| (09884 (2,11356) Non- Controlling interest o001 (017) (3.34) (005) (14.49) .17) 15 |Earnings per equity share Basic/ Dilutive (Rs.) ( before exceptional) (14.41) (@70) (4.60) (271) (2232) (53.69) Basic/ Dilutive (Rs.) ( after exceptional) (14.41) 70) (4.60) (27.68) (2192) (53.28) See accompanying notes to the financial esults Stamped for Identification Digitally signed by SANDEEP SANDEEP RASIKLAL SHETH cisaa7 1053 15:58:37 +05'30" Notes: The above revised unaudited Consolidated Financial Results for the quarter and nine months ended December 31, 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 OCI for the quarter ended December 31, 2024 was shown as Rs Nil instead of Rs 17.99 Crore and for the nine months ended December 31, 2024 was shown as Rs. (4.21) Crores instead of Rs. 13.78 Crs. Further for the quarter ended September 30, 2024 was shown as Rs (17.99) Crore instead of Rs Nil. 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 and Nine Month ended December 31, 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 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 December 31, 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 year quarter ended December 31, 2024 some of the lenders have levied penal interest and charges on the Holding Company’s banking facilities of Rs 95.35 Crores. Cumulative amount of such penal interest and charges amounts to Rs. 774.02 Crores up to December 31, 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. 6. 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. 226.00 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 mov [Showing first 8,000 characters — download PDF for full document]