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 14™ November, 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 14" November, 2025 which commenced at 04:15 p.m. and concluded at 05:00 p.m. inter - alia approved the Un-Audited revised Consolidated Financial Statements of the Company for the quarter ended 30" June, 2025; 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 GAMMON INDIA LIVTED CIN:L74999MH1922PLC000997 STATEMENT OF REVISED CONSOLIDATED UNAUDITED RESULTS FOR THE QUARTER ENDED JUNE 30, 2025 N N {=in Crore)| st [Particulars Quarter Ended Year Ended No 30Jun25 | 31Mar25 | 304un2d | 31Mar2s Unaudited | Unaudited | Unaudited Audited 1 [income (a) Revenue from Operations .46 4861 726 67.89 (b) Other income 32679 3023 055 3190 Total Income 12825 7884 781 99.88 2 [Expenses (a) Costof sates 048 5.36 212 1038 (b Changes in Real estate (ventory - 45.01 - 5,01 () Subcontracting Expenses 017 108 0.81 .45 (d) Employee benefits exgense 145 182 179 730 (e} Finance Costs 317.60 306.39 28758 1,193.83 () Depreciation & amortization 044 0.56 052 211 ig) Other expenses 165 (82.71) 37.16 6268 Total Expenses 32179 277.51 32998 132576 3 |Profit/[Loss) before exceptional items and tax (193.54)| {198.67)] (2217)| (1225.89) 4 |exceptional items (Income} / Expense - 224 651 @27) 5 |Profit / {loss) before share of {profit)/loss of associates and joint {193.50)| (202.91) (315.66) (1,223.61) [ventures and tax 6 [share of profit / (oss) of associates and joint ventures - 10.08) - (0.08) 7 [Profit/ {Loss) before tax (193.5) (202.99) (31556)] (1,223.69) 8 [Taxexpenses Current Tax - - - - {Excess) / Short Provision of Earlier years - 004 - 0.01 Deferred Tax Liability / (asset) 009 (3183) 016 (31.39) Total tax expenses 0.09 (31.79) 016 (31.35) 9 |Profit after tax for the period (193.63) 171.20) @582 (1,19239) 10 |Other Comprehensive ncome: Items that will not be reclassified to profit o loss: - Remeasurements of the defined benefis plans [net of tax it any) 004 (©.03] 0.05 0.03 - Net gain/ (loss) on fair value of equity instruments through OCI inet of tax 624 (5.27) (a.21) 851 ifany} tems that will be reclassified to profitor loss . - Exchange differences through OCI (151.06) (127.10) 3331 (7587} Other Comprehensive Income for the year (144.78) (122.30) 29.15 (67.23)| 11 {Total Comprehensive Income / (Loss) For The Period (338.41) (293.50) (286.67)] (1,259.57) 12 |Profit for the year attributable to: - Owmers of the Company (193.43) (164.22) (1593 (1,185.31) - Na- Controlling interest (0.20) (6.98) 011 (.03) 13 |Other Comprehensive Income attributable to: - Owners of the Company (144.78) (122.30) 29.15 (67.23) - Non- Contralling interest (0.00) {0.00) - (0.00) 14 |Total Comprehensive Income attributable to: - Ourners of the Company {338.22) (286.52) (286.78) (1,252.54) - Non- Controiling interest (0.20) (6.98) 011 (7.03) 15 |Paid up Equity Share Capltal { Face Value % 2 per Equity share ) 7411 7411 7411 7411 16 [Other Equity (11,608.03} 17 {Earings per equity share Basic & Dilutive (Rs.} ( before exceptional) 15.24) (a3} (6.39) (32.20) Basic & Dilutive (Rs) {after exceptional} (5.24) (a.45)) (8.57) (32.34) See accompanying notes to the financial results Notes: 1. The above revised unaudited Consolidated Financial Results for the quarter ended June 30, 2025 were reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on November 14, 2025. 2. These financial results are to be read as revised financial results for the quarter ended June 30, 2025, the same is revised on account of incorrect and inadvertent classification of exchange gain of the Group Company transactions amounting to Rs 126.28 Crore which was linked to Exchange Gain in Consolidated Statement of Profit and Loss in Other income instead of foreign currency translation reserve in Statement of changes in Equity. This classification is being corrected in these revised results. However, there is no impact on the overall Other Equity of the group due to this reclassification as at June 30, 2025. 3. The Statutory Auditors of the Company have carried out limited review of the unaudited standalone financial results and have issued their modified conclusion thereon 4. Results for the quarter ended June 30, 2025 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. 5. The figures for the quarter ended March 31, 2025 are derived from the audited figures of the twelve months period ended March 31, 2025 and the published year to date figures up to December 31, 2024 which were subjected to limited review by the statutory auditors 6. 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, 2025 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 June 30, 2025 some of the lenders have levied penal interest and charges on the Holding Company's banking facilities of Rs 27.10 Crores {based on availability of Loan statements). Cumulative amount of such penal interest and charges amounts to Rs. 830.74 Crores (based on availability of Loan statements) up to June 30, 2025. 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, 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. 433.64 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 ce [Showing first 8,000 characters — download PDF for full document]