Outcome of Board Meeting

2nd November, 2026 Listing Department, National Stock Exchange of India Limited Exchange Plaza, C-1 Block-G Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Symbol: HECPROJECT Dear Sir, Sub: Outcome of Board Meeting and Submission of Unaudited Financial Results (Standalone and Consolidated) & Limited Review Report for the quarter ended on 30th September, 2026 We refer to our letter dated 22nd October, 2026 informing the date of Meeting of the Board of Directors of the Company. Please note that the Board of Directors in their meeting held today have taken on record the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended on 30th September, 2026. We are enclosing herewith copy of the said Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30th September, 2026 along with Limited Review Report thereon. The Board Meeting commenced at 3.00 pm and concluded at 3.45 p.m. This is as per Regulation - 33 and other applicable provisions of the SEBI (LODR) Regulations, 2015. Thanking you. Yours faithfully, for HEC INFRA PROJECTS LIMITED KHUSHI BHATT COMPANY SECRETARY M. NO: A51011 Encl: As above. Inde.pendent Auditor's Review Report On consolidated unaudited financial results of HEC Infra Projects Limited for the quarter ended 30th September 2026 pursuant to the Regulation 33 and Regulation 52 of the SEDI (Listing Obligations and Disclosure Requirements) Regulations, 2015 TO THE BOARD OF DIRECTORS OF HEC INFRA PROJECTS LIMITED We have reviewed the accompanying statement of Consolidated Unaudited Financial Results of HEC Infra Projects Limited (" the Holding Company") and its subsidiary (the Holding Company and its subsidiary together referred to as "the Group") for the quarter ended 30th September, 2026 (" the Statement"), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation , 2015, as amended (the "Listing Regulations"). This Statement, which is the re ponsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (Ind AS) 34, 'Interim FinanciaJ Reporting', prescribed under ection 133 of the Companies Act, 2013, as amended. read with relevant rules i sued thereunder and other accounting principles generally accepted in India. Our responsibility is to e press a conclu ion on the Statement based on Our review. We conducted our review of the Stat.ement in accordance with the Standard on Review Engagements (SRE) 241 D, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India, A review of interim financial informat.ion consists of making inquiries, primarily of persons responsible for financiaJ and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matter that might be identified in an audit. Accordingly, we do not express an audit opinion. We aJso performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, to the extent applicable. The Statement includes the results of the entities listed in the Annexure to this report. Based on our review conducted and procedures performed as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ded, including the manner in which it is to be disclosed, or that it contains any mater' ~!iliQa,n&u ---------- 1105, Shllp zaveri, G info@kdnassociates.com GST No' 24AAMFK6291M1z.a Nr Shyamal Cross Roads, ~ www.kdnassociates com PAN AAMFK6291. M. .. Salelhle, Ahmedabad 380015 ~ +91 98255 00239 107946005604 FR N 13'655'\1\1 "0069" Other Matter The Statement includes the interim financial results of one subsidiary, Shivam Grid Solutions Private Limited, which have not been audited or reviewed by us or by any other auditor, and which reflect total revenues of ~ Nil, total net profit after tax of ~ Nil and total comprehensive income of ~ il for the quarter ended 30th September, 2026, as considered in the Statement. These interim financial results have been approved and furnished to us by the management, and our conclusion on the Statement, in so far as it relates to the affairs of this subsidiary, is based solely on such unaudited and unreviewed interim financial results. According to the information and explanations given to us by the management, these interim financial results are not material to the Group. Our conclusion on the Statement is not modified in respect of this matter. For KDN & Associates LLP (Kuoal Shah) Place: Ahmedabad Partoer Date: 0211112026 M.N.135691 F.R.N. 131655WIWI00691 UDIN: 261356911UYRS05291 Annexure to the Independent Auditor's Review Report List of entitie included in the Statement of Consolidated Unaudited Financial Results for the quarter ended 30th September. 2026 Holding Company: I. HEC Infra Projects Limited Subsidiary: I. Shivam Grid olution Private Limited HEC INFRA PROJECTS LIMITED CIN: L45200GJ2005PLC046870 Registered Office: Sigma-1 Corporates, Corporate House No.6, Sidhubhavan Road, Nr. Mann Party Plot Cross Road, Bodakdev, Ahmedabad-380054, Gujarat. Phone: 079-40086771/74 Email: elect@hecproject.com , www.hecprojects.in STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED ON 30TH SEPTEMBER, 2026 (Rs. in Lakhs Except Earnings Per Share Data) CONSOLIDATED Quarter Ended Half Year Ended Year Ended Sr.No. Particulars 01.07.2026 01.04.2026 01.07.2025 01.04.2026 01.04.2025 01.04.2025 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited (I) Revenue from Operations 4 ,363.56 3,111.56 4 ,049.87 7 ,475.12 6 ,840.60 17,649.11 (II) Other Income 2 4.84 2 8.71 3 2.45 5 3.55 3 3.09 1 53.99 (III) Total Income (I+II) 4 ,388.40 3 ,140.27 4 ,082.33 7 ,528.66 6 ,873.69 1 7,803.10 (IV) Expenses Project Expenses: Cost of Material Consumed 2 ,599.43 1 ,481.15 2 ,922.89 4 ,080.58 4 ,316.50 1 3,067.81 Changes in inventories of finished goods, work-in-progress and stock-in-trade 4 19.76 6 72.65 ( 142.65) 1 ,092.41 ( 672.01) ( 3,206.41) Other Project Expenses 7 15.02 5 38.80 7 66.63 1 ,253.82 2 ,316.56 5 ,176.34 Employee Benefits Expenses 1 58.68 1 24.53 1 28.58 2 83.21 2 25.07 4 36.52 Finance Costs 1 56.95 1 41.68 8 8.10 2 98.63 1 60.70 3 93.52 Depreciation and Amortization Expense 3 .83 3 .65 ( 6.87) 7 .48 7 .29 1 4.70 Other Expenses 2 9.59 2 1.28 2 0.98 5 0.87 4 0.72 1 59.31 Total expenses (iv) 4,083.26 2 ,983.74 3 ,777.67 7 ,067.00 6 ,394.83 1 6,041.80 (V) Profit/(loss) before Exceptional items and Tax (III- IV) 3 05.13 1 56.53 3 04.65 4 61.67 4 78.86 1 ,761.30 (VI) Exceptional Items - - - - - - (VII) Profit/(loss) before Tax(V+VI) 3 05.13 1 56.53 3 04.65 4 61.67 4 78.86 1 ,761.30 (VIII) Tax expense: Current tax 7 2.83 4 0.73 7 3.00 1 13.56 1 16.83 4 37.87 Deferred tax 8 .13 (20.93) 8 .50 (12.80) 5 .74 4 .81 Provision for taxes related to earlier periods - - - - - 5 8.45 Total tax expenses 80.96 19.80 81.49 100.76 122.58 501.13 (IX) Profit (Loss) for the period from Continuing Operations (VII-VIII) 224.17 136.73 223.16 360.91 356.29 1,260.18 (X) Profit/(loss) from Discontinued Operations - - - - - - [Showing first 8,000 characters — download PDF for full document]