Outcome of Board Meeting

Reliance Infrastructure Limited CIN : L75100MH1929PLC001530 Tel: +91 22 4303 1000 Regd. Office: www.rinfra.com Reliance Centre, Ground Floor, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai 400 001 August 14, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Dalal Street, Fort, Plot No. C/1, G Block, Bandra Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 BSE Scrip Code: 500390 NSE Scrip Symbol: RELINFRA Dear Sir(s), Sub: Outcome of Board Meeting Further to our letter dated August 11, 2026 and pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), we enclose herewith the Statement of Unaudited Financial Results (both Consolidated and Standalone) for the quarter ended June 30, 2026 of the Financial Year 2026-27 along with the Limited Review Reports by the Statutory Auditors of the Company. The above financial results were approved by the Board of Directors at its meeting held today, on August 14, 2026. The summary of the Financial Results will be published in the Newspapers as required under the Listing Regulations. The meeting of the Board of Directors of the Company commenced at 3.35 P.M. and concluded at 5.20 P.M. Kindly take the same on record. Yours faithfully, For Reliance Infrastructure Limited Paresh Rathod Company Secretary Encl: As above PARESH RAKESH ASSOCIATES LLP Chartered Accountants Independent Auditors' Review Report on the Quarterly Unaudited Consolidated Financial Results of Reliance Infrastructure Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to, The Board of Directors, Reliance Infrastructure Limited 1. We were engaged to review the accompanying Statement of Unaudited Consolidated Financial Results of Reliance Infrastructure Limited ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as the 'Group'), and its share of net profit/(loss) after tax and total comprehensive income/(loss) of its associates and joint venture for the quarter ended June 30, 2026 ("the Statement"), being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (the "Listing Regulations"). 2. This Statement is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors in their meeting held on August 14, 2026, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standards 34, (Ind AS 34) "Interim Financial Reporting" prescribed under section 133 of the Companies Act, 2013 as amended, ("the Act") read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. 3. Our responsibility is to express a conclusion on the Statement based on our review. However, because of the matter described in paragraph 4, 5 and 6 below, we were not able to obtain sufficient appropriate evidence to provide a basis of our conclusion on this Statement. 4. We refer to Note 11 to the Statement regarding the Holding Company's exposure to the Economic Rights of shareholding in Odisha Discoms and in shares and securities in certain unlisted entities having aggregate carrying value of Rs. 4,705.74 Crore as at June 30, 2026, acquired by the Holding Company pursuant to Consent Terms/Settlement Agreement in the earlier year. We were unable to determine the overall recovery of the aforesaid Economic Rights. Accordingly, we are unable to determine the consequential implications arising therefrom in the statement. 5. We refer to Note 14 to the statement regarding the various ongoing proceedings by the Enforcement Directorate (ED), Central Bureau of lnvestigations (CBl), the Show Cause Notice (SCN) issued by the Securities and Exchange Board of India (SEBI), notice from the Serious Fraud Investigation Office (SFIO) and filing of ADT4 under section 143(12) of the Companies Act, 2013 and relevant rules, with MCA by erstwhile Statutory Auditor, which are challenged by the Holding Company at appropriate Forums. The outcome of the proceedings are presently uncertain and cannot be determined at this stage. Accordingly, we are unable to determine the consequential implications arising there from in the statement. 6. We refer to Note S{a) to the Statement regarding Mwnbai Metro One Private Limited ('MMOPL'), a subsidiary of the Holding Company. The auditor of MMOPL has modified their review conclusion on MMOPL's standalone unaudited financial results for the quarter ended June 30, 2026, on the following basis: MMOPL's net worth is eroded and its current liabilities exceed its current assets as at the period-end; MMOPL incurred a loss of Rs. 192.45 crore for the quarter ended June 30, 2026 and has an aggregate loss of Rs. 5,368.63 crore till date; MMOPL executed a Master Restructuring Agreement with National Asset Reconstruction Company Limited on July 9, 2026 for restructuring of its Indian Rupee assigned debts, but implementation remains pending in the absence of the requisite approval of the ECB Lender, India Infrastructure Finance Company (UK) Limited, to the terms and conditions of restructuring; and the appropriateness of the going concern assumption is critically dependent on MMOPL 's ability to restructure its existing Indian and ECB loans, raise finance, and generate future c s to ' meet its obligations. MMOPL's auditor has accordingly concluded that this situation indicates a ma m~ ,if- 00.,: ~ Chartered ~ ( ~ Accountants ,r..-. o-- b 103, Namrata CHS, Bldg no. 15, Shashtri Nagar, Link Road, Goregaon (West), Mumbai-4 mbg.\ Ph.no: +91-22-40120331 / +91 ·9867564075 Email: mail@pareshrakesh.in that may cast significant doubt on MMOPL 's ability to continue as a going concern, and has modified their review conclusion on this basis. This has been referred by MMOPL auditors in their Limited review report. 7. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity' issued by Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consist of making inquiries, primarily of the personnel responsible for financial 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 specified under section 143(10) of the Companies Act, 2013 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. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended to the extent applicable. 8. The Statement includes the results of the following entities: A. Subsidiaries (Including step-down subsidiaries) Sr.No. Name of the Comoanv I !Reliance Power Transmission Limited 2 Reliance Airport Develooers Limited 3 BSES Kerala Power Limited 4 Mumbai Metro One Private Limited 5 Reliance Energy Trading Limited 6 OS Toll Road Limited 7 NK Toll Road Limited 8 KM Toll Road Private Limited 9 PS Toll Road Private Limited 10 HK Toll Road Private Limited (Upto June 11. 2026) 11 GF Toll Road Private Limited(Upto Februarv 23, 2026) 12 "BO Tower Private Limited 13 Reliance Enemv Limit [Showing first 8,000 characters — download PDF for full document]