A2Z Infra Engineering Ltd

Financial results and audit

• Unaudited standalone and consolidated Q1 2026 results approved; quarter ended June 30, 2026.
• Net loss for quarter: Rs 23.77 lakhs; accumulated losses: Rs 1,07,683.55 lakhs.
• Net exceptional gain for quarter: Rs 527.79 lakhs.
• Auditors issued disclaimer of conclusion on results due to going concern and NPAs.
• Arbitral disputes with sugar mills; final outcome unascertainable; Rs 7,234.73 lakhs awarded earlier.

Regulatory and governance disclosures

• Going concern uncertainty highlighted; lenders' settlement discussions; DRT/NCLT filings noted.
• EOW/ACB investigation into subsidiary contracts; non-executive director bailed; matter unresolved.

Meeting Details

• Date: August 12, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and take on record unaudited standalone and consolidated financial results for Q1 ended June 30, 2026.

Other Notes

• Trading window will remain closed for persons and their immediate relatives until 48 hours after results are approved.

Dematerialisation status

• No physical share certificates were received for dematerialisation during the period.
• No dematerialisation requests were received during the period.

Financial performance

• Standalone turnover/total income for year 2026: Rs 11,656.93 lakhs.
• Standalone total expenditure: Rs 12,094.23 lakhs.
• Standalone net loss after tax: Rs 279.25 lakhs.
• Standalone EPS (basic/diluted): Rs -0.16.
• Consolidated total income: Rs 40,273.82 lakhs.
• Board approved the results on July 14, 2026.

Auditor's opinion & going concern

• Independent auditor's report on standalone results contains a disclaimer of opinion.
• Consolidated results also subject to disclaimer of opinion.
• Management notes potential going concern issues; audit evidence insufficient to confirm.
• Material uncertainty exists for Tanzania branch's going concern status.

Liquidity & balance sheet indicators

• Accumulated losses: Rs 1,07,659.78 lakhs; current liabilities exceed assets by Rs 6,491.75 lakhs.
• Banks' borrowings classified as NPAs; unaccrued interest totaling Rs 3,935.93 lakhs as of Mar 31, 2026.
• Unrealised receivables and ongoing lender settlements; one-time settlements pursued with lenders.

Legal update

• Amit Mittal, MD & CEO of A2Z Infra, released on bail by Chhattisgarh HC on 03 July 2026.
• Order notes no independent material showing he directed illegal payments, forged documents, or cash transactions.
• Investigation concluded; he was not named in FIR.
• Operational control of the company appears to have been exercised by Mr. N. Uday.
• Bail order states custodial detention would not serve any useful purpose.
• No recovery remains to be effected from him.
• He is Non-Executive Director of A2Z Infraservices Ltd, the company's material subsidiary.

Rescheduled meeting details

• Board meeting moved from July 3, 2026 to July 14, 2026.
• Reason: non-availability of a few directors.
• Agenda: consider and approve Audited Standalone and Consolidated Financial Results for Q4 and FY ended March 31, 2026.
• Trading window remains closed for designated persons and their immediate relatives until 48 hours after Q1 results declaration.