Gayatri Highways Ltd

Financial results and approval

• Unaudited standalone and consolidated results for Q1 FY2026 approved; Limited Review reports attached.
• Audit Committee reviewed on 13 Aug 2026; Board approved on same date.
• Ind AS-based results cover quarter ended 30 June 2026; standalone and consolidated figures.
• Results signed by Chairman and CEO on 13 Aug 2026.

Auditor resignation

• M/s PRSV & Co. LLP resigned as statutory auditors effective 13 Aug 2026.
• Resignation communicated with disclosures required under Regulation 30 attached.

Auditor qualifications and matters

• Independent auditor's reviews on both results contain qualifications.
• ZISL write-back to GPL with unresolved balance confirmations.
• Default on IL&FS term loan; interest not provided post-March 2023.
• Impairment recommended for CEL and HEL given erosion of net worth.
• IDTL CIRP; non-consolidation affecting consolidation of results.

HKR Roadways stake sale

• Sale of HKR Roadways Limited stake to Cube Highways; completion targeted by 30 Sep 2026.
• Investments in HKR Roadways reclassified as investments held for sale.

Amendment details

• Parties: Cube Highways and Infrastructure V PTE Limited (Purchaser).
• Kotak Special Situations Fund and Gayatri Highways Limited are Sellers.
• HKR Roadways Limited is the asset being sold.
• Purpose: sale of the Company's entire stake in HKR Roadways Limited.
• Pre-disbursement conditions apply as per the Securities Purchase Agreement.
• Long Stop Date extended to August 31, 2026.
• Escrow mechanism deleted; Escrow payments to Sellers on Closing Date or thereafter.
• Removal of the WPI Multiplier Event provisions.
• Indemnities include stamp duty, fundamental warranties, fraud, and gross negligence.
• Waiver of redemption premium proposed, subject to compliance.
• Amendment not expected to impact management or control.
• Related party status: not a related party transaction; counterparties not promoter group.
• No nominee directors or conflicts of interest disclosed.
• Execution date: 11 August 2026; amendment facilitates completion.

Board meeting rescheduled

• Original date 12 August 2026; rescheduled to 13 August 2026 for unaudited standalone & consolidated results.
• Agenda: consider unaudited standalone & consolidated Q1 results.
• Reason: unavoidable circumstances.
• Trading window remains closed for designated persons until 48 hours after results declaration.

Dematerialisation status

• Details of dematerialised/rematerialised securities during the period were furnished to all stock exchanges where listed.

Meeting Details

• Board meeting on Monday, 25 May 2026, at the Registered Office of the Company.

Key Agenda Items

• Approve audited standalone and consolidated financial results for Q4 and year ended 31 March 2026.

Other Notes

• Trading window was closed from 1 April 2026 until 48 hours after results declaration.