KNR Constructions Ltd

KRIPL stake sale extension

• KRIPL stake sale completion date extended to 31 December 2026.
• Extension due to delay in compliance of certain Condition Precedents.
• Other SPV sales KPIPL, KRGIPL, KGIPL timelines remain unchanged.
• This update follows prior intimations dated 25 Dec 2025 and 30 May 2026.

KRIPL stake sale extension

• Sale completion date for KRIPL stake extended to 15 October 2026 due to condition precedents delays.
• Extension follows prior SPV sales to Indus Infra Trust, including KPIPL, KRGIPL, KGIPL.
• Sale of SPVs and stake sales previously intimated; KRIPL extension due to compliance delays.

Tax penalty orders; appeal planned

• Penalty orders under IT Act Section 270A for AY 2017-18 to 2020-21.
• Total demands amount to Rs 918452721 across four years.
• Penalty levied under Section 270A; company will file appeals within timelines.
• Receipt of orders on 29-09-2026 and 30-09-2026.
• Company will update outcome of proceedings in due course.

KNR Constructions Limited trading window closed from 1 October 2026 till 48 hours after the declaration of the unaudited financial results for the quarter and half year ended 30 September 2026

AGM outcome

• All resolutions in the 31st AGM Notice were passed with requisite majority.

AGM Details

• Date/time: 25 Sep 2026, 12:30 PM; mode: VC/OAVM at deemed venue.
• E-voting conducted 22–24 Sep 2026; results to be declared within two working days.

Key Resolutions

• Adopt standalone and consolidated financial statements for FY2025-26.
• Declare final dividend of Rs 0.25 per equity share.
• Reappoint Smt. K Yashoda who retires by rotation.
• Ratify cost auditor remuneration for FY ending 31.03.2027.
• Enter into material RPT with KNRHC Baidyanath Banhardih Coal Mine Private Limited.
• Enter into material RPT with KNR-SIML (JV).

Dividend

• Final dividend of Rs 0.25 per equity share.

Voting Status

• Remote e-voting held 22–24 Sep 2026; results to be announced within two working days.
• AGM proceedings indicate results to be declared and posted on company site and exchanges.

Directors

• Reappointment of Smt. K Yashoda (retiring by rotation).

Auditors

• Statutory auditors KP Rao & Co presented unqualified audit report.
• Remuneration of Cost Auditors for FY2026-27 to be ratified.

Related Party Transactions

• RPT with KNRHC Baidyanath Banhardih Coal Mine Private Limited approved.
• RPT with KNR-SIML (JV) approved.

Tax penalty update

• Order received from Commissioner of Income Tax - Appeals, Hyderabad-12.
• Penalty of Rs 18.22 crore for AY 2007-08 deleted; Nil financial impact.
• Date of receipt: 17-09-2026, 05:12 PM.

Disposal of SPV KGIPL to Indus Infra Trust

• Disposal of KNR Guruvayur Infra Private Limited (SPV) to Indus Infra Trust completed on Sep 17, 2026.
• Share Purchase Agreements were executed on Dec 24, 2025.
• Consideration received: Rs 485.86 crore; company invested Rs 193.32 crore in the SPV.
• SPV KGIPL turnover in FY2026: Rs 237.21 crore, 8.79% of consolidated turnover.
• SPV KGIPL net worth in FY2026: Rs 394.38 crore, 7.93% of consolidated net worth.
• Indus Infra Trust is a publicly listed SEBI-registered infrastructure investment trust.
• Transaction is not within related party framework.