MBL Infrastructure Ltd

Key disclosures

• Corporate Presentation filed to comply with SEBI LODR Regulation 30.
• IBC resolution plan implemented; banks declare date 04 Sept 2024.
• NCDs restructured to ₹836.74 crore; new facilities available ₹303.63 cr (BGs/LCs).
• Fund-based facilities available ₹37.38 cr; non-fund-based ₹303.63 cr; equity infusion ₹128.19 cr planned.
• Promoters' stake increased to 74.57% post-resolution, with ₹111.65 cr already infused.
• Standalone and consolidated P&L show improving EBITDA; FY26 EBITDA ₹106.02 cr, margin ~40%.
• Consolidated PAT turned negative in FY26 (-₹22.36 cr) after prior gains; tax unfavoured year.
• Total equity rising; consolidated borrowings at ₹683.34 cr (FY26 end); working capital facilities expanded.
• NCDs repayable in quarterly installments; schedule through 2034 with varied coupon rates.
• Customers include NHAI, MoRTH, DMRC; resolution plan standardizes accounts across banks.

AGM and voting details

• 31st AGM scheduled for 12 September 2026 at 3:00 PM via VC/OAVM.
• Register of Members and Share Transfer Books closed 5–12 September 2026.
• Cut-off date for voting eligibility is 5 September 2026.
• Shareholders may vote remotely or via AGM e-voting.
• Meeting to be conducted under MCA and SEBI circulars.
• Notice indicates compliance with SEBI LODR Regulation 30.

Arbitration outcome and monetary value

• Commercial Court Dehradun dismissed petitions under Section 34 challenging the 14.12.2024 arbitration award in Uttarakhand.
• The award is in favour of MBL Infrastructure Ltd for the Udham Singh Nagar project, Package C-2.
• Value including interest stands at Rs 82.77 crores as of 27.07.2026.
• Interest will continue at 12% per annum until payment.
• Compliance with Regulation 30 of SEBI LODR 2015 is noted.

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during the quarter.
• The listing, mutilation, cancellation, and substitution confirmation requirement is not applicable.

Meeting Details

• Board meeting on 23 July 2026; time and venue not disclosed.

Key Agenda Items

• Consider, approve and take on record unaudited Standalone and Consolidated financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closure began 15 April 2026 and will reopen 48 hours after results declaration.

Business Overview

• Civil infrastructure contractor focused on roads, EPC, BOT, O&M, urban infra, and rail.
• In‑house design, construction, quarrying, bitumen and concrete; large owned equipment fleet.
• Promoter holding 74.57%; listed on BSE/NSE since 2010.

Growth Drivers & Opportunities

• MoRTH budget ₹3.10 lakh Cr; NHAI ₹1.87 lakh Cr to drive capex.
• Vision 2047: upgrade 25,000 km two-lane to four-lane.
• Bharatmala Phase-I: 26,425 km awarded; 22,590 km constructed.
• Railways/Metro: opportunities in new lines, stations, ROBs/RUBs.
• SAIL modernization and DMRC projects provide pipeline.

Financial Highlights

• FY26 revenue ₹271.59 Cr; FY25 ₹248.35 Cr; FY24 ₹253.46 Cr.
• EBITDA ₹106.02 Cr; margin 39.04%.
• PAT consolidated: -₹1.53 Cr in FY26; ₹19.21 Cr in FY25.
• Total assets ₹2,949.61 Cr; equity ₹956.00 Cr; promoter stake 74.57%.
• Cash and cash equivalents ₹40.67 Cr.
• NCDs ₹836.74 Cr; NBF/Fund-based facilities arranged post-IBC.

Capital Structure & Liquidity

• Resolution Plan under IBC implemented; NCDs ₹836.74 Cr issued.
• Promoter infusion ₹111.65 Cr; equity holding up to 74.57%.
• Non-fund based facilities ₹303.63 Cr; fund-based facilities ₹37.38 Cr.

Operational Highlights

• Current BOT projects include Bikaner-Suratgarh NH-62 and Sonapur-Guwahati NH-115.
• Delivered 2 RUBs (Narela, Badli) and 4 ROBs (Sonepat, Faridabad).
• Kalindi Kunj DMRC Depot completed; pan-India project gallery reflects execution scale.
• Geographic footprint: pan-India; key clients NHAI, MoRTH, DMRC, SAIL, NBCC.

Governance & Leadership

• Chairman & MD: Anjanee Kumar Lakhotia.
• Independent Directors: Dinesh Saini, Mukesh Jain, Ram Dayal Modi, Megha Singh.
• Executive Director: Surender Aggarwal.
• Promoter holding increased to 74.57%.

Risks & Mitigation

• Total receivables ₹3,120.68 Cr; negotiations at various stages.
• Arbitration awards ₹229.95 Cr; prudent claim management system in place.
• Ongoing disputes and litigations; plan aims for amicable resolutions.

Meeting Details

• Board meeting scheduled for 30 May 2026.
• Meeting time and location were not disclosed.

Key Agenda Items

• Approve audited standalone and consolidated financial results for year ended 31 March 2026.
• Consider issuance of equity shares to promoters or promoter group entities under the approved resolution plan.

Other Notes

• Trading window closed from 1 April 2026 and reopens 48 hours after results declaration.