PNC Infratech Ltd

AGM resolutions

• 27th AGM held Sept 30, 2026 via VC/OAVM.
• Adopted standalone and consolidated financial statements for year ended Mar 31, 2026.
• Declared equity dividend for the year ended March 31, 2026.
• Reappointed Yogesh Jain as Managing Director by rotation.
• Reappointed Anil Kumar Rao as Whole-Time Director by rotation.
• Appointed NSBP & Company as Statutory Auditors.
• Ratified remuneration payable to Gaurav Jain & Associates, Cost Accountant.
• Approved re-appointment of Pradeep Kumar Jain as Chairman and Managing Director for five years.
• Approved re-appointment of Chakresh Kumar Jain as Managing Director for five years.
• Approved re-appointment of Yogesh Jain as Managing Director for five years.
• Approved re-appointment of Anil Kumar Rao as Whole-Time Director for five years.
• Approved reappointment of Naresh Kumar Jain as Independent Director for five years.
• Approved reappointment of Seema Singh as Independent Director for five years.
• Approved appointment of Rohit Kumar Singh as Non-Executive Independent Director for five years.
• Combined voting results to be announced on company and MUFG websites.
• Scrutinizer Deepak Gupta appointed for the meeting.
• Meeting concluded at 12:17 P.M.

PNC Infratech Limited — Trading Window Closure (Routine)

PNC Infratech Ltd – Trading Window Closure

Promoter share acquisitions

• Meena Jain, promoter group, bought 99,500 shares (0.039% of equity) on 25 September 2026.
• Ashita Jain, promoter group, acquired 359,000 shares (0.14% of equity) on 25 September 2026.
• Disclosures filed under Regulation 7(2)(a) PIT Regulations for these acquisitions.

Insider trades by promoter group

• Meena Jain, promoter group, bought 99,500 shares (0.039%) on 25 September 2026 via open market.
• Ashita Jain, promoter group, bought 359,000 shares (0.14%) on 25 September 2026 via open market.
• Disclosures filed under Regulation 7(2) of PIT Regulations for these purchases.

Rating action details

• Long-term bank facilities of Rs 1,700 crore upgraded to CARE AA+ (RWI9) on Rating Watch with Negative Implications
• Short-term bank facilities of Rs 5,000 crore reaffirmed, removed from Rating Watch with Negative Implications
• Rating agency: CARE Ratings Limited

Rating action

• Care Ratings places PNC Infratech bank facilities on Rating Watch with Negative Implications

Instruments/Ratings

• Long-term facilities: Rs 1,700 crore; CARE AA+ (RWI) on Rating Watch—Negative Implications
• Short-term facilities: Rs 5,000 crore; CARE A1+ (RWI) on Rating Watch—Negative Implications

Rating agency

• CARE Ratings Limited

Rationale

• Placed on Rating Watch with Negative Implications

Outlook

• Outlook not provided; watch status implies potential rating change

Material changes

• No material change disclosed from prior rating

Action

• Long-term facilities rated CARE Ad+ (RWN); Rating Watch with Negative Implications.
• Short-term facilities rated CARE A1+ (RWN); Rating Watch with Negative Implications.

Facility details

• Long-term bank facilities: Rs 1700 crore.
• Short-term bank facilities: Rs 5000 crore.

Review basis

• Rating review based on CARE report received on 22.09.2026.

Action date / source

• Filing date: 23 Sep 2026.

Key Update

• NHAI extends debarment of the concessionaire to PNC Infratech as promoter for three years.
• Company evaluating legal remedies; ongoing projects and going concern unaffected.
• Impact: no bids for MoRTH/NHAI and their executing agencies for three years.
• Letter dated 11.09.2026 informing the extension.

Regulatory update

• NHAI extended the Concessionaire's debarment to PNC Infratech (Promoter) for three years.
• Date of direction: NHAI letter dated 11.09.2026, received by the company on 11.09.2026.
• Company cannot bid for MoRTH/NHAI or their executing agencies for three years; ongoing projects unaffected.
• Company is evaluating legal remedies.
• Going concern status unaffected; any financial implications to be disclosed as clarity emerges.