Concord Enviro Systems Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

Concord Enviro Systems (CEWATER) reported its Q3 FY26 (quarter ended Dec 31, 2025) results on Feb 12, 2026. On a standalone basis, revenue from operations grew about 15% year-on-year to Rs 133.35 million, but the company slipped into a small loss of Rs 4.20 million (vs profit of Rs 3.77 million a year ago) due to a Rs 3.90 million one-time charge from new Labour Codes. For the nine months, standalone profit after tax jumped to Rs 45.52 million from Rs 12.52 million, helped by a Rs 45 million reimbursement from AF Holdings. On a consolidated basis, Q3 revenue was nearly flat at Rs 1,245.75 million but the company posted a loss of Rs 81.77 million, hit by a Rs 51.75 million Labour Codes exceptional charge and Rs 13.15 million share of losses from joint ventures. The company confirmed no deviation in the use of its Rs 175 crore IPO proceeds raised in Dec 2024, with Rs 90.83 crore utilised and Rs 71.25 crore unutilised (parked in bank FDs). Separately, Mr. Anish Goel, already Group CFO since June 2025, was appointed as CFO of the listed entity with effect from Feb 12, 2026.