Outcome of Board Meeting held on 13th February, 2026 pursuant to Regulation 30 and 33 of SEBI ( LODR) Regulation, 2015.
Awaiting price reaction for this filing.
Gammon India reported near-zero operations with Q3 standalone revenue from operations of just Rs 0.11 cr (vs Rs 5.19 cr a year ago) and 9M FY26 revenue collapsing to Rs 4.95 cr from Rs 17.80 cr, a ~72% drop. The company posted a standalone loss after tax of Rs (318.18) cr in Q3 and Rs (921.35) cr for the 9-month period, driven mainly by finance costs of Rs 835.42 cr (9M). Other equity is deeply negative at Rs (10,639.95) cr and current liabilities exceed current assets by Rs 12,353.84 cr standalone and Rs 13,666.95 cr consolidated. The auditor issued a qualified conclusion on Rs 30 cr of disputed contract claims and Rs 989.91 cr of unaccounted penal interest/charges, and explicitly flagged material uncertainty on going concern — loans recalled, NPA status since 2017, trading in shares suspended, multiple winding-up petitions pending, and lenders unable to agree on the resolution plan.
Extremely negative for shareholders — the company is operationally near-defunct with massive accumulated losses, negative net worth, and an unresolved debt restructuring that may lead to insolvency proceedings. Equity remains highly speculative with suspended trading and no clear timeline for the lenders' resolution plan; existing shareholders face significant dilution or wipeout risk if the resolution plan is ultimately approved.