Outcome of Board Meeting held on 30th May, 2026 pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
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Gammon India Ltd reported massive losses for FY2026 with standalone net loss of Rs 1,188.60 crore (year ended March 31, 2026) on total income of Rs 98.98 crore. Finance costs alone stood at Rs 1,230.06 crore, far exceeding revenue. The company continues to face severe liquidity crisis with current liabilities exceeding current assets by Rs 12,701.41 crore. Negative net worth stands at Rs 11,755.05 crore. The auditors issued a qualified opinion for the 11th consecutive time regarding disputed claims of Rs 10 crore, and for the 8th time regarding disputed penal interest and charges of Rs 911.54 crore. A material uncertainty exists regarding going concern as lenders have recalled loans, and winding up petitions have been filed against the company. The board also approved appointment of a new independent director and cost auditor.
Gammon India remains in extreme financial distress with losses far exceeding total income. The repeated qualified audit opinions and going concern uncertainty indicate high risk for shareholders. The suspended trading in equity shares means investors cannot trade. Any recovery depends entirely on successful resolution negotiations with lenders and ARC companies.