Outcome of Board meeting on 30th May, 2026 pursuant to regulation 30 and 33 of the SEBBI (Listing Obligation and Disclosure requirements) regulation, 2015.
Awaiting price reaction for this filing.
Gammon India reported a standalone loss after tax of ₹1,189.00 Cr for FY26 vs a loss of ₹3,078.18 Cr in FY25. Revenue from operations grew to ₹85.18 Cr for the year (vs ₹21.23 Cr prior year). Finance costs remain extremely high at ₹1,230.06 Cr on standalone basis. The company has negative net worth of ₹11,755.05 Cr and current liabilities exceed current assets by ₹12,701.41 Cr. The statutory auditors issued a qualified opinion citing material uncertainty over claims recoverability and ₹911.54 Cr of disputed penal interest/charges not accounted for. The Board also appointed Mr. Ajay Bhatnagar as an Independent Director and CMA Pradeep Damania as Cost Auditor for FY27.
Gammon India continues to face severe financial distress with negative equity, ongoing losses, and auditors flagging material uncertainty about its ability to continue as a going concern. The stock is already suspended from trading, and multiple winding-up petitions remain pending.