Dear Sir/Madam, Submission of Unaudited Financial Results for the Quarter and Nine Months Ended as on 31-12-2025.

PBA Infrastructure's board approved its Q3 FY26 (ended 31 Dec 2025) standalone results, which show revenue from operations falling sharply to Rs 222.96 lakhs from Rs 862.55 lakhs in the same quarter last year — a roughly 74% drop. For the nine-month period, revenue declined to Rs 1,775.73 lakhs versus Rs 2,742.34 lakhs a year ago, a 35% fall. The company reported a net loss of Rs 164.53 lakhs in Q3 and Rs 2,490.45 lakhs for the nine months (compared to a Rs 80.15 lakh loss in 9M FY25), with large swing exceptional items of +Rs 2,027.79 lakhs in Q3 and -Rs 2,028.00 lakhs in Q2 broadly netting out. The auditor issued a qualified limited review report flagging that the company has defaulted on Rs 315.15 crore of consortium bank loans, is classified as a Non-Performing Asset, has not provided interest since January 2018, and that its total outside liabilities exceed current assets with negative reserves of Rs 12,826.25 lakhs. The auditor explicitly stated that these defaults create a material uncertainty about the company's ability to continue as a going concern, though results are still prepared on a going-concern basis. Arbitration cases, pending WIP claims of Rs 79.13 crores, and an incomplete fixed-asset register were also flagged as qualifications.