Pursuant to Regulation 34 of SEBI (LODR) Regulations, 2015, please find attached Annual Report for the Financial Year ended 31st March, 2025 along with Notice conveing Annual General Meeting.
Awaiting price reaction for this filing.
AJR Infra And Tolling Ltd (formerly Gammon Infrastructure Projects Limited) has submitted its Annual Report for the financial year ended March 31, 2025, along with the notice for its 24th Annual General Meeting, in compliance with SEBI LODR Regulation 34. The AGM is scheduled for September 30, 2025, at 3:30 p.m. IST, to be held via video conferencing. The report shows total income fell sharply to ₹7,668 lakhs in FY25 from ₹25,380 lakhs in FY24, with a net loss of ₹23,058 lakhs, though net worth turned positive at ₹18,813 lakhs. The company is in a restructuring phase, having divested six special purpose vehicles, reduced debt, and pivoting toward asset-light O&M and HAM projects. Ongoing arbitration with Mumbai Port Authority over the container terminal project remains a major overhang, with disputed claims running into thousands of crores.
This is primarily a procedural regulatory filing, so no immediate stock price catalyst is expected. However, the sharp drop in revenue, continued losses, and the unresolved MbPA arbitration claim (now revised to ₹5,120.60 crores) signal ongoing financial stress and uncertainty. Shareholders should review the annual report carefully and may want to attend the AGM for clarity on the restructuring roadmap and litigation outcomes.