Pursuat to Regulation 33 of SEBI (Listing Obligtiaonns dnd Disclosure Requirements) Regulations, 2015, please find attached Audited Standalone & Consolidated Financial Results along with ....
Awaiting price reaction for this filing.
AJR Infra and Tolling (formerly Gammon Infrastructure Projects) reported audited FY25 results with continued massive losses. Standalone total income fell sharply to Rs 1,160 lacs from Rs 2,022 lacs in FY24, and the company posted a net loss of Rs 11,172 lacs versus Rs 24,086 lacs in the prior year (last year was hit by a Rs 22,431 lacs exceptional charge). Exceptional items of Rs 5,686 lacs in FY25 relate to impairment of compulsory convertible debentures in subsidiaries YPVL and SHVPL. Other equity is deeply negative at Rs (1,52,382) lacs, and current liabilities exceed current assets by Rs 1,43,975 lacs. Consolidated revenue also dropped from Rs 7,668 lacs to Rs 4,367 lacs. The auditor flagged a material uncertainty on going concern and issued multiple emphasis-of-matter notes relating to subsidiary CIRPs, illegal possession of a power plant, pending OTS settlements, and a Rs 1,19,024 lacs corporate guarantee invocation by Phoenix ARC for PHPL that the company has not accounted for, citing ongoing litigation. Operating cash flow was negative at Rs (12,136) lacs.
The stock remains deeply distressed: the company has negative net worth, going-concern doubts, and enormous contingent liabilities from corporate guarantees across its failed road and power SPVs. Shareholders face high risk of further dilution, write-downs, or insolvency if litigation outcomes and OTS settlements (notably at SSRPL and PHPL) don't go favorably.