MBL Infrastructure Ltd

Dematerialisation/rematerialisation status

• No dematerialisation/rematerialisation requests were received during the period.
• Listing confirmation and mutilation/cancellation requirement is not applicable.

Meeting Details

• No meeting date, time, or format disclosed in the filing.

AGM details

• AGM held on 12 September 2026 via VC/OAVM.
• Time: 3:00 PM IST.
• Record date: 5 September 2026.
• Total shareholders on record: 23,734.
• Shareholders attended via VC/OAVM: 60.

Key resolutions and outcomes

• Adopted audited standalone and consolidated financial statements for year ended 31 March 2026 — Passed.
• Re-appointed Anjanee Kumar Lakhotia as director by rotation — Passed.
• Approved MD remuneration for remaining tenure of two years from 25 May 2027 — Passed.
• Re-appointed Surender Aggarwal as Executive Director/Whole-time Director for 01 Oct 2026 to 30 Sep 2027 — Passed.
• Approved execution of related party transactions — Passed.
• Ratified remuneration of Cost Auditors Dipak Lal & Associates for 2026-27 — Passed.

AGM details

• The 31st AGM held via VC/OAVM at 3:00 PM on 12 September 2026.
• Remote e-voting window from 9 September to 11 September 2026; Scrutinizer appointed.

Key resolutions

• Adopt standalone and consolidated financial statements with reports.
• Re-appoint director retiring by rotation (eligible for re-appointment).
• Approve remuneration for managing director for remaining tenure.
• Re-appoint executive director/Whole-Time Director for the term.
• Approve related party transactions under applicable laws.

Voting outcomes

• Outcomes of resolutions not disclosed in the provided text.

Key disclosures

• Corporate Presentation filed to comply with SEBI LODR Regulation 30.
• IBC resolution plan implemented; banks declare date 04 Sept 2024.
• NCDs restructured to ₹836.74 crore; new facilities available ₹303.63 cr (BGs/LCs).
• Fund-based facilities available ₹37.38 cr; non-fund-based ₹303.63 cr; equity infusion ₹128.19 cr planned.
• Promoters' stake increased to 74.57% post-resolution, with ₹111.65 cr already infused.
• Standalone and consolidated P&L show improving EBITDA; FY26 EBITDA ₹106.02 cr, margin ~40%.
• Consolidated PAT turned negative in FY26 (-₹22.36 cr) after prior gains; tax unfavoured year.
• Total equity rising; consolidated borrowings at ₹683.34 cr (FY26 end); working capital facilities expanded.
• NCDs repayable in quarterly installments; schedule through 2034 with varied coupon rates.
• Customers include NHAI, MoRTH, DMRC; resolution plan standardizes accounts across banks.

Financial snapshot

• Standalone total income: 21,214 lakh; PAT: 926.67; EBITDA: 8,668.
• Consolidated total income: 27,159.55 lakh; Consolidated PAT: -2,259.22.
• Standalone EPS: 0.63; Consolidated EPS: -1.53.
• Net debt: Standalone 69,659.86; Consolidated 93,581.21.
• Cash and cash equivalents: Standalone 3,385.81; Consolidated 5,168.53.

Capital structure & liquidity

• Standalone borrowings: 73,045.67 lakh; Consolidated borrowings: 98,749.74 lakh.
• Standalone net debt: 69,659.86; Consolidated net debt: 93,581.21.
• Equity: Standalone 15,252.92 lakh; Consolidated equity 95,600.09 lakh.
• Cash & equivalents: Standalone 3,385.81; Consolidated 5,168.53.

Governance & board changes

• Independent Director Mukesh Kumar Jain appointed 5-Jul-2025; Ranjit Datta ceased 12-Aug-2025.
• Surender Aggarwal re-appointed as Whole-time Director; Anjanee Lakhotia remains MD.
• Board meetings held: 4; Audit and Nomination & Remuneration Committees active.

IBC, restructuring & subsidiaries

• Resolution Plan under IBC finalized; implementation date 4-Sep-2024.
• MBL (MP) Toll Road Company Limited: CIRP; plan approved 12-Sep-2025; implemented 14-Oct-2025.
• SBTRCPL: CIRP admitted; resolutions being evaluated by Committee of Creditors.
• Six of eight subsidiaries cleaned up; debt-free; others under restructuring.

Operational & strategic developments

• Diversification into steel, civil & urban infra; aiming for diversified revenue mix.
• West Bengal growth opportunities; strong regional presence; pan-India expansion.
• Strengthened banking relationships; renewed liquidity limits for larger projects.

ESG & CSR

• ESG pillars: environmental stewardship, social responsibility, governance.
• CSR expenditure: 12.21 crore; obligation 10.10 crore; no shortfall.
• ISO 14001/45001; fly ash and plastic waste reuse; 24x7 emergency services on BOT assets.

Governance & risk management

• Independent Directors meet criteria; code of conduct in place; risk management framework active.
• Internal controls robust; MIS & GPS monitoring; whistleblower mechanism.
• Secretarial audit; CIRP-related disclosures; LODR compliance.

Outlook & risks

• Road sector projected to grow 9-10% CAGR; policy support and InvITs.
• Risks include regulatory, land, and long-gestation financing; emphasis on prudent bidding.

AGM and voting details

• 31st AGM scheduled for 12 September 2026 at 3:00 PM via VC/OAVM.
• Register of Members and Share Transfer Books closed 5–12 September 2026.
• Cut-off date for voting eligibility is 5 September 2026.
• Shareholders may vote remotely or via AGM e-voting.
• Meeting to be conducted under MCA and SEBI circulars.
• Notice indicates compliance with SEBI LODR Regulation 30.

Financial Highlights

• Standalone Q1 2026-27: Revenue 2,659; Total Income 4,497; PAT 376; EPS 0.25.
• Consolidated Q1 2026-27: Revenue 3,755; Total Income 5,719; PAT -519; EPS -0.34.