Interim report
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ખ઼વીસીસી NBCC G20 2023 INDIA वथुधैव कुटुम्बकम् A Navratna CPSE ONE EARTH ONE FAMILY ONE FUTURE An IS / ISO 9001 : 2015 Certified Company ( For Providing Project Management Consultancy and Execution of the Projects ) एनबीसीसी ( इंडिया ) लिमिटेड ( भारत सरकार का उद्यम ) NBCC ( INDIA ) LIMITED ( A Government of India Enterprise ) Ref . No. NBCC / NSEBSE / 2026-27 | नेशनल स्टॉक एक्सचेंज ऑफ़ इंडिया लिमिटेड एक्सचेंजप्लाजा , प्लॉटनंबरसी / 1 , जीब्लॉक , बांद्रा - कुर्ला कॉम्प्लेक्स बांद्रा ( ई ) - मुंबई 400051 एनएसईप्रतीक : एनबीसीसी / EQ National Stock Exchange of India Ltd. Exchange Plaza , Plot No C / 1 , G Block , Bandra Kurla Complex , Bandra ( E ) , Mumbai - 400051 August 11 , 2026 बीएसई लिमिटेड फिरोजजीजी भोयटॉवर , दलालस्ट्रीट , मुंबई - 400001 स्क्रिपकोड : 534309 BSE Ltd. Phiroze Jeejeebhoy Tower , Dalal Street , Mumbai - 400001 Subject : - Outcome of the Board Meeting dated August 11 , 2026 Sir , This is to inform that Board of Directors of the Company at its meeting held today , i.e. , August 11 , 2026 , inter alia , considered the following : 1. Approved the unaudited Financial Results ( Standalone and Consolidated ) of the Company for the quarter ended June 30 , 2026 . A copy of the unaudited Financial Results ( Standalone and Consolidated ) along with the limited review reports is enclosed at Annexure - 1 . Other Information for Quarterly Integrated Filing ( Financial ) is attached at Annexure - 2 . 2. Declared 1st interim dividend for the financial year 2026-27 of Rs . 0.15 / - ( i.e. 15 % ) per paid - up equity share of Rs . 1 / - each . 3 . The Company has fixed August 17 , 2026 ( Monday ) as the record date for ascertaining the eligibility of shareholders for payment of the interim dividend . The interim dividend would be paid within the period as stipulated under the Companies Act , 2013 www.nbccindia.in REGISTERED AND CORPORATE OFFICE NBCC Bhawan , Lodhi Road , New Delhi - 110003 Tel .: 91-11-24367314-17 , Fax : 91-11-24366995 E - mail : bdd@nbccindia.com co.sectt@nbccindia.com CIN L74899DL1960GOI003335
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FY 2025-26, subject to the approval of Shareholders in the ensuing 66 th AGM of the Company. 5. Accorded i n principle approv al for the incorporation of a wholly owned subsidiary Company as Special Purpose Vehicle (SPV) for undertaking such activities as may be necessary in connection with the Real Estate Investment Trust ('REIT'), subject to the approval of the Ministry of Housing and Urban Affairs/Department of Investment and Public Asset Management (DIPAM). The meeting commenced at 12:30 p.m. and concluded at 3:00 p.m. The aforesaid information is also available on the website of the Company at https://nbccindia.in/webEnglish/BoardMeetingNotices This is for your information and record. Thanking you, For NBCC (India) Limited ENCL: As Above Deepti Gambhir Company Secretary F-4984
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O\ 1 N D 1 A o K CHHAJER & CO. ----- CHARTERED ACCOUNTANTS --__ _ Mob Web Email Email At--Y'I ~ 'JI '-"V. - 1 : +91-93542 -57245 : www .dkcindia.com : nksarraf@dkcindia .com : delhi@dkcindia.com Independent Auditor's Revi ew Report on Unaudit ed Standalon e Financial Re s ults ofNBCC (India) Limited for the Quarter Ended June 30, 2026 pursuant to the Regu lations 33 of the SEBI (Listing Obligation and Disclo sure Requir em ents) Regul ation 2015, as a mended Review Report To the Board of Director s NBCC (India) Limited 1. We have r eviewed th e acco mpan ying statement of Unaudited Standal one Finan cial Results (" the Statem ent") of NBCC (India) Limited (" the Com pany") for the Qua rter ended J une 30, 2026, being s ubmit ted by th e Co mpany pur suant to the requirements of Regulati on 33 o f the Securities and E xchan ge Board o f India (Listing O bligations an d Disclos ure Requir ements) Regulati ons, 201 5, as amend ed ("the Listing Regulatio ns"). 2. Th e Statement, which i s the responsibility of the Co mpa ny's Management and appro ved b y the Comp any's Board o f Directo rs, h as been prepa red i n a ccordan ce with the recog nition and meas urement principl es laid down in the Indi an Acco untin g Sta nd ard 34, Interim r inancial Reporting ("Ind AS 34") presc ribed under section 133 of the Companies Act, 2013 ("the Act ") as amen ded, read with relevant rules issued there under and other accounting princi ples generally acce pted in India and in compliance with Regulations 33 of the Listing Regulations. Our res ponsibility is to exp ress a conclusion on the Statc lnent based on our review. 3. We conducte d our review o f the Statem ent in accor dance with t he Standa rd o n R eview E ngagem ents (SRE) 2410 "Review of Interim Financial In formati on Pe rformed by the Ind epend ent Audit or of the Enti ty" issued by the Ins titut e of Chartered Acco unt ants of Indi a ("ICAI" ). T his s tandard requ ires that we plan and perform the review to obtain mode rate assuranc e as to whe ther the Stat clnen t is free fro m ma terial misstat enl cn t. A review o f interim [mancial information consists o f m aking inquiri es, prim arily o f th e Co mp any's perso nnel responsible for financial and acc ountin g matt ers and appl ying anal ytical and o ther r eview proc edu res. A rev iew is subs tantially less in sco pe t han an audit co ndu cted in acco rd ance with Standard s on Auditi ng s pecified und er section 143(10) of the r\ ct and con sequently does no t enable us to obtain assurance that we would become a ware o f all significant matter s that might be identifi ed in an audi t. Acc ordin gly, we do not exp ress an audi t o pinion. 4. Based on o ut review co nducted as ab ove , n othing has come to our attenti on that causes us to be lieve tl1at the accomp anying S tat ement, pre pared in accordan ce with the recognitio n and meas ureme nt prin cip les laid down in the aforesaid India n Acco untin g Sta ndards ("lnd AS ") specified under sectio n 133 of the Act as amen ded, read with r eleva nt rules issue d thereund er and other acco untin g prin ciples generall y acce pted in Indi a, has not disclosed the informa tion requ ired to be disclo sed in term s of Regulati ons 33 of the L isting Regulati ons, includin g t he mann er in which it is to be disclose d, o r that it co ntains any ma terial nu sstatenlent. KOLKATA· DELHI· BAN GALORE • MUMBAI • HYDERABAD· CHENNAI • BHUBANESWAR. PATNA • TINSUKIA # 1ST FLOOR, UNIT NO-1F, 111 PLOT NO-2. SSG MAJESTY MALL, LSC STREET ROAD NO-43 GURU HARIKISHAN MARH, BLK-G, PITAMPURA, NORTH WEST DELHI. NEW DELHI-110034
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5. Emphasis of Matters We invite attention to the following matters in the notes to the Una udited Standalone Financial Results: (i) Note No.4 regarding the purchase of a Group Hou sing plot in Naya Raipur from Naya Raipur Development Authorit y (NRDA ) on lease in the year 2014 . T he carrying value of the land as on June 30, 2026 is Rs. 2,099.37 Lakh. The lease deed/conveyance deed yet to be executed between the owners association / housing socie ty (yet to be formed) and N RDA as per the term s of the development agreement. The construction on the said land is yet to start. (li) Note No.5 regarding the non-execution of the conveyance deed in favour of the Company and other matters incidental thereto , in respect of the land at Faridabad (Haryana), fonning part of the land bank (inventory) involving, in aggregate, a sum ofRs. 13,216.54 Lakhs for the reasons state d therein. (iii) No te No.6 regardi ng payment by the Co mpany to Land & Development Office, Ministry of Housing and Urban Affairs as additional premium for availing additional grou nd coverage at Com pan y's built up and so ld project "NBCC Plaza" and incurring of other constr uction cost and consequential expen ses thereon for project which is stuck up on account of sitnilar demand of Rs. 3,224.45 Lakh, raised by Municipal Corporation of Delhi (Erstwhi le South Delhi Municipal Corporation) in respect of additional ground coverage, in the year 2015. (iv) No tes No.7 & 11 regardin g the construction of a Group Hou sing Real Estate project at Kochi, K.crala, having carrying value of inventor y an10uncing to Rs. 8,700.91 lakh as ntJune 30, 2026, remaining unsold for want of Enviro nmental Clearance (EC) and requ isite statuto ry appro val. The State Expert Appraisa l Committee (SEAC) recommended the grant of EC which was put on hold. There after vide order dated Ma), 16, 2025 the Hon 'ble Supremc Court held that the 2017 Notification, Ol\<[ of 2021 and all related circulars, Orders and Notifications issued in furtherance thereof as illegal and struck them down and according ly the Company had writte n down the invento ry by Rs. 8,0'15.53 lakh as exceptio nal loss during the year ended March 31, 2025. On review petition ftled by the aggrieved parties, the Hon'ble Supreme Court vide its order dated Nove mber 18, 2025, recalled the above judgement and the original writ petition s and civil appea ls had been restored to ftle. Accordingl)" exceptional loss of Rs. 8,015 .53 lakh has been reve rsed during the year ended March 3'1,2026. The Hon'ble Supreme Court, vide its judgement dated July 29, 2026, issued directions with respect to Environmental clearance s (ECs) aheady granted or pendin g considerations under the 201 7 No tifications/202 1 Office Memorandum (OlvI). The Com pan ), is in the proce ss of approaching SEAC for grant of EC ill accordance with the directions contained in the I-lon'ble Supreme cou rt Judgeme nt dated 26 July, 2026. (v) Notes No.1 0 and 11 which describe development s conce rning the Company's residential real estate project at NBCC Green View, Secto r- 37 D, Gurugram, which had exhibited structural cracks and related to the reconstruction ofthe flats/u nits and refu nd the amount with interest to the homebu yers/ allottces. The Com pan y recogn ized the cumulative total prov isions and write-offs till June 30, 2026 amounting to Rs. 46,882.51 Lakh (March 31, 2026: Rs. 46,882.51 Lakh). Further, a reco very suit filed by the Compan y for Rs. 75,000 Lakh against construction contractor and 18 other litigations are ongoi ng.
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remanded back for recalculation of the said tax liability vide its o rder dated Nove mber 10, 2022. Till the reporting date no o rder received by thc Compa ny from DVA T Department. Accor dingly, the contingent liability as may arise is not ascertainable as at Junc 30, 2026. OUf concl usion on the Statement is not modified in respect of the above Inattc rs. 6. Other Matters L We did not review the fll1ancial resu lts/ financial information of five forcign branches namel y Mauritiu s, Maldives, SeychcUes, Jcddah and Dub ai includcd in the Unaudi ted Standalone Financial Results of thc Com pan y whose fll1ancial results/ financial information reflect total incom e of Rs. 204.83 Lakh for the quarter ended on June 30, 2026, as considered in the Unaudited Standal one rinancial Results. The fmancial rcsults/ fll1ancial inforn1acion of said branche s have not been reviewed either by us or by other auditors and our conclusion, so far as it relates to the amount s and disclosures included in respcct of said branche s duly certified by the Management have been furnished to us, arc so lely based on the Management certified financial results/ financial informati on. u. The comparative stand alone financial information of the Com pany for the corresponding quarter ended June 30, 2025 wcrc reviewed by the predeces sor auditors who expressed an unmodified conclu sion on the same vide their report dated A ugust 7, 2025. ill. Thc Board of Dir ectors docs not compr ise of the requisite number of Ind ependent Dircctors includin g Ind epe ndcnt Woman Director as requir ed undcr Regulation 17 of SEB! (Listing Obligations and D isclosure Requir eme nts) Regulations, 2015. Further , the cOlnpo sition of Audit Comm.ittee, Nominatio n and Remunerati on Com tnittec, were not in com pliance as per provisions of Section 177 and 178 o f the r\ ct and Regulation 18 and 19 of SE B 1 Regulation durin g the quartcr cnded June 30, 2026. Our con clusion on the Statement is not modificd in respect of the abo ve matters. Na nd J(jshore Sarraf Partner lvIembership No .: 510708 UDI N: 26510708DCVMJZ7937 Place: New Delhi Date: August 11 , 2026
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NBCC (INDIA) LIMITED (A Government of India Enterprise), A Navratna Company Regd. Address: NBCC Bhawan, Lodhi Road, New Delhi-110003 CIN : L74899DL1960G01003335 Statement of Standalone Unaudited Financial Results for the Quarter Ended on June 3D, 2026 fin Lakh Standalone Particulars Quarter Ended on Year Ended on 30.06. 2026 31.03.2 026 30.06.2025 31.03.2 026 (Unau dited) (Audited) (Una udite d) (Audit ed ) 1. Income (a) Revenue from Operations 1,82,303.58 3,91,375.45 1,65,676.85 9,75,531.30 (b) Other Income 4,495 .25 5,129.66 5,657.98 30,013.93 Tota l Income 1,8 6,798.8 3 3,96,505 .11 1,71, 334.83 10,05,545.23 2, Expenses (a) Land Purchased & Materials Consumed 218.02 109.67 210.16 23,397.49 (b) Changes in inventories of Real Estate Projects 2,054 .04 2,746.83 1,390.98 (18,874.17) (c) Work & Consultancy expenses 1,53,639 .03 3,41,236.47 1,43,882.59 8,63,876 .19 (d) Employee benefits expenses 7,387.06 8,654.11 6,934.74 29,931.97 (e) Finance Costs 0.15 0.18 0.14 1.30 (f) Depreciation and amortisation expense 256.93 271.78 212.46 922.46 (g) Impairment losses / (Reversal of Impairment losses) 108.76 (6,899.98) 434.15 (6,023.25) (h ) W rite Offs 82.64 16,057.49 83.22 16,988.37 (i) Other Expenses 2,825.05 4,994.83 2,873.56 12,027.37 Total Expenses 1,66,5 71.6 8 3,6 7,171.38 1,56,022.00 9,22,2".7 .73 3. Profit! (lo ss) from ope rations before Except ional Items & Tax (1 - 2) 20,22 7.15 29,333.73 15,312 .83 83,297 .50 4. Exceptional Items (Net ) - - (8,01553) S. Profit / (Loss) before Tax (3 - 4) 20,227.15 29,333.73 15,312.83 91,313.03 6. Tax Expense (a) Current Tax 4,568.00 5,235.44 3,594.00 17,772.42 (b) Deferred Tax 594.14 2,092.24 311.05 3.453.61 (c) Taxation in respect of earlier years - (242.07) 7. Net Profit/ (Loss) for t he pe riod (5 - 6) 15,065.0 1 22,006.0 5 11,4 07.78 70,329.07 8. Other Comprehensive Income (a)(i) Items that will not be reclassified to Profit or Loss - (165.34) (53.65) (a)(ii) Income tax relating to items that will not be reclassified to Profit or 41.61 1350 - - Loss (b)(i) Items that will be reclassified to Profit or Loss (2.31) 103.87 (36.98) (168.35) (b)(ii) Income tax relating to items that will be reclassified to Profit or Loss 0.58 (26.14) 9.31 42.37 9. Total Comprehensive Income (7 + 8) 15,063.28 21,960.05 11,380.11 70,162.94 10. Paid up Equity Share Ca pital (Face Value of ~ 1 per share) 27,000.00 27,000 .00 27,00 0.00 27,000.00 11. Oth er Equity - 2,57,563.42 12. Earnings Per Share (Not Annualized for the Quarter) (a) Bas ic (In ~ ) 0.56 0.82 0.42 2.GO (b) Diluted (in f ) 0.56 0.82 0.42 2.,,0 1 The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on August 11, 2026. 2 The Statutory Auditors of the Company have carried out the limited review of the~e standalone financial results as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; as amended. The Statutory Auditors have expressed unmodified concl usion. 3 The Board of Directors in its meeting held on August 11, 2026 have declared 1st Interim Dividend of ~ 0.15 per share (face Value of t 1.00 per share) for the financial year 2026-27.
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4 The Company Real estate Land bank includes ~ 2099.37 Lakh up to June 30, 2026 (~2099.37 Lakh up to March 31, 2026) toward lease hold Land for a Group Housing Plot admeasuring 30,436 Sqm. at Naya Raipur, Chhattisgarh, lease deed in respect of which is yet to be executed. As per the terms of allotment, lease deed shall be executed between owners association / Housing society, to-be-formed in future and Naya Raipur Development Authority (NRDA). The extention of time for construction was granted by the NRDA to the company upto June 26, 2027. The Company has, vide its letter dated August 9, 2026, requested the NROA for further extension of the lease period by four years. The company is in the process of development of land, approval for development from various authorities is being taken. 5 The Company Real estate Land bank includes ~ 13216.54 Lakh up to June 30, 2026 (~13178.41 Lakh up to March 31, 2026) toward Freehold Land for a Group Housing Plot admeasuring 16,753.99 Sqm. at Faridabad, execution of conveyance deed in respect of which is pending for want of Environment clearance which is dependent on submission of NOC from Forest Department. NOC from Forest department was not received on the ground that "the criteria for clarification of deemed forests is pending before the Hon'ble Supreme Court and Govt. of Haryana has yet not identified deemed forests". Company had taken up the matter with Government of Haryana to eit her issue necessary instructions to Forest Department for issuing of NOC as required for Environmental Clearance or refund the amount paid with interest to company. A prov ision of ~ 1073.66 Lakh as at June 30, 2026 (~ 1073.66 Lakh up to March 31, 2026) has been created in the books towards reduction in the Net Realisable Value of the said land. 6 The Company had paid a sum of ~ 3021.78 Lakh to Land & Development Office (L&DO), Ministry of Housing & Urban Affairs (MoHUA) in the year 2011 as additional premium for availing additional ground coverage (FAR) for construction of "Additional Shopping cum Car Parking Blocks" in uNSCC Plaza" at Pushp Vihar, New Delhi. The company has incurred a sum of t 1718.84 lakh on construction cost including ground rent of the project till June 30, 2026 (~ 1718.84 lakh upto March 31, 2026). Real Estate Construction Work in Progress includes an amount of ~ 4740.61 Lakh upto June 30, 2026 (March 31, 2026 ~ 4740.61 Lakh) toward said project. Project is on hold pending approval of building plan by Municipal Corporation of Delhi (MCD) since MCD is also demanding ~ 3224.45 Lakh towards additi onal FAR Charges. Since the Company had already paid the applicable FAR premium to l&DO, it contested the MCD's demand on grounds of dual charging for the same component by two different authorities. Further, the matter has been deliberated in a meeting chaired by Hon'ble Minister of State, MoHUA held on April 13, 2026, wherein MCD has been direct ed to place NBCC's request before the Competent Authority/ House for issuance of conditional Sanction Building plan to facilitate completion of Phase II works by NBCC. Upon completion of Phase- II works, NBCC shall apply for issuance of Completion certificate and shall pay the requisite charges towards Addit ional FAR to MCD. Further, L&DO has been directed to consider NBCC's request to examine the feasibility of execution of Lease Deed (conditional, if any) with NBCC, incorporating a provision for completion of the balance works. A complete provision representing the value of expenditure towards construction amounting to t 954.43 lakh up to June 3D, 2026 (f 954.43 lakh up to March 31, 2026) has been created in the books. 7 The Company has constructed a Group Housing Real Estate project at Kochi, Kerala, comprising 3,20,216 sq. ft. of residential and 4,424 sq. ft. of commercial area on a Freehold land parcel of 3.18 acres having a value of f 281.77 Lakh. The total cost including land, incurred on the project amounts to ~ 8700.91 1akh up to June 30, 2026 (~ 8700.91 lakh up to March 31, 2026). The sale of units in the project was put on hold due to the non-availability of Enviro nmental Clearance (ECI and other requisite statutory approvals. RERA Registration was received for th e project which has been expired in December, 2024 and renewal of the same was under process. The State Expert Appraisal Committee (SEAC) in 147th meeting held on July 21, 2023 recommended the grant of EC under the Office Memorandum (OM) dated July 07, 2021 and January 28, 2022 issued by Ministry of Environment Forest & Climate Change (MoEFCC). EC was put on hold due to stay on both the aforesaid OMs by the Hon'ble Supreme Court, in W.P.(C) No. 1394/2023 titled Vanashakti vs. Union of India, vide order dated January 02, 2024. Vide order dated May 16, 2025, the Hon'ble Supreme Court held that the 2017 Notification, OM of 2021 and all related circulars, orders, and not ifications issued in furtherance thereof are illegal and accordingly struck down. In view of the said decision, the Company had written down the value of its inventory toward said project by '{ 8015.53 lakh as Exceptional Item and Value of land of the project was restated at its original cost of t 281.771akh and shown under "real estate land bank" and '{ 435.38 Lakh was shown under "Real Estate Building Structure (Unsold Units) -Scrap", being net reali sable scrap value in FY 2024-25. In the Financial Year 2025-26, the Hon'ble Supreme Court, vide judgment dated Novemb er 18, 2025 in the Review Petition, recalled its earlier judgment dated May 16, 2025 and restored the original writ petitions and civil appeals to file. Accordingly, the earlier write-down amounting to f 8015.53 lakh has been reversed as Exceptional Item and the project has been reinstated under "Real Estate Inventory (Work-in-Progress)" at orig inal total cost in FY 2025-26, based on the valuation done by the IBBI-registered valuer. The Hon'ble Supreme Court, vide its judgment dated July 29, 2026, issued directions with respect to Environmental Clearances (ECs) already granted or pending considerat ion under the 2017 Notification/2021 Office Memorandum (OM). The Court directed that any application which had been dismissed, returned, or delisted solely on account of the stay order dated January 2, 2024 and/o r the judgment in Vanashakti-l may be reconsidered by the concerned authority in light of the observations made in the said judgment, particularly the prospective quashing of the 2021 OM. In view of the said judgement, the Company is in the process of approaching the State Expert Appraisal Committee (SEAC) for
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8 The Company Real Estate Completed Proj ects includes ~ 916.96 lakh up to June 30, 2026 ( ~ 916.96 lakh up to March 31, 2026), toward s its share in development of a project located at Jackson Gate, Agartala, under Joint Operations with Agartala Mun icipal Corporation (AMC). Since the project has already been completed, RERA registration is not required, as confirmed by the Tripura Real Estate Regulator y Authority (T-RERA). The Company received communications from Agartala Municipal Corporation that Gavt. of Tripura has decided to set up a 50 bedded city hospital in vacant portion of building. AMC has initiated the process for obtaining necessary budgetary allocation to acquire the entire build ing under Agartala Municipal Corporation by purchasing complete share of NBCC for the said purpose. AMC has paid ~ 500.00 lakh as 1st instal lment for purchase of company share of the said property on July 01 ,2026. 9 T he Company Real Estate Completed Projects includes ~ 5806.44 Lakh up to June 30, 2026 (~ 5806.44 Lakh up to March 31, 2026) towards the cost of a Group Housing project constructed on lease hold land located at Alwar named Aravali Apartments. The substantial portion of the project was completed in the year 2018 . The completion certificate of the project has been obtained and RERA registrati on/exempti on has been received from Authority on October 29, 2024. A provision of f 1256.44 lakh had been created in the books towards reduct ion in the Net Realisable Value of the said Project upto March 31. 2025. Pursuant to the e-auction conducted during the Financial Year 2025-26, the Company has received a firm sales commitment from the H-i bidder fo r sale of the project on an "As Is Where Is" basis for a total consideration of f 5,855 lakh. In view of the said firm sales com mit ment and t he resultant increase in net realisable value, the provision of ~ 1,256.44 lakh created up to March 31, 2025 has been reversed during the year ended on March 31, 2026, in accorda nce with Ind AS. 10 The Company had developed the NBCC Green View residential project at Sector ·37D, Gurugram. Following structural defects, the project was evacuated and sett leme nt opti ons, including reconstruction and refund, were offered to allottees. Buyback/ refund payments, invento ry write· downs, capitalization of project·rela ted statutory expenses, and reversal of provisions for rental reimbursements incurred during t he quarter ended on June 30, 2026 were accounted for appropriately as disclosed Exceptional Item in Note 11. The project remains under reconstruct ion, with related inve ntory classified as work-in-progress. The company has recognized total prov isions/write offs/expe nses amou nti ng to ~ 46,882.51Iakh up to June 30, 2026 (~46,882.51Iakh up to March 31, 2026) as exceptional items. A recovery suit has been filed in the Delhi High Court against Ramacivillndia Construction (P) ltd. and others for ~ 75,000 lakh related to the project , Curren tly, there are 18 pending lit igat ions against the company from allottees, who are neither accepting refund as per NCDRC nor opting sett lement through reconstruction, and also from contractors. The costs and liabilities (if any), that may possibly be incurred towards addit ional interest or other compensa tio n a re not ascerta inable as on date. However, quantifiab le claims of homebuyers/allottees and contra ctor i s 'f 6393.92 lakh as at June 30, 2026 {M arch 31, 2026 "{ 6355.92Iakh). hilS been included in Contineent liability of the Company. 11 Exce pt ion al items : Quarter Ended on Year Ended on Particulars 30,06.2026 31.03.2026 30.06 ,2025 31,03.2026 Write down/( Reversal of Write down) of Inventory - Group Housing . · (8,015.53) Real Estate proiect at Kochi, Kerala.* Wri te down of Inventory - Green View, Sector - 37 0, Gurug ram 0.50 263.02 192.60 1,004.95 Rent Expenses Incurred towards Allottees opted Reconstruction 91.62 89.17 · 89.17 Opt ion Reversal of Prov isions mad e fo r Rental to Allott ees opted (91.62) (89.17) · (89.17) Reconstruct ion Optio n Provision/{Reversal of Provision) fo r Buyback of Flats/Units, Constr uction Cost for Reconst ruction of Flats/Units & Refund as per (0.50) (263.02) (192.60) (1,004.95) NCDRC Order etc. Exceptional item INet) - . · (8,015 .53) • Refer Note No. 7 12 In the F.Y. 2022·23, DVAT Demand of't 40,480. 01Iakh raised in earlier years has been set aside by Hon'ble Appellate Tribunal vide order dt. Novembe r 10, 2022, However the case has been remanded back t o Ld. OHA for recalculat ion of Tax liability. Till the reporting date no further demand order has been received by Company from DVAT Department in this case. Hence, contingent liability in the said case not ascertain able as at June 3D, 2026.
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13 NBCC has a wholly-owned subsidiary named HSCC (India) Limited. A Scheme of Arrangement for merger of HSCC with NBCC has been proposed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. DIPAM conveyed its no-objection to the proposed merger vide communication dated July 09, 2026. Thereafter, a joint first motion application was filed before the Ministry of Corporate Affairs/Central Government on July 17, 2026. The proposed Scheme is subject to approval/sanction of the competent authority and receipt of such governmental, statutory and regulatory approvals, directions and filings as may be applicable. 14 Comparative figures have been regrouped/ recasted! rearranged wherever deemed necessary to conform to current period classification and negative figures have been shown in brackets. Place: New Delhi Date : August 11, 2026 For and on behalf of NBCC (INDIA) LIMITED (K. P. Mahadevaswamy) Chairman & Managing Director (DIN: 10041435)
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NBCC (INDIA) LIMITED (A Gove rnment o f India Ente rprise), A Navrat na Company Regd. Addr ess: NBCC Bhawan, lodhi Road, New Delhi-11000 3 CIN : l74899D l 1960GOI003335 Statement of Standa lon e Unaudited Segment Results for the Quarter Ended on June 30, 2026 { in Lakh Stand alone Particulars Quarter Ended on Year Ended on 30.06 .2026 31.03.2026 30.06.2025 31.03.2026 (Unaudited) (Audited) (Unaudited) (Audited) 1. Segment Revenue from Operation s (a) PMC 1,75,149.67 3,77, 107.53 1,56, 174.48 9,39,289.14 (b) Real Estate 5,389.75 4,272.76 2,238.39 10,010.01 (c) EPC 396.19 8,019. 10 7,150.56 23,384.79 (d ) Unallocated 1,367.97 1,976.06 113.42 2,847.36 Total 1,82,303.58 3,91,375.45 1,65,676.85 9,75,531.30 less: Inter Segme nt Revenue - - - . Total Revenue from Operat ions 1,82,303.58 3,91,375.45 1,65,676 .85 9,75,531.30 2. Segment Results Profit before ta. and Interest (a) PMC 18,885.71 26,636.54 14,78 1.24 67,367.65 (b) Real Estate 2,568.26 (582.17) 479.63 10,694.3 1 (c) EPC (608.12) (1,262.67) 473.70 1,333.22 (d) Unallocated (618.55) 4,542.21 (421.60) 11,919.15 Total 20,227 .30 29,333 .91 15,312.97 91,314 .33 less : Finance Costs 0.15 0.18 0.14 1.30 Total Profit before ta. 20,227.15 29,333.73 15,312 .83 91,313.03 3. Segment Assets (a) PMC 6,26,739.58 7,24,633.03 4,87,907 .16 7,24,633 .03 (b) Real Estate 1,78,289.18 1,70,482 .69 1,21,445.70 1,70,482.69 (c) EPC 29,014.80 34,138 .29 49,307.15 34,138 .29 (d) Unallocated 1,99,141.90 2, 25,489.85 2,56,596.44 2,25,489 .85 Total Segment Assets 10,33,185.46 11,54,743.86 9,15,256.45 11,54,743.86 4. Segment liabil ities (a) PMC 6,65,252 .53 7,92,48 0.61 5,86,865. 20 7,92,48 0.61 (b) Real Estate 21,736. 62 24,007.69 27,786.38 24,007.69 (c) EPC 20,860.44 28,056.8 1 37,952.83 28,056.81 (d) Unallocated 25,709. 17 25,635.33 18,5 11.45 25,635.33 Total Segment liabilities 7,33,558. 76 8,70,180.44 6,71,115 .86 8,70,180.44 The Compan y has reported segme nt information as per Ind AS 108 "Ope rating Segments". The Company has identified thr ee serv ice line as its ope rating seg ments i.e. Project Ma nage ment Consulta ncy (PMC), Real Estate a nd Enginee ring, Procurement & Constru ction (EPC). These ope rating seg me nts a re monit ored b y t he Company's Chief Operating Decision Make r and strategic decisio ns a re made o n the basis of segment op erati ng results. Place: New Delh i Date : August 11, 2026 For and on beha lf of NBCC (IN DIA) LI MITED ~ ' ~9' ~ (K. P. Ma hadevaswam y) Chairman & Managing Di rector (DIN: 10041435 ) ,l ~
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(A( IN 0 I A o K CHHAJER & CO. ----- CHARTERED ACCOUNTANTS ----- Mob : +91-93542-57245 Web : www.dkcindia.com Email: nksarraf@dkcindia.com Email: delhi@dkcindia.com Independent Auditor's Review Report on Unaudited Consolidated F inancia l Results of NBCC (India) Limited for the Quarter ended June 30, 2026 pursuant to the Regulations 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015, as amended Review Report To the Board of Directors NBCC (India) Limited I. We have reviewe d the acco mpanying Statement of Unaudit ed Conso lidated Financ ial Res ults ("the Statement") of NBCC (India) Limited {"the Holdin g Compan y") and its subsidiar ies (the Hold ing Company and its s ubsidiaries together refe rred to as "the Group") , and its s hare of the net profit after tax and total comprehens ive income of its joint ventures for the Quarter ended Jun e 30, 2026 , being submitt ed by the Holding Compa ny pursuant to the requirement s of Regulations 33 of the Secur ities and Exchange Board of India (Listing Obligation s and Disclo sure Requirement s) Regu lation s, 2015, as amended (the "Listing Regulation s"). 2. The Statement , whic h is the respon sibility of the Holdin g Company's Management and approved by the Holding Com pany's Board of Directors, has been prepar ed in acco rdance with the recognition and meas ureme nt principles laid down in the Indian Acco untin g Standard 34 "Interim Financia l Reporting" {" Ind AS 34"), prescr ibed under sect ion 133 of the Compan ies Act, 2013 ("the Act") as amended, read with relevant rules issued thereunder and other acco untin g principles gene rally accepted in India and in compliance with Reg ulations 33 of the L isting Re gulation s. Our responsibility is to express a conc lusion on the S tatement based on our review. 3. We cond ucted our rev iew of the Statement in accordance with the Standa rd on Review Engageme nts (SRE) 2410 "Re view of Interim Financial Inform at ion Perform ed by the Independe nt Aud itor of the Ent ity", issued b y the Institute of Chart ered Accou ntant s of India ("ICAI"). Th is s tandard require s that we plan and perform the review to obtain moderate assu rance as to whether the Statement is free of material misstateme nt. A review of interim financial information consist s of makin g inquiri es, prim arily of Holding Company's personnel respon sible for fina ncial and acco unting matte rs and applying ana lytica l and other rev iew procedures. A revie w is substantiall y less in scope than an audit conducted in acco rdance with Standards on Auditin g specifi ed under section 143( I 0) of the Act and consequently does not enable us to obta in assuran ce that we wou ld becom e awa re of all significant matte rs that might be ident ified in an audit. Accordi ngly, we do not exp ress an audit opinion. We also performed procedur es in accordance with the circular issued b y the Securities and Exchange Board of India ("SE Bf") und er Regulation 33(8) of the Listing Regulations , to the extent appl icable. KOLKATA. DELHI. BAN GALORE • MUMBAI • HYDERABAD· CHENNAI • BHUBANESWAR· PATNA • TINSUKIA # 1ST FLOOR, UNIT NO-1F, 111 PLOT NO-2 , SSG MAJESTY MALL, LSC STREET ROAD NO-43 GURU HARIKISHAN MARH, BLK-G, PITAMPURA, NORTH WEST DELHI, NEW DELHI-110034
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4. The Statement includes the finan cial res ults/fi nancia l information of the fo llowing entities: A. Subsidiaries: I. HS CC (India) Limited II. Hindu stan Steelworks Construction Limit ed Ill. NBCC Services Limited IV. NBCC DWC LLC (Located outside of India) v. NBCC Oversea s Real Esta te LLC (Located outside of India) w.e.f. Apr il 23, 2025 B. Joint Ventures: I. Rea l Estate Development & Construction Corporation of Rajasthan Limited II. NBCC- Mahavir Hanuman Group 111. NBCC- Ah insa Bui lders Conclusion 5. Based on our review co nducted and procedure s performed as stated in parag raph 3 above and based on the consideratio n of the review reports of the other auditors refe rred to in paragraph 7 below , nothing has come to our attention that causes us to believe that the accompanying Statement, prepa red in acco rdan ce with the recognition and measurement principles laid down in the aforesaid Indi an Accounting Standar d spec ified under sect ion 133 of the Act as amend ed, read with relevant rules issued thereunder and other acco untin g principles genera lly accepte d in India, has not disclosed the inform ation requir ed to be disclosed in terms of Regulation 33 of the Listing Re gulations, includin g the mann er in which it is to be disclosed, or that it contains any material misstatement. 6. Emphasis of Matter-s: We invite attention to the following matters 111 the notes to the Unaud ited Con so lidated Financial Results: 1. No te No. 4 regarding the purchase of a Group Housing plot in Naya Raipur from Naya Raipur Developm ent Authori ty (NRDr\ ) on lease in the year 2014. The carrying value of the land as on Jun e 30, 2026 in the boo ks of the Holding Compan y is Rs. 2,099.37 Lakh. The lease deed / conveyance deed yet to be executed betw een the ow ner s assoc iation / housing sociel), (yet to be formed ) and NRDA as per the terms of the development agreement. The cons truction on the said land is yet to start. lJ. Note No.5 regarding the non-execution of the cOlweyance deed in f.,-our of the Holding Company and other matter s incidental thereto, in respec t of the land at Faridabad (Haryana), forming part of the land bank (inventory) involving, in aggregate, a sum of Rs. 13,216.54 La"h for reason s s tated therein. lJl. Note No. 6 regarding pavment by the Holding Compan y to Land & Development Office, Minisu)" of Housing and Urban ,".ffairs as additional premium for availing additional ground coverage at Holding Company's built up and sold pro ject "NBCC Plaza" and incurring of other co nstructi on cost and co nsequential expenses thereo n for proj ect which is stuc k lip on accou nt ~ V~HAJ€"-9 <f . ("I o FRN! 0 ; 3041!!8E ,; .. " "'1& <::-,fbo 'ad AccO'U
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of similar demand of Rs. 3,224.45 LaId1, raised by Municip al Cor porati on of De lhi (Erstwhile South Delhi Municipal Cor porati on) in respect of additional ground coverage, in the year 2015. n'. Notes No.7 & 11 regarding the construction of a Gro up Hou sing Real Estate project at Kochi, Kerala , having carrying value of inventor y amounting to Rs. 8,700.9 1 lakh as atJune 30, 2026, remaining unsold for want of Environmenml Clearance (EC) and requisite statutory approva l. The State Expert Appraisal Committee (SEAC) recommended the grant of EC which was put on hold. Th ere after vide order dated May 16, 2025 the Hon'ble Supreme Court held that the 2017 Notification, OM of 2021 and all related circulars, Orders and Notifications issued in furtherance thereof as illegal and struck them down and accordingly the Compan y had written down the inventor y by Rs. 8,015.53 lald, as exceptional loss duri ng t he year ended March 31, 2025. On review petition filed by the aggrieved parties, the Hon'ble Supreme Court vide its order dated Nove mber 18, 2025, recalled the above judgement and the original writ petition s and civil appeals had been restored to file. Acco rdingly, exceptional loss of Rs. 8,015.53 lakh has been reversed during the year ended March 31, 2026. T he Hon'ble Supreme Court , vide its judgement dated Jul y 29,2026, issued directi ons with respect to Environmental clearances (ECs) already granted or pending considerations under the 2017 No tification s/202 1 Office Memo randu m (OM). The Compan y is in the proce ss of approaching SEAC for grant of EC in accordance with the dire ctions contained in the Hon'ble Supreme court judgement dated 26 Jul y, 2026 v. Notes No. 10 and 11 which describe developments concerning the Holdin g Compa ny's residential real estate project at NBCC Green View, Sector - 37 D, Gurugram, which had exhibited structural cracks and related to the reconstruction of the flats/units and refund the amount with interest to the homebuyers/ allottees. The H oldin£; Company rcwgnizcd the cumulative total provisions and write-offs till June 30, 2026 amounting to Rs. 46,882.51 Lald1 (tv/arch 31, 2026: Rs. 46,882.51 Lald1). Further, a recovery suit filed by the company for Rs. 75,000 Lald1 against construction contractor and 18 other litigations are ongoing. v[. Note No. 12 in respect of the demand of Value Added tax includin g interest and penalt y (DV AT Demand) for Rs. 40,480.01 Lakh had been set aside by Hon'ble r\ppellate Tribunal and remanded back for recalculation of the said tax liability vide its order da ted November 10, 2022. Till the reportin g date no order received by the Holding Company from DV,\ T Department. Accordi ngly, the contingent liability as may arise is not ascertainable as atJune 30, 2026. OUf conclusion on the Statenlent is not modified in respect of the above matters. In addition to abm-e, the statutory auditor s of below subsidiary company have given below mentioned E mphasis of Matters: HSCC (India) Limited (HSCC) - wholly owned subsidiary of the Holding Company 1. Regarding balance s in respec t of trade receivable, claims recoverable/payable, trade payable, retention money, cliem depo sits, earnest mone l' deposit, secn rity depo sit (receivable and payable) which are to confumation and reconciliation. Th e Company has made adequate ptovisions in its books of account against its receivables as per its credit policy. The Management does not expect any significant loss upon comp letion of confumation s/ reconciliation s on its financial statements. (Refer Note 14 (a) of the Statement ).
Page 14
u. Regardin g the projects which have been completed and hand ed over to Ministries/ Clients but these projects arc not financially closed in the books of account having assets & liabilities of Rs. 6,582.93 Iakh (1\[arch 31, 2026: Rs. 6569.52 lakh) and Rs. 15,956.45 lakh (1\<Iarch 31, 2026: Rs. 15,618.5 7 lakh) lying in fixed depo sits with bank s for refund due to project s financially closed as atJune 30, 2026. The Company is in the process of financial closure of remaining projects and refund of monel' lying in its book s of account. The !'v[anagement does not expect any s ignificant loss on its financial statenlent s upon f111ancial closure of the remaining pro jects. (Refer Note 14 Q» of the Statement ). w. Regarding construction of building which has not been commenced on leasehold land, having Gross Value of Rs. 389.16 lakh, whereas as per the lease deed the construction was to be completed by April 21, 2017. The Com pan )' has not paid the extension fee of Rs. 56.51 lakh along with related Goods & Service Tax as demanded by the Noida Authority vide their letter dated January 12, 2022 for the period coveri ng April 22, 2017 to April 08, 2022 as of the date of this report. However , the Compan y has provided for the extension fee as at June 30,2026 of Rs.1 03.89 lakh (March 31,2026: - Rs. 101.06 lakh) as per the lease deed exten sion charges payab le to New Okhla Ind ustrial Development Aut hority. (Refer Note 14 (c) of the Statement). IV. Regardin g "Te st to Treat Arogya Yojna" project, in which due to certain procedural and governa nce-related irregularities in the execution of work by the subcontracto r noticed during the previous year where uncertainty exists regarding the eva luation of the c0111plecion of work pending further examination under the said contract being conducted by the Company, the revenue and corresponding costs for the quarter from April 1, 2026 to June 30,2026 have not been recognized in the financial results of the current quarter. (Refer Note 14 (d) of the Statement ) Our conclusion on the Statement is not modified in respect of the above matters. 7. Other Matters: I. We did not review the financial results/financial information of five subs idiari es, whose unaudited financia l results /financial informati on reflect tota l revenues from operations of Rs. 44,885.71 Lakh , total net profit after tax of Rs.8 72.29 Lak h, tota l comprehens ive income of Rs. 922.74 Lakh for the quarter ende d June 30, 2026, respectively, as considered in the Statement which have been reviewed by other auditors. 11. We did not review the financial res ults/financial information of two joint ventur es, whose unaudit ed fina ncia l resu lts/ financia l in format ion reflect Group's share of profit after tax of Rs. 1.57 Lakh and total comprehensive income of Rs. 1.57 Lakh respectively for the quarter ended June 30, 2026, as considered in the Statement whic h have been reviewed by other auditors.
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Ill. The accom pany1l1g Statement includ es the unaudit ed financial resu lts/ financ ial information , in respect of one joi nt venture , whose unaudited financial results / financial inform atio n reflect Gro up's share of profit after tax ofRs. 1.82Iakh, Total comprehensive income of Rs. 1. 82 Lakh for the quarter ended Jun e 30, 2026, as considere d in the Stateme nt. The unaudited financial resu lts/finan cial information have not bee n rev iewe d b y the auditor s of the joint ventur e as mentioned in poi nt iii above and have been appro ved and furnished to us by the Ma nage ment and our conclusion on the Stateme nt in so far as it relates to th e a mount s and disclosures included in respect of this j oint ventur e, is based solely on such unaudit ed financial results/fi nancial information. Acco rding to th e informati on and exp lanati ons g iven t o us by the Management , this unaudit ed finan cia l results/financia l information are not material to the Group. IV. Two of the subsidiaries are locat ed outside India whose financial resu lts/financial informati on have been prepared in accordance with accounting principles generally accepted in that co untry ("local GAAP"). The Holdin g Company's Manage ment has convert ed this financial results / finan cial information of sa id Sub sidiar y companies from local GAAP to acco untin g princip les generally acce pted in India. We have reviewed these convers ion adjustments conducted by the Holding Compa ny's Management. v. The comparative conso lidated financial information of the Group for the corresponding quaI1er ended June 30, 2025 were reviewed by the predecessor aud itors who expressed an unm odifie d conc lusion on the same vide their report dated August 7, 2025. VI. The Board of Directors of the Holding company does not compri se of the requi site numb er of Independent Directo rs incl udin g Independ ent Woman Dire ctor as requir ed under Regulation 17 of SEB! (Listi ng Obl igation s and Disclosure Requirem ents) Regulat ions, 20 15. Further , the compo sition of Audit Co mmitt ee, No mination and Remuneration Commi ttee, were not in compliance as per provis ions of Section 177 and 178 of the Act and Regulat ion 18 and 19 of SEB I Regulati on durin g the quarter ended June 30, 2026. VII. In respect of Hindu s tan Steel Works Construction Limited (subsidiary of the Compan y) the company had not comp lied with the provi sion of section 149 of the Compan ies Act, 2013 in respect of constituti on of its Board of Director s, which did not have requi site number of independent directo rs. Ther e was also non - complian ce of the provi sions of Section 177, 178 and other rele vant sect ions of the Co mpan ies Act, 201 3 in respect of constitut ion of A udit Committee, Nom ination and Remuneration Committee and the business requir ed to be tran sacted at these committee meeting s etc. VIII. In respect of HS CC (India) Limited, wholly owned subsid iary of the Company is in the process o f constitutin g its Aud it Committee as per the requirem ents under clause 4 of Department of Public Ent erprises Guidelines. Further , the company is in the proce ss of appo intm ent of requi site numbers of Independent Director s in its Board of Directors, Audit Co mmitt ee and R emun eration Committ ee as per requirements under clau ses 3. 1.4 4.1.1 and 5. 1 respective ly of Department of Public Enterp ri ses Guid elines. c.I"IHAJ€"-I> ..... " o· Ffl.N '6 ~ 304t38E ": ':$ -. ~""'t.: ~,f &rsc:J AccO'V~
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IX. NBCC -R.K. Millen, the Holdin g Company's Jointly Co ntroll ed entity has not been considered for consolidation since it is not operational and, there is an ongo ing legal case between co-ve ntur ers. Our conclusion on the Statement is not modified in respec t of the above matters . For D K Chhajer & Co. C/JcII1el"d /l tWIIII/CIII/S Firm Regisuatio n No.: 304138E Nand Kishore Sanaf Partner Membership No.: 510708 UDTN: 26510708PQJMGJ7030 Place: New Delhi Date: August 11, 2026
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NBCC (INDIA) LIMITED (A Government of India Enterprise), A Navratna Company Regd. Address: NBCC Bhawan, Lodhi Road, New Delhi-110003 CIN : L74899DL1960GOI003335 Statement of Consolidated Unaudited Financial Results for the Quarter Ended on June 3D, 2026 ~ in Lakh Consolidated Particulars Quarter Ended on Year Ended on 30.06 .2026 31.03.2026 30.06.2025 31.03.2026 (Unaudited ) (Audited) (Unaudited) (Audited) 1. Income (a) Revenue from Operations 2,25,952.87 4,55,979 .82 2,39,248.75 12,88,86 1.4 2 (b) Other Income 6,137.44 5,879.82 7,300. 19 30,727.27 Total Income 2,32,090.31 4,61,859.64 2,46,548.94 13,19,588.69 2. Expenses (a) Purchases of Stock-tn-Trade/ Land & Material Consumed 4,155.68 3,298.03 4,022.38 47,006.94 (b) Changes in inventories of Real Estate Projects 2,023.38 2,657.30 1,390.98 (22,877.62) (c) Work & Consultancy expenses 1,91,077.85 3,95,029 .02 2,10,681.25 11,38,1 45.97 (d) Employee benefits expenses 9,368.76 10,614.20 8,951.15 37,922.09 (e) Finance Costs 0.41 0.96 0.71 3.41 (f) Depreciation and amortisation expense 352.96 389.00 300.68 1,306.68 (g) Impairment losses / (Reversal of Impairment losses) 224.38 (6,681.17) (562. 01) (5,751.49) (h) Write Offs 105.92 16,384.59 102.48 17,398.12 (i) Other Expenses 3,505.30 5,952.86 3,516.64 15,345.50 Total Expenses 2,10,814.64 4,27,644.79 2,28,404.26 12,28,499.60 3. Profit/ (loss) from operations before Share of Profit/ (loss) of 21,275.67 34,214.85 18,144.68 91,089.09 Joint Venture, Exceptional Items & Tax (1- 2) 4. Share of Profit/ (loss) of Joint Venture 3.39 14.53 0.43 27.45 5. Profit! (lo ss) from operations before Exceptio nal Items & Tax 21,279.06 34,229.38 18,145.11 91,116.54 (3+4) 6. Exceptional Items (Net) - - - (8,015.53) 7. Profit/ (Loss) before Tax (5 - 6) 21,279.06 34,229.38 18,145 .11 99,132.07 8. Tax Expense (a) Current Tax 4,939.50 6,789.34 4,081.96 21,653.33 (b) Deferred Tax 538.75 2,123.51 559.88 3,497. 62 (c) Taxation in respect of earlier years - (34.95) (263.87) 9. Net Profit/ (Loss) for the period (7 - 8) 15,800.81 25,351.48 13,503 .27 74,244.99 10. Net Profit! (Loss) attributable to (a) Owners of the parent 15,483 .07 24,138.97 13,212.99 72,003 .13 (b) Non Controlling Interest 317.74 1,212.51 290.28 2,24 1.86 11. Other Comprehensive Income (alii) Items that will not be reclassified to Profit or loss 59.08 15.12 (8.55) 182.65 (allii) Income tax relating to items that will not be reclassified to (14.87) (3.81) 2.15 (45.97) Profit or Loss (blli) Items that will be reclassified to Profit or Loss 51.33 389.58 (37.90) 123.88 (bllii) Income tax relating to items that will be reclassified to Profit or (12.93) (98.05) 9.54 (31.18) loss 12. Total Comprehensive Income (9 + 11) 15,883 .42 25,65 4.32 13,468.51 74,474.37 13. Total Comprehensive Income attributable to (a) Owners of the parent 15,552.69 24,380.08 13,178.23 72,180.57 (b) Non Controlling Interest 330.73 1,274.24 290.28 2,293.80 14. Paid up Equity Share Capital (Face Value of < 1 per share) 27,000.00 27,000.00 27,000 .00 27,000.00 15. Other Equity - - 2,74,726.26 16. Earnings Per Share (Not Annualized for the Quarter) (a) Basic (in f ) 0.57 0.89 0.49 2.67 (b) Diluted (in ~) 0.57 0.89 0.49 2.67 1
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2 The Statutory Auditors of the Company have carried out the limited review of these consolidated financial results as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; as amended. The Statutory Auditors have expressed unmodified conclusion. 3 The Board of Directors in its meeting held on August 11, 2026 have declared 1st Interim Dividend of t 0.15 per share (face Value of t 1.00 per share) for the financial year 2026-27. 4 The Group Real estate Land bank includes ~ 2099.37 Lakh up to June 30, 2026 (~ 2099.37 Lakh up to Mar ch 31, 2026) toward lease hold Land for a Group Housing Plot admeasuring 30,436 Sqm. at Naya Raipur, Chhattisgarh, lease deed in respect of which is yet to be executed. As per the terms of allotment, lease deed shall be executed between owners association / Housing society, to-be formed in future and Naya Raipur Development Authority (NRDA). The extent ion of time for construction was granted by the NRDA to the Group upto June 26,2027. The Group has, vide its letter dated August 9, 2026, requested the NRDA for further extension of the lease period by four years. The Group is in the process of development of land, approval for development from various authorities is being taken. 5 The Group Real estate Land bank includes ~ 13216.54 Lakh up to June 30, 2026 (~ 13178.41 Lakh up to March 31, 2026) toward Freehold l and for a Group Housing Plot admeasuring 16,753.99 Sqm. at Faridabad, execution of conveyance deed in respect of which is pending for want of Environment clearance which is dependent on submission of NOC from Forest Department . NOC from Forest department was not received on the ground that "the criteria for clarification of deemed forests is pending before the Hon'ble Supreme Court and Govt. of Haryana has yet not identified deemed forests". The Group had taken up the matter with Government of Haryana to either issue necessary instructions to Forest Department for issuing of NOC as required for Environmental Clearance or refund the amount paid with inter est to the Group. A provision of ~ 1073.66 Lakh as at June 30, 2026 ( ~ 1073.66 Lakh up to March 31, 2026) has been created in the books towards reduction in the Net Realisable Value of the said land. 6 The Group had paid a sum of ~ 3021. 78 Lakh to Land & Development Office (L&DO), Ministry of Housing & Urban Affairs (MoHUA) in the year 2011 as additiona l premium for availing additional ground coverage (FAR) for construction of "Additional Shopping cum Car Parking Blocks" in "NBCC Plaza" at Pushp Vihar, New Delhi. The Group has incurred a sum of t 1718.84 lakh on construction cost including gro und rent of the project till June 30, 2026 ( ~ 1718.84 lakh upto March 31, 2026). Real Estate Construction Work in Progress includes an amount ~ 4740.61 Lakh upto June 30, 2026 (March 31, 2026 ~ 4740.61 Lakh) toward said project. Project is on hold pending approval of building plan by Municipal Corporation of Delhi (MCD) since MCD is also demanding ~ 3224.45 Lakh towards additional FAR Charges. Since the parent Company had already paid the applicable FAR premium to l&DO , it contested the MCD's demand on grounds of dual chaq~ine for the same component by two different authorities. Further, the matt er has been deliberated in a meeting chaired by Hon'ble Mini ster of State, MoHUA held on April 13, 2026, wherein MCD has been directed to place NBCC's request before the Competent Authority/ House for issuance of conditional Sanction Building plan to facilitate completion of Phase II works by NBCC. Upon completion of Phase- II works, NBCC shall apply for issuance of Completion certificate and shall pay the requisite charges toward s Additional FAR to MCD. Further, l&DO has been directed to consider NBCC's request to examine the feasibility of execution of l ease Deed (conditional, if any) with NBCC, incorporating a provision for completion of the balance works. A complete provision representing the value of expenditure towards construction amoun ting to 'f 954.43 lakh up to June 30, 2026 (t 954.43 lakh up to March 31, 2026) has been created in the books. 7 The Group has constructed a Group Housi ng Real Estate project at Kochi, Kerala, comprising 3,20,216 sq. ft. of residential and 4,424 sq. ft. of commercial area on a Freehold land parcel of 3.18 acres having a value of 'f 281.77 l akh. Th e total cost including land, incurred on th e project amount s to f 8700.91 lakh up to June 30, 2026 (f 8700.91 lakh up to March 31, 2026). The sale of units in the project was put on hold due to the non-availab ility of Environmental Clearance (EC) and other requisite statutory approvals. RERA Registration was received for the project which has been expired in December, 2024 and renewal of the same was under process. The State Expert Appraisal Committee (SEAC) in 147th meeting held on July 21, 2023 recommended the grant of EC under the Office Memorandum (OM) dated July 07,2021 and January 28, 2022 issued by Ministry of Environment Forest & Clim ate Change (MoEFCC). EC was put on hold due to stay on both the aforesaid OMs by the Hon' ble Supreme Court, in W.P.(C) No. 1394/2023 titled Vanashakti vs. Union of India, vide order dated January 02, 2024. Vide order dated May 16, 2025, the Hon'ble Supreme Court held that the 2017 Notification, OM of 2021 and all related circulars, orders, and notifications issued in furtherance thereof are illegal and accordingly struck down . In view of sa id deciSion, the Group had written down the value of its inventory toward said project by t 80 15.53 lakh as Exceptional Item and Value of land of the project was restated at its original cost of t 281.77 lakh and was shown under "real estate land bank" and'f 435.38 l akh was being shown under "Real Estate Building Structure (Unsold Units) -Scrap", being net realisable scrap value in FY 2024-25. In the Financial Year 2025-26, the Hon'ble Supreme Court, vide judgment dated November 18, 2025 in the Review Petition, recalled its earlier judgment dated May 16, 2025 and restored the original writ petitions and civil appeals to file. Accordingly, the earlier write -down amounting to t 8015.5 lakh has been reversed as Exceptional Item and the project has been reinstated under "Real Estate Inventory (Work- in-Pro H~t1 al total cost in FY 20 - d on the valuation done by the ,"",,,, ,,",,"",",, ,; ''''- <~ ~ @ ~ ~ 304138E* '" ~. 2- ':$ ... rI) :., mm:a 0 ~'" $' ~ ~ 1'& ~~ C $ "SdACCOQ C'O/YOIp..')\"'\
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The Hon'ble Supreme Court, vide its judgment dated July 29, 2026, issued direction s with respect to Environmental Clearances (ECs) already granted or pending consideration under the 2017 Notification/2021 Office Memorandum (OM). The Court directed that any application which had been dismissed, returned, or delisted solely on account of the stay order dated January 2, 2024 and/or the judgment in Vanashakti-I may be reconsidered by the concerned authority in light of the observations made in the said judgment, particu larly the prospective quashing of the 2021 OM. In view of the said judgement, the Company is in the process of approaching the State Expert Appraisal Committee (SEAC) for reconsideration and grant of Environmental Clearance which has been kept on hold due to stay order dated January 02,2024. 8 The Group Real Estate Completed Projects includes ~ 916.96 lakh up to June 30, 2026 (~916.96 lakh up to March 31, 2026), towards its share in development of a project located at Jackson Gate, Agartala, under Joint Operations with Agartala Municipal Corporation (AMC). Since the project has already been completed, RERA registration is not required, as confirmed by the Tripura Real Estate Regulatory Authority (T-RERA). The Company received communicat ions from Agartala Municipal Corporation that Govt. of Tripura has decided to set up a 50 bedded city hospital in vacant portion of building. AMC has initiated the process for obtaining necessary budgetary allocation to acquire the entire building under Agartala Municipal Corporation by purchasing complete share of Group for the said purpose. AMC has paid 'f 500.00 lakh as 1st installment for purchase of company share of the said property on July 01,2026. 9 The Group Real Estate Completed Projects includes ~ 5806.44 lakh up to June 30, 2026 ( ~ 5806.44 l akh up to March 31, 2026) towards the cost of a Group Housing proje ct constructed on lease hold land located at Alwar named Aravali Apartments. The substant ial portion of the project was completed in the year 2018. The completion certificate of the project has been obtained and RERA registration/exemption has been received from Authority on October 29, 2024. A provision of 'f 1256.44 lakh had been created in the books towards reduction in the Net Realisable Value of the said Project upto M arch 31. 2025. Pursuant to the e-auction conducted during the financial year 2025-26, the group has received a firm sales commitment from the H-l bidder for sale of the project on an "As Is Where Is" basis for a total consideration of 'f 5,855 lakh. In view of the said firm sales commitment and the resultant increase in net realisable value, the provi sion of f 1,256.44 lakh created up to March 31, 2025 has been reversed during the year ended on March 31, 2026, in accordance with Ind AS. 10 The Group had developed the NBCC Green View residential project at Sector-37D, Gurugram. Following structural defects, the project was evacuated and settlement options, including reconstruction and refund, were offered to allottees. Buyback/refund payments, inventory write-downs, capitalization of project-related statutory expenses, and reversal of provisions for rental reimbu rsements incurred during the quarter ended on June 30, 2026 were accounted for appropriately as disclosed Exceptional Item in Note 11. The project rema ins under reconstruction, with related inventory classified CIS work-in-progress. The company has recognized total provisions/write-offs/expenses amounting to ~ 46,882.51Iakh up to June 30, 2026 (~ 46,882.51Iakh up to March 31, 2026) as exceptio nal items. A recov ery suit has been filed in the Delhi High Court against Ramacivil India Construction (P) ltd. and others for 't' 75,000 lakh related to the project. Currently, there are 18 pending litigations against the company from allott ees, who are neither accepting refund as per NCDRC nor optin g settlement throug h reconstruc tion, and also from cont ractor s. The costs and liabilities (if any), that may possibly be incurred towards additional interest or other compensation are not ascertainable as on date. However, quantifiable claims of homebuyers/allo ttees and cont racto r is 'f 6393.92 lakh as at June 30, 2026 (M arch 31, 2026 ~ 6355.92 lakh), has been included in Contin gent liability of the Group. 11 Exce pt ional items: Particulars Quarter Ended on Year Ended on 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Write down/(Reversal of Write down) of Inventory - Group (8,015.53) - - - Housing Real Estate project at Kochi, Kerala. * Write down of Inventory· Green View, Sector - 37 0, Gurugram 0.50 263.02 192.60 1,004 .95 Rent Expenses Incurred towards Allottees opted 91.62 89.17 89.17 Reconstruction Option - Reversal of Provisions made for Rental to Allottees opted (91.62) (89.17) (89.17) Reconstruction Option - Provision/(Reversal of Provision) for Buyback of Flats/Units, Construction Cost for Reconstruction of Flats/Units & Refund (0.50) (263.02) (192.60) (1,004.95) as per NCDRC Order etc. Exceptional item (Net) - - (8,015 .53) * Refer Note No.7
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12 In the F.Y. 2022-23, DVAT Demand of f 40,480.01 lakh raised in earlier years has been set aside by Hon'ble Appellate Tribunal vide order dt. November 10, 2022, However the case has been remanded back to ld. OHA for recalculation of Tax liability. Till the reporting date no further demand order has been received by group from DVAT Department in this case. Hence, contingent liability in the said case not ascertainable as at June 30, 2026. 13 NBCC has a wholly-owned subsidiary named HSCC (India) limited. A Scheme of Arrangement for merger of HSCC with NBCC has been proposed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. DIPAM conveyed its no-objection to the proposed merger vide communication dated July 09, 2026. Thereafter, a joint first motion application was filed before the Ministry of Corporate Affairs/Central Government on July 17, 2026. The proposed Scheme is subject to approval/sanction of the competent authority and receipt of such governme ntal, statutory and regulatory approvals, directions and filings as may be applicable. 14 Notes in respect of one of the subsidiary, HSCC (Indi a) Limited:- (a) The clients of the company are Government ministries, Government Departments, Government Authorities and Public Sector Undertakings. The balances of the clients are in the nature of Trade Receivables, Earnest Money Deposit, Security Deposit (classified under current assets) and Deposits from clients (classified as other liabilities). Generally, these balances are not confirmed by the concerned authorities. However, in line with its credit risk policy, the company has made adequate provisions in the books of account. For the purpose of its various projects, the company has incurred liabilities in the nature of trade payables, retention money and earnest money deposits (classified as current liability). Balances of these liabilities are in process of confirmation/reconciliations. Management has put in place a system of confirmations/reconciliations periodically on regular intervals where management is certai n significant amounts of confirmations/reconciliations will be completed by year end. The Company does not expect any significant impact upon completion of confirmations/reconciliation on its Financial Results. (b) There are some projects which have been completed and handed over to Ministri es/ Clients but these projects are not financiall y closed in the books of account having assets and liabilities of ~ 6582.93 lakh as at June 30, 2026 (March 31, 2026: ~ 6569.52 lakh). The company is in the process of financial closure of remaining projects and refund of money lying in its books of accounts. Some of the projects which are physically and Financially closed and having fixed deposit and corrosponding liabilities of f 15,956.45 lakh (March 31, 2026 : ~ 15,618.57 lakh) are pending for refund as at June 30, 2026. The Management does not expect anv significant loss on its financial results upon financial closure of the remaining projects. (c) The Company Property Plant & Equipments (Right of Use Assets- leasehold land) includes plots nu. E-13 and E-14 at Sector - 1 Noida, as per clause no. 4 of the deed, the lessee i.e. H5CC (India) limited shall have to erect and complete the construction of building on the demised land within the specified period of four years unless the lessor allows extension of time. Company has received a Jetter from Naida authority vide their letter dated January 12, 2022 for the period covering period from April 22, 2017 to April 08, 2022 for payment of extension fee of ~ 56.51 lakh plus G5T but the same ;s not yet paid. However, the company has provided for the extension fee as at June 30, 2026 of ~ 103.89 lakh (March 31, 2026:- ~ 101.06 lakh) as per the lease deed extension charges clause payable to New Okhla Industrial Development Authority. (d) During the financial year 2024-25, the company HSCC (India) Limited had entered into a contract with Maharashtra Building & Other Construction Workers Welfare Board ("MBOCWW" of Board") for the implementation of "Test to Treat Arogya Yojna". For the execution, the work was subcontra cted to 52 Infotech International Limited (hereinafter referred to as "the sub-contractor") vide agreement dated August 16, 2024. During the financial year 2025-26, based on an internal examination, the Management observed certain procedural and governance related irregularities in the execution of work by the subcontractor. Consequently, uncertainty exists regarding the evaluation of the completion of work pending furt her examinat ion under the said cont ract. Accordingly, the Company has not recognised any cost and corresponding revenue under the contract for the period and Quarter from December 01, 2025 to March 31, 2026 and April 01, 2026 to June 30, 2026 respectively. Further, revenue amounting to ~24,732.84 lakh and corresponding cost amounting to ~24,220.87 lakh, which had been provisionally recogni sed for the period from December 01,2025 to January 31, 2026, have also been reversed. However, till the final decision in this matter, the management has recognized revenue (~99 , 261. 77 lakh) and corresponding cost ( '( 97,207.05 lakh) for the eight-months period from April 01, 2025 to November 30,2025 in the previous Vear . Also for the period from August 16, 2024 to March 31, 2025, revenue (of ~ 69,812.77 lakh) & cost (of ~ 68,367.64 lakh) that was recognized in the FV 2024- 25, the accounting adjustments, if any will be made in the due course. During the period, the BOCWW Board, vide its letter dated June 25, 2026, has closed the Test to Treat Arogva Vajna Scheme and directed the Company to submit a report detailing the actions taken following the closure of the scheme.
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15 Notes In respect of one of the Joint Venture, NBCC- R.K Millen:- The Group has won arbitration award in respect of disputes with JV partner M/s R.K. Millen & Co. (INDIA) Private limited. The award is partially realised and the amount of investment in JV has been adjusted against it in the year 2019-20. The dissolution of the defunct partnership shall be pursued after receiving award amount in full. 16 Comparativ e figures have been regrouped / recasted/ rearranged wherever deemed necessary to conform to current period classification and negative fjgures have been shown in brackets. Place: New Delhi Date: August 11, 2026 for and on behalf of NBCC (INDIA) LIMITED (K. P. M.hadevaswamy) Chairman & Managing Director (DIN: 10041435) 2- Ck---
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NBCC (INDIA) LIMITED (A Government of India Enterprise), A Navratna Company Regd. Address: NBCC Bhawan, Lodhi Road, New Delhi-110003 CIN : L74899DL1960G01003335 Statement of Consolidated Unaudited Segment Result s for the Quarter Ended on June 30, 2026 ~ in Lakh Consolidated Particulars Quarter Ended on Year Ended on 30.06.2026 31.03.2026 30.06.2025 31.03.2026 (Unaudited) (Audited) (Unaudited) (Audited) 1. Segment Revenue from Operations (a) PMC 2,15,570.96 4,35,678.66 2,26,953.13 12,37,509.70 (b) Real Estate 5,389.61 4,272.62 2,238.25 10,009.45 (c) EPC 3,594.51 14,043.88 9,830.29 38,200.89 (d) Unallocated 1,397.79 1,984.66 227.08 3,141.38 Total 2,25,952.87 4,55,979.82 2,39,248.75 12,88,861.42 Less: Inter Segment Revenue - - - - Total Revenue from Operations 2,25,952.87 4,55,979.82 2,39,248.75 12,88,861.42 2. Segment Results Profit before tax and Interest (a) PMC 19,376.57 30,998.00 17,069.66 79,053.44 (b) Real Estate 2,533.50 (479.74) 437.55 10,647.84 (c) EPC (413.18) (338.54) 521.15 2,785.81 (d) Unallocated (217.42) 4,050.62 117.46 6,648.39 Total 21,279.47 34,230.34 18,145.82 99,135.48 Less: Finance Costs 0.41 0.96 0.71 3.41 Total Profit before tax 21,279.06 34,229.38 18,145.11 99,132.07 3. Segment Assets (a) PMC 9,83,095.46 10,98,437.05 8,13,639.66 10 , 98,437.0~ (b) Real Estate 1,84,977.08 1,77,132.44 1,22,675.91 1,77,132 .44 (c) EPC 48,314.82 54,151.66 67,296.60 54,151.66 (d) Unallocated 2,67,787.35 2,97,657.00 3,25,571.83 2,97,657.00 Total Segment Assets 14,84,174 .71 16,27,378.15 13,29,184.00 16,27,378.15 4. Segment Liabilities (a) PMC 10,33,798.90 11,82,951.59 9,22,679.51 11,82,951.59 (b) Real Estate 21,725.08 23,985.29 27,781.90 23,985.29 (c) EPC 49,427.48 57,554.47 65,059.74 57,554.47 (d) Unallocated 41,790.76 41,337.73 33,072.08 41,337.73 Total Segment Liabilities 11,46,742.22 13,05,829.08 10,48,593.23 13,05,829.08 The Group has reported segment informati on as per Ind AS 108 "Operating Segments". The Group has identifi ed three service line as its operating segments i.e. Project Management Consultancy (PMC), Real Estate and Engineering, Procurement & Construction (EPC). These operating segments are monitored by the Group's Chief Operating Decision Maker and strategic decisions are made on the basis of segment operating results. Place: New Delhi Date : August 11, 2026 For and on behalf of NBCC (INDIA) LIMITED (K. P. Mahade vaswamy) Chairm an & Managing Director (DIN: 10041435) ~ Q G
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A Navratlla CPSE An ISIISO 9001 :201 5 Certified Comp any (For Providing Project Management Consultancy and Execution of the Projects) 11;fit-«r-«r (~) ~ ('1'TUf 1'R'!iR 'I'T ='I) NBCC (INDIA) LIMITED (A Government of India Enterprise) Annexure - 2 Date: 11.08 .20 25 OTHER INFORMATION- INTEGRATED FILING (FINANCIAL) - FOR THE QUARTER ENDED 30 JUNE 2025 (In accordance with the SEBI circular no . SEBI/HO/CFD/CFD-PoD-2/CIR/P/185 dated December 31,2024) SL. NO. 1 2 3 4 PARTICULARS REMARKS B. STATEMENT ON DEVIATION OR VARIATION FOR NOT PROCEEDS OF PUBLIC ISSUE , RIGHTS ISSUE, APPLICABLE PREFERENTIAL ISSUE, QUALIFIED INSTI TUTIONS PLACEMENT ETC. C. FORMAT FOR DISCLO SING OUTSTANDING DEFAULT NOT ON LOANS AND DEBT SECURITIE S APPLICABLE D. FORMAT FOR DISCLOSURE OF RELATED PARTY NOT TRANSACTIONS (APPLICABLE ONLY FOR HALF-YEARL Y APPLICABLE FILINGS I.E. , 2ND AND 4TH QUARTER) E. STATEMENT ON IMPACT OF AUDIT QUALIFICATIONS NOT (FOR AUDIT REPORT WITH MODIFI ED OPI NION) APPLICABLE SUBMITTED ALONG-W ITH ANNUAL AUDITED FIN ANCI AL RESULTS (STANDALONE AND CONSOLIDATED SEPARATELY) (APPLICABLE ONLY FOR ANNUAL FILING I.E., 4TH QUARTER) www.nbccindia.com For and on behalf of NBCC (India) Limited (K. P. Mahadevaswamy) Chairman & Managing Director 'l..<V-- CORPORATE OFFICE NSCC Shawan, Lodhi Road, New Delhi·ll0 003 Tel. EPASX: 91·1 1·2436731 4·15 CIN·L74899DL 1960GOI003335