Interim report
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PNC lnfratech Limited Ref No: PNCISEIT 1126-27 To, The Manager Department of Cotporate Services BSE Limited Floor 25, P.J. Towers, Dalal Street, Mumbai - 400 001 Scrip code:539150 Date: 28.10.2026 To, 1'he Manager Listing Department National Stock Exchange o1'India Limited Exchange Plaza, BandraKurla Complex, Bandra (E), Mumbai - 400 051 NSE Symbol: PNCINFRA Dear Sir, Sub: Outcome of the Board mcctinq held on Clctober 28, 2026 Pursuant to Regulation 30, 33 and any other applicable provisions of the SEBI Listing Obligations and Disclosure Requiremcnts) Regulations,2015 iSEBI Listing Regulations 2015) rve u'ould like to inform you that the Board ol Directors o1'the Cornpany in their meeting helcl on wednesday, october 28,2026 at 12:15 p.M. and concludetl at 15:30 p.M. inter-alia considered, approved and taken on record the following:- l. The Unaudited Standalone & Consolidated Financial Results for the quafter & half year ended Septernber 30,2026, in conrpliance u,ith I{egulation 33 of SEBI O.ODR) Regulations 2015; 2, Limited Rcview Report on the aforesaid Unauditecl Stanclalone & Consolidated Financial Results for the quarter & halfyear ended September 30,2026; Iufiher, we enclose herewith the llnaudited Standalone & Consolidatecl Financial Results for the quarler & half year endcd September 30, 2026 alongwith Limited Review Report issucd by M/s. NSBP & co., chartered Accountants, statutory Auditors of the company on thc said results. We request you to take the above infbrmation on record. Thanking you, Yours faithfully, For l'NC Infratech Limited Tapan.Iain Company Secretary & Compliance Officer ICSI M. No.: 422603 Encl: a/a Corporate Office : PNC Tower, 3122-D, Ctvil Lines, Bypass Road, Tel. : 91-562-4054400 (30 Lines) 91-562-4070000 (30 Lines) Tel. :91-11-29574800 (10 Lines) 91-11-29566511 , 647 24122 Fax : 91-562-4A70011 Emait : ho@pnctnfraiech.com Fax : +91-11-29563844 Email :delhioffice@pncinfratech.com Web. : www.pncinfratech.com CtN :145201Dl1999plc195937 NH'2, AVa-282A02 Regd. Office : NBCC Plaza, Tower Jt, 4th Floor, Pushp Vihar, Sector-V Saket New Delhi*1 1001 7 (lndia)
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Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company, Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Review Report to The Board of Directors PNC Infratech Limited I. We have rcvierved tl.re accompanying statoment of unaudrted standalonc financial resr"rlts oI PNC Infratech Limitcd (the ''Compary'') lor the quarter ended Septembcr 30, 2026 and ycar to date period from April 01. 2026 to Seplcmber 3(),2026, rvliich includes the Financial Result of 3 jornr opcrations consolidated on a proportionate basis listed in Annerure-A (the "statement"), beirg submitted by the Companl, pursuant to the requirements of Regulation 33 of the SEBI (Listing Obltgattorrs atd Diselosure Rcquireuents) Regulattons. 20!5. 35 n11en6e4 thefeafter (tlre'L.isting Rcgr-rlations"). 2. The Company's Management is responsible for the preparation ofthe Statement in accordalce rvith the recognition and measurement principles lard dorvn in Indian Accounting Standard 34. (lnd AS 34) "Interim Finaacial Reporting" prescribed under SecLion 133 of the Companies Act.2013 as amcnded, read rviflr relevant rules issued thereunder and other accounting principles generalll, acceptcd in India and in compliance r'vith Regulation 33 of the Listhg Regulations. The Statemcnt b-as beer approved by the Coupan_v's Board ol Diracrars. OLu resp,onsibilir;, is ra exproir a conclusion on the SLatement based on our revicw. 3. Wc conducted our revielv of the Statement in accordance rvith the Standard on Rericlr Engagements (SRE) 2410. "Revierv of Interim Financial lnfonnation Performed bv Lhe lndependent Auditor of the Enti5, ". issued by thc Institute of Chartered Accountanls of Indii. This standard requires that lve plan and perform the revies.to obtain moderate assurancc as to ryhether the Statement is frcc of material misstatement. A review of interim financial information consists ol making inquiries, ptimaril,v ol persons respgusible for fiuareial and aecounfing ma ors, a!1d applf ing aralytical and other review procedurcs. A revielv is sr"rbstantially less in scope than an audit conducted in accordance rvith Standards on Auditing and consequently does not enable us to obtain assurancc that rve would become arvare of all significant matters that might be identificd in an audit. Accordingly. we do not express an audit opinion. 4. Bascd on our revierv conducted and audit procedure performed as statcd in para 3 above- nothing has come to our atlention tlat causes us to belicve that the accomparrying Statement. prepared in acoordance with the rccognition and measurernen', prinoiples Iard down in trnd AS 34- presoribed under scction 133 of the Companies Act, 2013, as amendcd. read rvith relevant rules issued thereunder ar.rd othcr accounting principles gcnerallv accepted ir.r lndia. has not disclosecl the infonnation rcquired to be discloscd in tenls of thc Listing Regulations. including thc manner il rvllch it rs to bc disclosed, or that it contails any material misstatement. Emphasis of Matter 5. As disciosed rn Note No. 06, Tlle National Highrval,s Authoritv ol india (IIHAI) had dcbared Conrpany's SPV Arvadh Exprcssrvays Private Lir.nited on 03.09.2026 and subsequently the Company on 11.09.2026 for participation in bidding process rvith NHAVMoRTH for 03 1,ears on the ground ofalleged contractual dispute and struct[al defects on a specific package of the Karpur Lucknow Expressways project. The Hon'ble Delhi High Court had stal,ed the said dcbament order on 13.10.2026. Our conclusion is not modified in resDect ofthis matter. Page 1of 3
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Other Matter 6. The accompanying Statement includes unaudited interim financial results and other unaudite.d financial information in respect of: . 3 joint operations, whose financial information reflects total assets of Rs.90,905.43 Lakhs as at September 30,2026, total revenues ofRs.11,491.53 Lakhs and Rs.2l,65l.l1 Lakhs, total net profit{oss) after ta,r of Rs.0.03 Lakhs and (Rs.3.67 Lakns) and total comprehensive income(losses) of Rs.0.03 Lakhs and (Rs.3.67 Lakhs) for the quarter ended septimber 30, 202_6 and, year to date period from April 01,2026 to September 30, 2026 respectively and net cash outllow of Rs.2282.00 lakhs for year to date period from April 01,20261o September 30, 2026 as considered in the Statement which have been reviewed by their respective independent auditors. The independent auditor's reports on interim financial results of these entities have been fumished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these joint operations is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the report ofthe other auditors. For NSBP & Co. Chartered Accountants Firm Regishation Number: 00 t 075N na m ru iwa s,'jn;'illl,li'jlf"o' ralan f:';;:11:'# Ram Niwas Jalan Parher Membership Number: 082389 UDIN: 26082389FP1W8J37 6l Place: New Delhi Date: October 28,2026 Page 2 of 3
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PNC INFRATECH LIMTED Rcgistered office: NBCC PLAZA Toier II. 4'h Floor. Pushp Vrhar. icctor-5, Ncw Delhi-110017 List of Join-t Oper-ations with fo[owing entities du.rin_g the quarter en-ded Septem.t:er 30'.- 2026 l. PNC-SPSCPL Joint Venrure (2 Joint Operations) 2. PNC-SPML Joint Ventue Page 3 of 3
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PNC INFRATECH TIMITED Regirtered Office: NBCC pLAjaA, Tower [, 4th Floor, pushp Vlhar, Sector -S, New Delhl_tt0O17 ON: I45201DU999P1C195937 E-mail: comolianceofficer@Dhainfratechrcom Website! u4taw.pndnfratech.com Statement of Unaudited Standalone Financial Results for the Quarter and Halfyear ended Septemb er 80,2O26 5r. No { tn lakhs (Except Eps SeDtember 30 2026 lune 30 2026 September 30 2025 5eptember So 2026 September 30 2025 March 31 2026 Unaudited 'LJnaudited t,naudited Unaudited unauditcd 2 1 3 4 5 6 7 li rl, til lrr 1',1 1,, ,l',1, rr lo ,, l' llncome al Revenue flom operataons blOther rncorie Tota, lncome Expenses a) Cost of materials consumed/ Contract paid b) Employee bencfi ts expense c)Financecosts dl Depreciationandamortisation expense el Other exoenses Iotalerp€nses la to e) folal Profit befo.e exceplionalitem and taxit.2) ' Exceptional ttems - tncome/(Expenses) total Prolit befo.e ta! (3r4) fax Expense )lCu.rentTax , Taxation in aespect ofeartiervears , Deferred rax charge/(credit) 'otal Provision Ior Tax.tion (a io c) let Profit/{toss) afrer tax l5-5) )ther Comprehensive ln.ome/ (Loss) :ems that will not be reclassified to profit or toss (Net of taxes) .ems that willbe reclassified to profit or loss {Net of taxes} otal Comprehensive tncome after Tar (7+g) aid.up equity share capltal (Faae valuei < 2 per ihare) lthe.6quity arninBs pershare. EasE & Dituted ll) :ace value: l2 per share) 1,14,560.19 2,039.58 1,51,820.69 4,224.93 98,303.08 1,908.84 2,66.380.88 6,264.51 2,17,949.30 2,92!.02 4,63,346.96 13a4.71 1,76,599.77 1,56,045.62 1,00,211.92 2,72,645,39 2,r4,470.32 4,70,731.67 81,067.35 9,039.14 2,476.53 3,503.07 10,648.11 93,236.11 9,916.96 2,W7.7a 3.259.47 11,m4.42 67,s95.60 7,714.33 2,208.99 2,O73.74 9,370.35 1,74,3u3.46 18,956.10 4,4U,31 6,762,54 21,852.s3 7,49,982.57 L6,629.29 4,320.89 4,021.L9 t7,662,71 3,31,8S4.47 32,S58.28 9,525,97 9,506.06 40.648,53 1,06,734.20 1,19,624.74 88,963.01 ?,26,358.94 r,92,616.6s 4,24,093.3!. 9,865.s7 35,120.88 11,248.91 527_96 46,285.45 22,253_61 521.96 45,638.36 45L42 9,86S-s7 35,420.88 77,170.a7 46,286.45 22,715.63 47,089,73 2.424.88 ' 9,215.85 742.73 2,585.66 564.79 11,640,73 326.57 5,513.78 564.18 11,560.91 1.74 !,LLz.77 2,608.12 9,358.58 3,1S0.45 11,957.30 6,077,96 72,675-42 7,256.8s 77,062.30 a,620.42 34,319.15 L6,697.67 34,414.36 185.97 185.98 87.36 371,95 774.70 743.90 7,442-a2 27,24'd 28 4,707.7A 34,591.10 15,a72.3 J 3s,158.26 5,130.78 5,130.78 10.55 5,130.78 3.36 13.38 5,130.78 6.51 5.130.78 t130.78 5,75,990.29 13.41 Ram Jalan trt iwas i;',;,iiiiffijj, Date:2026-10.2a l5:36r:19 +05 30' 6'FEqD
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PNC lnfratech Limited CIN No : 145201D11999PlC195937 Statement of Standalone Assets and Liabilities As at September 30, 2026 ln Partrcularc As at September 30, 2025 Unaudited As at March 3L,2026 Audited I 1. ASSETS Non-current assets (a) Property, plant andequipment (b) Right-of-use assets (c) Capital work-in-progress {d) lntangible asset (e) Financialassets li) lnvestments (ii) Other financial assets . lf) Deferred tax assets(net) (g) Other non-current assets Total Non-curreot assets Current assets (a) lnventories (b) financialassets (i)lnvestments (ii)Trade receivables (iii) Cash and cash equivalents (iv) Bank balances otherthan liii) above (v) Lqans (vi) Other financial assets (c) other current assets Total current assets 66,952.36 1.418.89 3,652.67 157.96 2,32,295.58 !6,323.26 L,364.67 41,624.84 60,923.87 1,646.57 37A.45 188.85 2,22,887.58 18,948.53 1,816.34 47,298.42 3,69,790.23 98,724.04 75,657.73 1,51,544.59 49,544.82 75,620.79 4,450.00 12,885.44 1,03,611.83 3,s4088.ss 76,725.86 62,726.65 7,66,037.79 44.701.49 76,972.48 3,450.00 9,020.77 95,220,2A 5,77,442.04 4,73,60!.06 TotalAssets 8,47,232.27 8 t27 ,649.6! EQUITY AND LIABILITIES EquitV ia) Ecruity share ca pita I ib) Other equity Totalequitv Liabilities Non-current liabilities ial Financiai liabilities ii) Borrowrngs (ii; LEdse iabililies {iii) Other linancidl Irab;tir;er (bJ Provrs ons lcJ Other non-current liabtrrtres I Total non-current liabilities Current liabilities I ia) Financi.l liabilities ii) Borrowrngs l iii) Lcase r,aoilitres iiii)Trade pavables Ia) D-es of mrc o and sTna,l elte,pnqes I (b) Due( of credilor oil.er tha,1 micro and smal' Ente.p.,ses ] (ivl Orher finan(;ai liabililies I (b) Other cLrrenr liabililies ic) Prov,sions I Totalcurrent liabiliti"t -4 II 1 5,130.78 6,09,142.16 5,130.78 5,75,990.29 33,459.4A 1,269.75 34,144.75 402.O4 4,59r.2s 6,74,272,94 s,8L,L?L.07 20,394.21 7,s07.65 31.,714.38 951.s6 10,359.26 73,a87.27 97,774.28 449.33 11,612.58 41,103.21 26,682.A9 72,989.62 2,540.1s 64,9a7.L2 53,677.42 392.70 1s,636.32 52,875.55 32,104.58 16,767.03 133.82 \ 1,93,092.06 l 1,81,581.42 Total Eqqity and Liabilities zlpj.E$,9\ 8"su3r, 8,27 ,689.67 m Niwas3"n'ill[:,1"#, Ian Date: 2026.'10.28 l5:37:21 +05'30' r,\rt4s- * -.,u
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PNC lnfratech t"imited CIN No ; 145201D[1999P1C1959]7 Statement of Standalone Cash Flow for the half vear ended september 30, 2026 flow rrom Operating activiti€s Profit beior€ exceptionalitem and rax Adjustmenttor: Ram Digilallysigned bv Bam N w.s NiWas r,run Date:2026 1023 Jalan ts:17:4r +os'to Depreclation and amortisation exoenses finance costs lnt€rcst lncome lnterest lncome on Arbit6tion Award {Profitl/Loss on sale of property, plant & equipment and tntangible assets (net) (Profit)/toss on sale of investments in mutualfund (net) linctuding fakv.luationj {Profit)/ toss on lease modilication/ cancetlation I {Gain}/Loss on foreitn exchante fluctuations (n€t) I Provislon for glarulty & teeve liabtlity i Allowance/(reversal of allowancel for expected credit toss lOperating profit before uorklnt capltal changes I Adrustments lor changes in $rorldng aapital: I {ldc.ease}/dEcreaserntraderere,vabtes | (lncrease)/d€creaseininventories J (lncrease)/decr€ase in non.cunent asseB | (hcrease)/decreaseincurrentassets J hcrease/{dec.€ese) in trade payebtds i lnErease/(decrease)innon.currentliabilities I lncrease/ldecrease)lnothercunentllabjlities I lncrease/{dec.€ase)inprovisions lC6sh lused inl/ gefle.ated from op€ratiry actilittes Net casb lused in)/Sanerared from operating acrivities (A) Ilow lrom lnvesring acrivities Purchase ofP.openy and planl & equipments (tncluding Cwlp) Purchase of lntengible assets Sale of Proper9 and plant & equipments lnveslment in subsldiary companieg Share appllcalon money Proceeds from d isposal of investment tnsubsidiar;es Purchase of curent invertmenLg (mutual fund) Sale of current investments (mutual fundl Proreeds from/ (lnvestment) in term depostt & other bank batance Loans {giveo) to subsidiaries tompanies Loan aepaid by subsidiaries companies lnt€rest lnaome on Arbit6tton Awerd lnterest aeceived .ash {uscd in )/gene rated from investing activities (B) flow from Finrnring activitias P roceeds from term loan borrowines (Repayment) of term loah borrowings. Loan taken from subsidiaries companies Loan kepaid) to subsidiaries companies Proceeds/ (.epaymem)of workinS capital loans from banl (netl Lease payment including interest oMdend paid cash {used in)/generated from fitrancinS acrivi!ies {cJ {oecrease} / lncrease in cash & (ash equivatenrr {A+B+C} 52,546.55 74,492.60 2,15t.30 112,147 19,544_66 1,857.50 29.145.49 3,467.47 1,804.66 {s,847.50} 9.934 t7 127 134,917.15i 11,025.00 39,800.00 (277.26) 30,036.00 \261_37) September 30 2026 september 30 202s 6,762.s4 | 4,021.19 4,484.31 I 4,320.89 ;;:;:,'l 287;ss 309.02 r 345.60 ln Bcnk arcounrs h tixed deposits with banks r-<', <k O\I \\9 bank \,20.294.89 550.00 -1,733.49 14.445.0C 701.05 17,564.20 600.11
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Notes: l. The above standalone results have been reviewed by the Audit Committee and approved by the Board of Directors ar its meeting held on October 28,2026. 2. The results for the quarter & half year ended September 30, 2026 are in compliance with Indian Accounting Standards (lnd-AS) notified by the Ministry of Corporate Affairs, read wiih SEBI Circular No HO|49|\4|14(7)2025-CFD-POD2M376212026 dated 30.01.2026 as amended and in terms of amendments made in SEBI (Listing Obligation and Disclosure Requirement) Regulationq 2015. These results have been subjected to limited review by the Statutory Auditors ofthe Cornpany. 3. Contract Revenue for the half year ended September 30, 2026 includes < 2l,765.54lakhs (Hl Fy26 Nil) arising from the Settlement Agreement entered into under the one-time settlement ofthe Agia Bypass EpC Project pursuant to the 'Vivad Se Vishwas III,scheme. 4. The Company has disclosed hrfrastructure development including project construction & execution activity as primary segment. Segments have been identified taking intoiicount the nature of work/services, ris( return 8nd organisational structure. The Chiefoperating decision maker (CODM) identified Road EpC and Water EPC as reportable segments. 5. As permirted by paragraph 4 of Ind AS 108, "operaring segmenB", notified under secrion ll3 orrhe Companies Act. 2013, tead together with the relevant rulls isiued thereunder, if a single financial report contains both consolidated financial results and. the separate financial results of the parent, segment information reed to be presenred only on the basis of thi sonsolidated financial results. ihus, disclosurerequired by Regulation 33 ofthe SF,RI (Listing Obligations & Disclosure Requiremens) Regulations, 2015 on segmenl wise revenue results and capital employed are given in consolidated financial res-ults. 6' During the cunent reporting period, the National Highways Authority of India (NHAI) issued a debarment order dated September 3, 2026, against the Company's Special Purpose Vehicle (SpV), Awadh Expressway Private Limited, which was subsequently extended to PNC Infratech Limited (as promoter) via an order dated September ll, 2026. The orders sought to restricr the Company and the SpV fronr participating in any bidding processes floated by NHAI, the Ministry ofRoad Transport and Highways (MoRTH), and their executing agencies for a period-ofthree (3) years. The regulatory action arosl from contractual disputes regarding alleged struc$ral defects on a specific package of the Kanpur-Lucknow Expressway ploject (Package 2). The Company and the SPV received the order ofthe Hon'ble High Court ofbelhi on Ocrober 13. 2026. granting an interim stay on hoth debarment orders. 7. Figures for the quarter ended September 30, 2026 and September 30, z}2s represents the differencebetween limited reviewed figJres forrhe}alfyear ended September 30,'2026 & slpt"mu..io, zozs *oquaner ended June 30,2026 & June 30, 2025 respectively. 8. Figures for the previous periods have been regrouped/ rearranged, wherever necessary. 9' The aforesaid un-audited standarone financial resurts wi be uploaded on the company's rvebsite*rvw.nncinl'ralech.com and will also be available on the webiite of'eSr Limited rwv,o..usliniiiggln ano lP Y1i*d Stock Exchange of India Limited rvwrv.nseinrtia.com for the benefit oJG!ffiitd"o -dtnvestors. Place: Agra Dlte: Octotrer 2& 2026 na m ru iwa s Rl'JilHl'jli jj, Jalan ffff#',# .E * 6f ;(\z\\\9'- For PNC Infratech Lirnited 61-f & Ct'o
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Independent Auditor's Review Report on Quarterly Unaudited Consolidated Financial Results of the company, Pursuant to the Regulation 33 of the sEBI (Listing obligations and Disclosure Requirernents) Regulations, 2015, as amended. Review Report to The Board. of Directors PNC Infratech Limited l. We have revierved the accompanying statemcnt of unauditcd consolidalcd financial results of PNC lnfratcch Limitod (the "Holding Compan1,") and its subsidiaries including its step dor,n subsidiarics (thc Holding Company and its subsidiaries including its stcp dorvn subsidiaries together refcrred to as 'the Group"), for ihc quarter ended Septcmber 30, 2026 and vear to date period lrom April 01,2026to september 30,2026 (the "Statement")" being submitted by the Holding Companl- pursuant to the Regulatron 33 of the SE-BI (I-.rsting Obligatiors and _Dj5sle5pqe Rsquirerrerts) Regulatiols. 2015, as . arnendcd thereafter (The "Listing Rcgr_rlatrons"). 2. The Holding Companv's Management is responsible for the prcparatiorl of the Statement in accordance rvith fte recognition ard measurement principles laid down in Indian Accounting Standard 34.Qnd AS 34) "Inlcrim Ftrancial Repoting" prcscribed under Section 133 of 1hc Companics Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles ge1erall1, accepted in hldia and in compliance rvith Regulation 33 of the Listing Regulations. The Statemcni. has been apprgvqd by thg Hqlding Company's Board of Directors. Our responsibilit r is to express a eonclusion ou Lhc Slatenrcnl based on our rer icrr 3. We condr"rcted our rcvierv of the Statement in accordance \yith lhe Standard on Revierv Engagemenls (SRE) 2410, "Revicrv of interim Financial Infonnation Pertbrmcd by the Independent Audltor of thc EntiW", issued by the lnstitutc of Chartcred Accountants of India. This Standard requircs that rve plar and perlorm the rcview to obtain moderate assurance as to rvhcther the Statement is Iiec of material nisstatement. A revierv of interim financial information consists of making inquines, primar.ily of persons rcspousible flc_r fina-ncial altd aecountjng mailers, a-!td app!),ing attalyUcal altd olhcr retie$- procedures. A revielv is subslantially less in scopc than an audit conducted in accordance rvith Standards on Auditing and consequently does not enable us to obtair assuranco that rve r.vor-rld becomc aware of all significart matters that might be identified in an audit. Accordingly, rve do not express an audit oprnion. We also performed procedures in accordance witl.r the master circular issued bv the SEBI tmder Regulation 33 (8) olthe SEBI (Listing Obligations and Disclosure Requiremcnts) Regulations.20l5. as amendcd to date, to th€ extcnt applicable. 4. Ths Statement includes the result ofthc Iollou,ing entities; Subsidiaries / Step down Subsidiaries 1. PNC Infra Holdings Limited 2. PNC Raebareli Highways Private Limited 3. MP Highrvays Private Limited 4. PNC Kanpur Highrvays Limited 5. PNC Delhi Industrial Inlra Privalc Limited 6. PNC Kanpur Ayodhya Tollwavs Private Limited 7. Aklialkot Highwavs Private Limited Page 1 of3
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8. Awadh Expressrvay Private Limited 9. Hardoi Highways Private LinTited I 0. Kanpur Lucknow Expressrvay Private Limited I l.Sonauli Corakhpur Highways Private Limited 1 2.Yamuna Highrvavs Private Linited l3.Hathras Highways Private Limited 14.Pra1agraj Kaushambi Highrvay Package 3 Private Limited l5.Varanasi Kolkata lhghway Package 2 Private Linited l6.Varanasi Kolkata Highway Packagc 3 Private Limited l T.Varanasi Kolkata Highrval, Package 6 Private Limited l8.Westem Bhopal Bl,pass Private Limrted 19.PNC Aatrishya Joint Venture Private Limited 20.PW Infratech Private Limited (w.e.f May 07,2025) 2l.PNC Renervable Encrgy Private Limited (rv.c.IOctober 13.2025) 22.PNC RE 1 Private Limited (w.e.f Dccember 31, 2025) 23.Mustafabad Bisrvariya High.ivav Private Limil.ed (rv.e.f JLurc 16,2026) 24.Barabank Mustafabad Highway Pnvate Limited (w. e.l J:ulrre 17 .2026) Joint Operations l. PNC-SPSCPL Joint Venture (2 Joilt Operations) 2. PNC-SPML Joint Venture (l Joint Operatron) 5. Based on our review conducted and audit proccdure performed as stated in para 3 above, nothing has come to otll attention that causcs us to believe that the accompan]ilu Statement, preparcd in accordance ivith the rccognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Comparues Act, 2013- as amended, read rvith relevant mles issued therourder ard other accounting principles generally accepted in India, has not disclosed the information required to be disclosed il terms ofthe Listing Regulations. including the manner in which it is to be disclosed, or that il contains any material misstatement. Emphasis of Matter 6. As disclosed in Note No. 06. The National Highways Authority of India QTIHAI) had debaned Companl,'s SPV Awadh Expressrvays Private Limrled on 03.09.2026 and subsequentlv the Companl, on 11.09.2026 for participatron in bidding process with NHAI/MoRTH lor 03 years on the ground of alleged contractual dispute and structural defects on a specific package of the Kanpur Lucknow Expressnavs project. The Hon'ble Dclhi High Court had stayed thc said debarment order on 13 10.2026. Our conclusion is not modified in respect ofthis matter. Other Matter 7. The accomparrying Statement includes unaudited interim hnancial results and other unauditcd financial information in respect of: o 24 subsidiaries, rvhose financial information reflects total assets of Rs.10,12,461.83 Lakhs as at Scptember 30, 2026. tolal revenues ot Rs.56.359.54 lakhs and Fis.l.37,260.47 lakhs, total net profit after lax of Rs.4.210.96 lakhs and Rs.10.341.95 lakhs, total comprehensive income of Rs.4,215.03 lalihs and Rs.10,357.08 lakhs for the quarter ended September 30, 2026 and year to dale period fronl April 01. 2026 to Septembet 30,2026 respectively, and net cash outflorv of Rs.36.640.35 lakhs for Page 2 of 3
Page 11
year to date period from April 01,2026 to September 30, 2026 as considered in the Statement which have been reviewed by their respective independent auditors. . 3 joint operations, whose fr:rancial information reflects total assets of Rs.90,905.43 Lakhs as at September 30, 2026, total revenues of Rs.11,491.53 Lakls and Rs.21,651. 1 1 Lakhs, total net profit after tax of Rs.0.03 Lakhs and (Ps.3.67 Lakhs) and total comprehensive income of Rs.0.03 iakhs and (Rs.3.67 Lakhs) for the quarter ended September 30,2026 and year to date period from April 0I,2026 to September 30, 2026 respectively and net cash outflow of Rs.2282.00 lakhs for year to date period from April 01,2026 to Septernber 30, 2026 as considered in the Statement which have been reviewed by their respective independent auditors. The independent auditor's reports on interim financial results of these entities have been fumished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these entities is based solely on the report of such auditors and procedures perfonned by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of the above matters witl respect to our reliance on the work done and the report of the other auditors. For NSBP & Co. ehartered Aeeou:rtans Firm Registration Number: 001075N Ram NiWaS DrenarvsieredbyBam Jalan 0ate.2026.r0r3 r 53214 Ram Niwas Jalan Partrer Membership Number: 082389 IJDIN: 260823892NEURN278 I Place:.New'Delhi Date: October 28, 2026 PaBe 3 of 3
Page 12
Ram Niwas Jalan pNC lnfratech Limited Registered Office : NBCC pl-AZA, Tower I,4th Floor, pushp Vihar, Sector -5, New Dethi-110017 CtN: t45201Dt-1999pLCl95937 Ema il: complianceofficer(aDncintrateah.com Website: www.Dncinfratech.com statement oi unaudited consotidated Financial Results for the euarter and Halfyearended september 30,2026 Digitally signed by Ram Niwas Jalan Date: 2026.10.28 I5:33:l5 +05'30' 2025 2026 202t 2 3 6 8 ii) {ti) I 12 lal RcEnue lrcm@eErion' l,'**- la) corr otrutc;a onsuneolontrao orio lore.o,or* o"."n,",o"** lor o.o,*ono" ."0 ..o.o"uon ",,"... lroot p,onr toto,c o,eprtonat trcrn and rar lt-2t lElc.Ptionrl rtcmnicohe/{t Dcn4sl lrord r.ofir bcro,e lar tr+a) lbt r.rarion In re5o..r orean,.rv.aR lc) D.rer.d ra, chaae/{Bedrl lrorat ru rrpea*s 1a ro c; lNar ProflVirost:tcrt r ls5) lo"rt,,"rr.,o, - OwneE ofrheCoDp.ny - Non-@ntrcllh8 ht Err othq Comprchclclc hcome / (brsl Item th.r wlll .or b. ocEslfi.d to p.onr & !oi! lr,lEr o, T.ksl rrem rhar will be ech3sanod to prcnt & L6r lNet ot T&d I Totat Comprehefft@ ln.ome after Tar lr+81 axriburnblero: . OwnaBolthe Comrr.v - Non-orrorhna hr.crr Paldrp Equlty Stare c.pltal |tre ntue of ? 2 per snrl oihlr Equlty l!nlo8. p.. ihrrc - $stc & Otur€d l<l lra.€ u.lse oI I 2 plr 3tire) r,12,24659 s,24o.73 1,63,345 96 r,t2.763.99 3,01,092.95 5.36,810.16 1,r7.527,22 1,15,914.33 3,71,419.2A 2,6t,273.50 5,50,9s5,07 42,445.04 9,700.72 14,367.27 4,044.98 12,2It,20 93,738.13 10,575.28 2,354.50 3,944.83 72,179.9e @.737.$ 8,254.17 12,939.55 2,55a.81 11,070.35 7,15,tA3,77 20,275.40 2s,725.7? 7,949.81 24.398.i4 1,51.174,43 17,94r.94 31,626.35 s,64333 8,441'39 3,35,551,61 34,98s.50 12,213.81 s1.606,06 2,54,572.33 2,10,109.44 c,93,523.95 15,751,51 43,155.34 12,95,1.14 s3,906,9s 57,43r 12 49,23191 15,751.51 43,155.34 79,240.51 53,t06,9s 79,425.33 1,06,663,03 1o,272.65 (310,60) 69.53 3,425.50 so2.71 12,513.2i 69.53 2,141.01 836.73 3,936.99 9,962.OS 23,512.54 11,467.33 33,!93.29 21,569,9r 44,661.12 64,10t.57 11,467,16 0.67 190.O5 33.1!430 tlJrl t97_O1 2t,sr5_91 (5.00, 1@.55 44661,96 (0.84) 337.08 64,7t7,a6 115.791 202.56 ar,rni1 (26.831 788.13 11,657.88 13,390.32 21,670.46 54,904.23 43,933.62 11,557.t1 5,r:xL?E am la{o! an .&sd) 33,39t4! {15rl t,80.78 t2,94 (6.ool 5,L0.78 &at (o14) 5,!to,7a t73t lN.r Annu.llredl 6aB2OO2 l15.79l tlitoT8 u22. lNot tunu.lt dl (25.33) 5,130.7a 6,76,199,61 32.42 ffi
Page 13
PNC tnfratech Limited Registered Office: NBCC Plaza, Towerll, 4th Floor, pushp Vihar, Seclor-s, New Delhi-110017 CIN: [a5201D11999PlC19s937 ncinfratech.rom Website: www.oncinlrdtech,com l{oteg on se8ment lnlbfiratlon i. Business iegments Based on the "management approach" as deffned in lnd as 108 - operating segments, the Management evaluates the company,s pedormance and allocates resources bas€d on analysis ot various performance indicators by business segments. Accordinglv, information has been presented along these business segments. The accountinS principles used ln the preparation ofthefinancial stalements are consistently applied to rccord revenue and expenditure tn indivldual segments. Ra m N iwas Bl'J"Jlfi'$:#' Jalan f::i:'.';l'i:: Repo.tinB on Segment wise Revenue, Results, Assets & Liabilities 2025 .,une 30 2026 septetuber30 2025 2026 2425 March 31 2026 Secment Revenue Eoad Less: hter-Setmeot Revenue Net Se8ment R€venue lrom OpEretioG Scahent n€gulti Soad lerr: Other Unalloc.ble Expendlture Add: Unatloaable other hcome Profh befare Tar and Non{omrolllng lnterGna noad Unallocable Total Setmant uabllitle. Road Unalloc.ble 7,02,!79.69 1?,358.69 r7,704,61 1,38,201.16 13,662.66 ),6,982.14 42,061.42 13,116.82 17.585.75 2,40,380.85 26.021.35 34,690.75 1,90,381.s8 23,359.60 47,292.89 4,02014.80 58,415.83 71.379.53 1,,12,246.99 1,68,845,96 7,12,-/ 63.99 3,OL,O92.95 2,55,044.O7 5,361810.16 1,12,246.99 1,68,845.95 7,17/163,99 3,01,092.95 2,55,044.07 5,36,810.16 8.78314 1,557.08 13.498.43 32.3A1 t6 1,904.66 r4.121.32 4.777.65 2,040.37 11.925.43 41.154.90 3,467-74 27,6!9.76 21,894.83 3,541.70 30824.45 4t,732.94 9,253_16 50,467.09 23,838.65 44,407.74 22,743.45 ?2,246.40 56,360.98 1.01,453.19 1,3,367.27 s,280.23 12,358.50 7,105.10 12,939.6s 3,150.34 25,725-t8 12,386 33 3r.626.35 6,234.43 58,166.97 t4.144 9i 15,751.61 43,155,34 12,954,14 58,906.95 10,959.06 57,417,t2 4,r1,055.36 1,92.552.48 4.12,692.90 3.87,519.59 2,O7,724.07 8,66,929.62 3.95,791.86 !,75,932.97 &25,301.60 411,066.36 t,92,552,4A 8,72,692.9 3,96,791.86 1,76,932.97 8,25,301.50 3,63.642.17 2,00,618.33 8,29,605.45 74,7 5,37t.74 74.62_17r.2A 13,99,026.43 14,76,377.7 4 13,99,026.43 13,93,865.95 \46,752.67 30,739.38 5,34,014.@ 7,72.469.18 45.975.66 5,28,140.88 1,53.402.98 54,719,64 5,14,5t,;57 L46,752.67 30,739.38 5,34,014.09 1,63,402.98 58,7\9.tA 5,14,641.57 !,45.199.94 51,452.51 5,15,716.86 7.51,506,14 7,47 '54632 t}qsqlg I 7,51,506,14 7,36,764.\9 7,t2,569,t\
Page 14
PNC lnfratech Limited CIN: t 4s201oU999PLC195937 Statement o, Consolidated Assets & Liab[htEs As at Septem b€r 30, 2025 September 30, 2026 Unaudlted Mar.h 31,2025 I r assETs | (1, Non - orrr€nt ssiets I la) Propeny, plant and equipment I lbl Righto, use assets I I lcl capfai worr-rn-orogress I ldl rnrangrble arset | (el Financiatass€u | fi) rnr""tments I tiU Trade rccetvabtes I (flD Orhef flnanciat assets | (0 Defered taxasset I lgl ottr", non -currentassers Iotal l{on-cu?aent Ass€ts (21 Current asrets (a) h\€fltories {bl Financiatassets (il hvestments (ii) Trade ,eceivabl€t (iil) Gsh and cash equiydteni5 (ivl Sank ba lances other than (iii) above (v) Other ainanctal aJsets (c) Othe. curent assets Total Curent Assets 67.191.31 1,419.89 3.652.67 s,117.79 55.s4 5,70,238.61 16,489.84 1.34 484 6a 61,146.43 1,646.51 378.46 6,409.55 55.54 5,34600.06 19,235,68 487.79 1,33,428.08 8,03,109.29 98,124.04 1,11,459.91 1,42,994.77 55,927.44 1,4r,884.33 15.089.74 1,07,7L8,22 7,57,388.10 76,725.85 7A,771,79 1,50,913.65 87,126.86 1,36,655.68 8,248.13 98,696.49 6,73,202.45 6,36,477.85 TOTAL ASSETS 14,76,371.7 4 13,93,855.95 i II EQUITYANDTTABIIITIES lll I qurly ] (J) Equ,ty.rlrre.ap ril i (b) Other cqu,ty tquirV ,ltkiburJblc to owncrs ot the pJreor corprny I nron-cont.o t,ne ,nte,eqt Tot.lEquitv I I (2) Non-(urrent lirbilities ] (Jl I nrncDrt,cb irrics I l,t oo.o'u n* ] lrj Lelse rrbrrrt cs I (,,) other Lnancral|ab lr,es I (b) De{ered rJr l,abj 'tv irl Provision5 (dl Other non - .urenr li.bllirie5 Iotrl Non-curent Liabilities (3) curent Iiabilities (, ) r nJnc rl i"b I'r;e. (i) Eorro!vinss (ri) Le.5e tiabttities (iii) Trade payabtes (al Total outstanding dues of mtcro and smati enterprises ibl Tor.l oLrrsrandinE ducs of credirors orhcrihan mtcro and smaI enterprises {iv) Otharl,nancralIabilttres {b) Other c!rent lrabiities 1c) Prov,sLons Total Cuftent tiabitaties 5,130.18 7,r9,709.4r 5,130.78 6,76,199.61 7.24,a40.79 134.s9) 6,81,330.39 {33.751 ,,24,805.60 4,88,529.55 1,269.75 34,L44.1s 145.5? 19,196.16 4,52434 6,4\296.U 4,73,425.97 1,507.65 31,716,24 19;167.37 9,126,94 5,47,A14-?2 1,02,652.87 449.33 11,682.01 41.472.66 27,402.09 74,794.34 4,838.52 s,29,544.17 41,658,79 392.70 15,713.28 63,268.26 34,47s.41 19,477.63 2,039.07 1,,77,025.14 TOTAT EQUIIY & UABIUTIE5 u1e,zrr-t+ | 13,93,865.95 Ram Jalan N i wa s,'l',l.fl jlliqiT"b, Date:2026.10_28 l5:33:56 +05 30'
Page 15
PNC INTRATECH I,IMITED CIN: 145201Dt1999P1C195937 Consolidated Cash Flow Statement for the halfyear ended September 30,2026 t, Cesh & Cash Equivalents ln.luded In Cajh flow Statement comprtse oI foitowing Salanc4swith Sanks -ln Eank aacounts .";Tjlt:*"0"''""nn*^* ffi \ 48,5U.49 7,224.01 114.94 28,255.06 7,670.7r 93.63 ,>\/ a \ .t\\ -.- ss,927.qq 36,018.80 n Dioitallv sioned hv l\lWdS pu- x;iyai,1", ' Date:2026.10.28 September 30, 2026 LJnaudited HalfYear Ended September 30, 2025 Unaudited Profit before exceptional item and tax to rcconcile Profit oelore tax to net (dsh flows: Depreciation and amo.tization expenses Finance cost loterestincome lnterest income on atbitration awatd (Profit)/Loss on redemptlon of mutuat funds (net) (Profit)/Loss on sale ofproperty, plantand equipments (neo (GBin)/Loss on fairvaluation of tnvestments {net) lProfitl/Loss on sale of lnvestmente (Gainl/!oss on foreagn exchange fluduarionj lnet) {Protitl/ toss or! lease modif i€ation/ cancetlation Allowance/(reversal of allowance) for expected credit loss Provi5ion for gratuity & leavetiabitity Other non-operatin8 income Profit Before Working Capital Changes for changes in Working Capital (lncrease)/Decrease in inventories (lncrease)/Decrease in trade receivables (lncrease)/Decrease in othcr assets (hcrease)/Oecrease in other financial assets lncrease/(Decrease) in trade payables lncrease/loecrease) in other liabilities and provisions lncrease/(Decreasel in other flnancia I liabilities lUsed in)/6enerated From Operating activitie5 58,905.95 2989.81 25,725.77 30,959.06 5,683.33 31,626.35 62,138.50 4,804.66 4,U,7SO.U 9,064.02 3,0d5.57 Purchase of property, pl6nt & equipments (inaluding Cwtp andlntangible) Proceeds from Sale of prope.ty, plant & equlpments P.oaeeds from Sale of investrnents . Gain from Sale of investments rn subsidiary companies (Purahasel/Sale of Cufient tnvestments Mlrtual Funds ( Net) Proceeds from/ (lnvestment, in term deposit & other bank balance Other non-operating income lnErest income on aabitEtion awaad {5,228.6S) 869.31 7,733.49 37,sz.ss 632.33 3,810.80 48,456.27 Proaeeds from long terft bo owings (Repaymeno of long term borrowin8s Proceeds/ (repayment) of workin8 capital loa ns from bank (net) Finance cost paid [ease payment including interest Dividend paid Ram Jalar 15:34:18 +05'30' 4,31,488.34
Page 16
Notes: l. The above consolidated results have been reviewed by the Audit Committee and approved by the Board ofDirecton at its meeting held on Octobe r 28,2026. 2. The results for the quarter & half year ended September 30, 2026 are in compliance with an Indian Accounting sandards (Ind-AS) notified by the Ministry of corporate Affairs, read with SEBI circular NoHOl49ll4ll4(7)2025'CFD-PODAw762no26 dated 30.01.2026 as amended and in terms of amendments made in SEBI (Listing Obligation and Disclosure Requirement) Reg,Jlatiom, 2015. These results have been subjected to limited review by the Staturory Auditors ofthe Company. 3. Contract Revenue for the half year ended seprember 30,2026 includes <21,765.54lakhs (Hl Fy26 Nil)arising from the Settlement Agreement entered into under the one-time settlement ofthe Agia Bypass EpCProject pursuant to the 'Vivad Se Vishwas lll' scheme. 4. The group has disclosed Infrastructure development including project construction & execution activity as primary segment. Segments have been identified taking into accounl the nature of work/services, iisk,retum and organisational srructure. The Chief operating decision maker (CODM) identified Road EpC,Water EPC and BOT (Toll and Annuity) as reportable segmenrs. 5. During the quaner ended septemb€r 1g, 2026: the company initiared rhe setup of a wholly ownedsubsidiary named 'PNC Infratech (Kazakhstan) LLP' in the'Republic of Kazrkhstan under the applicablelaws of Republic of Kazakhsran, inctuding the Civil Code with ; Chaner (Authorizedl Cupitai of SIOO,OOO KZT and Business ldentification Number (BIN): 261040006003, ro provide iniiurtlrJrr. s..i..,primarily in the Roads & Highways sector; the official Certificate of lncorpo.aiion *r" ,uUr"qu"nttyreceived on October 7.2026. 6' During the. c_urent reporting-p_eriod, the National Highways Authority of lndia (NHAI) issued a debarmentorder daled september 3, 2026.againsr the companys Splciar purpoie verricreispvl, awaarr E*pr.r.*ryPrivate Limited' which was subsequently exrended ro iNc tnftaiech Limited ias pftrot"il-ui" un o.0",dated Seprember l'1,2026. The orders sought to restricl the company ara G'spv ilom lu.ticiputing lnany bidding processes floated by N-HAI, the Ministry ofRoad Tranipon and Highways gvro{iuj and theirexecuting agencies for a period of three (3) years. The regulatory action arosi from "ortru.trui dirpute,regarding areBed structurar d:f:*^:l.u spiinc_ pact<age- of thi Kanpur-Lucr,""* e-pr*r*"v p.:"rt(!""-F-g: zl' The Company and the SPV rceeived the ordJr ofrhe Hon'bie High court of b"tt i on o"toa".13, 2026, granting an interim stay on both debarmenr orden. 7' Figures for the quarter ended september 30, 2026 and September 30. zo25 represents the differencebetween timited rev19w9! fiqules for-thelalf year ended Sepiember 30, 2026 & slpi.ru., j6,iozs *aquaner ended June 30.2026 & June 30. 2025 rispectively. 8. Figures for the previous periods have been regrouped/ rearranged, wherever necessary. 9' The aforesaid un-audited consoridared financiar results wi[ be uproaded on the Company,s websitervws'.nncintlatech.com and wiu also be avairabre on the website of bsE Limhed pu_urilnii*"olr -othe^National Stock Exchange of India Limited ruwr.,.nseindia.com for the benefit oitirtffiio"o unatnvestors. Place:.Agra Date: October 28. 2026 Ram Niwas Jalan 6t ;(i2\\\9'.- For PNC Infratech Linrited ircclor & C[O