Bharat Road Network announced the appointment of Mr. Amitabh Kumar Jha as Managing Director, effective May 1, 2026, for a term of 3 years. The appointment was approved by the Board of Directors during their meeting held on April 30, 2026, based on recommendations from the Nomination and Remuneration Committee and subject to shareholder approval.

Leadership Appointment Details

The company confirmed that Mr. Jha is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India (SEBI) or any other authority. His appointment constitutes a change in key managerial personnel, classified as Unpublished Price Sensitive Information (UPSI) under SEBI regulations.

Professional Background and Experience

Amitabh Kumar Jha brings over 28 years of comprehensive experience in the roads, highways, and transportation sector. His expertise spans strategic planning, P&L management, and nationwide operations across large-scale portfolios.

Key Professional Highlights

• Project Management: Managed over 50 national and state highway projects across India under BOT and annuity models
• Leadership Roles: Previously held pivotal positions as CEO and COO in organizations including Reliance Infrastructure and L&T IDPL Invit
• Core Expertise: Highway operations and maintenance, business transformation, mergers and acquisitions, and stakeholder management
• Strategic Focus: Known for strategic vision, operational excellence, and commitment to sustainability, safety, and inclusive growth within the infrastructure sector

Educational Qualifications

Mr. Jha holds an impressive array of academic credentials and professional certifications:

Corporate Governance and Compliance

The company disclosed that Mr. Jha is not related to any of the current Directors on the Board, ensuring independence in governance structure. The appointment information was communicated to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements.

Regarding trading window restrictions, the company clarified that the trading window had already been closed with effect from April 1, 2026, in connection with the declaration of Annual Audited Financial Results for the financial year ended March 31, 2026. The window will remain closed until 48 hours after the results are announced, which is why no separate disclosure was made regarding the UPSI classification of this appointment.

Bharat Road Network Limited has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results on February 13, 2026, following recommendations from the Audit Committee.

Financial Performance Overview

The company's financial performance for Q3FY26 shows mixed results across standalone and consolidated operations:

Nine Months Performance

For the nine months ended December 31, 2025, the company demonstrated improved consolidated performance:

Auditor's Qualified Opinion

The statutory auditors S S Kothari Mehta & Co. LLP have issued qualified conclusions for both standalone and consolidated results. Key concerns include:

• Interest Recognition Issues: The company has not recognized interest on financial assistance availed from July 01, 2024 onwards, resulting in overstatement of profit before tax by Rs. 1,104.39 lakhs for Q3FY26 and Rs. 3,222.73 lakhs for nine months
• Subsidiary Compliance: Guruvayoor Infrastructure Private Limited has not recognized interest on financial assistance from October 01, 2024 onwards, overstating consolidated profit by Rs. 369.25 lakhs for the quarter
• Going Concern Uncertainty: Material uncertainty exists regarding the company's ability to continue as a going concern due to defaults in repayment and significant losses

Key Corporate Developments

Several significant developments have impacted the company's operations:

Regulatory and Legal Matters

The company faces several ongoing legal proceedings. The Directorate of Enforcement conducted search proceedings under the Prevention of Money Laundering Act, 2002 at subsidiary Guruvayoor Infrastructure Private Limited's premises. ED has frozen movable properties worth Rs. 12,521.42 lakhs, with the matter currently sub-judice.

Additionally, Solapur Tollways Private Limited ceased to be under company control following NCLT-Kolkata order dated December 20, 2024, initiating Corporate Insolvency Resolution Process.

Business Operations

Bharat Road Network Limited operates primarily in the road infrastructure sector, engaged in purchase, own, build, develop, design, operate, and transfer of roads and related services. The company maintains a paid-up equity share capital of Rs. 8,395.00 lakhs with face value of Rs. 10 per share.

The financial results will be published in newspapers as per SEBI Listing Regulations and uploaded on the company's website at www.brnl.in .