IRB Infrastructure Developers has declared the results of its postal ballot conducted through e-voting, with the voting results officially announced on August 03, 2026. The ballot was initiated pursuant to a notice dated July 02, 2026, and was conducted in compliance with Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resolution is deemed to have been passed on the last day of e-voting, i.e., August 03, 2026.

Resolution: Material Related Party Transactions

The sole resolution placed before shareholders was an Ordinary Resolution seeking approval for material related party transactions in relation to the extension of the term of Project Implementation Agreements with 12 Project SPVs of IRB Infrastructure Trust. The promoter and promoter group were noted as interested parties in the resolution. The total number of shareholders on the cut-off date of June 30, 2026 stood at 15,58,755.

Voting Results Summary

The following table presents the detailed voting outcome for Resolution Item No. 1:

Category-Wise Voting Breakdown

The voting participation and outcome varied across shareholder categories. Public institutional holders accounted for the majority of votes polled, as detailed below:

Public institutional holders polled 1,972,342,320 votes, representing 30.23% of their outstanding shares, with 99.45% of those votes cast in favour of the resolution. Public non-institutional holders polled 5,120,541 votes, accounting for 0.28% of their outstanding shares, with 70.31% in favour and 29.69% against.

Key Notes on Voting Methodology

The company has highlighted the following important clarifications regarding the voting process:

• Voting rights on shares transferred to the Unclaimed Suspense Account and those transferred to the Investor Education and Protection Fund are frozen.
• Votes polled do not include the number of votes abstained and invalid votes.
• The aforesaid resolution was passed with requisite majority.
• Percentages are rounded off to the nearest decimals.
• The number of shareholders are not grouped on the basis of PAN.

The voting results and the scrutinizer's report have been uploaded on the company's website at www.irb.co.in . The resolution was passed with requisite majority, with an overall approval rate of 99.37% of votes polled in favour.

IRB Infrastructure Developers reported a consolidated net profit of ₹306.27 crore for the first quarter of fiscal year 2027 (Q1FY27), marking a 51% year-on-year increase from ₹202.48 crore in Q1FY26. The Mumbai-based highway infrastructure developer declared an interim dividend of Re. 0.05 per equity share, with a record date set for August 5, 2026. The profit surge was primarily driven by a 14% rise in toll revenue to ₹733.31 crore and significant gains on Investment Trusts (InvITs) and related assets, which contributed ₹303.63 crore to revenue. This performance underscores the company’s successful transition into a cash-harvesting phase supported by its asset monetization strategy.

Q1FY27 Financial Performance

Total income rose slightly to ₹2,172.67 crore from ₹2,164.58 crore in the corresponding period last year. Revenue from operations stood at ₹2,137.27 crore, compared to ₹2,098.97 crore in Q1FY26. EBITDA expanded significantly to ₹1,150.37 crore from ₹952.31 crore, reflecting improved operational efficiency and margin expansion. The EBITDA margin widened to approximately 53.8% from 45.4% in the prior year quarter.

Segment-wise Results

The Built, Operate and Transfer (BOT)/Toll, Operate and Transfer (TOT) segment generated segment revenue of ₹733.31 crore, with segment results of ₹347.19 crore. The InvITs & Related Assets segment contributed ₹436.73 crore in revenue and ₹409.70 crore in segment results. The Construction segment reported revenue of ₹963.74 crore and segment results of ₹132.07 crore. Standalone net profit for the quarter was ₹269.53 crore, up from ₹139.77 crore in Q1FY26.

Strategic Developments and Outlook

Chairman and Managing Director Virendra D. Mhaikar highlighted that the company is successfully navigating global economic challenges through its ₹94,000 crore asset portfolio. Key operational milestones included the commissioning of the Ganga Expressway (Meerut to Budaun Group 1 BOT) and commencement of tolling on TOT18 (Chandikhole Bhadrak NH-16) from April 1, 2026. Furthermore, IRB Infrastructure Trust offered two highway BOT assets worth ₹4,605 crore to the IRB InvIT Fund. The company aims to expand its asset base to approximately ₹1,400 billion by FY2029 through an asset churn strategy and reinvestment into new opportunities.

Auditor Review and Compliance

The unaudited financial results were reviewed by MSK A & Associates LLP, the statutory auditors, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved the results and the interim dividend at a meeting held on July 30, 2026. The interim dividend will be dispatched to eligible shareholders on or before August 28, 2026.