MBL Infrastructure Limited has fulfilled its regulatory obligations by submitting the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to both BSE Limited and National Stock Exchange of India Limited on April 7, 2026, ensuring compliance with stock exchange requirements.

Regulatory Compliance Certificate

The certificate was issued by MUFG Intime India Pvt. Ltd. (formerly Link Intime India Private Limited), which serves as the Registrar and Share Transfer Agent for MBL Infrastructure Limited . The document, dated March 06, 2026, provides confirmation of compliance with specific SEBI regulations governing depositories and participants.

Key Findings from Certificate

The certificate confirms that during the quarter ended March 31, 2026, MUFG Intime India did not receive any requests for dematerialization or rematerialization from depository participants. This indicates stable shareholding patterns without significant conversion activities between physical and electronic form of securities during the reporting period.

Additionally, the registrar noted that the requirement to confirm to the depository regarding listed securities verification, mutilation, and cancellation procedures was not applicable during this quarter.

Corporate Communication

The submission was signed by Anubhav Maheshwari, Company Secretary of MBL Infrastructure Limited, with digital signature authentication dated April 7, 2026. The certificate from MUFG Intime India was signed by Swapan Kumar Naskar, Associate Vice-President & Head (North India).

This regulatory filing demonstrates MBL Infrastructure Limited's commitment to maintaining transparency and compliance with SEBI's regulatory framework, ensuring proper governance of its securities in the depository system.

MBL Infrastructure Limited has presented a comprehensive overview of its operations, financial recovery, and strategic positioning in India's expanding infrastructure sector. The company, incorporated in 1995 and listed on BSE and NSE since 2010, has successfully emerged from the Corporate Insolvency Resolution Process (CIRP) with renewed focus on growth.

Resolution Plan Implementation and Financial Recovery

The company has successfully implemented its resolution plan approved under IBC 2016, with banks declaring September 04, 2024, as the implementation date. This milestone marks a significant turnaround for MBL Infrastructure after years of financial restructuring.

The resolution plan included equity infusion of ₹128.19 crores from promoters over three years, with ₹108.29 crores already infused. Promoter holding has increased to 74.01%, demonstrating strong commitment to the company's revival.

Current Project Portfolio and Revenue Streams

MBL Infrastructure operates a diversified portfolio spanning roads, highways, buildings, housing, urban infrastructure, railways, and metro projects. The company currently manages two active BOT (Build-Operate-Transfer) projects generating steady revenue streams.

The company's current construction and maintenance projects total ₹88,831 lakhs, with construction projects valued at ₹64,835 lakhs and maintenance projects at ₹23,996 lakhs.

Strategic Growth Plans and Market Opportunities

MBL Infrastructure has set an ambitious order target of ₹3,800 crores through FY27, positioning itself to capitalize on India's massive infrastructure expansion. The company has been pre-qualified for NHAI's 'User Fee Collection' tender with a net worth of ₹1,244 crores as of FY24.

The presentation highlights significant market opportunities, including:

• India's Vision 2047 plan to add 200,000 km of national highways
• National Infrastructure Pipeline investments exceeding ₹100 lakh crore
• Union Budget 2026-27 allocation of ₹3 lakh crore for road infrastructure
• Pradhan Mantri Gram Sadak Yojana Phase IV targeting 125,000 km of rural roads

Financial Performance and Recovery Trajectory

The company's financial statements reflect the impact of the resolution process and subsequent recovery. For FY25, consolidated income reached ₹248.35 crores, while the standalone business showed improved EBITDA margins of 11.79% compared to 7.87% in FY24.

Claims Management and Asset Recovery

MBL Infrastructure maintains a robust claims management system with total claims of ₹319,054 lakhs and arbitration awards of ₹22,671 lakhs. The company continues pursuing receivables through negotiations, arbitrations, and litigation while maintaining long-term client relationships.

Operational Capabilities and Client Base

The company boasts extensive operational capabilities including in-house design and engineering, construction expertise, and dedicated quarrying, bitumen, and concrete divisions. MBL Infrastructure maintains a large fleet of construction equipment and serves prestigious clients including NHAI, Ministry of Road Transport & Highways, Delhi Metro Rail Corporation, and various state development corporations.

With its resolution plan successfully implemented and banking facilities restored, MBL Infrastructure is positioned to leverage India's infrastructure boom while building on its three-decade legacy in the sector.