MBL Infrastructure Limited reported a consolidated revenue of ₹271.59 crore for the fiscal year ended March 31, 2026 (FY26), rising from ₹248.35 crore in FY25. The infrastructure firm posted a net loss of ₹22.36 crore for the year, a significant shift from the net profit of ₹169.60 crore recorded in FY25, which was largely influenced by exceptional items.

The company’s operational performance showed marked improvement in profitability margins. Consolidated EBITDA surged to ₹106.02 crore in FY26, compared to ₹11.54 crore in FY25. This expansion drove the EBITDA margin up to 39.04% from 4.64% in the preceding year. However, finance costs remained elevated at ₹38.47 crore, down slightly from ₹60.61 crore in FY25, while depreciation stood at ₹54.29 crore.

Financial Performance

The consolidated profit and loss statement highlights the divergence between operational gains and bottom-line results due to tax provisions and exceptional items.

In FY25, the company benefited from an exceptional income of ₹278.42 crore, contributing to the high profit before tax figure. In FY26, exceptional items contributed ₹16.55 crore. The substantial deferred tax provision of ₹52.22 crore in FY26 turned the pre-tax profit into a post-tax loss.

Balance Sheet and Liquidity

As on March 31, 2026, total assets stood at ₹2,949.61 crore, down from ₹2,999.53 crore in FY25. Total borrowings decreased to ₹988.33 crore (combining non-current and current liabilities), compared to ₹954.84 crore in FY25. Trade receivables increased to ₹2,104.88 crore (non-current plus current), up from ₹1,996.01 crore in FY25, indicating higher outstanding dues from clients.

Cash and cash equivalents declined to ₹11.20 crore from ₹18.44 crore in FY25. Other bank balances saw a significant rise to ₹40.67 crore from ₹0.41 crore, suggesting potential liquidity management adjustments or restricted funds.

What the Numbers Show

The most striking feature of the FY26 results is the divergence between operational profitability and net earnings. While EBITDA margin expanded dramatically to 39.04%, signaling strong core business performance likely driven by project completions or cost efficiencies, the net result was a loss. This disconnect is primarily attributable to a deferred tax provision of ₹52.22 crore, which consumed nearly all of the ₹29.81 crore profit before tax. Investors should note that the prior year’s profit was heavily skewed by a one-time exceptional gain of ₹278.42 crore, making FY26 a more representative period for ongoing operations despite the headline loss.

Business Overview

MBL Infrastructure operates across roads, highways, railways, and urban infrastructure. The company has implemented its resolution plan under the Insolvency and Bankruptcy Code (IBC), with banks declaring September 4, 2024, as the implementation date. Promoters’ holding stands at 74.57%. The company continues to pursue claims totaling ₹3,120.68 crore, with arbitration awards securing ₹229.95 crore.

MBL Infrastructure Ltd ( company name ) has scheduled its 31st Annual General Meeting (AGM) for Saturday, September 12, 2026, at 3:00 p.m. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI). This virtual format ensures shareholder participation while adhering to regulatory guidelines for corporate governance during specified periods.

The company has announced that its Register of Members and Share Transfer Books will remain closed from September 5, 2026, to September 12, 2026, both days inclusive. This closure period is essential for finalizing the list of shareholders entitled to participate in the AGM. The cut-off date for determining voting eligibility is set as September 5, 2026. Only individuals whose names appear in the Register of Members or the Register of Beneficial Owners maintained by depositories as of this cut-off date will be eligible to vote.

Voting Eligibility and Process

Shareholders eligible as of the cut-off date can exercise their voting rights through remote e-voting or e-voting during the AGM. This mechanism aligns with the provisions of the Companies Act, 2013, read with the Companies (Management and Administration) Amendment Rules, 2015. Additionally, the disclosure complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and adherence to listing norms.

The notice was issued on August 11, 2026, by Anubhav Maheshwari, Company Secretary, serving as formal intimation to the Bombay Stock Exchange and the National Stock Exchange of India Limited. Investors are advised to ensure their holdings are recorded before the cut-off date to retain voting rights for the resolutions proposed at the upcoming meeting.