PBA Infrastructure held its 52nd Annual General Meeting on September 26, 2026, at 4:00 pm. The meeting, conducted through video conferencing in compliance with regulatory guidelines, focused on the adoption of standalone audited financial statements for FY26 and key director re-appointments.

The proceedings commenced with a welcome address by Company Secretary Vaishali Kishan Savaliya. Six directors attended the virtual meeting, including Managing Director Suresh Kumar Bothra and Joint Managing Director Narain P. Belani. The requisite quorum was present, allowing the meeting to proceed with the business items outlined in the notice dated August 13, 2026.

Resolutions passed

The members considered and adopted the standalone audited financial statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. Additionally, two directors were re-appointed under ordinary business:

• Narain P. Belani (DIN: 02395693), Joint Managing Director & CFO, liable to retire by rotation.
• Suresh Kumar Bothra (DIN: 01191661), Managing Director, liable to retire by rotation.

Under special business, the meeting addressed the re-appointment of Pooja Ketan Gandhi (DIN: 09440681) as an Independent Director for a second term of five consecutive years.

Voting and attendance details

Voting results will be declared upon receipt of the Scrutinizer's report from Practicing Company Secretary Jacintha Castelino. The e-voting platform was open from September 23 to September 25, 2026, prior to the AGM. During the meeting, shareholders were given an additional 30 minutes post-conclusion to cast their votes electronically.

The meeting concluded at 4:18 pm with a vote of thanks. The company confirmed that physical attendance was dispensed with as per Ministry of Corporate Affairs circulars, and all notices were sent via electronic mode.

PBA Infrastructure reported a standalone net loss of ₹118.1 crore for the quarter ended June 30, 2026 (Q1FY27), widening from a loss of ₹34.9 crore in the corresponding period of FY26. The deterioration in profitability coincided with a sharp contraction in top-line growth, as revenue from operations fell 95% year-on-year to ₹39.1 crore from ₹717.5 crore.

The company’s total comprehensive income for the quarter remained flat at nil, while basic and diluted earnings per share recorded a loss of ₹0.87 each, compared to a loss of ₹0.26 per share in Q1FY26.

Financial Highlights

What the Numbers Show

The divergence between the modest absolute revenue figure and the significantly larger net loss indicates that fixed costs or non-operating expenses outweighed operational income during the quarter. With revenue dropping to less than 6% of the prior year’s level, the company’s ability to cover its cost base from current operations appears severely constrained, leading to an expanded loss position despite the low revenue base.

Regulatory and Governance Updates

The unaudited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors at a meeting held on August 13, 2026. The statutory auditors have carried out an independent audit of these results in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The results were published in Financial Express (English) and Mumbai Lakshdeep (Marathi) on August 15, 2026, pursuant to Regulation 47 of the SEBI LODR Regulations. Vaishali Kishan Savaliya, Company Secretary and Compliance Officer, certified the submission.