VVIP Infratech Limited accepted the resignation of Man Mohan Goel as Independent Director effective June 30, 2026, following his submission citing personal reasons and increased professional commitments. The resignation was intimated to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Consequently, Goel has stepped down from the membership and chairmanship of all Board Committees where he served.

Board Committee Vacancies

Goel's departure resulted in vacancies across key committees of VVIP Infratech . He was a member of the Stake Holders Relationship Committee, Nomination Remuneration Committee, Audit Committee, and CSR Committee. The company confirmed that the resignation was with immediate effect from the close of business hours on June 30, 2026.

Regulatory Disclosures

The company disclosed that the resignation was not due to any material reasons other than those stated in the letter. The following table details the regulatory information provided regarding the change in directorship:

Director's Confirmation

In his resignation letter, Goel confirmed that he was unable to devote the requisite time and attention to the affairs of the company due to his personal commitments. He explicitly stated that there were no other material reasons for his resignation other than those disclosed. The Board has been requested to complete all statutory and regulatory compliances, including intimations to the Stock Exchanges and the Registrar of Companies.

VVIP Infratech reported a standalone Profit After Tax (PAT) of ₹22.67 Cr for the financial year ended March 31, 2026. Revenue from operations for the full year stood at ₹260.64 Cr, while EBITDA was recorded at ₹36.98 Cr. The company maintained an EBITDA margin of 14% for FY26, attributed to better execution in ongoing projects and an improved mix towards higher-margin water and wastewater contracts. The board approved the audited standalone and consolidated financial results during a meeting held on May 27, 2026.

The financial performance was impacted by a slowdown in government infrastructure projects, particularly schemes like the Jal Jeevan Mission. For the second half of FY26 (H2FY26), the company reported revenue of ₹130.71 Cr, EBITDA of ₹15.31 Cr, and a PAT of ₹8.99 Cr.

On a consolidated basis, revenue for FY26 was ₹346.5 Cr, a marginal decline of 6.5% year-on-year. Consolidated EBITDA stood at ₹71.55 Cr, down 8.35% YoY, with margins remaining high at 20.6%. Adjusted PAT (post-minority interest) was ₹300.7 Mn for the full year, compared to ₹360.9 Mn in the previous year.

Financial Performance Summary

The table below presents a snapshot of VVIP Infratech's key standalone financial metrics for H2FY26 and the full year FY26:

Operational Highlights and Order Book

The company's infrastructure EPC business is supported by an effective order book of ₹837 Cr, including the ₹81 Cr Bhadohi STP Letter of Award (LOA). This order book provides 2–3 years of revenue visibility. The order book composition as on March 31, 2026 is detailed below:

Future Outlook

Looking ahead to FY27, VVIP Infratech projects standalone revenue growth of 50–55%, underpinned by the current order book and execution pivoting to longer-cycle STP and water mandates. The company targets a standalone EBITDA margin of 14–16% and a PAT margin of 9–11%. In the real estate segment, the company noted consistent demand and improved collections, with three projects billing in parallel.