Bharat Road Network Limited has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results on February 13, 2026, following recommendations from the Audit Committee.

Financial Performance Overview

The company's financial performance for Q3FY26 shows mixed results across standalone and consolidated operations:

Nine Months Performance

For the nine months ended December 31, 2025, the company demonstrated improved consolidated performance:

Auditor's Qualified Opinion

The statutory auditors S S Kothari Mehta & Co. LLP have issued qualified conclusions for both standalone and consolidated results. Key concerns include:

• Interest Recognition Issues: The company has not recognized interest on financial assistance availed from July 01, 2024 onwards, resulting in overstatement of profit before tax by Rs. 1,104.39 lakhs for Q3FY26 and Rs. 3,222.73 lakhs for nine months
• Subsidiary Compliance: Guruvayoor Infrastructure Private Limited has not recognized interest on financial assistance from October 01, 2024 onwards, overstating consolidated profit by Rs. 369.25 lakhs for the quarter
• Going Concern Uncertainty: Material uncertainty exists regarding the company's ability to continue as a going concern due to defaults in repayment and significant losses

Key Corporate Developments

Several significant developments have impacted the company's operations:

Regulatory and Legal Matters

The company faces several ongoing legal proceedings. The Directorate of Enforcement conducted search proceedings under the Prevention of Money Laundering Act, 2002 at subsidiary Guruvayoor Infrastructure Private Limited's premises. ED has frozen movable properties worth Rs. 12,521.42 lakhs, with the matter currently sub-judice.

Additionally, Solapur Tollways Private Limited ceased to be under company control following NCLT-Kolkata order dated December 20, 2024, initiating Corporate Insolvency Resolution Process.

Business Operations

Bharat Road Network Limited operates primarily in the road infrastructure sector, engaged in purchase, own, build, develop, design, operate, and transfer of roads and related services. The company maintains a paid-up equity share capital of Rs. 8,395.00 lakhs with face value of Rs. 10 per share.

The financial results will be published in newspapers as per SEBI Listing Regulations and uploaded on the company's website at www.brnl.in .

Bharat road network Limited has formally notified the stock exchanges about an upcoming board meeting scheduled for February 13, 2026. The meeting will focus on reviewing and approving the company's unaudited financial results for the third quarter and nine months of fiscal year 2026.

Board Meeting Details

The company issued an official communication to both BSE Limited and the National Stock Exchange of India Limited on February 4, 2026, announcing the board meeting. The primary agenda involves consideration and approval of unaudited financial results for the period ending December 31, 2025.

Trading Window Restrictions

In accordance with the company's Code of Conduct for Prohibition of Insider Trading and SEBI regulations, Bharat Road Network Limited has implemented a trading window closure. The restriction on trading in company securities became effective from January 1, 2026, and will continue until 48 hours after the financial results are officially announced to the stock exchanges.

Regulatory Compliance

The announcement demonstrates the company's adherence to regulatory requirements under the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015. The communication was signed by Company Secretary Ankita Rathi and includes all necessary compliance details for investor information and record-keeping purposes.

Company Information

Bharat Road Network Limited operates with its registered office located at Plot No. X1 – 2 & 3, Ground Floor, Block – EP, Sector – V, Salt Lake City, Kolkata. The company maintains its corporate communications through official channels and continues to fulfill its disclosure obligations to maintain transparency with stakeholders and regulatory authorities.