Ceigall India Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, alongside key strategic decisions taken during its board meeting held on February 9, 2026. The company delivered robust performance with significant growth in revenue and profitability.

Q3FY26 Financial Performance

The company reported strong consolidated financial results for the third quarter, demonstrating solid operational performance across its business segments.

For the nine months ended December 31, 2025, consolidated revenue reached ₹26,358.91 crores compared to ₹24,251.18 crores in the corresponding period last year, marking an 8.69% increase.

Key Board Decisions

The board meeting resulted in several important strategic decisions that will shape the company's future operations and leadership structure.

CEO Appointment

Mr. Saravanan brings extensive experience in EPC Highways Projects from NHAI, MoRTH and World Bank Funded Projects, having worked with prominent infrastructure companies including GMR Group and TCE Consulting Engineering.

Subsidiary Divestment

The board approved the execution of a Binding Offer Letter with Neo Asset Management Private Limited for the sale of Ceigall Malout Abohar Sadhuwali Highways Private Limited (CMASH).

Regulatory Compliance and Fraud Investigation

The company has maintained transparency in its regulatory filings and addressed operational challenges proactively. An FIR was lodged on January 22, 2026, against three vendors and six employees regarding fraudulent purchases amounting to ₹89.65 million during Q3 FY26 at four sites. The company has adjusted the carrying value of inventories, creditors and GST Input Tax Credit accordingly, with no impact on the profit and loss statement.

Segment Performance

The consolidated results show strong performance across business segments, with Engineering, Procurement and Construction generating revenue of ₹9,015.77 crores in Q3FY26 compared to ₹7,034.00 crores in Q3FY25. The Annuity Projects segment contributed ₹3,888.88 crores in revenue during the quarter.

The meeting was conducted from 11:20 AM to 02:00 PM and was signed off by Company Secretary Megha Kainth (ICSI Membership No: F7639), ensuring proper documentation and compliance with listing regulations.

Ceigall India Limited announced that its wholly owned subsidiary, Ceigall Infra Projects Private Limited, has emerged as the L1 bidder for a significant highway construction project from the National Highways Authority of India (NHAI). The development was communicated to stock exchanges on January 22, 2026, in compliance with SEBI regulations.

Project Overview

The awarded project involves the construction of 4-laning of Sahebganj Areraj Bettiah section of NH 139W, covering a total length of 78.94 km in the state of Bihar. The project will be executed under the Hybrid Annuity Mode (HAM), a public-private partnership model commonly used for highway infrastructure development.

Project Segments

The highway project is divided into two distinct sections to facilitate efficient execution and management:

• Section 1: Sahebganj to Areraj spanning 38.36 km
• Section 2: Areraj to Bettiah covering 40.58 km

Both sections will be developed simultaneously under the single contract framework, ensuring coordinated development of the entire stretch.

Contract Structure and Timeline

The project follows the Hybrid Annuity Mode structure, where the concessionaire receives partial payments during construction and the remaining through annuity payments during the operations phase. The contract stipulates a construction period of 730 days, approximately two years, followed by a 15-year operations and maintenance period.

Regulatory Compliance

The company confirmed that this contract does not involve any related party transactions and that promoters or group companies have no interest in NHAI. The project award represents a domestic contract with a government entity, strengthening the company's infrastructure portfolio in the highway construction segment.

Ceigall Infra Projects Private Limited's selection as L1 bidder demonstrates the subsidiary's competitive positioning in the highway infrastructure sector and adds substantial value to the parent company's order book.