MBL Infrastructure Limited has presented a comprehensive overview of its operations, financial recovery, and strategic positioning in India's expanding infrastructure sector. The company, incorporated in 1995 and listed on BSE and NSE since 2010, has successfully emerged from the Corporate Insolvency Resolution Process (CIRP) with renewed focus on growth.

Resolution Plan Implementation and Financial Recovery

The company has successfully implemented its resolution plan approved under IBC 2016, with banks declaring September 04, 2024, as the implementation date. This milestone marks a significant turnaround for MBL Infrastructure after years of financial restructuring.

The resolution plan included equity infusion of ₹128.19 crores from promoters over three years, with ₹108.29 crores already infused. Promoter holding has increased to 74.01%, demonstrating strong commitment to the company's revival.

Current Project Portfolio and Revenue Streams

MBL Infrastructure operates a diversified portfolio spanning roads, highways, buildings, housing, urban infrastructure, railways, and metro projects. The company currently manages two active BOT (Build-Operate-Transfer) projects generating steady revenue streams.

The company's current construction and maintenance projects total ₹88,831 lakhs, with construction projects valued at ₹64,835 lakhs and maintenance projects at ₹23,996 lakhs.

Strategic Growth Plans and Market Opportunities

MBL Infrastructure has set an ambitious order target of ₹3,800 crores through FY27, positioning itself to capitalize on India's massive infrastructure expansion. The company has been pre-qualified for NHAI's 'User Fee Collection' tender with a net worth of ₹1,244 crores as of FY24.

The presentation highlights significant market opportunities, including:

• India's Vision 2047 plan to add 200,000 km of national highways
• National Infrastructure Pipeline investments exceeding ₹100 lakh crore
• Union Budget 2026-27 allocation of ₹3 lakh crore for road infrastructure
• Pradhan Mantri Gram Sadak Yojana Phase IV targeting 125,000 km of rural roads

Financial Performance and Recovery Trajectory

The company's financial statements reflect the impact of the resolution process and subsequent recovery. For FY25, consolidated income reached ₹248.35 crores, while the standalone business showed improved EBITDA margins of 11.79% compared to 7.87% in FY24.

Claims Management and Asset Recovery

MBL Infrastructure maintains a robust claims management system with total claims of ₹319,054 lakhs and arbitration awards of ₹22,671 lakhs. The company continues pursuing receivables through negotiations, arbitrations, and litigation while maintaining long-term client relationships.

Operational Capabilities and Client Base

The company boasts extensive operational capabilities including in-house design and engineering, construction expertise, and dedicated quarrying, bitumen, and concrete divisions. MBL Infrastructure maintains a large fleet of construction equipment and serves prestigious clients including NHAI, Ministry of Road Transport & Highways, Delhi Metro Rail Corporation, and various state development corporations.

With its resolution plan successfully implemented and banking facilities restored, MBL Infrastructure is positioned to leverage India's infrastructure boom while building on its three-decade legacy in the sector.

MBL Infrastructure has secured a significant legal victory with the Supreme Court of India upholding an arbitration award worth ₹18.79 crores against Telecommunications Consultants India Ltd (TCIL). The ruling, delivered on December 4, 2025, and uploaded to the Supreme Court portal on December 10, 2025, marks the culmination of a multi-year legal process while the company simultaneously reports substantial improvements in its overall financial position.

Project Details and Arbitration Award

The arbitration award stems from MBL Infrastructure's completed construction project involving residential units at the Rajiv Gandhi Thermal Power Project campus in Khedar, Hisar District, Haryana. The project scope included the construction of 168 housing units across two categories.

The Supreme Court's order upheld the original arbitration award dated January 28, 2020, as modified by the Delhi High Court's single bench order on February 10, 2021. The receivable amount of ₹18.79 crores continues to accrue interest at 12% per annum, compounded with monthly rest, until TCIL makes complete payment.

Financial Position and Banking Facilities

MBL Infrastructure has reported significant improvements in its financial standing and operational capabilities. The company's banking relationships have been restored to standard status, providing enhanced operational flexibility.

The company has successfully settled all dissenting banks with full and final settlement payments totaling ₹49.66 crores as per the approved Resolution Plan. All banks have issued No Due Certificates and NOCs, clearing previous financial obligations.

Subsidiary Companies and Debt Resolution

MBL Infrastructure has made substantial progress in resolving subsidiary company debts, with six out of eight subsidiary companies now completely debt-free. The company continues to focus on resolving the remaining two subsidiary companies: Suratgarh Bikaner Toll Road Company Pvt Ltd and MBL Highway Development Company Ltd.

Claims and Future Prospects

The company maintains a substantial claims portfolio totaling ₹3,219.53 crores as of September 30, 2025. Of this amount, arbitration awards worth ₹259.32 crores have already been received, while ₹136.41 crores have been deposited with various courts.

Chairman Managing Director Anjanee Kumar Lakhotia emphasized the company's strategic focus on resolving disputes amicably while preserving long-term customer relationships. The company has submitted bids for projects worth ₹1,645 crores within defined profitability priorities.

Regulatory Compliance and Market Position

MBL Infrastructure has disclosed these developments in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. Established in 1995 and listed since 2010, the company specializes in civil engineering infrastructure projects including roads, highways, buildings, housing, urban infrastructure, railways, and metro projects across India.

The arbitration award confirmation, combined with improved financial metrics and substantial business pipeline, positions MBL Infrastructure for enhanced operational performance and growth prospects in the infrastructure development sector.