AJR INFRA AND TOLLING LIMITED (AJRINFRA)
Snapshot
Events
- Board meeting filing
- 18 Jun 2026
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📈 Share price & events
📢 Recent Corporate Announcements
AJR Infra And Tolling Limited has submitted the Scrutinizer's Report for its 25th Annual General Meeting held on September 29, 2026. Shareholders approved the audited financial statements for the fiscal year ended March 31, 2026, with 99.98% votes in favor (120,171,419 votes). Additionally, the re-appointment of Director Mr. Subhrarabinda Birabar was approved with 99.69% assent (119,823,009 votes). Both ordinary resolutions were passed with the requisite majority through remote e-voting and e-voting at the AGM.
- Resolution 1 (FY26 Audited Financials adoption) passed with 99.98% assent (120,171,419 votes).
- Resolution 2 (Re-appointment of Director Subhrarabinda Birabar) passed with 99.69% assent (119,823,009 votes).
- Remote e-voting was open from September 26, 2026 (9:00 AM) to September 28, 2026 (5:00 PM) based on a cut-off date of September 22, 2026.
AJR Infra and Tolling Limited has issued the notice for its 25th Annual General Meeting scheduled for September 29, 2026, at 3:30 PM IST via Video Conferencing. Key agenda items include the adoption of audited financial statements for FY 2025-26 and the re-appointment of director Mr. Subhrarabinda Birabar, who retires by rotation. The remote e-voting window will open on September 26, 2026, and close on September 28, 2026, with the voting cut-off date fixed for September 22, 2026.
- 25th Annual General Meeting to be held virtually on September 29, 2026 at 3:30 PM IST
- Cut-off date for remote e-voting eligibility set for September 22, 2026
- Remote e-voting begins on September 26, 2026 (9:00 AM IST) and ends on September 28, 2026 (5:00 PM IST)
- Ordinary business includes adoption of FY2025-26 financial statements and director re-appointment
AJR Infra reported zero revenue from operations for the quarter ended June 30, 2026, resulting in a net loss of ₹131.63 lacs. The company's financial position is critical, with a negative 'Other Equity' (reserves) of ₹1,20,934.97 lacs. Significant contingent liabilities persist, including an invoked corporate guarantee of ₹1,19,024.39 lacs related to the Patna Highway project. The company has lost control over its major subsidiaries, PHPL and RGBL, which are undergoing insolvency proceedings.
- Revenue from operations stood at ₹0.00 for the quarter ended June 30, 2026.
- Net loss for the quarter was ₹131.63 lacs, compared to a profit of ₹30,496.12 lacs in Q1 FY26 (which was driven by a ₹31,319.27 lac exceptional item).
- Other Equity is deeply negative at ₹(1,20,934.97) lacs, indicating severe capital erosion.
- Corporate guarantee of ₹1,19,024.39 lacs invoked by Phoenix ARC for the Patna Highway project remains a major litigation point.
- Net funded exposure to the Patna Highway project is ₹21,294.65 lacs, which has been fully provided for in the accounts.
AJR Infra and Tolling Limited reported a standalone net loss of Rs 1.31 crore for Q1 FY27, compared to a profit of Rs 304.96 crore in the same period last year (which was inflated by a Rs 313.19 crore exceptional gain). The company recorded zero revenue from operations, with its total income of Rs 5.04 crore coming entirely from other income. The balance sheet remains under severe stress with a negative 'Other Equity' of Rs 1,209.35 crore. Additionally, the company is embroiled in multiple legal disputes, including an invoked corporate guarantee of Rs 1,190.24 crore related to the Patna Highway project.
- Net loss of Rs 1.31 crore in Q1 FY27 vs a profit of Rs 304.96 crore in Q1 FY26.
- Revenue from operations remained at Rs 0 for the quarter.
- Corporate guarantee of Rs 1,190.24 crore invoked by Phoenix ARC for the Patna Highway project.
- Other Equity stands at a deficit of Rs 1,209.35 crore as of March 31, 2026.
- Appointment of M/s. A K Anand & Co as Internal Auditors for FY 2026-27.
AJR Infra and Tolling Limited has announced the closure of its trading window effective July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, regarding the upcoming financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are declared. This is a standard administrative procedure for listed companies in India.
- Trading window closure begins on July 1, 2026
- Closure is for the quarter ended June 30, 2026
- Window reopens 48 hours after the financial results are declared
- Complies with SEBI (Prohibition of Insider Trading) Regulations, 2015
AJR Infra and Tolling Limited has appointed Ms. Amatulla Akil Chunawala as the Company Secretary and Compliance Officer, effective June 22, 2026. The appointment was finalized during a Board meeting on June 18, 2026, based on recommendations from the Nomination and Remuneration Committee. Ms. Chunawala (Membership No. ACS-A80050) will also serve as a Key Managerial Personnel (KMP) under the Companies Act, 2013. She brings a background in law and expertise in Securities Laws and corporate compliance to the role.
- Appointment of Ms. Amatulla Akil Chunawala as CS and Compliance Officer effective June 22, 2026.
- Designated as Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013.
- The Board meeting was held on June 18, 2026, from 17:00 to 18:00 hours.
- Appointee holds a bachelor's degree in law and is a member of the Institute of Company Secretaries of India (ACS-A80050).
AJR Infra and Tolling Limited reported a standalone net profit of ₹314.48 crore for FY26, a sharp reversal from a loss of ₹111.72 crore in FY25, almost entirely due to an exceptional gain of ₹313.19 crore. Despite this accounting profit, the company's standalone net worth remains deeply negative at ₹(1,020.17) crore. Operational revenue remains at zero, and the company is embroiled in complex insolvency litigation regarding its major subsidiaries, Patna Highway Projects and Rajahmundry Godavari Bridge, involving invoked corporate guarantees exceeding ₹1,800 crore.
- Standalone FY26 net profit of ₹314.48 crore vs a loss of ₹111.72 crore in FY25, driven by ₹313.19 crore in exceptional items.
- Revenue from operations was nil for the entire financial year 2025-26.
- Standalone net worth is severely eroded, standing at negative ₹1,020.17 crore as of March 31, 2026.
- Corporate guarantees totaling approximately ₹1,190.24 crore (PHPL) and ₹697.10 crore (RGBL) are under active litigation following invocation.
- The company has lost control over key subsidiaries currently undergoing Corporate Insolvency Resolution Processes (CIRP).
AJR Infra and Tolling Limited has announced the closure of its trading window effective from April 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the financial results for the quarter and year ending March 31, 2026. The window will remain closed until 48 hours after the public declaration of these financial results. This is a standard regulatory procedure for listed companies to prevent insider trading during the period when sensitive financial information is being finalized.
- Trading window closure starts on April 1, 2026.
- Closure is related to the financial results for the quarter and year ended March 31, 2026.
- Trading restriction will be lifted 48 hours after the results are officially declared.
- Complies with SEBI (Prohibition of Insider Trading) Regulations and exchange circulars.
AJR Infra and Tolling Limited reported a net loss of ₹1.18 crore for the quarter ended December 31, 2025, with zero revenue from operations. While the nine-month period shows a massive profit of ₹1,103.97 crore, this is entirely due to a non-recurring exceptional gain of ₹1,110.08 crore related to subsidiary deconsolidation. The company's balance sheet remains in severe distress with a negative 'Other Equity' of ₹2,154.81 crore. Furthermore, the company is embroiled in multiple legal battles over invoked corporate guarantees totaling approximately ₹1,887 crore for its insolvent subsidiaries.
- Revenue from operations was ₹0 for Q3 FY26, compared to ₹32.70 crore in the same quarter last year.
- Reported a quarterly net loss of ₹1.18 crore, a reversal from the ₹2.58 crore profit in Q2 FY26.
- Exceptional income of ₹1,110.08 crore for the nine-month period masks underlying operational insolvency.
- Total 'Other Equity' stands at a staggering negative ₹2,154.81 crore as of December 31, 2025.
- Corporate guarantees totaling over ₹1,887 crore have been invoked by lenders of subsidiaries PHPL and RGBL.
AJR Infra and Tolling reported a consolidated net loss of ₹1.17 crore for the quarter ended December 31, 2025, a significant narrowing from the ₹35.83 crore loss in the previous year's corresponding quarter. Revenue from operations fell to zero as the company lost control of major subsidiaries like PHPL and RGBL due to insolvency proceedings. While the nine-month profit appears high at ₹1,103.97 crore, this is entirely driven by a one-time exceptional gain of ₹1,110.08 crore related to debt settlements. The company remains under severe financial stress with invoked corporate guarantees exceeding ₹1,190 crore currently under litigation.
- Consolidated revenue from operations for Q3 FY26 plummeted to zero from ₹32.69 crore in Q3 FY25.
- Reported a quarterly net loss of ₹1.17 crore, compared to a loss of ₹35.83 crore in the same period last year.
- Nine-month net profit stands at ₹1,103.97 crore, primarily due to a massive exceptional gain of ₹1,110.08 crore.
- A corporate guarantee of ₹1,190.24 crore for the Patna Highway project has been invoked and is being litigated at NCLAT.
- The company has lost control over key subsidiaries PHPL and RGBL following NCLT insolvency orders.
AJR Infra and Tolling Limited reported a net loss of ₹117.52 Lacs for the quarter ended December 31, 2025, with zero revenue from operations. While the nine-month profit appears high at ₹1,103.97 Crore, it is entirely driven by a massive exceptional gain of ₹1,110.08 Crore related to debt settlements and loss of control in subsidiaries. The company's financial health remains critical with a deeply negative net worth of ₹2,154.81 Crore and ongoing legal battles regarding invoked corporate guarantees exceeding ₹1,887 Crore.
- Revenue from operations stood at zero for the quarter ended December 31, 2025.
- Reported a massive exceptional gain of ₹1,110.08 Crore during the nine-month period ending December 2025.
- Corporate guarantees worth ₹1,190.24 Crore (PHPL) and ₹697.10 Crore (RGBL) have been invoked and are under litigation.
- Consolidated Other Equity remains deeply negative at ₹(2,154.81) Crore as of December 2025.
- Finance costs significantly reduced to ₹88.61 Lacs in Q3 FY26 from ₹3,628.58 Lacs in Q3 FY25 due to loss of control of subsidiaries.
AJR Infra and Tolling Limited has informed the exchanges that it will miss the February 14, 2026, deadline for submitting its un-audited financial results for the quarter ended December 31, 2025. The delay is primarily due to pending clarifications regarding a settlement agreement between a subsidiary and its lenders and authorities. Specifically, the company is awaiting final confirmations and the release of security provided by the holding company to finalize the accounts. This delay in financial reporting prevents investors from assessing the company's current financial health and operational performance.
- Missed the statutory deadline of February 14, 2026, for Q3 FY26 financial result submission.
- Delay attributed to pending finalization of accounts for the company and one key subsidiary.
- Subsidiary settlement agreement with lenders requires further clarification and confirmation of security release.
- Company is unable to provide a specific revised date for the results announcement at this time.
AJR Infra and Tolling Limited has announced the resignation of Mr. Srinivasu Chaganti from his position as a Non-Executive Director. The resignation is effective from December 29, 2025, and is attributed to personal reasons. The company has complied with Regulation 30 of the SEBI Listing Regulations in reporting this board change. This transition is considered a routine management update with no reported impact on company operations.
- Mr. Srinivasu Chaganti (DIN-06387528) resigned as Non-Executive Director effective December 29, 2025
- The departure is cited as being due to personal reasons according to the official filing
- The company provided necessary disclosures under SEBI Circular dated July 13, 2023
- AJR Infra and Tolling Limited was formerly known as Gammon Infrastructure Projects Limited
AJR Infra and Tolling Limited has deferred the approval of its unaudited financial results for the quarters ended June 30, 2025, and September 30, 2025. During the board meeting held on December 9, 2025, Independent Directors requested further details before proceeding with the approval. Consequently, the trading window for the company's securities will remain closed until 48 hours after the results are eventually declared. This delay in reporting multiple quarters suggests potential internal accounting or disclosure hurdles.
- Board meeting on December 9, 2025, concluded without approving financial results.
- Approval for both June 2025 and September 2025 quarters has been postponed.
- Independent Directors have requested additional information/details regarding the financials.
- Trading window remains closed for all designated persons until 48 hours post-result declaration.
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