Bharat Road Network Ltd

Bharat Road Network Ltd (BRNL) announced its audited standalone and consolidated financial results for the year ended March 31, 2026, following a Board of Directors meeting on May 30, 2026. The audit reports, issued by M/s. S.S. Kothari Mehta & Co, Chartered Accountants, contain a modified opinion. The board also considered Srei Infrastructure Finance Limited's request for reclassification from "Promoter" to "Public" category but deferred the decision pending receipt of necessary documents and clarifications.

Bharat Road Network Ltd's board approved audited standalone and consolidated financial results for FY26, noting a modified opinion from auditors S.S. Kothari Mehta & Co. The board also considered Srei Infrastructure Finance's reclassification request but deferred it pending further documentation. The auditor's report indicates a qualified opinion due to non-recognition of interest on financial assistance, understating the loss by ₹884.96 lakhs for the quarter and overstating profit by ₹4,107.69 lakhs for the year.

Bharat Road Network Ltd has announced a Board of Directors meeting scheduled for May 30, 2026, to consider and approve the Audited Standalone and Consolidated Financial Results for the year ended March 31, 2026. The trading window for dealing in the company's securities has been closed from April 1, 2026, until 48 hours after the results are announced.

Bharat Road Network Ltd (BRNL) received a request from SREI Infrastructure Finance Limited (SIFL), a promoter, on May 18, 2026, to be reclassified to the 'Public' category. SIFL currently holds 1,66,30,000 equity shares, representing 19.81% of BRNL's shareholding. This request will be reviewed by the Board of Directors, subject to stock exchange approval. SIFL has not been part of the promoter group since August 11, 2023, following an NCLT order approving a resolution plan where NARCL took over SIFL.

Bharat Road Network Ltd. (BRNL) announced the appointment of Mr. Amitabh Kumar Jha as its new Managing Director, effective May 1, 2026, for a three-year term, subject to shareholder approval. Mr. Jha brings over 28 years of extensive experience in the roads, highways, and transportation sector, having held pivotal leadership roles as CEO and COO at organizations like Reliance Infrastructure and L&T IDPL Invit. His expertise spans strategic planning, P&L management, and overseeing nationwide operations, including managing over 50 national and state highway projects. He holds multiple Master's degrees and has completed executive education programs from prestigious institutions such as Wharton and Harvard. The company confirmed Mr. Jha is not debarred by SEBI. This appointment is considered Unpublished Price Sensitive Information, and the trading window is already closed in connection with the upcoming annual financial results.

Bharat Road Network Ltd announced the sudden and untimely demise of Prof. Santanu Ray, Chairman of the Board and Independent Director, on April 18, 2026. Consequent to his passing, he has ceased to hold his positions as Chairman of the Audit Committee and Member of the Nomination and Remuneration Committee, effective immediately. Prof. Ray had been associated with the company as a Non-Executive Independent Director since July 30, 2019, and was serving his second term until July 29, 2029. The company expressed deep sadness, acknowledging his invaluable contributions and terming his loss as irreparable.

Bharat Road Network Ltd has announced the closure of the trading window for all insiders, including directors, designated persons, and their immediate relatives. The closure will be in effect from Wednesday, 1st April, 2026 until 48 hours after the announcement of the company's annual audited financial results for the financial year ending 31st March, 2026. This move is in compliance with the 'Code of Conduct for Prohibition of Insider Trading' as per the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. All designated persons and their immediate relatives have been informed about the closure and are advised not to enter into any transactions involving the company's securities during this period.

Bharat Road Network Ltd. has reported its unaudited standalone and consolidated financial results for the quarter and nine months ended on 31st December 2025. The company's Board of Directors, based on the Audit Committee's recommendation, approved the financial results. However, there are qualifications to the conclusion regarding the non-recognition of interest on financial assistance and material uncertainties related to the company's ability to continue as a going concern. The company's profit before tax for the quarter and nine months ended on 31st December 2025 has been overstated, and current liabilities have been understated due to this issue. Additionally, there are matters related to terminated projects, search proceedings under the Prevention of Money Laundering Act, 2002, and the carrying amount of investments and receivables from terminated projects.

Bharat Road Network Ltd has announced the closure of its trading window for all insiders, including directors, designated persons, and their immediate relatives, from January 1, 2026, until 48 hours after the announcement of the company's unaudited financial results for the quarter and nine months ended 31st December, 2025. This decision is in compliance with the 'Code of Conduct for Prohibition of Insider Trading' as per the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Bharat Road Network Ltd has received an intimation from its promoter, Srei Infrastructure Finance Limited, about a Framework Agreement. The agreement is between Srei Infrastructure Finance Limited, its subsidiary Srei Equipment Finance Limited, and Jemtec Engineering Private Limited. The agreement is for the sale and transfer of 1,66,30,000 equity shares of Bharat Road Network Ltd, representing 19.81% of the total paid-up equity share capital, to Jemtec Engineering Private Limited. The sale will occur at a future date, as mutually agreed upon by the parties.