KNR CONSTRUCTIONS LTD.

KNR Constructions Limited has received a Letter of Acceptance (LOA) from Hyderabad Metropolitan Development Authority (HMDA) for a significant infrastructure project. The contract is for the construction of an elevated corridor from ICCC Banjara Hills to Shilpa Layout Flyover Road in Telangana, valued at ₹1396,54,08,900 (approximately ₹1396.54 Crore) excluding GST. The project has a construction period of 24 months. This award is expected to bolster the company's order book and contribute to its future revenue streams.

KNR Constructions Ltd has announced that its Board of Directors will convene on November 13, 2026, to consider and approve the unaudited financial results for the quarter and half-year ended September 30, 2026. The meeting will also include a review of the limited review report for the said period. The company has also confirmed that the trading window for designated persons will remain closed from October 1, 2026, until 48 hours after the declaration of these financial results.

KNR Constructions Ltd has invested ₹44.65 crores by subscribing to equity shares on a rights basis in its wholly owned subsidiary, KNR Sriranganatha Infra Private Limited (KSIPL). KSIPL, incorporated on March 27, 2023, is a Special Purpose Vehicle (SPV) for the "Construction of Access Controlled four laning with paved shoulder from Mysore to Kushalnagara Section of NH-275". The investment is in line with the Facility Agreement with lenders and the Concession Agreement with NHAI. KSIPL reported a turnover of ₹7982.23 lakhs as of March 31, 2026. The acquisition is considered a related party transaction but is exempt under SEBI (LODR) Regulations, 2015, as it's between a holding company and its wholly owned subsidiary. The total cumulative investment as of November 2, 2026, stands at ₹44.75 crores.

KNR Manyamkonda Infra Private Limited, a wholly owned subsidiary of KNR Constructions Ltd, has received a letter from NHAI noting the financial close on October 1, 2026, for the construction of a 4-lane highway project. The project involves the construction of NH-167 from Gudebellur to Mahabubnagar in Telangana, spanning 80.01 km. This project is to be executed on a Hybrid Annuity Model (HAM). The financial close being noted signifies a key milestone for the project's commencement.

KNR Constructions Ltd has informed the stock exchanges about the revocation of a Letter of Acceptance (LoA) from Greater Hyderabad Municipal Corporation (GHMC). The LoA was for the construction of a 2-lane unidirectional flyover at NFCL Junction and a 2-lane unidirectional underpass with a 3-lane unidirectional flyover at TV9 Junction in Banjara Hills, Telangana. The project was valued at ₹157.54 Crores (excluding GST). This revocation means the company will not proceed with this specific contract.

KNR Constructions Ltd has received an order from the Commissioner of Income Tax – Appeals, Hyderabad-12, regarding the deletion of a penalty under Section 271AAD for the Assessment Year 2021-22. The penalty amount was ₹18,58,39,829 (approximately ₹18.58 Crore). The company's appeals have been allowed, and the penalty order has been deleted. KNR Constructions is now awaiting a consequential order from the Assessing Officer (AO). The company has stated that this development has no quantifiable impact on its financial, operational, or other activities.

KNR Constructions Limited has divested its entire equity share capital in its subsidiary, KNR Ramanattukara Infra Private Limited (KRIPL), to Indus Infra Trust for a consideration of ₹549.14 Crore. The company had initially invested ₹225.72 Crore in KRIPL. Following this transaction, KRIPL ceased to be a subsidiary of KNR Constructions effective October 5, 2026. For the financial year ending March 31, 2026, KRIPL contributed ₹257.40 Crore (9.54%) to the consolidated turnover and had a net worth of ₹430.22 Crore (8.65%). The Share Purchase Agreements were executed on December 24, 2025, and the sale was completed on October 5, 2026. The buyer, Indus Infra Trust, is a publicly listed infrastructure investment trust and is not part of KNR Constructions' promoter or group companies. The transaction was not considered a related party transaction.

KNR Constructions Ltd has announced a mutual agreement with Indus Infra Trust to extend the completion timeline for the sale of its stake in KNR Ramanattukara Infra Private Limited (KRIPL). The extension is attributed to delays in fulfilling certain Condition Precedents. The original intimation regarding the sale of 100% shareholding in special purpose vehicles (SPVs), including KRIPL, was made on December 25, 2025. Subsequent intimations confirmed the sale of stakes in KPIPL, KRGIPL, and KGIPL. The new proposed completion date for the KRIPL transaction is now December 31, 2026. This extension impacts the divestment process of one of the SPVs.

KNR Constructions Ltd has received penalty orders from the Assistant Commissioner of Income Tax, Central Circle 2(2) - Hyderabad, totaling ₹89,12,57,681. These penalties are levied under Section 270A of the Income Tax Act, 1961, for search-related assessment years. The specific amounts are ₹2,79,87,171 for AY 2017-18, ₹16,64,95,790 for AY 2018-19, ₹56,40,46,040 for AY 2019-20, and ₹15,99,23,720 for AY 2020-21. The company received these orders on September 29 and 30, 2026. KNR Constructions believes these penalty demands are not maintainable in law and plans to file an appeal within the stipulated timeline. The company will provide updates on the proceedings.

KNR Constructions Ltd has announced the closure of its trading window for dealings in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from October 1st, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter and half-year ended September 30th, 2026. This restriction applies to all designated persons, their immediate relatives, and connected persons.