Gammon India Limited (GAMMONIND) — Board Meeting | 10 August 2026

Gammon India Limited's board approved unaudited Q1 FY2026 results showing a net loss of Rs 288.77 crore amid severe liquidity crises. The auditor issued a qualified opinion due to material uncertainties around going concern, contingent liabilities of Rs 923.28 crore, and recoverability of Rs 532.91 crore in trade receivables. Current liabilities exceed assets by Rs 14,495.29 crore, with overdue loans marked NPA since 2017 and winding-up petitions filed. Share trading remains suspended as the company negotiates debt restructuring with lenders and ARCs, including potential waivers of penal interest and principal haircuts.