AVPINFRA

Management Guidance & Outlook - FY27 revenue guidance revised down from ₹700 Cr to ₹600 Cr due to delays in ground-mounted solar project approvals (~₹100 Cr). - FY28 revenue conservatively guided at ₹750–800 Cr; PAT margin expected to remain around 10%. Order Book & Pipeline - Unexecuted order book stands at ~₹400 Cr (NHAI: ~₹225 Cr, Tamil Nadu State Govt: ~₹125 Cr, balance private/back-to-back). - Expected order inflows of ₹500–1,000 Cr in H2 FY27; bidding for larger projects outside Tamil Nadu via JVs (74:26 structure). Working Capital & Balance Sheet - Reclassified unbilled revenue of over ₹100 Cr from inventory to other current assets; expected to be billed over the next 3–4 months. - Allotted 44 lakh shares at ₹56 raising ~₹25 Cr for working capital needs, and raised ₹30 Cr via NCDs (₹15 Cr deployed toward term loan repayment on subsidiary land, balance for working capital).

- Audio recording link submitted for Earnings Conference Call held on November 5, 2026. - Call was conducted post publication of financial results for the period ended March 31, 2026. - Recording is accessible on the company's website.

AVP Infracon Limited submitted its investor presentation for the quarter ended September 30, 2026. - Consolidated H1 FY27 revenue from operations stood at ₹241.3 crores (up 23% YoY) with an EBITDA of ₹47.5 crores and net profit of ₹22.4 crores. - The company maintains an order book of ₹400 crores with a robust fleet strength and diverse presence across infrastructure segments.

H1 FY27 Consolidated Revenue ₹241.29 Cr vs ₹195.73 Cr (▲23.3% YoY) EBITDA ₹47.47 Cr vs ₹44.06 Cr (▲7.7% YoY) PAT ₹22.39 Cr vs ₹23.26 Cr (▼3.7% YoY) EBITDA Margin 19.68% vs 22.51% (▼283bps)

Concall Schedule Concall Date: Thursday, 5th November, 2026 Concall Time: 11:00 AM IST

- Reported ~25% YoY revenue growth in H1 FY27 driven by timely project execution and efficient resource utilization. - Recovered ~80% of FY26 receivables, significantly improving working-capital efficiency and balance sheet strength. - Maintained an unexecuted order book of ₹400 crore, providing strong execution visibility for the fiscal year. - Reaffirmed target of achieving ₹600 crore revenue in FY27.

- Recorded approx. 25% YoY increase in H1 FY27 turnover. - Recovered ~80% of overdue trade receivables outstanding as on March 31, 2026, previously delayed by Tamil Nadu elections. - Board meeting for H1 FY27 results to be announced separately.

- AVP Infracon Limited approved the issue and allotment of 44,24,000 equity shares of face value Rs. 10 each through Qualified Institutions Placement (QIP). - The issue price was set at Rs. 56.50 per equity share, aggregating to Rs. 24,99,56,000. - The QIP issue opened on October 09, 2026, and closed on October 13, 2026.

- AVP Infracon Limited announced the closure of its Qualified Institutions Placement (QIP) on October 13, 2026. - The board approved the allocation of 44,24,000 equity shares to eligible QIBs at an issue price of ₹56.50 per share. - Total equity shares were issued at a face value of ₹10 with a premium of ₹46.50 per share.

- AVP Infracon Limited has clarified the non-applicability of Regulation 27(2) of SEBI LODR Regulations, 2015 for the quarter ended September 30, 2026. - The exemption applies because the company's equity shares are listed on the SME Platform of NSE (NSE Emerge). - The company confirmed that provisions of Regulation 23 regarding Related Party Transactions remain applicable and are duly complied with.

- AVP Infracon Limited approved and adopted the preliminary placement document and application form for its QIP issue on October 09, 2026. - The Board authorized the opening of the QIP issue on October 09, 2026, and approved a floor price of Rs. 56.50/- per share. - Trading window will remain closed from October 09, 2026, till October 14, 2026, for designated persons.

- AVP Infracon Limited approved the preliminary placement document and application form for the Qualified Institutions Placement (QIP). - Authorized the opening of the issue on October 09, 2026. - Approved the floor price of ₹56.50 per share for the issue. - Trading window remains closed from October 09, 2026, to October 14, 2026.

- Trading window for dealing in company securities will remain closed from October 01, 2026. - Closure applies to all designated persons until 48 hours after the declaration of Un-Audited Financial Results for the half year ending September 30, 2026. - Board meeting date to consider results will be intimated in due course.

- AVP Infracon Limited informed the exchange about the outcome of the analysts'/investors' meeting held on September 25, 2026. - The company participated in the Arihant Bharat Connect Conference via a virtual meeting from 12:00 to 1:00 PM. - No presentation was made and no Unpublished Price Sensitive Information (UPSI) was shared during the interaction.

- Concall Schedule - Concall Date: Friday, 25th September 2026 - Concall Time: 12:00 PM

- Board of Directors approved raising funds up to ₹25 Crores via Qualified Institutions Placement (QIP) through equity shares/equity linked securities. - The 17th Annual General Meeting (AGM) will be held on September 24, 2026, at 11:30 A.M.

- Allotment of 30,000 Secured Redeemable Non-Convertible Debentures (NCDs) aggregating to ₹30 Crores on a private placement basis. - The NCDs have a tenure of 2 years, carry a coupon of 12.00% p.a. (payable monthly), and will be listed on the NSE EBP Platform.

- Board approved raising funds up to ₹30 Crores via Private Placement of Rated, Listed, Senior, Secured, Redeemable, Taxable, Transferable, Non-Convertible Debentures (NCDs). - NCDs have a face value of ₹10,000 each, a 24-month tenure, and offer a 12.00% p.a. interest payable monthly. - The NCDs will be listed on NSE's New Debt Market exchange(s). - Security for the NCDs includes a pledge over equity shares worth ₹30 Crores and a first ranking exclusive charge over identified land parcels.

- Acuite Ratings & Research reaffirmed AVP Infracon Limited's long-term rating at 'ACUITE BBB+/Stable' and short-term at 'ACUITE A2' for bank facilities. - A long-term rating of 'ACUITE BBB+/Stable' was assigned to proposed Non-Convertible Debentures (NCDs). - The outlook is 'Stable', driven by improved scale of operations and stable profitability in FY26.

- AVP Infracon Limited confirms non-applicability of SEBI LODR Regulation 27(2) (Corporate Governance Report) for the quarter ended June 30, 2026, as it is listed on the NSE SME Platform. - Regulation 23 (Related Party Transactions) is applicable, and the company ensures compliance. - The company continues to comply with all other applicable SEBI LODR Regulations.

- AVP Infracon Limited clarified a discrepancy in its XBRL financial results for the year ended March 31, 2026. - Figures for H1 (ended Sep'25) were wrongly submitted instead of H2 (ended Mar'26) due to professional oversight. - The company has submitted revised XBRL files for both Standalone and Consolidated results on June 16, 2026.