इंजीनियर्स इंडिया लिमिटेड (भारत सरकार का प्रधानमंत्री)

ENGINEERS INDIA LIMITED

(A Govt. of India Undertaking)

GUVANAMA COMPANY

पंजीकृत एवं कॉर्पोरेट कार्यालय : इंजीनियर्स इंडिया भवन, 1, पीकाएजी कामा प्लेस, नई दिल्ली-110 066 भारत

Regd. & Corporate Office : Engineers India Bhawan, 1, Bhikaji Cama Place, New Delhi-110 066 INDIA

ईमेल/e-mail: [email protected], दूरभाष /Phone: 011-26763451

कंपनी सचिवालय / COMPANY SECRETARIAT

सं. सचिव/No. Secy/906/9/10

21.05.2026

| The BSE Limited
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| --- | --- |
| Scrip Code-532178 | Symbol-ENGINERSIN |

विषय: बोर्ड की बैठक का परिणाम

Subject: Outcome of Board Meeting

प्रिय महोदय/महोदया

Dear Sir/Madam,

Pursuant to the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Board of Directors of Engineers India Limited in its meeting held on Thursday, the 21st May, 2026 at the registered office of the Company at EI Bhawan, 1, Bhikaji Cama Place, New Delhi-110066 have, inter-alia,:

(i) approved and taken on record the Audited Financial Results (Standalone & Consolidated) of the Company for the financial year ended 31st March, 2026 alongwith Audited Financial Results for the quarter ended 31st March, 2026, a copy of which is enclosed alongwith Auditors Report on the Audited Financial Results and a declaration from Chief Financial Officer of the Company that Statutory Auditors have given the audit report with Unmodified opinion (both Standalone and Consolidated). Segmentwise Revenue Results and capital employed alongwith statement of Assets and Liabilities, Cash Flow Statement for the financial year ended 31st March, 2026 are also enclosed;

(ii) Recommended final dividend of ₹ 2.50/- (Rupee two and fifty paisa only) per share (on the face value of ₹5/- each) on the equity shares of the Company for the financial year 2025-26. The final dividend is subject to approval of shareholders in the ensuing Annual General Meeting.

The above said meeting of Board of Directors commenced at 05:30 PM and concluded at 10:00 PM.

कृपया उपरोक्त को रिकॉर्ड में लें।

Kindly take the above on record.

धन्यवाद/Thanking you,

SUVEND U KUMAR PADHI

Digitally signed by SUVENDU KUMAR PADHI
Date: 21.05.2026

Signature: ____
Name of Business: ___
Address of Business: ____
Contact: ___
www.suvendupadhi.com

भवदीय/Very truly yours,

कर्ता इंजीनियर्स इंडिया लिमिटेड

For Engineers India Limited

एस. के. पाड़ी / S.K. Padhi

कंपनी सचिव एवं अनुपालन अधिकारी/

Company Secretary & Compliance officer

संलग्न: यथोपरि/Encl: as above

Celebrating

of Indian Building

(Since 2003)

YEAR OF

SUSTAINABLE

GROWTH

फोन / Phone: +91-11-26762121 (EPABX) CIN: L74899DL1965GOI004352

उत्कृष्टता का आधार - हमारे कृषि Delivering Excellence through People

Website: www.engineersindia.com

DATTA SINGLA & CO.

Chartered Accountants

409, 4th Floor, Sethi Bhawan,

Rajendra Place, New Delhi-110008

Phone No.: 011-43008642

e-mail: [email protected]

INDEPENDENT AUDITOR'S REPORT

THE MEMBERS OF ENGINEERS INDIA LIMITED

Report on the Audit of Standalone Financial Statements

Opinion

We have audited the accompanying Standalone Financial Statements of ENGINEERS INDIA LIMITED (“the company”), which comprise the Balance Sheet as at 31st March 2026, the statement of Profit and Loss (including other comprehensive income), the Statement of Changes in Equity and Statement of Cash Flow for the year then ended, and a summary of material accounting policies and other explanatory information (hereinafter referred to as “the Standalone Financial Statements”) which include two joint operations accounted for on proportionate basis.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Standalone Financial Statements give the information required by the Companies Act, 2013 (“the Act”) in the manner so required and give a true and fair view in conformity with the Indian Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, (“Ind As”), and other accounting principles generally accepted in India, of the state of affairs of the Company as at 31 March 2026, the profit and total comprehensive income, changes in equity and its cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit of Standalone Financial Statements in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Standalone Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Standalone Financial Statements under the provisions of the Act and the Rules made there under, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the Standalone Financial Statements.

Emphasis of Matter Paragraph

a) We draw reference to Note 49 of Standalone Financial Statements related to contractor’s claim Rs. 40960.75 Lakh and counter claim by company Rs. 12907.15 Lakh, in litigation pending with Hon’ble Supreme Court in respect of termination of contract by company in 2016.

BRANCHES

UNIT NO. A-203, SECOND FLOOR, ELANTE OFFICES, PLOT NO. 178-178A, INDUSTRIAL AREA, PHASE-1, CHANDIGARH-160002, TEL.: 0172-5086551-52 1

SCO 34, SECTOR 4-D, BATTAN LAL ROAD, MANDI GOBINDGARH-147301 TEL: 01765-256146, 507146

B-VI-507, MOHAN GALI, OLD MADHOPURI-1, LUDHIANA-141008, MOBILE: +91-98727-00394

b) We draw reference to Note 48(b) of Standalone Financial Statements related to revenue accounted for in FY 2024-25 Rs. 128.91 crores related to variable consideration which includes Rs. 86.33 crores in respect of a Job. The Company recognized revenue of Rs. 86.33 Crores against a change order claim raised by the Company on HRRL (Client) towards additional site efforts for the period 01.04.2024 to 31.12.2024 amounting to Rs. 98.82 Crore, based on management’s assessment and correspondence received from the client indicating that the claim had been taken cognizance of and was under consideration, subject to necessary approvals. The related costs were already incurred and included in the project cost estimates. The said amount recognised as revenue has been included under Unbilled Revenue / Contract Asset, and since the change order has not been formally issued/approved by the client, no bill has been raised by the Company in respect of the said claim. During the year, company has recognized revenue of Rs. 5.01 crores in respect of variable consideration which includes Rs. 3.10 crores in respect of this Job.

As per Ind AS 115 – Revenue from Contracts with Customers, paragraph 18, a contract modification exists only when the parties approve a modification that creates new or changes existing enforceable rights and obligations, and where such modification is not approved, the entity is required to continue applying the Standard to the existing contract until the contract modification is approved.

Earlier the client has stated that the claim will be reviewed as per contractual provisions through an empowered committee and shall be suitably addressed and settled based on recommendations and budget approvals. Latest, the client has agreed in-principle to claim and issue revised purchase order in due course. However, as on date, the said change order claim remains unapproved and unsettled and no formal contract modification / change order approval has been received from the client.

Additionally, the Company’s earlier change order claims pertaining to prior periods have also not been approved, which continues to increase the uncertainty regarding ultimate acceptance and realization of the change order claim.

Since approval and settlement of the change order is dependent on the client’s review and decision, which is outside the Company’s control, the uncertainty relating to acceptance and collectability continues to remain unresolved.

Accordingly, the collectability / realisation of the aforesaid unbilled revenue (contract asset) continues to be subject to significant uncertainty and remains dependent upon final approval, receipt of formal change order and settlement of the change order claim by the client. The non confirmation/ non receipt of change order has not been disclosed appropriately in notes to financial statements.

c) We draw attention to Note No. 14 to the Standalone Financial Statements related to Trade Receivable which includes Rs. 59.43 crores (including foreign exchange gain of Rs. 17.05 crores) relating to an overseas client (Angola). The company issued invoice during FY 2016-17 for Rs. 42.38 crores and recognized corresponding Contract Liability (Income received in advance) of Rs. 42.38 crores. The amount has remained outstanding for more than three years. The said amount was classified as “Undisputed Trade Receivables – considered good”. Till date, company has recognized foreign currency translation gain of Rs. 17.05 crores on above said amount and created allowance for expected credit loss of equivalent amount.

During the year, the Company has reclassified the aforesaid trade receivable from ‘considered good’ to ‘doubtful’ and created allowance for expected credit losses of Rs. 42.38 crores against the same by offsetting / adjusting the corresponding contract liability.

Further, the Comptroller and Auditor General of India (CAG), in its supplementary audit report for FY 2024-25, had highlighted that as per the Expected Credit Loss (ECL) methodology followed by the Company, trade receivables outstanding for more than three years are considered credit impaired and require 100% provisioning in accordance with Ind AS 109. The CAG had also observed that invoicing indicates that the performance obligation has likely been satisfied and the trade receivable represents an unconditional right to consideration and accordingly, revenue should be recognized in compliance with Ind AS 115, and recognition of contract liability in absence of any further obligation is not appropriate.

In view of the above, the accounting treatment adopted by the Company continues to have a significant impact on presentation and disclosure of revenue and allowance for expected credit losses (expense) and remains subject to appropriate accounting and disclosure in accordance with applicable Ind AS

Our opinion is not modified in respect of above matters.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Standalone Financial Statements of the current period. These matters were addressed in the context of our audit of the Standalone Financial Statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report:

Sr. No.	Key Audit Matter	How our audit addressed the key audit matter
a	Revenue Recognition from Construction Contracts (Refer Note 3B and 24 of Standalone Financial Statements)
The Company’s revenue primarily arises from construction contracts which, may be rendered in the form of engineering consultancy services and engineering procurement and construction (EPC) services through design-build contracts, and cost plus forms of construction contracts which by their nature, are complex given the significant judgments involved in the assessment of current and future contractual performance obligations. The Company recognizes revenue relying on the estimates in relation to forecast contract revenue and forecast contract costs on the basis of stage of completion which is determined based on the proportion of contract costs incurred at balance sheet date, relative to the total estimated costs of	Our audit procedures included, but were not limited to the following:
• Evaluating the appropriateness of the Company’s accounting policy for revenue recognition.
• Obtaining an understanding of the Company’s processes and evaluating the design and testing the effectiveness of key internal financial controls, including those related to review and approval of contract estimates.
• For a sample of contracts, testing the appropriateness of amount recognized as revenue, basis percentage of completion method by evaluating key management judgments inherent in determining forecasted contract revenue and costs to complete the contract, including:
• verifying the underlying documents such as original contract and its amendments, if any, for reviewing the significant contract terms and conditions;
• evaluating the identification of performance obligation of the contract;
• testing the existence and valuation of variable consideration with respect to the contractual terms and inspecting the related correspondences with customers;

| | the contract at completion.
These contract estimates are reviewed by the management on a periodic basis. In doing so, the management is required to exercise judgment in its assessment of the valuation of contract variations, claims and liquidated damages as well as the completeness and accuracy of forecast costs to complete and the ability to deliver contracts within contractually determined timelines.
The revenue on contracts may also include variable considerations which are recognized when the recovery of such consideration is highly probable.
Changes in these judgments, and the related estimates as contracts progress can result in material adjustments to revenue. In view of the involvement of significant estimates by the management and material impact on the Financial Statements, the matter has been determined as Key Audit Matter. | • testing the estimates for consistency with the status of delivery of milestones and customers’ acceptance to identify possible delays in achieving milestones, which require changes in estimated costs or efforts to complete the remaining performance obligation.
• for cost incurred to date, testing samples to appropriate supporting documents and performing cut-off procedures;
• Performing analytical procedures for reasonableness of revenue recognized; and
• Evaluating the appropriateness and adequacy of the disclosures related to contract revenue and costs in the Standalone Financial Statements in accordance with the applicable accounting standards. |
| --- | --- | --- |
| B | Contingent liabilities (Refer note 40A and 50) of Standalone Financial Statements)
The Company is subject to number of commercial claims including employees claims and tax & legal disputes, which have been disclosed in the financial statements based on the facts and circumstances of each case.
Taxation and litigation exposures have been identified as a key audit matter due to the complexities involved in these matters, time scales involved for resolution and the potential financial impact of these on the financial statements.
Further, significant management judgment is involved in assessing the exposure of each case and thus a risk that such cases may not be adequately provided for or disclosed | Our audit procedures included but were not limited to:
• Obtaining a detailed understanding processes and controls of the Management with respect to claims or disputes.
• Evaluation of the design of the controls relating to compilation of the claims, assessment of probability of outcome, estimates of the timing and the amount of the outflows, an appropriate reporting by the management and testing implementation and operating effectiveness of the key controls.
Performing following procedures on sample selected:
• Understanding the matters by reading the correspondences, communications, minutes of the Audit Committee and or the Board meetings and discussions with the appropriate management personnel.
• Making corroborative inquiries with appropriate level of the management personnel including status update, expectation of outcomes with the basis, and the future course of action contemplated by the Company, and perusing legal opinions, if any, obtained by the management.
• Considering their opinions of attorney wherever |

SINGAM, SINGAM & CO. CHARTERED (ACCOUNTANTS) FRIELOUDLING

| | available on probability assessment of the outcomes.

• Evaluating the evidence supporting the judgment of the management about possible outcomes and the reasonableness of the estimates.

• Evaluating appropriateness of adequate disclosures in accordance with the applicable accounting standards. |
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Information Other than the Standalone Financial Statements and Auditor’s Report Thereon

The Company’s Board of Directors is responsible for the preparation of other information. The other information comprises the information included in the Management Discussion and Analysis, Board’s report including annexures to Board’s Report, Business Responsibility & Sustainability Report, Corporate Governance and Shareholders’ Information, but does not include the Standalone Financial Statements and our auditor’s report thereon.
Our opinion on the Standalone Financial Statements does not cover the other information and we do not express any form of assurance thereon.
In connection with our audit of the Standalone Financial Statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Standalone Financial Statements or our knowledge obtained during the course of audit, or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact to those charged with governance and review the steps taken by the management to communicate to those in receipt of the other information, if previously issued, to inform them of the revision.

The Other information is expected to be made available to us after the date of this auditor’s report and if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with governance.

Management’s Responsibility for the Standalone Financial Statements

The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these Standalone Financial Statements that give a true and fair view of the financial position, financial performance including other comprehensive income, changes in equity and cash flows of the company in accordance with the Ind AS and accounting principles generally accepted in India. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and

CHARTERED ACCOUNTANTS 1989-005385N

completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Standalone Financial Statements, Management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Standalone Financial Statements

Our objectives are to obtain reasonable assurance about whether the Standalone Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone Financial Statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the Standalone Financial Statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal financial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls system in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of Management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor’s Report to the related disclosures in the Standalone Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Standalone Financial Statements, including the disclosures, and whether the Standalone Financial Statements represent the underlying transactions and events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the Standalone Financial Statements that, individually or in aggregate, makes it probable that the economic decisions of reasonably knowledgeable user of the financial statements may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the financial statements.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the Standalone Financial Statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Other Matters

We did not audit the financial information of 2 joint operations which are unincorporated entities, whose financial information reflect total assets of Rs.72.40 Lakh as at 31st March, 2026, total revenue of Rs.28.96 Lakh and net cash outflow of Rs. 13.17 Lakh for the year ended on that date, as considered in the Standalone Financial Statements. The financial information of these joint operations is unaudited and has been furnished to us by the Management and our opinion on the Standalone Financial Statements, in so far as it relates to the amounts and disclosures included in respect of these joint operations and our report in terms of sub-section (3) of section 143 of the Act in so far as it relates to the joint operations, is based solely on such unaudited financial information certified by management. In our opinion and according to the information and explanations given to us by the Management, this financial information is not material to the Company.

Our opinion is not modified in respect of the above said matter.

Report on Other Legal and Regulatory Requirements

As required by the Companies (Auditor's Report) Order, 2020 ("the Order"), issued by the Central Government of India in terms of sub-section (11) of section 143 of the Act, we give in the "Annexure A", a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.
As required by Section 143(5) of the Act, we give in "Annexure B", a statement on the matters specified by the Comptroller and Auditor General of India for the company.
As required by Section 143(3) of the Act, we report that:

a. We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit.

SINGAPORE CHAMBER OF RESEARCH AND DEVELOPMENT COMPANY

b. In our opinion, proper books of account as required by law have been kept by the company so far as it appears from our examination of those books.

c. The Balance Sheet, the Statement of Profit and Loss including other comprehensive income, the Statement of Changes in Equity and the Cash Flow Statement dealt with by this Report are in agreement with the relevant books of account.

d. In our opinion, the aforesaid Standalone Financial Statements comply with the Indian Accounting Standards specified in the Companies (Indian Accounting Standards) Rules, 2015 (as amended) under Section 133 of the Act.

e. As per notification number G.S.R. 463(E) dated 5 June, 2015 issued by Ministry of Corporate Affairs, section 164(2) of the Act regarding the disqualifications of Directors is not applicable to the company, since it is a Government Company.

f. With respect to the adequacy of the internal financial controls with reference to financial statements of the company and the operating effectiveness of such controls, refer to our separate Report in “Annexure C”.

g. With respect to the other matters to be included in the Auditor’s Report, as per notification number G.S.R. 463(E) dated 5 June, 2015 issued by Ministry of Corporate Affairs, section 197 of the Act regarding the Managerial remuneration is not applicable to the company, since it is a Government Company.

h. With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014 (as amended), in our opinion and to the best of our information and according to the explanations given to us:

i. The Company has disclosed the impact of pending litigations on its financial position in its Standalone Financial Statements – Refer Note 40A to the Standalone Financial Statements;

ii. The Company has made provision, as required under the applicable law or accounting standards, for material foreseeable losses, if any, on long term contracts including derivative contracts;

iii. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the company.

iv (a) The Management has represented that, to the best of its knowledge and belief no funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other persons or entities, including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (“Ultimate Beneficiaries”) by or on behalf of the Company or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(b) The Management has represented that, to the best of its knowledge and belief no funds have been received by the Company from any persons or entities, including foreign entities (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever (“Ultimate Beneficiaries”) by or on

behalf of the Funding Parties or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(c) Based on the audit procedures performed that have been considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the representations under sub-clause (i) and (ii) of Rule 11(e) contain any material mis-statement.

v) The final dividend paid by the Company during the current year in respect of the same declared for the previous year is in accordance with section 123 of the Companies Act 2013 to the extent it applies to payment of dividend. The interim dividend declared and paid by the Company during the year and until the date of this report is in compliance with Section 123 of the Act. As stated in note 37 to the financial statements, the Board of Directors of the Company have proposed final dividend for the current year which is subject to the approval of the members at the ensuing Annual General Meeting. The dividend declared is in accordance with section 123 of the Act to the extent it applies to declaration of dividend.

vi) Based on our examination which included test checks, the company has used an accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software. Further, during the course of our audit we did not come across any instance of audit trail feature being tampered with. Additionally, the audit trail has been preserved by the company as per the statutory requirements for record retention

For Datta Singla & Co.
Chartered Accountants
Firm's Registration No.: 006185N

Partner
Membership No.:096919
UDIN: 26096919WDQNJL3311

Place: New Delhi
Date: 21st May 2026

Annexure A to Independent Auditors' Report

Referred to in Paragraph 20 under the heading of “Report on Other Legal and Regulatory Requirements” in the Independent Auditor’s Report of even date

i. (a) (A) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment including Investment Property as defined under Ind AS 40, relevant details of Right-of-Use assets and Non-current Assets Held for Sale as defined under Ind AS 105.

(B) The Company has also maintained proper records showing full particulars of Intangible Assets.

(b) The Company has a program of physical verification of its property, plant and equipment by which Property, plant and equipment are verified in a phased manner over a period of three years, which in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuance to the program, certain Property, plant and equipment were physically verified by the Management during the year and according to information and explanations given to us, no material discrepancies were noticed on such verification.

(c) According to the information and explanations given to us by the management and on the basis of our examination of the records of the Company, title deeds of all the immovable properties (other than properties where the company is the lessee and the lease agreements are duly executed in favour of the lessee) disclosed in the financial statements are held in the name of the Company except as under:

(Rs. in Lakh)

Description of property	Gross carrying value	Held in name of	Whether promoter, director or their relative or employee	Period held-Range (Financial year)	Reason for not being held in name of Company
ROU Asset (Land Lease-Hold)	248.91	MIDC	NA	FY-25-26 with effect from 23/12/25	Lease deed executed after 31st March 2026

(d) According to the information and explanations given to us by the management and on the basis of our examination of the records of the Company, the Company has not revalued its Property, Plant and Equipment (including Right of Use assets) and intangible assets during the year.

(e) According to the information and explanations given to us by the management and on the basis of our examination of the records of the Company, there are no proceedings initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

ii. (a) The inventory has been physically verified by the management during the year. In our opinion, the frequency of such verification is reasonable and procedures and coverage as followed by management were appropriate. No discrepancies were noticed on verification between the physical stocks and the book records that were 10% or more in the aggregate for each class of inventory.

(b) The Company has been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks or financial institutions on the basis of security of current assets. The Company submits statement of security to banks/Financial institutions as and when required by the bankers, more particularly at the time of renewal exercise i.e. on yearly basis. These statements are in agreement with books of accounts.

iii (a) During the year if the Company has made investments in, provided any guarantee or security or granted any loans or advances in the nature of loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or any other parties, accordingly, we report as under:

(Rs. In Lakh)

Particulars	Guarantees	Security	Loans	Advances in nature of loans
A. Aggregate amount granted/ provided during the year	-	-
-Subsidiaries	NIL	NIL	NIL	NIL
-Joint ventures	NIL	NIL	NIL	NIL
-Associates	NIL	NIL	NIL	NIL
-Others	NIL	NIL	4965.44	NIL
B. Balance outstanding as at balance sheet date in respect of above cases
-Subsidiaries	NIL	NIL	NIL	NIL
-Joint ventures	NIL	NIL	NIL	NIL
-Associates	NIL	NIL	NIL	NIL
-Others	NIL	NIL	4407.90	NIL

(b) In our opinion, the investments made, and the terms and conditions of the grant of loans during the year are, prima facie, not prejudicial to the interest of Company. The Company has not provided any guarantee or security or granted any advances in the nature of loans during the year.

(c) In respect of loans granted by the Company, the schedule of repayment of principal and payment of interest has been stipulated and the repayments of principal amounts and receipts of interest are generally regular as per stipulation.

(d) In respect of loans granted by the Company outstanding as at the balance sheet date remaining overdue for more than ninety days is as under:

(Rs. In Lakh)

No Of cases	Principal amount overdue	Interest overdue	Total overdue	Remarks if any
28	20.68	27.11	47.79	The loans are recoverable against superannuation funds due to employees

(e) No loan granted by the Company which has fallen due during the year, has been renewed or extended or fresh loans granted to settle the overdue of existing loans given to the same parties.

(f) The Company has not granted any loans or advances in the nature of loans either repayable on demand or without specifying any terms or period of repayment during the year.

iv. In our opinion and according to the information obtained and explanations given to us, the Company has complied with the provisions of Section 185 and Section 186 of the Act, with respect to the loans, investments, guarantees and security, as applicable.

v. In our opinion and according to the information and explanations given to us by the management, the Company has not accepted any deposits from the public within the meaning of Sections 73 to 76 of the Companies Act, 2013 or any other relevant provisions of the Companies Act and the rules made there under. Accordingly, clause 3(v) of the order is not applicable.

vi. As per the information and explanations given to us by the management, the maintenance of Cost records has not been prescribed by the Central Government under section 148(1) of the Companies Act, 2013 for services rendered by the company.

vii. (a) Undisputed statutory dues including Goods and Services Tax, Provident Fund, Employees' State Insurance, Income-Tax, Sales-Tax, Service Tax, duty of customs, duty of excise, Value Added Tax, Cess and any other statutory dues applicable to company have generally been regularly deposited by Company with appropriate authorities during the year.

There were no undisputed amounts payable in respect of Goods and Services Tax, Provident Fund, Employees' State Insurance, Income-Tax, Sales-Tax, Service Tax, duty of customs, duty of excise, Value Added Tax, cess and any other statutory dues in arrears as at 31 March 2026 for a period more than six months from the date they became payable except as under:

Name of the Statute	Nature of the Dues	Amount (Rs.in . lakhs)	Period to which the amount relates	Due Date	Date of Payment	Remarks, if any
EPS ACT	EPS	0.59	April 2022-September 2025	15.05.2022 To 15-09-2025	NA	Employees Aadhar no. not ceded

(b) Details of statutory dues referred to in sub clause (a) above which have not been deposited by the Company on account of disputes is given below:

S. No	Name of Statue	Nature of Dues	Forum where dispute is pending	Period to which amount relates	Amount Including Interest (Rs. In Lakhs)
1	Sales Tax	VAT	Hon’ble Supreme Court	F.Y. 2009-10	5253.20
2	Sales Tax	VAT	Hon’ble Supreme Court	F.Y. 2010-11	42432.56
3	Sales Tax	VAT	Hon’ble Supreme Court	F.Y. 2013-14	944.67
4	Sales Tax	VAT	Hon’ble Karnataka High Court	F.Y. 2015-16	877.25
5	Sales Tax	VAT	Hon’ble Karnataka High Court	F.Y. 2016-17	76.65
6	Sales Tax	VAT	Hon’ble Karnataka High Court	F.Y. 2014-15	1196.36
7	GST	CGST	Hon’ble Delhi High Court	F.Y. 2018-19	3527.59*
8	GST	CGST	GST Appellate Authority	F.Y. 2018-19	3.43**
9	GST	CGST	GST Appellate Authority	F.Y. 2018-19	21.46***

Amount deposited under protest Rs. 147:89 Lakhs
** Amount deposited under protest Rs. 0.13 Lakhs
*** Amount deposited under protest Rs. 0.66 Lakhs

viii. According to the information and explanations given to us by the management and on the basis of our examination of the records of the Company, the Company has not surrendered or disclosed any transactions, previously unrecorded as income in the books of account, in the tax assessments under the Income-Tax Act, 1961 as income during the year.

ix. (a) In our opinion and according to the information and explanations given to us by the management and on the basis of our examination of the records of the Company, the Company has not defaulted in the repayment of loans or other borrowings or in the payment of interest thereon to any lender during the year

(b) According to the information and explanations given to us by the management and on the basis of our examination of the records of the Company, the Company has not been declared a willful defaulter by any bank or financial institution or government or government authority.

(c) In our opinion and according to the information and explanations given to us by the management, the Company has not obtained any term loans. Accordingly, clause 3(ix)(c) of the Order is not applicable.

(d) In our opinion and according to the information and explanations given to us by the management and on an overall examination of the balance sheet of the Company, we report that no funds have been raised on short-term basis by the Company. Accordingly, clause 3(ix)(d) of the Order is not applicable.

(e) In our opinion and according to the information and explanations given to us by the management and on an overall examination of the financial statements of the Company, we report that the Company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries as defined under the Companies Act, 2013. Accordingly, clause 3(ix)(e) of the Order is not applicable.

CHARTERED ACCOUNTANTS 1976-2003

(f) In our opinion and according to the According to the information and explanations given to us by the management and audit procedures performed by us, we report that the Company has not raised loans during the year on the pledge of securities held in its subsidiaries as defined under the Companies Act, 2013. Accordingly, clause 3(ix)(f) of the Order is not applicable.

x. (a) The Company did not raise any money by way of initial public offer or further public offer (including debt instruments) during the year. Accordingly, clause 3(x)(a) of the Order is not applicable.

(b) According to the information and explanations given to us by the management, the Company has not made any preferential allotment or private placement of shares or convertible debentures (fully, partially or optionally convertible) during the year. Accordingly, clause 3(x)(b) of the Order is not applicable.

xi. (a) According to the information and explanations given to us by the management and based on audit procedures performed, no material fraud by the Company or on the Company by its officers or employees has been noticed or reported during the year.

(b) According to the information and explanations given to us, no report under sub-section (12) of Section 143 of the Companies Act, 2013 has been filed by the auditors in Form ADT-4 as prescribed under Rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government.

(c) According to the information and explanations given to us by the management, no whistle-blower complaints have been received by the Company during the year.

xii. According to the information and explanations given to us by the management, the company is not a Nidhi company. Accordingly, clause 3(xii) of the Order is not applicable.

xiii. According to the information and explanations given to us and based on our examination of the records of the company, transactions with the related parties are in compliance with sections 177 and 188 of the Act where applicable and details of such transactions have been disclosed in the standalone financial statements as required by the applicable accounting standards.

xiv. (a) According to the information and explanations given to us by the management and based on our examination of the records of the company, the Company has an Internal Audit System commensurate with the size and nature of its business.

(b) We have considered reports of the Internal Auditors for the period under audit.

xv. According to the information and explanations given to us and based on our examination of the records of the company, the Company has not entered into non-cash transactions with directors or persons connected with them. Accordingly, provisions of Section 192 of the Companies Act, 2013 are not applicable to the Company.

xvi. (a) The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act 1934. Accordingly, clause 3(xvi)(a) of the Order is not applicable.

(b) According to the information and explanations given to us, the Company has not conducted any Non-Banking Financial or Housing Finance activity. Accordingly, clause 3(xvi)(b) of the Order is not applicable.

SINHAN INSTITUTE OF CHAIRMEN OF INDIA REPUBLICS
1864 DELA

(c) According to the information and explanations given to us, the Company is not a Core Investment Company (CIC) as defined in the regulations made by the Reserve Bank of India. Accordingly, clause 3(xvi)(c) of the Order is not applicable.

(d) According to the information and explanations provided to us during the course of audit, the Group does not have any CIC. Accordingly, the requirements of clause 3(xvi)(d) are not applicable.

xvii. According to the information and explanations given to us and based on our examination of the records, the Company has not incurred cash losses in the financial year and in the immediately preceding financial year.

xviii. There has been no resignation of the statutory auditors during the year.

xix. In our opinion and according to the information and explanations given to us by the management, on the basis of the financial ratios, ageing and expected dates of realization of financial assets and payment of financial liabilities, other information accompanying the financial statements, our knowledge of the Board of Directors and management plans, nothing has come to our attention, which causes us to believe that any material uncertainty exists as on the date of the audit report that company is capable of meeting its liabilities existing at the date of balance sheet as and when they fall due within a period of one year from the balance sheet date. We, however, state that this is not an assurance as to the future viability of the Company. We further state that our reporting is based on the facts up to the date of the audit report and we neither give any guarantee nor any assurance that all liabilities falling due within a period of one year from the balance sheet date, will get discharged by the Company as and when they fall due.

xx. (a) In our opinion and according to the information and explanations given to us by the management, there is no unspent amount towards Corporate Social Responsibility (CSR) on other than ongoing projects, requiring a transfer the unspent amount to a Fund specified in Schedule VII to the Act within a period of six months of the expiry of the financial year in compliance with second proviso to sub-section (5) of section 135 of the said Act;

(b) In respect of On-going projects, the Company has transferred amount remaining unspent as at the year end to a special account with in a period of 30 days from the end of the said financial year in compliance with the provisions of subsection (6) of section 135 of the said Act.

For Datta Singla & Co.
Chartered Accountants
Firm & Registration No.: 006185N

Partner
Membership No.:096919
UDIN: 26096919WDQNJL3311

Place: New Delhi
Date: 21st May 2026

Annexure B to Independent Auditors’ Report

Referred to in Paragraph 21 under the heading of “Report on Other Legal and Regulatory Requirements” in the Independent Auditor’s Report of even date.

According to the information and explanations given to us we report as under:

S. No.	Areas Examined	Observations/Findings
1	Assess the fair valuation of all the investments, both quoted and unquoted, made directly by the Company or through Trusts, for post retirement benefits of the employees. This includes verifying valuation methodologies, ensuring consistency with Ind AS and reviewing supporting documentation. The auditor shall provide a brief note on the valuation approach, its reasonability, and compliance with applicable regulations, reporting any material deviations or misstatements.	The Company contributes towards post-retirement benefit funds/trusts such as Gratuity Trust, EPF Trust and Defined Contribution Scheme (DCS) Trust. The investments under these trusts are managed and held by the respective trusts and are not recorded as investments in the books of the Company. Accordingly, the Company does not carry out fair valuation of such investments in its standalone financial statements. The valuation of investments held by the respective trusts is carried out in the financial statements of the trusts as per their applicable accounting policies and regulatory requirements. In this regard, investments are generally valued based on NAV for mutual fund investments, and cost/amortised cost for debt instruments, including creation of amortisation reserve for premium/discount, wherever applicable. The Company account for employee retirement benefits in compliance with the applicable requirements of Ind AS 19 – Employee Benefits, based on actuarial valuation reports (for defined benefit obligations such as gratuity) and contribution-based recognition (for defined contribution schemes such as EPF/DCS). Based on the information provided to us the valuation approach adopted by the trusts appears reasonable and consistent, and no material deviations or misstatements were observed.
2	Whether the Company has a system in place to process all the accounting transactions through IT system? If yes, whether review of this system and controls that are significant to the Companies financial reporting process as well as cyber security has been done and material discrepancies found, if any, have been suitably reported? The implications of processing of accounting transactions outside IT system on the integrity of the accounts along with the financial implications may also be reported.	The Company has in-house developed IT software and systems in place to process all the accounting transactions. The Company has adequate internal control system to process all the accounting transactions through IT system. Review of the system and controls significant to the Company’s financial reporting process has been carried out and no material discrepancies were noticed. Further, Cyber security audit of In-house developed applications were conducted by CERT-In empanelled Auditor. The necessary improvements advised were carried out. No major deficiency was reported.

		In our review, sufficient controls relating to data integrity and access/authorization over revenue computations have been observed. However, there is need for improvement in automation of process to ensure complete data integrity and seamless process flow through the IT system, thereby reducing reliance on manual interventions.
3	Whether funds (grants/subsidy etc.) received/receivable for specific schemes from Central /State Government or its agencies were properly accounted for as per the applicable accounting standards or norms and whether the received funds were utilised as per its terms and conditions? Whether accounting of interest earned on grants received has been done as per terms and conditions of the Grant. List the cases of deviation.	No funds were received during the year however funds received in earlier years have been properly accounted for/utilized as per its terms and conditions.
4	Whether the Company has identified the key Risk areas? If yes, whether the Company has formulated any Risk Management Policy to mitigate these risks? If yes, (a) whether the Risk Management Policy has been formulated considering global best practices? (b) whether the Company has identified its data assets and whether it has been valued appropriately?	Company employs a structured risk assessment process that includes the identification, analysis and prioritization of risks. Risk mitigation strategies are designed to minimize the impact and likelihood of identified risks. This involves developing and implementing control measures, regularly reviewing their effectiveness and making necessary adjustments.

Company has identified the key risk areas across various business processes such as Procurement, Construction, Project Management, Business Development, Cyber Security, ESG, HR, Legal, Accounts and Recovery.

Yes, the Company has formulated a Risk Management Policy / Risk Management Framework for mitigation of identified risks. The Risk Management framework is based on ISO 31000 and is aligned with applicable regulatory requirements and is integrated with ISO 9001:2015 and ISO 45001:2018 management systems. The framework is overseen by the Risk Management Committee of the Board, and mitigation plans are implemented and monitored through regular audits using the in-house Enterprise Risk Management System (ERMS).

(a) Yes, the Risk Management framework has been formulated considering global best practices, as it is based on ISO 31000 principles and guidelines.
(b) We have been informed that identification and |

SINGULAR SINGULAR COMPANY

		valuation of data assets is not undertaken by the company
5	Whether the Company is complying with the Securities and Exchange Board of India (SEBI) (Listing Obligation and Disclosure Requirements) Regulations, 2015, and other applicable rules and regulations of SEBI, Department of Investment and Public Asset Management, Ministry of Corporate Affairs, Department of Public Enterprises, Reserve Bank of India, Telecom Regulatory Authority of India, CERT-IN, Ministry of Electronics and Information Technology and National Payments Corporation of India wherever applicable? If not, the cases of deviation may be highlighted.	Based on the disclosures made in the Board’s Report, EIL has stated that its governance and risk management framework meets the regulatory requirements, including SEBI (LODR) Regulations, 2015, Companies Act, 2013 and DPE Guidelines. Further, the Company has systems and processes in place for monitoring compliance through Board-level oversight.

Accordingly, prima facie the Company appears to be complying with applicable regulations of SEBI, DIPAM, MCA, DPE and other regulatory bodies wherever applicable.

However, it is observed that the composition of the Board is not in compliance with SEBI (LODR) Regulations, 2015, as the Company does not have the requisite Independent Directors during the year and Woman Director for part of the year (28.03.2026-31.03.2026).

Except for the above deviation, no other specific instances of non-compliance / deviation have been reported or highlighted in the Board’s Report extract provided. |

For Datta Singla & Co.
Chartered Accountants
Firm’s Registration No.: 006185N

VISHAKHA HART
Partner
Membership No.:096919
UDIN: 26096919WDQNJL3311

Place: New Delhi
Date: 21st May 2026

Annexure C to Independent Auditors' Report

Referred to in Paragraph 22(f) under the heading of “Report on Other Legal and Regulatory Requirements” in the Independent Auditor’s Report of even date.

Report on the Internal financial controls with reference to financial statements under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

We have audited the internal financial controls with reference to financial statements of ENGINEERS INDIA LIMITED (“the Company”) as of 31 March 2026 in conjunction with our audit of the Standalone Financial Statements of the Company for the year ended on that date.

Management’s Responsibility for Internal Financial Controls

The Company’s management is responsible for establishing and maintaining internal financial controls based on the internal controls with reference to financial statements criteria established by the company considering the essential components of internal control stated in the Guidance Note on Audit of Internal financial controls with reference to financial statements issued by the Institute of Chartered Accountants of India (“ICAI”). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to Company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, 2013.

Auditors’ Responsibility

Our responsibility is to express an opinion on the Company’s internal financial controls with reference to financial statements based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal financial controls with reference to financial statements (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls with reference to financial statements was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness. Our audit of internal financial controls with reference to financial statements included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s internal financial controls system over financial reporting.

Meaning of Internal Financial Controls with Reference to Financial Statements

A Company's internal financial control with reference to financial statements is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A Company's internal financial controls with reference to financial statements includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company's assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls with Reference to Financial Statements

Because of the inherent limitations of internal financial controls with reference to financial statements, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls with reference to financial statements to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls with reference to financial statements were operating effectively as at 31 March 2026, based on the internal control over financial reporting criteria established by the company considering the essential components of internal control stated in the Guidance Note on Audit of Internal financial controls with reference to financial statements issued by the Institute of Chartered Accountants of India.

For Datta Singla & Co.
Chartered Accountants
Firm's Registration No.: 006185N

Vishakha Harit
Partner
Membership No.: 096919
UDIN: 26096919WDQNJL3311

Place: New Delhi
Date: 21st May 2026

DATTA SINGLA & CO.

Chartered Accountants

409, 4th Floor, Sethi Bhawan,

Rajendra Place, New Delhi-110008

Phone No.: 011-43008642

e-mail: [email protected]

Compliance Certificate

We have conducted audit of annual accounts of ENGINEERS INDIA LIMITED for the year ended 31st March, 2026 in accordance with the directions/sub directions issued by the C&AG of India under Section 143(5) of the Companies Act, 2013 and certify that we have complied with all the Directions/Sub Directions issued to us.

For Datta Singla & Co.

Chartered Accountants

Firm's Registration No.: 006185N

Vishakha Harit

Partner

Membership No.:096919

UDIN: 960969195AXP5C6494

Place: New Delhi

Date: 21st May 2026

BNACCRE

UNIT NO. A-203, SECOND FLOOR, ELANTE OFFICES, PLOT NO. 178-178A, INDUSTRIAL AREA,

PHASE-1, CHANDIGARH-160002, TEL.: 0172-5086551-521

SCO 34, SECTOR 4-D, BATTAN LAL ROAD, MANDI GOBINDGARH-147301 TEL: 01765-256146, 507146

B-VI-507, MOHAN GALI, OLD MADHOPURI-1, LUDHIANA-141008, MOBILE: +91-98727-00394

ENGINEERS INDIA LIMITED

CJII: L74959DL1946GOI004352

Regd. Office: Engineers India Bhavan, 1, Biskalji Cama Place, New Delhi-110066

Website: www.engineersindia.com; e-mail: [email protected]; Telephone: 011-26762011; Fax: 011-26178210

STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE THE QUARTER AND YEAR ENDED 31st MARCH 2025

E. No. PARTICULARS		STANDALONE
		QUARTER ENDED			FOR THE YEAR ENDED
		31-Mar-26	31-Dec-25	31-Mar-25	31-Mar-26	31-Mar-25
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1	Describe From Operations	65,866.76	1,10,363.48	39,113.42	3,84,555.34	2,00,935.39
2	Other Income	6,825.10	5,705.53	4,195.44	20,800.74	10,064.50
3	Total Income ($+2)	36,691.86	1,25,159.07	1,03,506.60	4,02,695.00	3,19,799.76
	Expenses
	Technical and sales (Sub-contract)	28,402.87	39,434.30	34,125.56	1,37,331.50	99,791.83
	Construction materials and equipment	12,268.59	7,795.27	9,049.42	42,554.08	30,002.81
	Employee benefits expenses	29,737.88	27,728.95	26,873.66	1,04,010.09	1,00,301.33
	Finance costs	50.39	55.25	58.29	210.75	204.48
	Depreciation and amortization expense	1,132.95	999.73	1,052.31	4,153.56	3,929.79
	Other expenses	3,816.58	9,836.77	647.23	34,169.18	23,916.85
4	Total expenses	77,312.36	65,612.47	70,810.62	3,87,535.80	2,58,125.89
5	Profit/(Loss) before exceptional items and tax (1-4)	19,479.50	39,536.60	32,456.44	83,380.28	61,672.87
6	Exceptional Items	-	-	-	-	-
7	Profit before tax (5-4)	19,479.50	39,536.60	32,456.44	83,380.28	61,672.87
8	Tax expense
	(1) Current tax
	- For the period	2,747.29	10,108.48	3,769.84	20,074.51	10,693.85
	- For earlier years Tax adjustments (net)	-	-	-	0.31	307.02
	(2) Preferred tax	1,506.56	(745.52)	4,405.21	(598.64)	4,686.34
9	Profit for the period from continuing operations (7-4)	18,201.65	38,173.64	24,323.39	63,874.10	46,823.76
10	Profit/(Loss) from discontinued operations Other Tax	-	-	-	-	-
11	Profit for the period (9 + 10)	18,201.65	38,173.64	24,323.39	63,874.10	46,823.76
	Other Comprehensive Income
12	Items that will not be reclassified to profit and loss
	Re-measurement price (Bronze) on defined benefit plans	(988.20)	(70.55)	(584.61)	(1,272.60)	(2,271.78)
	Income tax effect (Bronze) that will not be reclassified to profit and loss	248.84	17.75	147.12	525.29	571.76
	Net gain / fixed on Equity Shares carried at fair value through (1-2)	5,122.89	-	1,973.27	5,122.89	1,973.27
	Income tax effect (Bronze) that will not be reclassified to profit and loss	(772.53)	-	564.71	(732.97)	564.71
	Sub-total	3,886.48	(82.86)	2,500.49	2,438.00	1,237.96
13	Items that will be reclassified to profit and loss
	Exchange differences on translation of foreign operations	125.95	82.82	(20.34)	384.71	(32.56)
	Income tax relating to items that will be reclassified to profit and loss	(34.20)	(28.84)	5.12	(86.82)	8.18
	Sub-total	101.76	61.34	(18.22)	287.89	(24.93)
14	Other Comprehensive Income for the period (12+13)	2,752.35	9.18	2,485.27	2,725.00	1,213.64

15	Total Comprehensive Income for the period (15 + 14)	18,983.86	38,182.82	24,839.66	67,509.89	47,737.40
16	End up Equity Share Capital if not Value of 5 % per share)	58,102.13	28,102.13	28,102.13	58,102.13	28,102.13
17	Other Equity				2,79,209.97	2,33,901.89
18	Earnings per equity share (Face value 5 per share)
	(For containing and discontinued operations)
	Price (5)	2.75	5.37	4.33	11.36	8.28
	Other (5)	2.75	5.37	4.33	11.36	8.28

NOTES:

1) The above results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meeting held on 21st May, 2026.
2) These financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter.
3) The Audited Accounts are subject to review by the Comptroller and Auditor General of India under section 143(b) of the Companies Act, 2013.
4) In one of the ongoing turnkey project, the company had in previous periods reduced the contract price on account of price deduction for anticipated delays in the completion of contract as per provisions of Ind AS 115 "Revenue from Contracts with Customers". On Mechanical completion of the project as per the contractual provisions, an adjustment in the contract price has been made resulting into increase in Revenue and Profit in turnkey segment by ₹ 32,552.22 births and ₹ 21,357.81 births respectively during the quarter ended 31st December 2025 and year ended 31st March 2026.
5) During the year ended 31st March 2026, pursuant to settlement of performance obligation with Client in Consultancy and Engineering Projects segment, the contractual obligation in respect thereof amounting of ₹ 3,516.76 births has been written back.
6) The Board of Directors have recommended a final dividend of ₹ 250 per share (Face value ₹ 5.00 per share) in addition to interim dividend of ₹ 2.50 per share (Face Value ₹ 5.00 per Share) paid during the year. The final dividend is subject to approval of shareholders in the Annual General Meeting.
7) The figures of three months ended 31st March, 2026 and 31st March, 2025 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the respective financial years.
8) Previous period figures have been regrouped/redissolved wherever necessary to make them comparable to the figures of the current periods.

Place: New Delhi

Dated: 21st May, 2026

ENGINEERS INDIA LIMITED

CIN: L74899DL1965GOI004352

Regd. Office: Engineers India Bhavan, 1, Bhikaiji Cama Place, New Delhi-110066

Website: www.engineersindia.com; e-mail: [email protected]; Telephone: 011-26762011; Fax: 011-26178210

STATEMENT OF STANDALONE AUDITED SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED

FOR THE QUARTER AND YEAR ENDED 31st MARCH 2026

(f in Lakhs)

PARTICULARS	STANDALONE
	QUARTER ENDED			FOR THE YEAR ENDED
	31-Mar-26	31-Dec-25	31-Mar-26	31-Mar-26	31-Mar-25
	(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
Segment Revenue
Consultancy & Engineering Projects	48,908.75	47,353.40	54,246.99	1,78,204.65	1,67,876.42
Turnkey Projects	40,958.01	72,010.08	44,666.43	2,06,780.69	1,34,958.84
Total	89,866.76	1,19,363.46	99,113.42	3,84,985.34	3,02,835.26
Segment Profit from operations
Consultancy & Engineering Projects	13,473.71	10,429.89	27,853.69	42,366.62	50,962.63
Turnkey Projects	3,309.63	27,368.66	4,878.04	35,609.83	10,539.05
Total (a)	16,783.34	37,798.55	32,731.73	77,976.45	61,501.68
Interest	50.39	55.35	56.29	210.75	264.48
Other un-allocable expenditure	4,078.65	4,002.19	4,372.45	15,316.16	16,528.83
Total (b)	4,128.94	4,057.54	4,428.73	15,526.91	16,793.31
Other Income (c)	6,925.10	5,795.59	4,195.44	20,900.74	16,964.50
Profit Before Tax (a-b+c)	19,479.60	39,536.60	32,498.44	83,350.28	61,672.87
Capital Employed *	3,04,312.10	2,93,788.94	2,62,004.02	3,04,312.10	2,62,004.02

Property, Plant & Equipment and other assets used in the Company's business or segment liabilities contracted have not been identified to any of the reportable segments, as these assets and support services are used interchangeably between segments. Accordingly, no disclosure relating to total segment assets and liabilities has been made and capital employed has been presented.

Place: New Delhi

Dated: 21st May, 2026

By Order of the Board

For Engineers India Limited

Director (Finance) & Whole-time Director

DIN: 09223617

ENGINEERS INDIA LIMITED

CIN: L74899DL1965GOI004352

Regd. Office : Engineers India Bhavan, 1, Bhikaji Cama Place, New Delhi-110066

Website: www.engineersindia.com ; e-mail: [email protected] ; Telephone: 011- 26762011 ; Fax: 011- 26178210

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31st MARCH 2026

STATEMENT OF STANDALONE ASSETS AND LIABILITIES

(₹ in lakhs)

	PARTICULARS	STANDALONE
		AS AT	AS AT
		31-Mar-2026	31-Mar-2025
		Audited	Audited
I	Assets
	Non-Current Assets
(a)	Property, Plant and Equipment	26,988.84	22,038.38
(b)	Right of Use Assets	2,535.73	2,894.71
(c)	Capital work-in-progress	3,084.42	4,567.34
(d)	Investment Property	3,641.23	3,710.33
(e)	Other Intangibles Assets	424.52	686.15
(f)	Intangible Assets under development	-	-
(g)	Financial Assets
	(i) Investments	1,51,652.83	1,43,072.21
	(ii) Loans	12,563.23	11,862.64
	(iii) Other Financial Assets	181.35	189.41
(h)	Deferred Tax Assets (net)	32,882.66	32,069.12
(i)	Non-Current Tax Assets (net)	329.89	2,442.01
(j)	Other Non-Current Assets	3,182.55	2,342.08
	Current Assets	2,37,467.25	2,25,784.30
(i)	Inventories	52.07	63.80
(k)	Financial Assets
	(i) Investments	8,346.51	579.15
	(ii) Trade receivables	45,157.85	42,685.67
	(iii) Cash and cash equivalents	8,506.62	13,454.38
	(iv) Bank balances other than cash & cash equivalents	1,19,512.53	1,10,812.46
	(v) Loans	2,821.62	2,463.50
	(vi) Other Financial Assets	1,14,184.14	80,851.94
(v)	Other Current Assets	37,022.15	42,213.50
	Assets Held for Sale	3,35,603.49	2,92,524.40
		80.48	164.25
		3,35,603.97	2,92,650.65
	Total Assets	5,73,151.22	5,19,473.03
II	Equity and Liabilities
	Equity
(a)	Equity Share capital	28,102.13	28,102.13
(b)	Other Equity	2,76,209.97	2,33,901.89
	Liabilities	3,04,342.40	2,62,004.02
	Non-Current Liabilities
(a)	Financial Liabilities
	(i) Least Liabilities	788.55	961.64
	(ii) Other Financial Liabilities	155.69	244.80
(b)	Provisions	498.99	512.72
(c)	Other Non-Current Liabilities	2,247.92	324.63
	Current Liabilities	3,691.15	2,843.79
(a)	Financial Liabilities
	(i) Least Liabilities	891.64	1,249.91
	(ii) Trade payables
	Total outstanding dues of Micro and Small Enterprises	9,549.99	8,238.68
	Total outstanding dues of creditors other than Micro and Small Enterprises	48,639.18	39,824.34
	(iii) Other Financial Liabilities	45,939.10	38,235.09
(b)	Other Current Liabilities	90,827.00	1,02,717.59
(c)	Provisions	68,481.94	64,830.14
(d)	Current Tax Liabilities (net)	2,799.12	129.47
	Total Equity and Liabilities	2,65,147.97	2,54,425.32
		5,73,151.22	5,19,473.03

Page-3 of 5

ENGINEERS INDIA LIMITED

CIN: L74899DL1965GOI004352

Regd. Office : Engineers India Bhavan, 1, Bhikaiji Cama Place, New Delhi-110066

Website: www.enginsersindia.com ; e-mail: [email protected] ; Telephone: 011- 36762011 ; Fax: 011- 36178210

Standalone Statement of Cash Flows for the year ended 31st March 2026

	Year Ended
	31-Mar-26
(Audited)	31-Mar-25
(Audited)
	STANDALONE
A CASH FLOW FROM OPERATING ACTIVITIES
1. Profit before tax	83,350.28	61,672.87
2. Adjustments for:
Depreciation and amortisation expense	4,153.56	3,929.79
Fixed assets written off	55.64	19.51
Deposits/Other Assets written off	0.33	0.32
Bad debts written off	5.71	608.39
Allowance for expected credit losses - trade receivables and advances (net)	836.64	(855.85)
Provision for Impairment of Oil Block	(12.92)	(6.84)
Provision Employees' post retirement/long-term benefits	(4,449.13)	(8,001.69)
Provision for corporate social responsibility	(68.92)	(51.73)
(Reversal of provision)/provision for contractual obligations (net)	4,898.05	(4,424.16)
(Reversal of provision)/provision for expected losses (net)	5.47	52.50
Interest expense	210.75	264.48
(Profit)/loss on sale of fixed assets	(41.69)	(74.64)
Interest income	(9,481.88)	(9,354.39)
Loss/(gain) on modification of employee advances	12.59	(161.89)
Loss/(gain) on modification of Leases	(0.95)	(1.39)
Amortisation of deferred income	(35.20)	(34.74)
Capital gain from investments in mutual funds	(937.68)	(1,281.02)
Dividend income	(6,289.45)	(2,524.29)
Rental Income	(2,417.25)	(2,315.96)
Subtotal (3)	(13,576.33)	(24,033.19)
3. Operating Profit Before Working Capital Changes (1+2)	69,773.95	37,639.68
4. Changes in Working Capital (Excluding Cash and Cash Equivalents)
(Increase)/decrease in Trade and Other Receivables	(33,050.84)	(36,553.87)
(Increase)/decrease in Investments	11.73	(7.60)
Increase/(decrease) in Trade and Other Payables	9,273.86	21,499.55
Subtotal- Changes in Working Capital (Excluding Cash & Cash Equivalents)	(23,705.25)	(15,061.92)
5.Cash generated from operations (3+4)	46,006.70	23,577.76
6. Income tax paid (net)	(15,632.38)	(12,609.85)
Net cash flow generated from/(used in) operating activities (5+6) = (A)	30,376.32	9,967.91
B CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment, investment property, right-of-use assets, intangibles assets and intangible assets under development (including capital work-in-progress)	(6,893.97)	(4,183.05)
Sale of fixed assets	182.88	94.65
Interest received	9,438.97	7,621.22
Dividend received	6,289.45	2,524.29
Investment in liquid phase of mutual funds (net)	(6,829.68)	15,958.99
Fixed deposit placed with banks having original maturity of more than three months	(1,21,924.18)	(1,09,685.31)
Fixed deposit with banks matured having original maturity of more than three months	1,12,276.82	88,954.00
Other Investment (unquoted Equity Shares)	(3,457.74)	(3,457.75)
Employees Loan	(296.94)	(2,012.18)
Rental Income received	2,785.32	1,212.70
Net cash flows generated from/(used in) investing activities (B)	(9,429.07)	(2,972.44)
C CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid	(25,291.91)	(16,861.27)
Payment of lease liabilities	(1,603.10)	(1,639.48)
Net cash flow generated from/(used in) financing activities (C)	(26,595.01)	(18,560.75)
Increase/(decrease) in cash and cash equivalents (A+B+C)	(4,947.76)	(11,505.28)
Cash and cash equivalents at the beginning of the period	13,454.38	24,959.66
Cash and cash equivalents at the end of the period	6,506.62	13,454.38

Page- 4 of 6

Notes:

The above Statement of Cash Flows is prepared using “Indirect Method” as set out in the Indian Accounting Standard (Ind AS) – 7 on Statement of Cash Flows.
Reconciliation of Cash and Cash Equivalents and Components of Cash and Cash Equivalents included in the above Standalone Statement of Cash Flows:

| Particulars | Year Ended
31 March 2026 | Year Ended
31 March 2025 |
| --- | --- | --- |
| Cash in hand, including Imprest | 13.85 | 17.96 |
| Balances with banks: | | |
| - Current account | 8,486.27 | 13,356.47 |
| - Deposits having manure of less than three months | 6.50 | 79.95 |
| Total Cash and Cash Equivalents as per Standalone Balance Sheet and Standalone Statement of Cash Flows | 8,506.62 | 13,454.38 |

Includes ₹ 150.51 lakhs (previous year 31 March 2025: ₹ 128.01 lakhs) in currencies which are not repassable.
Reconciliation between the Opening and Closing Balances in the Balance Sheet for Liabilities arising from Inversing & Financing Activities:

Particulars	Lease Liabilities
As at 1st April, 2024	3,285.34
(a) Cash Flows during the year	(1,639.48)
(b) Non Cash Changes due to:
– Addition to Lease Liability	342.46
– Interest on Lease Liabilities	233.37
– Deletion to Lease Liability	(10.34)
As at 31st March, 2025	2,211.55
(a) Cash Flows during the year	(1,603.10)
(b) Non Cash Changes due to:
– Addition to Lease Liability	886.73
– Interest on Lease Liabilities	178.93
– Deletion to Lease Liability	(37.54)
– Foreign exchange (gain)/loss on restatement of lease liabilities	43.62
As at 31st March, 2026	1,680.19

Page- 5 of 5

DATTA SINGLA & CO.

Chartered Accountants

409, 4th Floor, Sethi Bhawan,

Rajendra Place, New Delhi-110008

Phone No.: 011-43008642

e-mail: [email protected]

INDEPENDENT AUDITOR'S REPORT

THE MEMBERS OF ENGINEERS INDIA LIMITED

Report on the Audit of the Consolidated Financial Statements

Opinion

We have audited the accompanying Consolidated Financial Statements of ENGINEERS INDIA LIMITED (“hereinafter referred to as the Holding Company”) and its subsidiary company (the Holding Company and its subsidiary together referred to as “the Group”) and its joint venture and associate (refer Note 7A(i)) to the attached Consolidated Financial Statements), comprising the Consolidated Balance Sheet as at 31st March 2026, the Consolidated Statement of Profit and Loss (including other comprehensive income), the Consolidated Statement of Changes in Equity and the consolidated Cash Flows Statement for the year then ended and a summary of the material accounting policies and other explanatory information (hereinafter referred to as “the Consolidated Financial Statements”).
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of reports of the auditors on financial statements and on the other financial information of subsidiary, joint venture and associate, the aforesaid Consolidated Financial Statements give the information required by the Companies Act, 2013 (“the Act”) in the manner so required and give a true and fair view in conformity with Indian Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended (“Ind AS”) and other accounting principles generally accepted in India, of the consolidated state of affairs of the Group as at March 31, 2026, the consolidated Profit, consolidated total comprehensive income, consolidated cash flows and consolidated changes in equity for the year ended on that date.

Basis for Opinion

We conducted our audit of Consolidated Financial Statements in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Consolidated Financial Statements under the provisions of the Act and the Rules made there under, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the Consolidated Financial Statements.

BRANCHES

UNIT NO. A-203, SECOND FLOOR, ELANTE OFFICES, PLOT NO. 178-178A, INDUSTRIAL AREA

PHASE-1, CHANDIGARH-160002, TEL.: 0172-5086551-52

SCO 34, SECTOR 4-D, BATTAN LAL ROAD, MANDI GOBINDGARH-147301 TEL: 01765-256146, 507146

B-VI-507, MOHAN GALI, OLD MADHOPURI-1, LUDHIANA-141008, MOBILE: +91-98727-00394

Emphasis of Matter Paragraph

A) We draw reference to Note 49 of Consolidated Financial Statements related to Contractor’s claim Rs. 40960.75 Lakh and counter claim by company Rs. 12907.15 Lakh in litigation pending with Hon’ble Supreme Court in respect of termination of contract by company in 2016

The management does not consider any possible obligation on these matters requiring future probable outflow of resources of the company.

B) We draw reference to Note 48(b) of Consolidated Financial Statements related to revenue accounted for in FY 2024-25 Rs. 128.91 crores related to variable consideration which includes Rs. 86.33 crores in respect of a Job. The Company recognized revenue of Rs. 86.33 Crores against a change order claim raised by the Company on HRRL (Client) towards additional site efforts for the period 01.04.2024 to 31.12.2024 amounting to Rs. 98.82 Crore, based on management’s assessment and correspondence received from the client indicating that the claim had been taken cognizance of and was under consideration, subject to necessary approvals. The related costs were already incurred and included in the project cost estimates. The said amount recognised as revenue has been included under Unbilled Revenue / Contract Asset, and since the change order has not been formally issued/approved by the client, no bill has been raised by the Company in respect of the said claim. During the year, company has recognized revenue of Rs. 5.01 crores in respect of variable consideration which includes Rs. 3.10 crores in respect of this Job.

C) We draw attention to Note No. 14 to the Consolidated Financial Statements related to Trade Receivable which includes Rs. 59.43 crores (including foreign exchange gain of Rs. 17.05 crores) relating to an overseas client (Angola). The company issued invoice during FY 2016-17 for Rs. 42.38 crores and recognized corresponding Contract Liability (Income received in advance) of Rs. 42.38 crores. The amount has remained outstanding for more than three years. The said amount was classified as “Undisputed Trade Receivables – considered good”. Till date, company has recognized foreign currency

translation gain of Rs. 17.05 crore on above said amount and created allowance for expected credit loss of equivalent amount.

D) We draw reference to Note 61 (a) and (b) of Consolidated Financial Statements related to joint venture, wherein the auditor of joint venture company has stated following in their report under Emphasis of Matter paragraph:

i) We draw attention to note no 49 relating to expenses incurred for implementation of Environment Management plan and related matter as mentioned in said note.
ii) We draw attention to note no 8(i) regarding company’s claim for grant less sanctioned by the state of Telangana for Rs. 2082.06 Lakhs, for which company’s representation is pending for approval with the State Govt. of Telangana.

Our opinion is not modified in respect of the said matters.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Consolidated Financial Statements of the current period. These matters were addressed in the context of our audit of the Consolidated Financial Statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report:

Sr. No.	Key Audit Matter	How our audit addressed the key audit matter
a	Revenue Recognition from Construction Contracts (Refer Note 3D and 24 of Consolidated Financial Statements)
The Group’s revenue primarily arises from construction contracts which, may be rendered in the form of engineering consultancy services and engineering procurement and construction (EPC) services through design-build contracts,	Our audit procedures included, but were not limited to the following:
• Evaluating the appropriateness of the accounting policy for revenue recognition.
• Obtaining an understanding of the processes and evaluating the design and testing the effectiveness of key internal financial controls, including those related to review and approval of contract estimates.
• For a sample of contracts, testing the appropriateness of amount recognized as revenue, basis percentage of completion method by evaluating key management

3
CHARTERED ACCOUNTANTS 17-04-2024

| | and cost plus forms of construction contracts which by their nature, are complex given the significant judgments involved in the assessment of current and future contractual performance obligations.
The Group recognizes revenue relying on the estimates in relation to forecast contract revenue and forecast contract costs on the basis of stage of completion which is determined based on the proportion of contract costs incurred at balance sheet date, relative to the total estimated costs of the contract at completion.
These contract estimates are reviewed by the management on a periodic basis. In doing so, the management is required to exercise judgment in its assessment of the valuation of contract variations, claims and liquidated damages as well as the completeness and accuracy of forecast costs to complete and the ability to deliver contracts within contractually determined timelines.
The revenue on contracts may also include variable considerations which are recognized when the recovery of such consideration is highly probable.
Changes in these judgments, and the related estimates as contracts progress can result in material adjustments to revenue. In view of the involvement of significant estimates by the management and material impact on the Financial Statements, the matter has been determined as Key Audit Matter. | judgments inherent in determining forecasted contract revenue and costs to complete the contract, including:
• verifying the underlying documents such as original contract and its amendments, if any, for reviewing the significant contract terms and conditions;
• evaluating the identification of performance obligation of the contract;
• testing the existence and valuation of variable consideration with respect to the contractual terms and inspecting the related correspondences with customers; and
• testing the estimates for consistency with the status of delivery of milestones and customers’ acceptance to identify possible delays in achieving milestones, which require changes in estimated costs or efforts to complete the remaining performance obligation.
• For cost incurred to date, testing samples to appropriate supporting documents and performing cut-off procedures;
• Performing analytical procedures for reasonableness of revenue recognized; and
• Evaluating the appropriateness and adequacy of the disclosures related to contract revenue and costs in the Consolidated Financial Statements in accordance with the applicable accounting standards. |
| --- | --- | --- |
| B | Contingent liabilities (Refer note 40A and 50 of Consolidated Financial Statements)
The group is subject to number of commercial claims including employees claims and tax & legal disputes, which have been disclosed in the financial statements based on the facts and circumstances of each case.
Taxation and litigation exposures have been identified as a key audit matter due to the complexities involved in these matters, time scale involved for resolution and the potential financial impact of these on the financial statements. | Our audit procedures included but were not limited to:
• Obtaining a detailed understanding processes and controls of the Management with respect to claims or disputes.
• Evaluation of the design of the controls relating to compilation of the claims, assessment of probability of outcome, estimates of the timing and the amount of the outflows, an appropriate reporting by the management and testing implementation and operating effectiveness of the key controls.
Performing following procedures on sample selected: |

| | Further, significant management judgment is involved in assessing the exposure of each case and thus a risk that such cases may not be adequately provided for or disclosed | • Understanding the matters by reading the correspondences, communications, minutes of the Audit Committee and or the Board meetings and discussions with the appropriate management personnel.
• Making corroborative inquiries with appropriate level of the management personnel including status update, expectation of outcomes with the basis, and the future course of action contemplated, and perusing legal opinions, if any, obtained by the management.
• Considering their opinions of attorney wherever available on probability assessment of the outcomes.
• Evaluating the evidence supporting the judgment of the management about possible outcomes and the reasonableness of the estimates.
• Evaluating appropriateness of adequate disclosures in accordance with the applicable accounting standards. |
| --- | --- | --- |

Information Other than the Consolidated Financial Statements and Auditor’s Report Thereon

The Company’s Board of Directors is responsible for the other information. The other information comprises the information included in the Management Discussion and Analysis, Board’s report including annexures to Board’s Report, Business Responsibility & Sustainability Report, Corporate Governance and Shareholders’ Information, but does not include the Consolidated Financial Statements and our audit report thereon.
Our opinion on the Consolidated Financial Statements does not cover the other information and we do not express any form of assurance thereon.
In connection with our audit of the Consolidated Financial Statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Consolidated Financial Statements or our knowledge obtained during the course of audit, or otherwise appears to be materially misstated.
If, based on the work we have performed, if we conclude that there is a material misstatement of this other information, we are required to report that fact to those charged with governance and review the steps taken by the management to communicate to those in receipt of the other information, if previously issued, to inform them of the revision.

Management Responsibility for the Consolidated Financial Statements

The Holding Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these Consolidated Financial Statements that give a true and fair view of the consolidated financial position, consolidated financial performance including consolidated comprehensive income, consolidated changes in equity and consolidated cash flows of the group in accordance with the Ind AS and accounting principles generally accepted in India. The respective Board of Directors of the companies included in the group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Consolidated Financial Statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Consolidated Financial Statements, the respective Board of Directors of the companies included in the Group and of its joint venture and associate are responsible for assessing the ability of the Group and of its joint venture and associate to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group and of its joint ventures and associate are responsible for overseeing the financial reporting process of the Group and of its joint venture and associate.

Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements

Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the Consolidated Financial Statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal controls relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Group and its jointly controlled entities has adequate internal financial controls system in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates

6
CHARTERED ACCOUNTANTS 000-0001858

and related disclosures made by management.

Conclude on the appropriateness of management’s use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its joint venture and associate to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Consolidated Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group and its joint venture and associate to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Consolidated Financial Statements, including the disclosures, and whether the Consolidated Financial Statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group and its joint venture and associate to express an opinion on the Consolidated Financial Statements. We are responsible for the direction, supervision and performance of the audit of the financial statements of such entities included in the Consolidated Financial Statements of which we are the independent auditors. For the other entities included in the Consolidated Financial Statements, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
Materiality is the magnitude of misstatements in the Consolidated Financial Statements that, individually or in aggregate, makes it probable that the economic decisions of reasonably knowledgeable user of the financial statements may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Consolidated Financial Statements.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the Consolidated Financial Statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Other Matters

We did not audit the financial statements/financial information of subsidiary company, whose financial statements reflect total assets of Rs. 13456.30 Lakh as of 31 March 2026, total revenues of Rs. 8712.77 Lakh and net cash outflow of Rs. 136.90 Lakh for the year ended on that date, as considered in

the Consolidated Financial Statements. The auditor of subsidiary company has issued the unmodified opinion. Also, we did not audit the financial statements of 1 joint venture entity which is a company incorporated in India, in which Group’s share of net profit is Rs. 4736.58 lakhs for year ended 31 March 2026, as considered in the Consolidated Financial Statements. These financial statements have been audited by other auditor whose report has been furnished to us by the management and our opinion on the consolidated financial statements, in so far as it relates to the amounts and disclosures included in respect of this subsidiary and joint venture, and our report in terms of sub-section (3) of Section 143 of the Act, in so far as it relates to the aforesaid subsidiary and joint venture, is based solely on the report of the other auditor.

Also, we did not audit the financial statements of 1 foreign associate in which Group’s share of profit is Rs. 1.46 Lakhs for year ended 31 March 2026 on the basis of unaudited financial statements certified by management, as considered in the Consolidated Financial Statements. In our opinion and according to the information and explanations given to us by the Management, this unaudited financial statements/financial information are not material to the Group.

Further 1 jointly controlled entity is under liquidation. We did not audit the financial information of the said jointly controlled entity in which Group’s share of net profit/(loss) is NIL for the year ended 31 March 2026, as considered in the Consolidated Financial Statements. The liquidator’s statement as certified by the Liquidator has not been furnished to us by the Management. In our opinion and according to the information and explanations given to us by the Management, this financial statements/financial information are not material to the Group.

We did not audit the financial information of 2 joint operations which are unincorporated entities whose financial information reflect total assets of Rs. 72.40 Lakh as at 31st March, 2026, total revenue of Rs. 28.96 Lakh and net cash outflow of Rs. 13.17 Lakh for the year ended on that date, as considered in respective Standalone Financial Statements of entities considered in the group. This financial information is unaudited and has been furnished to us by the management and our opinion on the Consolidated Financial Statements, in so far as it relates to the amounts and disclosures included in respect of these joint operations and our report in terms of sub-section (3) of section 143 of the Act in so far as it relates to the joint operations, is based solely on such unaudited financial information certified by the management. In our opinion and according to the information and explanations given to us by the Management, this financial information is not material to the Company.

Our opinion on the Consolidated Financial Statements, and our report on Other Legal and Regulatory Requirements and Internal Financial Controls, is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the financial information certified by the Management.

Report on Other Legal and Regulatory Requirements

As required by Section 143(3) of the Act, we report that:

a. We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit of the aforesaid Consolidated Financial Statements.

b. In our opinion, proper books of account as required by law relating to preparation of the aforesaid Consolidated Financial Statements have been kept so far as it appears from our examination of those books and the reports of the other auditors.

c. The Consolidated Balance Sheet, the Consolidated Statement of Profit and Loss (including other comprehensive income), consolidated statement of Changes in Equity and the Consolidated Cash Flow Statement dealt with by this Report are in agreement with the relevant books of account maintained for the purpose of preparation of the Consolidated Financial Statements.

d. In our opinion, the aforesaid Consolidated Financial Statements comply with the Indian Accounting Standards specified in the Companies (Indian Accounting Standards) Rules, 2015 (as amended) under Section 133 of the Act.

e. In view of exemption given vide notification no. G.S.R. 463(E) dated June 5, 2015, issued by Ministry of Corporate Affairs, provisions of Section 164(2) of the Act regarding disqualification of directors, is not applicable to Government Companies.

f. With respect to the adequacy of the internal financial controls over financial reporting and the operating effectiveness of such controls, refer to our separate Report in “Annexure A” which is based on the report of the statutory auditors of the respective Companies of the Group incorporated in India. Our report expresses an unmodified opinion on the adequacy and operating effectiveness of the internal financial control over financial reporting of those companies, for reasons stated therein.

g. With respect to the other matters to be included in the Auditor’s Report, as per notification number G.S.R. 463(E) dated 5 June 2015 issued by Ministry of Corporate Affairs, section 197 of the Act regarding the Managerial remuneration is not applicable on Government Companies.

h. With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditor’s) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

i. the Consolidated Financial Statements disclose the impact of pending litigations on the consolidated financial position of the Group, Joint Ventures and Associate. – Refer Note 40A to the Consolidated Financial Statements.

ii. Provision has been made in the Consolidated Financial Statements, as required under the applicable law or accounting standards, for material foreseeable losses, if any, on long term contracts including derivative contracts.

iii. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Holding Company, its subsidiary and Joint Venture incorporated in India.

iv (a) The respective Managements of the holding company, its subsidiary and Joint Venture which is company incorporated in India, whose financial statements have been audited under the Act, have represented to us and to other auditors that, to the best of their knowledge and belief, no funds (which are material either individually or in the aggregate) have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company or any of such subsidiary to or in any other person or entity, including foreign entity (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of

the Company or any of such subsidiary (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(b) The respective Managements of the holding Company, its subsidiary and Joint Venture which is company incorporated in India, whose financial statements have been audited under the Act, have represented to us and to other auditors that, to the best of their knowledge and belief, no funds (which are material either individually or in the aggregate) have been received by the Company or any of such subsidiary from any person or entity, including foreign entity (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Company or any of such subsidiaries shall, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

c) Based on the audit procedures that have been considered reasonable and appropriate in the circumstances performed by us on the holding Company, its subsidiary and joint venture which is company incorporated in India whose financial statements have been audited under the Act, nothing has come to our notice that has caused us to believe that the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain any material misstatement except for foreign joint venture.

v. The final dividend paid by the holding Company, its subsidiary and joint venture which are companies incorporated in India, whose financial statements have been audited under the Act, where applicable, during the current year in respect of the same declared for the previous year, is in accordance with section 123 of the Companies Act 2013, as applicable.

The interim dividend declared and paid by the holding Company, its subsidiary and joint venture which are companies incorporated in India, whose financial statements have been audited under the Act, where applicable, during the year, and until the date of this report is in compliance with Section 123 of the Act.

As stated in note 37 to the financial statements, the Board of Directors of the holding Company, its subsidiary and joint venture which are companies incorporated in India whose financial statements have been audited under the Act, where applicable, have proposed final dividend for the current year which is subject to the approval of the members of holding Company, its subsidiary and joint venture at the ensuing Annual General Meeting. The dividend proposed is in accordance with section 123 of the Act, as applicable.

vi. Based on our examination, which included test checks performed by the company and the respective auditors of its subsidiary and joint venture have used an accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has been operated throughout the year for all relevant transactions recorded in the software.

In respect of joint venture their auditor has reported that audit trail feature was not enabled for changes made at the database level for accounting software.

10
U. S. SINGLA CITY
CHARTERED
SECONDAISTS
FIN-006185N

Further, during the course of our audit, we and respective auditors of the joint venture, did not come across any instance of audit trail feature being tampered with. The tempering of audit trail feature in respect of subsidiary could not be commented as not reported by the auditor of the subsidiary.

Additionally, the Audit trail has been preserved as per the statutory requirements for record retention by the Company, subsidiary and its joint venture, as reported by their auditor.

With respect to the matters specified in paragraphs 3(xxi) and 4 of the Companies (Auditor's Report) Order, 2020 (the "Order"/"CARO") issued by the Central Government in terms of Section 143(11) of the Act, to be included in the Auditor's report, according to the information and explanations given to us, and based on the CARO report issued by us and the auditors of the subsidiary and joint venture company included in the consolidated financial statements of the Company, to which reporting under CARO is applicable, we report there are no qualifications or adverse remarks in these CARO reports except for following:

Sr No.	Name of Company	CIN	Holding Company /Subsidiary/Associate /Joint Venture	Clause No of CARO which is qualified or adverse
1	Engineers India Limited	L74899DL1965GOI004352	Holding Company	3 (i) c, (vii)a
2	Certification Engineers International Limited	U74899DL1994GOI062371	Subsidiary	3(i) c
3	Ramagundam Fertilizers and Chemicals Limited	U24100DL2015PLC276753	Joint Venture	3(ii) b

For Datta Singla & Co.
Chartered Accountants
Firm's Registration No.: 006185N

Vishakha Barit
Partner
Membership No.:096919
UDIN: 26096919XLWKMI8382

Place: New Delhi
Date: 21st May 2026

Annexure - A to the Independent Auditors’ Report

Referred to in Paragraph 22 (f) under the heading of “Report on Other Legal and Regulatory Requirements” in the Independent Auditor’s Report of even date

Report on the Internal Financial Controls over Financial Reporting under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

In conjunction with our audit of the Consolidated Financial Statements as of and for the year ended 31 March 2026, we have audited the internal financial controls over financial reporting of ENGINEERS INDIA LIMITED (“the Holding Company”) and its subsidiary (the Holding Company and its subsidiary together referred to as “the Group”) and its joint venture, which are companies incorporated in India, as of that date.

Management’s Responsibility for Internal Financial Controls

The respective Board of Directors/Management of the Holding Company, its subsidiary company and joint ventures, which are companies incorporated in India, are responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the respective Companies considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (“ICAI”). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to respective company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Act.

Auditors’ Responsibility

Our responsibility is to express an opinion on the internal financial controls over financial reporting of the Group and its jointly controlled entities, based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the “Guidance Note”) issued by ICAI and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained and audit evidence obtained by other auditors of the subsidiary and joint venture which are companies incorporated in India, in terms of their report referred to in other matter paragraph below, is sufficient and appropriate to provide a basis for our audit opinion on internal financial controls system over financial reporting of the Group.

Meaning of Internal Financial Controls over Financial Reporting

A Company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A Company's internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the reports of other auditors referred to in Other Matters paragraph below, the Group and its jointly controlled entities, which are companies incorporated in India, have, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31st March 2026, based on the internal control over financial reporting criteria established by the respective companies considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

Other Matters

Our aforesaid reports under section 143(3)(i) of the Act on the adequacy and operating effectiveness of the internal financial controls over financial reporting with reference to Consolidated Financial Statements, in so far as it relates to subsidiary and jointly controlled entity which are companies incorporated in India, is based on the corresponding reports issued by auditors of such companies, which do not disclose any material inadequacy in the internal financial controls over financial reporting

Our opinion is not modified in respect of the above matters.

For Datta Singla & Co.
Chartered Accountants
Firm’s Registration No.: 006185N

Vishakha Harit
Partner
Membership No.:096919
UDIN: 26096919XLWKMI8382

Place: New Delhi
Date: 21st May 2026

ENGINEERS INDIA LIMITED

Citi: L74699DL1965GQ0064352

Regd. Office: Engineers India Bhavan, 1, Birikalji, Cama, Plaue, New Delhi-110066

Website: www.engineersindia.com; e-mail: [email protected]; Telephone: 011-26792011; Fax: 011-26178210

STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31st MARCH 2026

S. No.	PARTICULARS	CONSOLIDATED
		QUARTER ENDED			FOR THE YEAR ENDED
		31-Mar-25	31-Mar-26	31-Mar-26	31-Mar-25	31-Mar-26
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1	Increase from Operation	62,620.96	1,31,024.15	1,01,022.53	3,92,818.07	3,68,756.50
2	Other Income	8,283.72	5,916.54	2,635.29	10,526.47	10,925.96
3	Total Income ($42)	65,663.38	1,36,943.01	1,04,037.02	4,12,224.05	3,33,784.26
	Expenses
	Included and unanticipated expenses	29,034.49	10,810.73	34,358.05	1,38,820.65	1,09,020.74
	Nonanticipated materials and equipment	12,232.35	7,788.07	8,024.18	42,910.83	10,781.57
	Employer benefits payment	26,112.85	29,358.02	27,518.44	1,00,040.59	1,02,232.05
	Interest costs	35.33	50.71	30.39	211.55	265.92
	Depreciation and amortization expense	1,081.24	1,002.52	1,089.17	4,172.08	3,925.19
	Other expenses	10,546.56	9,986.62	1,025.82	35,036.01	23,528.60
4	Total expenses	70,003.19	84,083.79	73,933.95	2,37,815.51	2,61,754.97
	Profit/(Loss) before share of Profit/(Loss) of prior venture entities and associates, exceptional items and on ($-5)	20,329.59	40,856.89	32,012.92	84,710.85	62,029.39
5	Share of Profit/(Loss) in prior venture entities/Associates	2,871.05	4,101.35	3,750.42	9,729.56	10,750.93
6	Profit/(Loss) before exceptional items and on ($+5)	24,209.94	44,221.28	36,353.34	89,446.01	73,816.22
7	Incorporated Items
	Profit before tax (7-8)	24,209.94	44,221.28	36,353.34	89,446.01	73,816.22
10	Tax expense
	(1) Custom tax
	For the period	2,132.61	10,315.69	4,670.16	21,129.13	11,483.94
	(2) Cash on draw	-	-	12.33	0.31	51.24
	(3) Debt on draw	1,514.42	(811.20)	4,233.00	(829.45)	1,975.51
11	Profit after tax for the period from continuing operations (9-5)	19,553.40	34,715.73	27,981.50	80,350.54	57,977.13
12	Profit/(Loss) from discontinued operations (After Tax)	-	-	-	-	-
13	Profit for the period (1) = 10	19,553.40	34,715.73	27,981.50	69,158.94	57,977.13
	Other Comprehensive Income
14	Items that will not be reclassified to profit and loss
	Re-enactment part of (loss) on defined benefit plans	(911.23)	(72.37)	(605.63)	(1,221.58)	(2,307.04)
	Income tax either thereon that will not be reclassified to profit and loss	229.34	19.97	153.42	307.45	580.64
	Net gain / decision figure (times carried at fair value through O.T.)	5,122.60	-	1,373.27	6,122.68	1,973.07
	Income tax either thereon that will not be reclassified to profit and loss	(722.37)	-	964.71	(722.37)	964.71
	Share of Other Comprehensive Income in prior venture entities/Associates	18.81	-	(5.74)	18.81	(5.74)
	Income tax either thereon that will not be reclassified to profit and loss	(4.73)	-	1.50	(4.73)	1.50
	Adjusted	1,723.50	(28.45)	2,479.70	3,460.30	1,806.84
15	Items that will be reclassified to profit and loss
	Exchange differences on translation of foreign operations	135.90	82.62	(20.34)	394.71	(32.50)
	Income tax relating to taxes due to the reclassified to profit and loss	(34.23)	(20.84)	5.12	(65.62)	6.18
	Adjusted	161.16	61.86	(16.22)	307.04	(64.22)
16	Other Comprehensive Income for the period (11+15)	2,824.25	3.08	3,464.48	3,774.16	1,192.22

17	Total Comprehensive Income for the period (13 + 16)	23,271.62	34,715.37	30,445.48	72,937.08	53,159.35
	Profit for the period attributable to:
	(Incent of the Power Company)	10,553.40	34,715.73	27,981.50	69,158.94	57,977.13
	Non Controlling Interest
	Other Comprehensive Income for the period attributable to:
	(Incent of the Power Company)	3,804.30	2.58	2,464.48	3,779.15	1,162.22
	Non Controlling Interest
	Total Comprehensive Income for the period attributable to:
	(Incent of the Power Company)	23,271.62	34,715.37	30,445.48	72,937.08	53,159.35
	Non Controlling Interest
18	End-up Figure Share Capital (New Value of 5 per share)	28,102.13	28,102.13	28,102.13	28,102.13	28,102.13
19	Other Figures				2,00,471.14	2,38,629.06
20	Earnings per equity share (Ease value 5 per share)
	Extraordinary and departmental operations
	Base (B)	3.43	0.10	4.93	12.30	10.32
	Earnings (B)	3.47	0.10	4.93	12.30	10.32

NOTES:

1) The above results have been reviewed by the Audit Committee and approved by the Board of Directors of their respective meeting held on 21st May, 2026.
2) These financial results have been prepared in accordance with Indian Accounting Standards (Incl A5) as per-striped under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter.
3) The Audited Accounts are subject to review by the Comptroller and Auditor General of India under section 143(5) of the Companies Act, 2013.
4) In one of the ongoing turnkey project, the company had in previous periods reduced the contract price on account of price deduction for anticipated delays in the completion of contract as per provisions of Incl A5 115 "Revenue Item Contracts with Customers". On Mechanical completion of the project as per the contractual provisions, an adjustment in the contract price has been made resulting into increase in Revenue and Profit in turnkey segment by ₹ 22,832.22 bales and ₹ 21,397.81 bales respectively during the quarter ended 31st December 2025 and year ended 31st March 2026.
5) During the year ended 31st March 2026, pursuant to settlement of performance obligation with Client in Consultancy and Engineering Projects segment, the contractual obligation in respect thereof amounting of ₹ 3,515.70 bales has been written back.
6) The Board of Directors have recommended a final dividend of ₹ 2.5% per share (Face value ₹ 5.00 per share) in addition to interim dividend of ₹ 2.50 per share (Face Value ₹ 5.00 per Share) paid during the year. The final dividend is subject to approval of shareholders in the Annual General Meeting.
7) The figures of three months ended 31st March, 2026 and 31st March, 2025 are the balancing figures between audited figures in respect of the full financial year and the published year in date figures upto the third quarter of the respective financial years.
8) Previous period figures have been regrouped/redistributed wherever necessary to make them comparable to the figures of the current periods.

Place: New Delhi

Dated: 21st May, 2026

SINGALA & SINGH
CHARTERED
ACCOUNTANTS
FRN-006185N

By Order of The Board

For Engineering India Limited

Director (Acting) S. Muralidhore Director

DEC 00222617

ENGINEERS INDIA LIMITED

CIN: L74899DL1965GOI004352

Regd. Office: Engineers India Bhavan, 1, Bhikalji Cama Place, New Delhi-110066

Website: www.engineersindia.com; e-mail: [email protected]; Telephone: 011-26762011; Fax: 011-26178210

STATEMENT OF CONSOLIDATED AUDITED SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED

FOR THE QUARTER AND YEAR ENDED 31st MARCH 2026

(£ in Lakhs)

PARTICULARS	CONSOLIDATED
	QUARTER ENDED			FOR THE YEAR ENDED
	31-Mar-26	31-Dec-25	31-Mar-26	31-Mar-26	31-Mar-25
	(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
Segment Revenue
Consultancy & Engineering Projects	51,671.05	49,014.05	56,196.28	1,86,037.34	1,73,799.66
Turnkey Projects	40,958.01	72,010.08	44,866.43	2,06,760.69	1,34,958.84
Total	92,929.06	1,21,024.13	1,01,022.69	3,92,818.03	3,08,758.50
Segment Profit from operations
Consultancy & Engineering Projects	15,001.31	10,911.04	28,619.55	45,535.47	53,592.32
Turnkey Projects	3,309.63	27,368.66	4,878.04	35,609.83	10,539.05
Total (a)	18,318.94	38,279.70	33,497.89	81,135.39	64,131.37
Interest	35.33	59.71	50.30	211.55	265.92
Other un- allocable expenditure	4,209.74	4,079.64	4,469.66	15,719.33	16,861.92
Total (b)	4,245.07	4,139.35	4,519.96	15,930.88	17,127.84
Other Income (c)	6,283.72	5,919.54	3,635.29	10,506.47	16,025.65
Profit before share of Net Profit/(Loss) in joint venture entities/associates (a-b+c)=d	20,329.59	40,059.89	32,612.92	84,710.89	63,029.39
Share of Profit/(loss) in joint venture entities/Associates (e)	3,871.05	4,161.39	3,750.42	4,738.04	10,786.83
Profit Before Tax (d+e)	24,209.64	44,221.28	36,363.34	89,448.93	73,816.22
Capital Employed *	3,14,573.27	2,99,626.31	2,65,928.09	3,14,573.27	2,66,928.09

Property, Plant & Equipment and other assets used in the Company's business or segment liabilities contracted have not been identified to any of the reportable segments, as these assets and support services are used interchangeably between segments. Accordingly, no disclosure relating to total segment assets and liabilities has been made and capital employed has been presented.

Place: New Delhi

Dated: 21st May, 2026

By Order of the Board

For Engineers India Limited

Director (Finance) & Whole-time Director

DIN: 09223617

ENGINEERS INDIA LIMITED

CIN: L74899DL1965GOI004352

Regd. Office: Engineers India Bhavan, 1, Bhikalji Cama Place, New Delhi-110056

Website: www.engineersindia.com; e-mail: [email protected]; Telephone: 011-28762011; Fax: 011-26178210

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH 2025

STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES

	PARTICULARS	CONSOLIDATED
		AS AT	AS AT
		31-Mar-2025	31-Mar-2025
		Audited	Audited
I	Assets
	Non-Current Assets
(a)	Property, Plant and Equipment	27,542.49	22,734.13
(b)	Right of Use Assets	2,648.38	2,935.16
(c)	Capital work-in-progress	3,084.42	4,562.34
(d)	Investment Property	3,154.44	3,120.52
(e)	Other Intangibles Assets	425.23	692.26
(f)	Intangible Assets under development
(g)	Investments accounted using equity method	49,831.21	45,079.10
(h)	Financial Assets
	(i) Investments	1,02,410.62	93,830.00
	(ii) Loans	12,563.23	11,862.84
	(iii) Other Financial Assets	198.85	211.75
(i)	Deferred Tax Assets (net)	33,637.25	32,582.88
(j)	Non Current Tax Assets (net)	406.98	2,495.29
(k)	Other Non Current Assets	3,182.55	2,742.31
	Current Assets	2,39,125.85	2,22,438.69
(l)	Inventories	52.07	69.61
(m)	Inventories
(n)	Financial Assets
	(i) Incentive	8,346.51	579.15
	(ii) Trade receivables	47,927.85	44,442.95
	(iii) Cash and cash equivalents	8,779.46	13,864.12
	(iv) Bank balances other than cash & cash equivalents	1,27,610.65	1,18,823.93
	(v) Loans	2,821.62	2,463.59
	(vi) Other Financial Assets	1,15,960.27	81,568.89
	(vii) Other Current Assets	37,139.47	42,317.32
	Assets Held for Sale	3,47,737.90	3,03,931.67
		80.48	164.25
		3,47,818.35	3,04,691.92
	Total Assets	5,86,944.23	5,26,546.01
II	Equity and Liabilities
	Equity
(a)	Equity Share capital	28,102.13	28,102.13
(b)	Other equity	2,66,471.14	2,38,825.96
	Equity attributable to the owners of the parent company	3,16,573.27	2,66,925.09
	Non Controlling Interest
		3,16,573.27	2,66,925.09
	Liabilities
	Non-Current Liabilities
(a)	Financial Liabilities
	(i) Lease Liabilities	789.55	981.61
	(ii) Other Financial Liabilities	155.71	252.48
(b)	Provisions	1,497.94	1,545.17
(c)	Other Non Current Liabilities	2,247.92	324.63
		4,690.12	3,053.84
	Current Liabilities
(a)	Financial Liabilities
	(i) Lease Liabilities	891.64	1,252.60
	(ii) Trade payables
	Total outstanding dues of Micro and Small Enterprises	9,678.23	8,294.50
	Total outstanding dues of creditors other than Micro and Small Enterprises	48,977.40	39,290.05
	(iii) Other Financial Liabilities	46,700.26	38,801.35
(b)	Other Current Liabilities	91,684.63	1,03,426.46
(c)	Provisions	66,609.87	64,965.64
(d)	Current Tax Liabilities (net)	3,139.73	521.69
		2,67,680.84	2,55,561.68
	Total Equity and Liabilities	5,86,944.23	5,26,546.01

Page-3 of 6

ENGINEERS INDIA LIMITED

CIN: L74899DL1965GOI004352

Regd. Office : Engineers India Bhavan, 1, Bhikaiji Cama Place, New Delhi-110066

Website: www.engineersindia.com ; e-mail: [email protected] ; Telephone: 011- 26762011 ; Fax: 011- 26178210

Consolidated Statement of Cash Flows for the year ended 31st March 2026

	Year Ended
	31-Mar-26
(Audited)	31-Mar-25
(Audited)
	CONSOLIDATED
A CASH FLOW FROM OPERATING ACTIVITIES
1. Profit before tax	89,448.95	73,816.22
2. Adjustments for:
Share of Profit/(Loss) of joint venture entities and associates	(4738.04)	(10,786.83)
Depreciation and amortization expense	4,172.08	3,955.75
Fixed assets written off	55.64	19.31
Deposits/Other Assets written off	0.55	0.52
Bad debts written off	5.71	668.39
Allowance for expected credit losses - trade receivables and advances (net)	1,800.94	(661.17)
Provision for Impairment of Exploration Expenditure	(12.92)	(6.84)
Provision Employees' post retirement/long-term benefits	(4,388.85)	(7,914.05)
Provision for corporate social responsibility	(88.92)	(51.73)
(Reversal of provision)/provision for contractual obligations (net)	1,898.05	(4,121.16)
(Reversal of provision)/provision for expected losses (net)	(15.86)	52.50
Interest expense	211.55	265.92
(Profit)/loss on sale of fixed assets	(41.69)	(76.36)
Interest income	(10,078.31)	(9,698.75)
Loss/(gross) on modification of employee advances	12.59	(181.89)
Loss/(gross) on modification of Leases	(0.95)	(1.39)
Amortization of deferred income	(55.20)	(36.28)
Capital gain from investments in mutual funds	(037.68)	(1,281.02)
Dividend income	(4,381.45)	(1,129.29)
Retail Income	(2,333.13)	(2,223.98)
Subtotal (2)	(15,824.11)	(33,571.55)
3. Operating Profit Before Working Capital Changes - (1+2)	73,442.82	40,244.07
4. Changes in Working Capital (Excluding Cash and Cash Equivalents)
(Increase)/decrease in Trade and Other Receivables	(34,674.06)	(57,020.61)
(Increase)/decrease in Inventories	17.54	(7.87)
Increase/(decrease) in Trade and Other Payables	9,721.18	21,736.04
Subtotal- Changes in Working Capital (Excluding Cash & Cash Equivalents)	(24,935.34)	(15,292.44)
5. Cash generated from operations (3+4)	45,677.46	24,952.23
6. Income tax paid (net)	(16,775.34)	(13,249.87)
Net cash flow generated from/(used in) operating activities (5+6)=(A)	31,982.14	11,702.36
B CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment, investment property, right-of-use assets, intangible assets and intangible assets under development (including capital work-in-progress)	(6,895.00)	(4,191.32)
Sale of fixed assets	182.88	91.65
Interest received	10,038.51	8,246.55
Dividend received	4,381.45	1,129.29
Investment in liquid plant of mutual funds (net)	(6,829.68)	15,958.99
Fixed deposit placed with banks having original maturity of more than three months	(1,31,516.17)	(1,21,935.27)
Fixed deposit with banks matured having original maturity of more than three months	1,24,796.82	1,00,515.94
Other Investment (unpainted Equity Shares)	(3,457.74)	(3,457.75)
Employees Loan	(236.94)	(2,012.18)
Retail Income Received	2,506.20	1,232.46
Net cash flows generated from/(used in) investing activities (B)	(10,699.67)	(4,366.64)
C CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid	(25,291.91)	(16,861.27)
Payment of lease liabilities	(1,605.22)	(1,654.39)
Net cash flow generated from/(used in) financing activities (C)	(26,899.13)	(18,515.66)
Increase/(decrease) in cash and cash equivalents (A+B+C)	(5,084.66)	(11,201.94)
Cash and cash equivalents at the beginning of the period	13,864.12	25,006.96
Cash and cash equivalents at the end of the period	8,779.46	13,864.12

Page- 4 of 6

Page- 5 of 6

Notes:

The above Statement of Cash flows is prepared using "Indirect Method" as set out in the Indian Accounting Standard (Ind AS) – 7 on Statement of Cash Flows.
Reconciliation of Cash and Cash Equivalents and Components of Cash and Cash Equivalents included in the above Consolidated Statement of Cash Flows:

| Particulars | Year Ended
31 March 2026 | Year Ended
31 March 2025 |
| --- | --- | --- |
| Cash in hand, including Imprest | 13.85 | 17.96 |
| Balances with banks: | | |
| -Current account | 8,719.11 | 13,766.21 |
| -Deposits having maturity of less than three months | 46.30 | 79.95 |
| Total Cash and Cash Equivalents as per Consolidated Balance Sheet and Consolidated Statement of Cash Flows
* Includes ₹ 130.51 (a) In (previous year 31 March 2025; ₹ 128.01 (a) b) in computer schedules not repatriated. | 8,779.46 | 13,864.12 |

Reconciliation between the Opening and Closing Balances in the Balance Sheet for Liabilities arising from Investing & Financing Activities:

Particulars	Lease Liabilities
As at 1st April, 2024	3501.64
(a) Cash Flows during the year	(1,634.39)
(b) Non Cash Charges due to:
– Addition to Lease Liability	342.46
– Interest cost on Lease Liabilities	234.07
– Deletion to Lease Liability	(10.14)
As at 31st March, 2025	2213.64
(a) Cash Flows during the year	(1,605.22)
(b) Non Cash Charges due to:
– Addition to Lease Liability	886.73
– Interest cost on Lease Liabilities	178.96
– Deletion to Lease Liability	(37.34)
– Foreign exchange (gain) loss on restatement of lease liabilities	43.62
As at 31st March, 2026	1605.19

Page- 6 of 6

ENGINEERS INDIA LIMITED

CIN: L74899DL1965GOI004352

Regd. Office : Engineers India Bhavan, 1, Bhikaiji Cama Place, New Delhi-110066

Website: www.engineersindia.com ; e-mail: [email protected] ; Telephone: 011- 26762011 ; Fax: 011- 26178210

THE SUBSIDIARIES, JOINT VENTURES, ASSOCIATE COMPANIES CONSIDERED IN THE AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER & YEAR ENDED 31st MARCH, 2026

Name of Company		Ownership %
A. Subsidiary Company
Incorporated In India
1	Certification Engineers International Limited	100%
B. Joint Venture Companies
Incorporated In India
1	Ramagundam Fertilizers and Chemicals Limited	26%
2	TEIL Projects Limited (under liquidation)	50%
C. Associate Companies
Incorporated outside India
1	LLC Bharat Energy Office	20%

By Order of the Board
For Engineers India Limited

Place : New Delhi
Dated : 21st May, 2026

(Sanjay Jindal)
Director (Finance) & Whole-time Director
DIN: 09223617

इंजीनियर्स इंडिया लिमिटेड (भारत सरकार का प्रभाग) एस आर एस एम एस

ENGINEERS INDIA LIMITED

(A Govt. of India Undertaking)

c/o Gomalao Company

पंजीकृत एवं कांफोरेंस कार्यालय : इंजीनियर्स इंडिया भवन, 1, पीकाएजी कागा प्लेस, नई दिल्ली-110 066 भारत

Regd. & Corporate Office : Engineers India Bhawan, 1, Bhikaiji Cama Place, New Delhi-110 066 INDIA

संजय जिन्दल

निदेशक (वित्त)

SANJAY JINDAL

DIRECTOR (FINANCE)

Declaration

In terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements), 2015 as amended, we hereby declare that M/s Datta Singla & Co., the Statutory Auditors of the Company have given the audit report with unmodified opinion on the financial results of the Company for the financial year ended on 31st March, 2026 (both Standalone & Consolidated).

For Engineers India Limited

Sanjay Jindal

Director (Finance) & CFO

Dated: 21.05.2026

Place: New Delhi

Celebrating

40 YEARS

of Motion Building

(Since 1965)

YEAR OF

SUSTAINABLE

GROWTH

फोन / Phone : +91-11-26762121 (EPABX) CIN : L74899DL1965GOI004352

(support of sites : post call) Delivering Excellence through People

Website: www.engineersindia.com

AI assistant

Engineers India Ltd. — Audit Report / Information 2026

61533_rns_2026-05-22_2163f85d-3ce0-4879-a3c2-79cd9c9d433a.pdf

INDEPENDENT AUDITOR'S REPORT

Opinion

Basis for Opinion

Emphasis of Matter Paragraph

Key Audit Matters

Information Other than the Standalone Financial Statements and Auditor’s Report Thereon

Management’s Responsibility for the Standalone Financial Statements

Auditor’s Responsibilities for the Audit of the Standalone Financial Statements

Other Matters

Report on Other Legal and Regulatory Requirements

Annexure A to Independent Auditors' Report

Annexure B to Independent Auditors’ Report

Annexure C to Independent Auditors' Report

Report on the Internal financial controls with reference to financial statements under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

Management’s Responsibility for Internal Financial Controls

Auditors’ Responsibility

Meaning of Internal Financial Controls with Reference to Financial Statements

Inherent Limitations of Internal Financial Controls with Reference to Financial Statements

Opinion

Compliance Certificate

ENGINEERS INDIA LIMITED

NOTES:

ENGINEERS INDIA LIMITED

ENGINEERS INDIA LIMITED

INDEPENDENT AUDITOR'S REPORT

Opinion

Basis for Opinion

Emphasis of Matter Paragraph

Key Audit Matters

Information Other than the Consolidated Financial Statements and Auditor’s Report Thereon

Management Responsibility for the Consolidated Financial Statements

Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements

Other Matters

Report on Other Legal and Regulatory Requirements

Annexure - A to the Independent Auditors’ Report

Report on the Internal Financial Controls over Financial Reporting under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

Management’s Responsibility for Internal Financial Controls

Auditors’ Responsibility

Meaning of Internal Financial Controls over Financial Reporting

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Opinion

Other Matters

NOTES:

ENGINEERS INDIA LIMITED

Notes:

ENGINEERS INDIA LIMITED

संजय जिन्दल

निदेशक (वित्त)

Declaration

More from Engineers India Ltd.

Engineers India Ltd. Audit Report / Information 2026