News ArticleRamky Infrastructure Limited Expands Internationally with New Dubai Subsidiary and Announces Q2 FY2027 Financial Results
Company approves unaudited standalone and consolidated results for half year ending September 30, 2026, and details incorporation of 100% owned subsidiary in UAE with AED 1,00,000 initial investment
Ramky Infrastructure Limited has incorporated a wholly owned subsidiary company in Dubai, United Arab Emirates, to expand its infrastructure business, as announced alongside the approval of its unaudited standalone and consolidated financial results for Q2 and H1 ending September 30, 2026. The initial investment in the subsidiary will be up to AED 100,000 with 100% shareholding by Ramky Infrastructure Limited, pending necessary regulatory approvals in India and UAE.
Ramky Infrastructure Limited
Financial Results
Ramky Infrastructure Limited has incorporated a wholly owned subsidiary in Dubai, United Arab Emirates, to extend its infrastructure business operations internationally. Concurrently, the company's Board approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
The new Dubai-based wholly owned subsidiary of Ramky Infrastructure Limited will focus on expanding the company's operations in the United Arab Emirates. The initial share subscription for the subsidiary is set at up to AED 1,00,000 in cash, with Ramky Infrastructure Limited retaining 100% ownership.
This incorporation is subject to approval from relevant regulatory authorities both in India and Dubai. The incorporation of this subsidiary is classified as a related party transaction under SEBI Listing Regulations as the subsidiary will be controlled entirely by Ramky Infrastructure Limited.
The Board meeting also approved the unaudited standalone and consolidated financial results for the quarter and half year ending September 30, 2026. The results and the limited review report by statutory auditors have been submitted as part of regulatory compliance.
Among the group entities contributing to the consolidated results are several subsidiaries and joint operations, with some undergoing regulatory processes such as applications for striking off of non-core subsidiaries.
An auditor's review also noted an emphasis of matter regarding deductions made by the National Highways Authority of India (NHAI) to one of Ramky’s subsidiaries—Srinagar Banihal Expressway Limited—relating to contract deviations and materials, with arbitration proceedings underway.
Highlights
- Ramky Infrastructure Limited incorporated a 100% owned subsidiary in Dubai with an initial investment up to AED 1,00,000.
- The incorporation aims to expand business operations in the United Arab Emirates.
- Board approved unaudited standalone and consolidated financial results for Q2 and H1 ended September 30, 2026.
- Subsidiary incorporation is subject to regulatory approvals in India and Dubai.
- The consolidated financial results include multiple subsidiaries and joint operations.
- Audit report highlights arbitration in subsidiary Srinagar Banihal Expressway Limited related to contractual deductions by NHAI.
Key Data Snapshot
What happened
- Ramky Infrastructure Limited's Board approved unaudited standalone and consolidated financial results for Q2 and H1 ending September 30, 2026.
- Board also approved incorporation of a wholly owned subsidiary in Dubai, UAE, to expand infrastructure business.
- The Dubai subsidiary will be wholly owned with an initial cash investment of AED 1,00,000.
- Incorporation is pending approvals from relevant regulatory authorities in India and Dubai.
Key details
- Subsidiary incorporation is a related party transaction as per SEBI regulations since it will be wholly owned by Ramky.
- The subsidiary's purpose is to expand the company’s business operations into the UAE infrastructure sector.
- The Board meeting was held on November 6, 2026, between 4:40 PM and 4:15 PM.
- The company filed unaudited financial results with accompanying limited review report by statutory auditors for the relevant period.
Regulatory and governance context
- The subsidiary incorporation requires approvals from Indian and Dubai authorities.
- The financial results were prepared under Indian Accounting Standards (Ind AS 34) and comply with SEBI listing regulations.
- An auditor’s emphasis of matter referenced ongoing arbitration related to Srinagar Banihal Expressway Limited, a Ramky subsidiary, involving deductions by NHAI.
Highlights
- Ramky Infrastructure Limited incorporated a 100% owned subsidiary in Dubai with an initial investment up to AED 1,00,000.
- The incorporation aims to expand business operations in the United Arab Emirates.
- Board approved unaudited standalone and consolidated financial results for Q2 and H1 ended September 30, 2026.
- Subsidiary incorporation is subject to regulatory approvals in India and Dubai.
- The consolidated financial results include multiple subsidiaries and joint operations.
- Audit report highlights arbitration in subsidiary Srinagar Banihal Expressway Limited related to contractual deductions by NHAI.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Indian Accounting Standard 34 (Ind AS 34)
- Companies Act, 2013
The proposed Dubai wholly owned subsidiary is a related party as it is 100% owned by Ramky Infrastructure Limited.
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