B. L. Kashyap and Sons also clarified that neither its promoters nor any members of the promoter group have any interest in the awarding authority. Furthermore, the company confirmed that the transaction does not qualify as a related party deal under applicable regulations.

B. L. Kashyap and Sons is an EPC company engaged in the business of Construction of high-rise residential and Commercial Complexes, IT Parks, Institutional Buildings, etc.

The company’s consolidated net profit fell 46.4% to Rs 10.85 crore in Q1 FY26, compared with Rs 20.25 crore posted in Q1 FY25. Revenue from operations declined 4 % YoY to Rs 336.42 crore in Q1 FY26, from Rs 350.31 crore in the corresponding quarter of the previous year.

The scrip rose 0.52% to Rs 62.43 on the BSE.