T +91 22 6120 4800 ■ A-412 , boomerang, Chandivali Farm Road,

www.mepinfra.com F +91 22 6120 4804 Near Chandivali Studio, Andheri (E), Mumbai-400 072
ON: L45200MH2002PLC136779

MEP IDL/OUT/2018-19/784
August 13, 2018

To,
Listing Department Corporate Relationship Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1 Block G, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Bandra (E), Dalai Street,
Mumbai -400 051 Mumbai- 400001
Fax No. 022-26598120/38 Fax No. 022-22723121/3027/2039/2061
Scrip Symbol: MEP Security Code: 539126

Dear Sir/ Madam,

Sub: Outcome of the Board Meeting held on August 13, 2018.

Time of Commencement of the Board Meeting 12:00 Noon

Time of Conclusion of the Board Meeting 02-55p•vvi•
In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 ("SEBI (LODR) Regulations") we wish to informyou that the Board of Directors
of the Company at their meeting held today, inter alia, have approved the Un-audited Standalone
and Consolidated Financial Results for the First Quarter ended June 30, 2018.

The copies of the Un-audited Standalone and Consolidated Financial Results along with the
Limited Review Report issued by the Statutory Auditors of the Company, pursuant to
Regulation 33 of the SEBI (LODR) Regulations are attached herewith.

The results will be published in the newspapers in terms of Regulation 47 of the SEBI (LODR)
Regulations in due course.

We request you to kindly take the same on record.

Thanking You,

Yours faithfully,
For MEP INFRASTRUCTURE DEVELOPERS LIMITED

T D. MHAISKAR
CHAIRMAN & MANAGING DIRECTOR
DIN: 00716351

End.: As above

INFRASTRUCTURE
DEVELOPERS LTD.
 G. D. Apte & Co.
Chartered Accountants
Limited Review Report
Review Report to
The Board of Directors of MEP Infrastructure Developers Limited.

1. We have reviewed the accompanying standalone statement of unaudited financial results of

MEP Infrastructure Developers Ltd. ('the Company') for the quarter ended on June 30, 2018,
(the "Statement") pursuant to the requirements of Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations 2015, read with SEBI Circular No.
CIR/CFD/FAC/62/2016 dated July 5, 2016.

2. The preparation of the Statement in accordance with the recognition and measurement
principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS
34') prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian
Accounting Standards) Rules, 2015, as amended and read with SEBI Circular No.
CIR/CFD/FAC/62/2016 dated July 5, 2016 is the responsibility of the Company's management
and has been approved by the Board of Directors of the Company. Our responsibility is to
express a conclusion on the Statement based on our review.

3. We conducted our review in accordance with the Standard on Review Engagement (SRE)
2410, Review of Interim Financial Information Performed by the Independent Auditor of the
Entity issued by the Institute of Chartered Accountants of India. This standard requires that
we plan and perform the review to obtain moderate assurance as to whether the Statement is
free of material misstatement. A review is limited primarily to inquiries of company personnel
and analytical procedure applied to financial data and thus provides less assurance than an
audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. Conclusion:

Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying Statement of unaudited financial results prepared in
accordance with recognition and measurement principles laid down in Accounting Standards
as specified under Section 133 of the Companies Act, 2013, read with Companies (Indian
Accounting Standards) Rules, 2015, as amended and other recognized accounting practices
and policies has not disclosed the information required to be disclosed, or that it contains any
material misstatement.

For G. D. Apte & Co.

Chartered Accountants
Firm registration number: 515W

CA Ranjeet Kulkarni
Partner
Membership No: 132708
Place: Mumbai
Date: August 13, 2018.

Mumbai Office: Office No. 83 — 87, 8th Floor, Mittal Tower, B-Wing, Nariman Point, Mumbai — 400 021,
Phone — 022 — 4922 0555, Fax — 022 — 4922 0504; Email — [email protected].
Pune Office: GDA House, Plot No. 85, Bhusari Colony (Right), Paud Road, Pune — 411 038,
Phone — 020 — 2528 0081, Fax— 020 —2528 0275; Email — Page 1
 MEP INFRASTRUCTURE DEVELOPERS LIMITED
Registered Office: A-412, Boomerang, Chandivali Earns Road, Near Chandivali Studio, Andhezi East, Mumbai - 400072 Web site :www.mepinfra.com
C114:145200MH2002PLC136779
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2018

Part I-Statement of Standalone Unaudited Financial Results for the Quarter Ended 30 June, 2018
(Rs. In Lakhs except Earning per Share)
Sr Quarter Ended Year Ended
Particulars
No. 30.06.2018 31.03.2018 30.06.2017 31.03.2018
Unaudited Audited Unaudited Audited
1 Income
a) Revenue from operations 57,657.19 54,634.97 18,768.07 147,685.01
b) Other income 222.20 578.45 338.05 1,402.99

Total income 57,879.39 55,213.42 19,106.12 149,088.00

2 Expenses
a) Operating and Maintenance expenses 48,456.07 44,638.30 13,028.94 117,203.47
b) Employee benefits expense 1,978.34 1,780.87 700.64 4,638.30
c) Finance costs 1,313.95 1,289.52 1,243.07 5,003.73
d) Depreciation and amortisation expense (Refer Note (4)) 2,809.82 2,455.80 3,552.67 11,840.89
e) Other expenses 1,195.56 1,762.61 531.23 4,018.01
Total expenses 55,753.74 51,927.10 19,056.55 142,704.40
3 Profit before exceptional items and Tax (1-2) 2,125.65 3,286.32 49.57 6,383.60
4 Exceptional Items - - -
5 Profit from ordinary activities before tax (3-4) 2,125.65 3,286.32 49.57 6,383.60
6 Tax expense 801.70 1,579.83 (269.53) 2,367.31
7 Net Profit from ordinary activities after tax (5-6) 1,32395 1,706.49 319.10 4,016.29
8 Other Comprehensive Income (OCI) (6.31) (5.26) (6.66) (25.25)
9 Total Comprehensive Income 1,317.64 1,701.23 312.44 3,991.04
10 Paid-up equity share capital (Face value of Rs.10/- per share) 18,344.61 16,256.92 16,256.92 16,256.92
11 Reserves excluding Revaluation Reserves as at Balance Sheet date - - - 47,541.95
12 Basic and Diluted Earnings Per Share (EPS) (of Rs. 10 /- each) 0.72 1.05 0.20 2.47
(not annualised for quarters)
(See accompanying notes to the financial results)
Notes to Standalone Results :

1) The Standalone unaudited Financial Statements for the Quarter ended 30 June 2018, have been reviewed and recommended by the Audit Committee
and approved and taken on record by the Board of Directors at their respective meetings held on 13 August 2018. The Statutory Auditor has
expressed an unmodified audit opinion thereon.
2) The Standalone unaudited Financial Statements are prepared in accordance with the Accounting Standards specified under Section 133 of the
Companies Act 2013 and the rules made thereunder and in the format as prescribed under Regulation 33 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial information presented above is extracted from and is
harmonized to conform with the Audited Financial Statements.
3) The figures for the quarters ended 31st March, 2018 are the balancing figures between the audited figures in respect of the full years and the
published figures of nine months ended 31st December, 2017.
4) The depreciation and amortisation expenses includes amortisation of toll collection rights amounting Rs. 2,512.77 lakhs (Rs. 3,448.81 lakhs for the
quarter ended 30 June 2017) for the quarter ended 30 June 2018.
5) On 4th April, 2018, the Company offered Equity Shares to Qualified Institutional Buyers (QIBs) through Qualified Institutional Placement (QIP) in
accordance with Chapter VIII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. Accordingly, 2,08,76,860 Equity
Shares of Rs. 10/- each were allotted to QIB's on 4th April, 2018 at an issue price of Rs. 77.50 per Equity Share (including Premium of Rs. 67.50
per Equity Share).
6) Out of issue proceeds of Rs. 1,61,79.57 lakhs received frorn the QIP in April, 2018, Rs. 511.31 lakhs were utilized towards share issue expenses and
Rs. 15,668.26 lakhs were utilized for the purpose as stated in the Placement Document' and there is no unutilized amount pending utilisation. The
information is given pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015.
7) On recommendation of the Board of Directors, the Members at the 16th Annual General Meeting of the Company held on 2 August, 2018 declared a
final dividend (4) 0.30 per equity share of the face value of Rs.10/- per share, for the year ended 31 March, 2018, aggregating to Rs.550.34 lakhs and
the same was paid on 9 August, 2018.
8) Effective 1 April 2018, the Company has adopted Ind AS 115 "Revenue from contracts with customers" - Based on the assessment done by
management, there is no material impact on the revenue recognised during the period.
9) Figures relating to the previous period have been regrouped / rearranged, wherever necessary, to make them comparable with those of the current
period.

For and on behalf of Board of Directors of

MEP INFRASTRUCTURE DEVELOPERS LIMITED

\\.rNOslAr
ayant D. Mhaiskar
Chairman & Managing Director
DIN: 00716351
Place : Mumbai
Date : 13 August 2018
 Part II - Standalone Segmental Reporting (Rs in Lakhs)
Report on Unaudited Standalone Financial Segment Revenue and Segment Results for the Quarter ended 30 June 2018
Quarter Ended Year Ended
Sr no. Particulars 30.06.2018 31.03.2018 30.06.2017 31.03.2018
Unaudited Audited Unaudited Audited

1 Segment Revenue
Toll Collection, Operation & Maintenance 36,934.45 38,048.39 7,321.85 88,173.01
Construction 20,722.74 16,586.58 11,446.22 59,512.00
Add/Less Inter Group Sales I
Total 57,657.19 54434.97 18,768.07 147,685.01

2 Segment result
Toll Collection, Operation & Maintenance 415.16 2,206.65 (284.95) 2,120.19
Construction 3,309.16 2,857.93 1,637.71 10,404.42
Less: Unallocated Corporate expenses - - - -

Total 3,724.32 5.064.58 1,352.76 12.524.61

Less: Interest (1,313.95) (1,289.52) (1,243.07) (5,003.73)

Other Un-allocable Income net off imallocable expenses/income (284.72) (488.74) (60.12) (1,137.28)

Total Profit before Tax 2,125.65 3..8632 49.57 6.183.60

Other Information

3 Segment assets
Toll Collection, Operation & Maintenance 120,598.27 114,433.65 104,876.05 114,433.65
Construction 103,329.27 88,516.76 77,849.39 88,516.76
Unallocated assets
Total Assets 223,927.54 202.950.41 182.725.44 202,950.41

4 Segment liabilities
Toll Collection, Operation & Maintenance 51,882.08 60,368.43 46,409.90 60,368.43
Construction 91,260.69 78,783.12 75,901.78 78,783.12
Unallocated liabilities _ _ _
Total Liabilities 143.142.77 139.151.54 122311.68 139,151.54

MEP Infrastructure Developers Limited ("the Company") have identified business segments in accordance with Indian Accounting Standard 108
"Operating Segment" notified under section 133 of Companies Act 2013, read together with relevant rules issued thereunder. Accordingly, the Company
has identified two business segments as mentioned below:

I. Toll Collection, Operation & Maintenance

2. Construction
 G. D. Apte & Co.
Chartered Accountants
Limited Review Report

Review Report to,

The Board of Directors of MEP Infrastructure Developers Limited

1. We have reviewed the accompanying Consolidated Statement of Unaudited Financial Results

of MEP Infrastructure Developers Limited ('the Holding Company') and its subsidiaries,
associate companies and jointly controlled entities (collectively referred to as "the Group"),
for the quarter ended on June 30, 2018, (the "Statement") pursuant to the requirements of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015,
read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016.

2. The preparation of the Statement in accordance with the recognition and measurement
principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34')
prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian
Accounting Standards) Rules, 2015, as amended and read with SEBI Circular No.
CIR/CFD/FAC/62/2016 dated July 5, 2016 is the responsibility of the Holding Company's
management and has been approved by the Board of Directors of the Holding Company. Our
responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review in accordance with the Standard on Review Engagement (SRE)
2410, Review of Interim Financial Information Performed by the Independent Auditor of the
Entity issued by the Institute of Chartered Accountants of India. This standard requires that we
plan and perform the review to obtain moderate assurance as to whether the Statement is
free of material misstatement. A review is limited primarily to inquiries of company personnel
and analytical procedures applied to financial data and thus provide less assurance than an
audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. The Statement includes results of entities listed in Annexure 'A'.

5. We have not reviewed the statements of financial results of 16 Subsidiary Companies (Refer
Annexure A), whose financial statements reflect total assets of Rs. 1,72,786.82 lakhs as at June
30, 2018 and total revenue of Rs. 13,162.88 lakhs for the period then ended. The statements
of financial results of these subsidiaries have been reviewed by M/s. Gokhale & Sathe,
Chartered Accountants, whose Limited Review Reports have been furnished to us, and our
report, in so far as it relates to the amounts included in respect of these entities, is band
PATE
solely on their report.
co•

Mumbai Office: Office No. 83 — 87, 8th Floor, Mittal Tower, B-Wing, Nariman Point, Mumbai — 400 0
Phone — 022 — 4922 0555, Fax — 022 — 4922 0504; Email — [email protected].
Pune Office: GDA House, Plot No. 85, Bhusari Colony (Right), Paud Road, Pune — 411 038,
Phone — 020 — 2528 0081, Fax — 020 — 2528 0275; Email — [email protected]. Page 1
 G. D. Apte & Co.
Chartered Accountants
6. The statement also includes the group share of net profit of Rs. 859.54 Lakhs for the quarter
ended June 30, 2018 as considered in the consolidated financial statements, in respect of 1
associate Company and 6 Jointly Controlled Entities (refer Annexure A), whose financial
information has not been reviewed by us. The statements of financial results of associate
Company and Jointly Controlled Entities have been reviewed by M/s. Gokhale & Sathe,
Chartered Accountants, whose Review Reports have been furnished to us, and our report, in
so far as it relates to the amounts and disclosures included in respect of these entities, is
based solely on their report.

7. The statement also includes the group's share of net profit of Rs. Nil for the quarter ended
June 30, 2018 as considered in the consolidated financial statements, in respect of its
associate M/s Mep Enterprises, LLC and a Jointly controlled entity N/s SMYR Consortium LLP,
whose financial information has not been audited by us. This financial information is
unaudited and has been furnished to us by the management and our report on the statement
in so far as it relates to the amounts and disclosures included in respect of this associate, is
based solely on unaudited financial information.

8. Emphasis of Matter;

We draw attention to Note 8 to the Statement, where it is mentioned that one of the
subsidiary company has preferred claims with National Highway Authority of India (the
Authority), aggregating to Rs. 33,973.75 lakhs plus interest thereon on account of on account
of Toll Evasion and Force Majeure issues arising from non-compliance of the Concession
Agreement by Authority. However, the Company's subsidiary has not recognized the claims in
the financial statements pending final approval from the Authority. Also, the Subsidiary
Company has not recognized contractual obligations to pay to the Authority, a sum of Rs. Nil
for the quarter ended June 2018 (Rs. Nil for the quarter ended June 2017) in addition to the
sum of Rs. 13,123.19 lakhs for the period from November 1, 2014 to April 09, 2016. The
approval by NHAI of the claims made by the company, based on the assessment of the
Independent Engineer appointed by it, is pending and hence no provision for the unpaid
amount is considered necessary till June 2018.

Our conclusion is not modified in respect of matters described in Paragraph 8 above.

9. Conclusion:

Based on our review conducted as above and based on the consideration of the review
reports of other auditors referred to in paragraph '5' and paragraph "6" and unaudited
financials certified by the management as referred to in paragraph '7' above, except for the

Mumbai Office: Office No. 83 — 87, 8th Floor, Mittal Tower, B-Wing, Nariman Point, Mumbai — 400 021,
Phone — 022 — 4922 0555, Fax — 022 — 4922 0504; Email — [email protected].
Pune Office: GDA House, Plot No. 85, Bhusari Colony (Right), Paud Road, Pune — 41103
Phone — 020 — 2528 0081, Fax — 020 — 2528 0275; Email — [email protected]. Page 2
 G. D. Apte & Co.
Chartered Accountants

possible effects of the matter described as "Emphasis of Matter" in paragraph '8', nothing has
come to our attention that causes us to believe that the accompanying statement of
unaudited consolidated financial results prepared in accordance with applicable accounting
standards, i.e., Ind AS prescribed by section 133 of the Companies Act, 2013 read with Rule 3
of the Companies Indian Accounting Standards Rules, 2015 and other recognized accounting
practices and policies has not disclosed the information required to be disclosed in terms of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016, including the manner in
which it is to be disclosed, or that it contains any material misstatement.

For G. D. Apte & Co.

Chartered Accountants
Firm registration number: 100515W

(71 s
4
CA Ranjeet Kulkar
Partner
Membership No: 132708

Place: Mumbai
Date: August 13, 2018

Mumbai Office: Office No. 83 — 87, 8th Floor, Mittal Tower, B-Wing, Nariman Point, Mumbai — 400 021,
Phone — 022 —4922 0555, Fax — 022 — 4922 0504; Email — [email protected].
Pune Office: GDA House, Plot No. 85, Bhusari Colony (Right), Paud Road, Pune — 411 038,
Phone — 020 — 2528 0081, Fax — 020 — 2528 0275; Email — audith-pdca.cvii . Page 3
 G. D. Apte & Co.
Chartered Accountants
Annexure 'A' to the Limited Review Report on the Unaudited Consolidated Financial Results of
MEP Infrastructure Developers Limited for the Quarter ended June 30, 2018:

Sr. No. Company Name Audited by

Subsidiary Companies
MEP Infrastructure Private Limited

Baramati Tollways Private Ltd M/s G. D. Apte & Co.,

Rideema Toll Private Limited Chartered Accountants

Raima Ventures Private Limited

5 Rideema Toll Bridge Private Limited

MEP Nagzari Toll Road Private Limited

MEP IRDP Solapur Toll Road Private Limited

Raima Toll Road Private Limited

MEP Chennai Bypass Toll Road Private Limited

10 MEP Highway Solutions Private Limited

11 MEP RGSL Toll Bridge Private Limited

12 Raima Toll & Infrastructure Private Limited M/s Gokhale & Sathe,

13 MEP Tormato Private Limited Chartered Accountants

14 MEP Roads & Bridges Private Limited

15 Mhaiskar Toll Road Private Limited

16 MEP Infra Constructions Private Limited

17 MEP Toll & Infrastructure Private Limited

18 MEP Infraprojects Private Limited

19 MEP Hyderabad Bangalore Toll Road Private Limited

20 MEP Foundation

Mumbai Office: Office No. 83 — 87, 8th Floor, Mittal Tower, B-Wing, Nariman Point, Mumbai — 400 021,
Phone — 022 — 4922 0555, Fax — 022 — 4922 0504; Email — [email protected].
Pune Office: GDA House, Plot No. 85, Bhusari Colony (Right), Paud Road, Pune — 411038,
Phone — 020 — 2528 0081, Fax— 020 — 2528 0275; Email — [email protected]. Page 4
 G. D. Apte & Co.
Chartered Accountants
Sr. No. Company Name Audited by
L
Jointly Controlled Entities
21 MEP Nagpur Ring Road 1 Private Limited

22 MEP Sanjose Nagpur Ring Road 2 Private Limited

23 MEP Sanjose Arawali Kante Road Private Limited M/s Gokhale & Sathe,

24 MEP Sanjose Kante Waked Road Private Limited Chartered Accountants

25 MEP Sanjose Talaja Mahuva Road Private Limited

26 MEP Sanjose Mahuva Kagavadar Road Private Limited

27 SMYR Corporation, LLP Un Audited

Associate Company

28 KVM Technology Solutions Private Limited M/s Gokhale & Sathe,

Chartered Accountants
29 MEP Enterprises, LLC Un Audited

Mumbai Office: Office No. 83 — 87, 8th Floor, Mittal Tower, B-Wing, Nariman Point, Mumbai — 400 021,
Phone — 022 — 4922 0555, Fax — 022 — 4922 0504; Email — chetan.saprePgdaca.com.
Pune Office: GDA House, Plot No. 85, Bhusari Colony (Right), Paud Road, Pune — 411 038,
Phone — 020 — 2528 0081, Fax — 020 — 2528 0275; Email — [email protected]. Page 5
 MEP INFRASTRUCTURE DEVELOPERS LIMITED
Registered Office: A-412, Boomerang, Chandivali Farm Road, Near Chandivali Studio, Andheri. East, Murnbai - 400072 Web site : www.mepinfra.com
C1N:L45200M112002PLC136779
STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE 2018

Part I-Statement of Consolidated Unaudited Financial Results for the Quarter Ended 30th June, 2018
(Rs. In Lakhs except Earning per Share)
Quarter Ended Year Ended
Sr
Particulars
No.
30.06.2018 31.03.2018 30.06.2017 31.03.2018
(Unaudited) (Audited) (Unaudited) (Audited)

1 Income
a) Revenue from operations 82,533.62 77,624.37 38,007.98 232,202.26
b) Other income 1,542.28 3,508.01 4,165.11 12,034.56

Total income 84,075.90 81,132.38 42,173.09 244,236.82

2 Expenses
a) Operating and Maintenance expenses 50,084.83 46,592.94 17,471.42 129,257.81
b) Employee benefits expenses 3,055.03 2,751.05 1,553.88 8,519.99
c) Finance cost 11,733.23 11,871.90 11,589.90 46,960.19
d) Depreciation and amortisation expenses 12,731.78 12,314.18 9,078.10 41,892.37
e) Other expenses 1,545.42 3,724.60 846.86 7,150.54
Total expenses 79,150.29 77,254.67 40,540.16 233,780.90
3 Profit/ ( Loss) before exceptional items and tax (1-2) 4,925.61 3,877.71 1,632.93 10,455.92
4 Exceptional Item - - - l -

Profit / (Loss) before tax (3+4) 4,925.61 3,877.71 1,632.93 10,455.92

5
6 Tax Expenses
(1) Current tax (1,000.18) (535.82) 26.91 (1,617.14)

(1) Deferred tax (945.14) (836.16) (482.93) (2,213.42)

7 Net Profit /(Loss) for the period / Year after tax and before Share of
2,980.29 2,505.73 1,176.91 6,625.36
Profit/ (Loss) of Associates & Joint Venture (5 - 6)

8 Share of Profit/( Loss) of associate/ Joint Venture (359.22) 153.74 119.63 471.53

9 Net Profit / (Loss) after Tax ( 7 + 8)

2,621.07 2,659.47 1,296.54 7,096.89
10 Other Comprehensive Income (OCI) (8.86) 7.43 (12.16) (28.83)
11 Total Comprehensive Income 2,612.21 2,666.90 1,284.38 7,068.06

12 Paid-up equity share capital (Face value of Rs 10/- per share) 18,344.61 16,256.92 16,256.92 16,256.92

13 Reserves excluding Revaluation Reserves as at Balance Sheet date - - - (10,273.83)

14 Basic and Diluted Earnings Per Share (of Rs. 10 /- each) 1.43 1.64 0.80 4.37
(not annualised for quarters)
I See accompanying notes to the financial results)
 Notes:
I) The Consolidated Un-audited Financial Statements for the Quarter ended 30 June 2018, have been reviewed and recommended by the Audit
Committee and approved and taken on record by the Board of Directors at their respective meetings held on 13 August 2018.
2) The Consolidated Un-audited Financial Statements are prepared in accordance with the Accounting Standards specified under Section 133 of the
Companies Act, 2013 and the rules made thereunder and in the format as prescribed under Regulation 33 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial information presented above is extracted from and is
harmonized to conform with the Audited Financial Statements.

3) The figures for the quarters ended 31st March, 2018 are the balancing figures between the audited figures in respect of the full years and the
published figures of nine months ended 31st December, 2017.
4) The Consolidated Unaudited Financial Results of the Company are available on Company's website i.e. www.mepinfia.com and also on the
website of National Stock Exchange of India Limited, www.nseindia.com and the BSE Limited, www.bseindia.com, where the shares of the
Company are listed.
5) On 4th April, 2018, the Company offered Equity Shares to Qualified Institutional Buyers (QIBs) through Qualified Institutional Placement (QIP) in
accordance with Chapter VIII of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. Accordingly, 2,08,76,860 Equity
Shares of Rs. 10/- each were allotted to QIB's on 4th April, 2018 at an Issue price of Rs. 77.50 per Equity Share (including Premium of Rs. 67.50
per Equity Share).

6) Out of issue proceeds of Rs. 1,61,79.57 lakhs received from QIP in April, 2018, Rs. 511.31 lakhs were utilized towards share issue expenses and
Rs. 15,668.26 'akin were utilized for the purpose as stated in the 'Placement Document' and there is no unutilized amount pending for utilisation.
The information is given pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations, 2015.

7) The depreciation and amortisation expenses includes amortisation of toll collection rights amounting Rs 12,185.11 lakhs for the quarter ended 30
June 2018 (Rs 8,787.66 lakhs for the quarter ended 30 June 2017).
8) One of the Company's subsidiary company has preferred claims with the Authority, aggregating Rs_ 33,973.75 lakhs plus interest on account of
Toll Evasion and Force Majeure issues arising from non-compliance of the Concession Agreement by Authority. The Company's subsidiary has not
recognised the claims in the financial statements pending final approval from Authority. Under the orders of the Hon'ble High Court of Delhi, both
the Company and Authority were directed to amicably settle the disputes. As a part of the amicable settlement, Independent Engineer has evaluated
the claims made by the Company from time to time. However, final settlement on the same is yet to conclude. The estimated loss during the
corresponding period as assessed by the Independent Engineer appointed by the Authority is much higher than the claims submitted to Authority.
Hence, the Company's subsidiary has not recognised amount payable to Authority aggregating Rs Nil for the quarter ended 30 June 2018 (Rs Nil for
the quarter ended 31 March 2018) in addition to the sum of Rs 13,123.19 lakhs for the period from 01 November 2014 to 8 April 2016. As part of
the settlement, the Company, has handed over the Project Facilities and the Toll Plaza's to the NHAI from April 09, 2016. The Settlement of claims
will be dealt as per the provisions of the Concession Agreement, and the matter is currently under arbitration.
9) On recommendation of the Board of Directors, the Members at the 16th Annual General Meeting of the Company held on 2 August, 2018 declared
a final dividend (4) 0.30 per equity share of the face value of lts.10/- per share, for the year ended 31 March, 2018, aggregating to Rs.550.34 lakhs
and the same was paid on 9 August, 2018.

10) Effective 1 April 2018, the Group has adopted Ind AS 115 "Revenue from contracts with customers" - Based on the assessment done by
management, there is no material impact on the revenue recognised during the period.

For and on behalf of Board of Directors of

MEP INFRASTRUCTURE DEVELOPERS LIMITED

•ayant D. Mhaislcar
Chairman & Managing Director
DIN: 00716351
Place : Mumbal
Date : 13 August 2018
Part - II - Consolidated - Segment Reporting
Report on Consolidated Financial Segment Revenue and Segment Results for the Quarter ended 30th June 2018
(Rs in Lakhs)
Quarter Ended Year Ended
Sr no. 30.06.2018 31.03.2018 30.06.2017 31.03.2018
(Unaudited (Audited (Unaudited) (Audited)

1 Segment Revenue
Toll Collection and Operation & Maintenance 61,810.88 61,037.79 26,561.76 172,690.26
Construction 20,722.74 16,586.58 11,446.22 59,512.00
Total 82,533.62 T 77,624.37 38,007.98 232,202.26

2 Segment result
Toll Collection and Operation & Maintenance 12,622.15 12,190.25 7,989.01 39,925.30
Construction 3,309.40 2,857.93 1,637.71 10,404.42
Total 15,931.55 15,048.18 9,626.72 50,329.72

Less: Interest 11,733.23) (11,871.90) 111,589.90) 06,960.191

other Un-allocable Income net off unallocable
expenes 727.29 701.43 3,596.11 7,086.39
Exceptional Item - - -
Total Profit before Tax 4,925.61 3,877.71 1,632.93 10,455.92

Other Informtion

3 Segment assets
Toll Collection and Operation & Maintenance 403,307.59 405,358.59 405,154.23 405,358.59
Construction 103,329.27 88,516.76 77,849.39 88,516.76
Unallocated assets - - - -
Total Assets 506,636.86 493,875.35 483,003.62 493,875.35

4 Segment liabilities
Toll Collection and Operation & Maintenance 391,112.67 409,109.15 406,655.33 409,109.15
Construction 91,260.69 78,783.11 75,901.78 78,783.11
Unallocated liabilities - - - -
Total Liabilities 482,373.36 487,892.26 482,557.11 487,892.26

MEP Infrastructure Developers Limited ("the Company") and its subsidiaries (together, 'the Group') have
identified business segments in accordance with Indian Accounting Standard 108 "Operating Segment" notified
under section 133 of Companies Act 2013, read together with relevant rules issued thereunder. Accordingly, the
Group has identified two business segments as mentioned below;
1. Toll Collection and Operation & Maintenance
2. Construction