Bondada Engineering Ltd

Order awards overview

• Total orders valued at ₹146.90 crore from domestic government and private sector customers.
• Scope includes telecom towers, solar plant A-class items, and solar street lights.
• Execution window: 2-4 months from receipt of orders.
• Awards are domestic; no promoter group or related party interest.
• Orders routed via Bondada Green Engineering, Bondada Renewable Energy, and Bondada E&E subsidiaries.
• Inclusive of taxes per LOA.

Bondada Engineering Ltd: Trading Window closed from 01 October 2026 until 48 hours after the declaration of unaudited results for the quarter and half year ended 30 September 2026

Governance actions

• Amendment to Whistle Blower Policy and appointment of Ombudsman; policy available on website.
• Reconstituted Stakeholders Relationship Committee; inducted Independent Director P. Dinakara Rao as member, aligned with Main Board migration.

Order details

• Awarding entity: Northern Power Distribution Company of Telangana Limited (TG NPDCL).
• Scope: procurement, deployment and O&M of smart energy meters and related digital infrastructure.
• Meters: 12,500 single-phase and 27,500 three-phase (40,000 total).
• Value: ₹41,01,42,500 inclusive of taxes.
• Timeline: 11 months from PO date.
• Domestic entity; no promoter/related party involvement.
• Strategic alignment: execution through Bondada E&E Pvt Ltd subsidiary.

Migration approval details

• In-principle approval from BSE to migrate Bondada's equity shares from SME to Main Board.
• Letter dated September 09, 2026.
• Regulatory basis: Regulation 30 and other LODR provisions.
• Expected to enhance visibility, market presence, and long-term value.
• Company to pursue growth with greater opportunities and enhanced capital-market participation.

Target overview

• PhotonicGrid Networks Private Limited is Bondada's subsidiary to develop fibre optic and digital connectivity infrastructure in India.

Transaction terms

• Form of consideration: cash; price: subscription to equity at face value.
• Completion status: incorporation completed; PhotonicGrid is pre-operative with commercial ops after regulatory registrations.
• Size/scale not disclosed; no turnover or assets reported.
• Shareholding percentage acquired: not disclosed.

Strategic rationale

• Aims to own and operate fibre infrastructure, expanding beyond EPC to long-term revenue.
• Lays foundation for recurring revenues from owned assets.
• Strengthens telecom/data centre capabilities through in-house execution.

Regulatory/approvals

• All required regulatory approvals obtained.
• Telecom authorisations to be obtained where required per DoT framework.

Background

• Target focuses on building, owning, operating fibre networks and digital connectivity.
• Incorporated under Companies Act 2013; pre-operative stage.
• No turnover data disclosed.

Target entity

• Bondada Hindupur BESS Project Private Limited (BHBPL) is an SPV for a 225 MW/450 MWh BESS project.

SPV purpose

• SPV established to develop, own, operate and maintain the BESS project under BOO.

Industry

• Industry: Energy/renewable, BESS and power infrastructure in India.

Ownership / financing

• BEL subscribes to 100,000 equity shares of ₹10 each, for a 100% stake.

Regulatory approvals

• All regulatory approvals required have been obtained.

Consideration

• Consideration: cash; subscription to equity share capital.

Shareholding

• BEL will hold 100% of BHBPL's paid-up equity; wholly owned subsidiary.

Strategic rationale

• BEL aims to expand into energy-storage infrastructure and utility-scale projects.

Project background

• BOO project awarded by AP Transco; 225 MW/450 MWh BESS.

Timeline

• Indicative completion is not applicable; no completion timeline specified.

Size / scale

• Turnover/asset figures for BHBPL are not disclosed.

Key updates

• Main Board migration filed with BSE/NSE on 31 Aug 2026; subject to exchange approvals.
• Order book stands at ₹10,023 crores as of 31 July 2026, signaling strong revenue visibility.
• Bondada Dynamics Private Limited acquired KCS Engineering Solutions to boost defence capabilities.
• Defence order book now approximately ₹2.10 crores.
• Company actively pursuing defence tenders with objective to expand pipeline.
• Exploring strategic inorganic growth opportunities in high-growth defence applications to expand market presence.
• Strategic expansion expected to strengthen capabilities and long-term shareholder value.
• 25 GW renewable energy target by 2030 remains a strategic objective supported by execution of orders.

Overall Compliance Status

• The entity complied with applicable SEBI LODR provisions; no material deviations.

Key Non-Compliances

• No material non-compliances observed; no penalties or actions recorded.

Remedial Actions

• No remedial actions required; prior observations addressed.

Board and Committee Composition

• No issues reported regarding board or committee constitution.

Website and Disclosure Practices

• Functional website maintained; timely disclosures under Regulation 27(2) with accurate links.

Subsidiary Compliance

• Entity has no material subsidiaries; consolidation review not applicable.

Regulatory Actions

• No actions by SEBI or stock exchanges against the entity.

Special Situations

• Not under insolvency or liquidation; no exemption claims.

Resolutions

• Resolution 1: Special migration of equity shares to BSE/NSE Main Boards.
• Outcome: Special resolution passed with requisite majority; 99.9971% in favour, 0.0029% against.
• Votes: 159 in favour (83,649,714); 2 against (2,400); abstentions 3 shareholders (800 shares).
• Less Voted: 1,999 shares treated as not counted.
• Abstentions: 3 shareholders holding 800 equity shares.