Bondada Engineering Ltd

Bondada Engineering Limited has received the official listing approval from the National Stock Exchange of India Limited (NSE) for its migration from the BSE SME Platform to the Capital Market Segment (Main Board) of NSE. This follows earlier in-principle approvals from both NSE and BSE Limited. The migration is a significant milestone, expected to enhance the company's visibility, broaden its investor base, and support its long-term growth objectives and value creation for stakeholders. The company will now proceed with the necessary subsequent formalities as per regulatory and stock exchange requirements.

Bondada Engineering Limited has received a Letter of Intent (LOI) from Gujarat Industries Power Company Limited (GIPCL) for an Engineering, Procurement, and Construction (EPC) package. This involves developing a 20 MW / 120 MWh Vanadium Redox Flow Battery Energy Storage System (VRFB BESS), including 10 years of Operations and Maintenance (O&M), at GIPCL's Vadodara facility. This marks Bondada's entry into advanced energy storage technologies and secures India's largest grid-scale VRFB BESS project. The project is to be completed within 18 months from the receipt of the Notice of Award (NOA).

Bondada Engineering Limited has received an in-principle approval letter from the National Stock Exchange of India (NSE) for its migration from the BSE SME platform to the NSE's Capital Market Segment (Main Board). This follows a similar in-principle approval from BSE Limited on September 9, 2026. The company views this as a significant milestone in its growth journey, aiming to enhance visibility, market presence, and long-term value for stakeholders. Bondada Engineering will now proceed with the necessary regulatory and stock exchange formalities to complete the migration process.

Bondada Engineering Limited has received a significant EPC order worth ₹1,153.93 Crores for the development of a 270 MWp Ground-Mounted Solar PV Project in Maharashtra. The project is to be executed within 6 months from the order receipt. This order strengthens the company's renewable energy portfolio and its capabilities in large-scale solar EPC project execution. The company continues to focus on renewable energy, BESS, and other infrastructure opportunities, emphasizing execution, diversification, and sustainable growth. The order falls under related party transactions.

Bondada Engineering Limited's subsidiary, Onix IPP Private Limited, has received a sanction of ₹911.25 Crores from the State Bank of India. This funding is for a 225 MW Solar Independent Power Producer (IPP) Project. The facility includes ₹900 Crores in term loans and ₹11.25 Crores in non-fund-based facilities. The project benefits from a 25-year Power Purchase Agreement (PPA) with MSEDCL, ensuring long-term revenue visibility. This sanction is a key step in the company's strategy to expand its renewable energy IPP segment and build a portfolio of annuity-based assets, contributing to sustainable growth.

Bondada Engineering Limited has successfully commissioned solar power projects totaling 221.7 MWp during the second quarter of FY27. These projects were executed for prominent clients including Adani, MAHAGENCO, KP Group, and Paradigm IT across Maharashtra and Gujarat. This commissioning brings the company's cumulative executed solar capacity to approximately 1.7 GWp. The company highlighted its strong execution capabilities, technical expertise, and consistent track record in the renewable energy EPC segment. The successful delivery was attributed to robust engineering, efficient project management, and adherence to quality and safety standards. Bondada Engineering remains committed to expanding its renewable energy portfolio and contributing to India's energy transition.

Bondada Engineering Limited has announced the receipt of multiple work orders totaling ₹146.90 Crores across its business verticals: Telecom Infrastructure, Renewable Energy, and Energy-Efficient Lighting Solutions. The orders include the supply of 200 Telecom Towers for BSNL in Gujarat, A-class items for a ground-mounted Solar power plant in Maharashtra, and 18 Watt Solar Street Lights in Uttar Pradesh. These orders are expected to be executed within 2 to 4 months and are awarded by various domestic government and private sector customers. The company stated that its promoters or group companies have no interest in the awarding entities, and these do not fall under related party transactions. This influx of orders strengthens the company's business pipeline and demonstrates its expanding presence in key infrastructure segments.

Bondada Engineering Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain shut from October 1st, 2026, until 48 hours after the declaration of the company's un-audited financial results for the quarter and half-year ended September 30th, 2026. The date for the board meeting to consider these financial results will be communicated separately.

Bondada Engineering Ltd's Board of Directors met on September 22, 2026, and approved key corporate governance changes. The Board amended its Whistle Blower Policy and appointed an Ombudsman. Additionally, the Stakeholders Relationship Committee was reconstituted to comply with corporate governance requirements for companies listed on the Main Board, as Bondada Engineering is in the process of migrating from the BSE SME Platform to the Main Board of BSE and NSE. Mr. P Dinakara Rao, an Independent Director, was inducted as a member of the reconstituted committee. The meeting commenced at 4:00 p.m. and concluded at 4:50 p.m.

Bondada Engineering Limited, through its Joint Venture with BEST Infra Private Limited, has received a Letter of Intent (LOI) from Northern Power Distribution Company of Telangana Limited (TGNPDCL) for a smart energy metering project. The order value is approximately ₹41.01 crore and involves the procurement, supply, installation, integration, testing, commissioning, operation, and maintenance of 40,000 smart energy meters. The project is expected to be executed within 11 months from the Purchase Order date and aligns with the expertise of Bondada's subsidiary, Bondada E&E Pvt. Ltd.