Swastika Infra Ltd

Swastika Infra Ltd has announced receiving a Letter of Award (LOA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for Distribution Infrastructure & System Strengthening works in the Bhandup Zone, Maharashtra. The aggregate order value stands at ₹615.76 crore, including taxes. The scope of work involves survey, design, engineering, supply, installation, testing, and commissioning of distribution infrastructure and associated civil and electrical works. The contract is to be executed within 24 months from the date of the LOA. This significant order is expected to bolster the company's order book and contribute to its revenue growth.

Swastika Infra Limited has announced securing a significant Letter of Award (LOA) worth approximately ₹615.76 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL). This order, for the Development of Distribution Infrastructure & System Strengthening works at Bhandup Zone, Mumbai, is the largest single order in the company's history. It is equivalent to about 1.2 times its FY26 revenue of ₹504 crore and significantly strengthens its order pipeline post its recent IPO. The unexecuted order book now stands at approximately ₹1,400 crore, with operations spanning 9 states. The project, funded by the Asian Development Bank (ADB), involves developing new substations, HT/LT lines, distribution transformers, and other allied works. This win marks Swastika Infra's entry into the Maharashtra market, a strategic move given the state's high power consumption and investment in the T&D sector.

Swastika Infra Ltd has been appointed as a Scrutinizer for its 7th Annual General Meeting (AGM) held on September 30, 2026. The company's role was to ensure the fair and transparent scrutiny of the voting process and ascertain the requisite majority on resolutions. Voting was conducted by show of hands, with no proxy or e-voting facilities provided. Two ordinary resolutions were voted upon: the adoption of audited financial statements for FY26 and the appointment of Mrs. Ruchira Gupta as a director. All votes cast were in favor of both resolutions. A technical observation was made regarding the inability to file results in XBRL format due to the show of hands voting method.