Please find attached Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 ("LODR Regulation") for notice of work order receipt.
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GHV Infra Projects Ltd has received a sub-contract worth approximately Rs. 546 crores (excluding GST) for strengthening and improvement of various roads in Mumbai, Maharashtra. The work has been awarded by M/s. GHV (India) Private Limited, with a completion period of 24 months. The order is a domestic contract and falls within related party transactions, as the company's promoter Mr. Jahidmohmed H. Vijapura is a director and shareholder in the client entity. The company has stated that the transaction is executed on an arm's length basis.
This is a sizeable order that significantly boosts the company's revenue visibility over the next two years, but the related party nature of the deal (promoter-linked client) may draw investor scrutiny on governance. Shareholders should monitor execution and the independent fairness of the contract terms.