The Company has informed the exchange about receipt of Work Order from GHV (India) Private Limited
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GHV Infra Projects Ltd has received a work order valued at approximately Rs. 105 crore from GHV (India) Private Limited. The order involves construction of infrastructural development works for expanding the capacity of a carshed at Kalwa. The project is to be completed within 24 months from the date of commencement and is classified as a domestic order. Importantly, this order is a related party transaction since Mr. Jahidmohmed Vijapura, who is a deemed promoter of GHV Infra Projects, is also a director and shareholder of GHV (India) Private Limited. The company has stated the transaction is conducted at arm's length basis.
The order provides revenue visibility for the next 24 months, which is positive for the company's order book. However, the related party nature of the transaction may attract scrutiny from investors and regulators, as the counterparty shares common promoters/directors with the company.