Mega Nirman signs EV charging framework agreement with Safexpress

Strategic Transactions View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.3%Reaction day

₹56.75

prior close

₹57.23

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-2.2% vs market

Residential, Commercial Projects peers, median of 61sector+0.1%-1.4% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 1.4 pts less than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.3

10m

-4.9

15m

-3.9

30m

-3.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3+0.8-2.2+0.1-1.4

Next day

+2.3+1.0+1.3+0.0+2.3

+2.2+1.7+0.4-0.4+2.6

+2.0+0.1+2.0-0.0+2.1

+1.7+0.8+0.9+0.4+1.3

+0.4-0.9+1.3-0.2+0.6

+0.0-4.5+4.5-1.7+1.7

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Residential, Commercial Projects peers, median of 61Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mega Nirman & Industries has signed a Master EV Charging Services Agreement with logistics major Safexpress. Under it, the company will install, own, operate and maintain EV charging stations under its MEGACHARGE brand at Safexpress sites. Each station must be commissioned within 60 days, with a 10 year term per site extendable by 3 years. No aggregate contract value is committed. Revenue will depend on sites added later through separate Site Annexures. An earlier Agra site agreement from April 2026 will be superseded.

Likely market impact

Opens a new EV charging revenue stream tied to a large logistics fleet, but with no committed contract value, actual earnings depend on future site additions.