Servotech Renewable Power System Limited has informed the Exchange about General Updates

Major Contract CancelledBusiness Updates View source PDF Explain this filing

SERVOTECH · price

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

-4.2%Reaction day

₹70.18

prior close

₹66.60

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.7%-1.5% vs market

Other Electrical Equipment peers, median of 44sector-3.4%-0.8% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.8 pts less than its Other Electrical Equipment 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

+1.3

10m

+0.6

15m

+1.6

30m

+1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.2-2.7-1.5-3.4-0.8

Next day

-2.3-1.6-0.6-1.4-0.8

-2.4-1.7-0.7-1.2-1.2

-4.8-4.3-0.5-3.3-1.6

-1.1-2.1+1.0-0.8-0.3

-1.7-2.2+0.5+0.0-1.7

-2.6-5.3+2.7-2.0-0.6

15d

+0.7-3.9+4.6-2.5+3.2

-0.5-3.4+2.9-2.0+1.4

+36.8+11.9+24.9+16.9+19.9

+57.2+14.7+42.4+19.4+37.8

UpDownMarket · Nifty Microcap 250Sector · Other Electrical Equipment peers, median of 44Pending

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

AI summary

Servotech Renewable Power System has terminated a ₹73.70 Crore order from NREDCAP (New & Renewable Energy Development Corporation of Andhra Pradesh Ltd) for Grid Connected Rooftop Solar Projects in the Kavali Division. The order, originally disclosed on November 19, 2025, was cancelled because NREDCAP revised payment and commercial terms after issuing the Letter of Award. The company found the revised terms unviable and decided not to proceed. The bank guarantee submitted against the order has been withdrawn, and no revenue was ever booked from this contract.

Likely market impact

No material financial impact since no revenue was recognized and no obligations remain. However, the loss of a ₹73.70 Crore government solar order removes a potential revenue contributor, which may temper near-term growth expectations for the solar segment.