Receipt of Sub-contract work order - Anaya Consultancy Services amounting to Rs. 14000000
Price
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Techknowgreen Solutions has received a sub-contract work order valued at Rs. 1.40 crore (excluding GST) from Anaya Consultancy Services for obtaining an environmental clearance (EC) time limit extension for plots D-31 and D-32 at TTC MIDC, Navi Mumbai. The end client for the project is M/s. Amanthin Info Parks Pvt Ltd. The work is to be executed over 6 to 8 months, with 50% payment upfront within 7 days and the remaining 50% on completion. Notably, Anaya Consultancy Services is a proprietorship owned by the mother of Dr. Aniket Kadam (Whole-Time Director and CFO), making this a related party transaction that has been approved at arm's length by the Audit Committee, Board, and shareholders via postal ballot in July 2025.
This is a moderate-sized order for the company in its environmental consultancy business, adding to its order book. However, investors should note the related-party nature of the transaction and the relatively small value compared to typical corporate contract wins, which may limit immediate stock price impact.