Artefact Projects Ltd Secures Rs 3.95 Crore Consultancy Contract from NHAI for Highway Capacity Augmentation Project

1 min read     Updated on 19 Mar 2026, 08:24 PM
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Artefact Projects Ltd has been awarded a consultancy services contract worth Rs 3,94,88,232 from the National Highways Authority of India for preparation of DPR for capacity augmentation of Varanasi-Jaunpur-Sultanpur-Lucknow highway stretch in Uttar Pradesh. The 7-month project will be executed in association with Dhruv Consultants Services Limited, representing a significant business win for the infrastructure consulting firm.

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Artefact Projects Ltd has secured a major consultancy services contract worth Rs 3,94,88,232 from the National Highways Authority of India (NHAI). The company announced this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Project Details and Scope

The awarded contract involves consultancy services for preparation of Detailed Project Report (DPR) for the capacity augmentation of Varanasi-Jaunpur-Sultanpur-Lucknow stretch in the state of Uttar Pradesh. The project will be executed in association with Dhruv Consultants Services Limited, indicating a collaborative approach to deliver comprehensive highway infrastructure planning services.

Contract Specifications

The key parameters of the awarded contract are outlined below:

Parameter: Details
Awarding Authority: National Highways Authority of India
Contract Value: Rs 3,94,88,232 (Exclusive of GST)
Project Duration: 7 Months
Service Type: Consultancy Services
Geographic Scope: Uttar Pradesh
Partnership: Dhruv Consultants Services Limited

Regulatory Compliance

The company has received the letter of award for the project and has fulfilled its disclosure obligations under SEBI regulations. The contract is awarded to a domestic entity and does not involve any related party transactions. No promoter or group company interests are associated with the awarding entity.

Strategic Significance

This contract award reinforces Artefact Projects Ltd's position as a project management consultant in the infrastructure sector. The company specializes in consulting engineering and planning services, with its registered and corporate office located in Nagpur, Maharashtra. The highway capacity augmentation project aligns with India's ongoing infrastructure development initiatives in the transportation sector.

The successful bid demonstrates the company's capability to secure significant government contracts and its expertise in highway infrastructure planning and development consulting services.

Source: None/Company/INE885B01014/3ba57706-c29c-4589-9a3d-cb83e3545e6f.pdf

Historical Stock Returns for Artefact Projects

1 Day5 Days1 Month6 Months1 Year5 Years
+3.97%+0.92%+0.27%-11.02%+7.50%+81.92%

How might this NHAI contract success position Artefact Projects for future highway infrastructure tenders across other Indian states?

What impact could the completion of this Varanasi-Lucknow highway capacity augmentation have on regional economic development and trade corridors?

Will Artefact Projects likely expand its partnership with Dhruv Consultants Services Limited to bid for additional infrastructure projects?

Artefact Projects Limited Issues Duplicate Share Certificate Under SEBI Regulations

1 min read     Updated on 18 Mar 2026, 07:02 PM
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Artefact Projects Limited informed BSE about issuing a duplicate share certificate for 100 shares to Manisha Vipul Sangoi on March 16, 2026, replacing old certificate 14824 with new certificate 33773. The intimation was made under SEBI Regulation 39(3) and processed through RTA MUFG Intime India Private Limited. Company Secretary Rani Maheshwari signed the compliance notification submitted on March 18, 2026.

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Artefact Projects Limited has notified BSE Limited regarding the issuance of duplicate share certificates in compliance with regulatory requirements. The company submitted the intimation on March 18, 2026, providing details of duplicate certificates issued to shareholders.

Duplicate Certificate Details

The company issued one duplicate share certificate on March 16, 2026, through its Registrar and Transfer Agent, MUFG Intime India Private Limited. The certificate was issued to replace a lost or damaged original certificate for shareholder Manisha Vipul Sangoi.

Parameter: Details
Issue Date: March 16, 2026
Folio Number: 001054
Shareholder Name: Manisha Vipul Sangoi
Number of Shares: 100
Old Certificate Number: 14824
New Certificate Number: 33773
Distinctive Numbers: 2533401 to 2533500

Regulatory Compliance

The intimation was made pursuant to Regulation 39(3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about the issuance of duplicate share certificates within specified timeframes.

The communication was addressed to the Manager (CRD) at BSE Limited and included the complete register of new share certificates issued on duplication. Company Secretary & Compliance Officer Rani Maheshwari signed the intimation on behalf of Artefact Projects Limited.

Processing Summary

The register provided by MUFG Intime India Private Limited shows comprehensive batch controls for the duplicate certificate issuance:

  • Total Requests Processed: 1
  • Old Certificates Replaced: 1
  • New Certificates Issued: 1
  • Total Shares Covered: 100

The duplicate certificate carries the same distinctive numbers as the original certificate, ensuring continuity in share identification. The paid value remains at ₹10 per share, maintaining the original certificate specifications.

Company Information

Artefact Projects Limited operates as project management consultants, consulting engineers, and planners. The company is incorporated under CIN L65910MH1987PLC044887 and trades on BSE under scrip code 531297. Its registered and corporate office is located at Block No. 105, 2nd Floor, "Artefact Towers", Chhatrapati Square, Wardha Road, Nagpur - 440015, Maharashtra.

Historical Stock Returns for Artefact Projects

1 Day5 Days1 Month6 Months1 Year5 Years
+3.97%+0.92%+0.27%-11.02%+7.50%+81.92%

Will Artefact Projects Limited implement enhanced digital share certificate systems to reduce future instances of lost or damaged physical certificates?

How might the increasing trend of duplicate certificate requests across BSE-listed companies influence SEBI's regulatory framework for share certificate management?

Could this incident prompt Artefact Projects to accelerate its transition to dematerialized shares for all remaining physical certificate holders?

More News on Artefact Projects

1 Year Returns:+7.50%