Artson Limited, a TATA Enterprise, has secured a substantial contract worth Rs. 42.22 crores from Anuppur Thermal Energy (MP) Pvt. Ltd., as disclosed in a regulatory filing under SEBI (LODR) Regulations, 2015. The announcement was made on 19th March 2026, highlighting a significant business development for the engineering company.

Contract Details and Scope

The comprehensive contract encompasses multiple aspects of steel structure supply and services. The order includes supply, fabrication, testing, painting, packing & forwarding, loading, transportation including transit insurance of prefabricated steel structures for CHP on DAP site basis.

Project Specifications

The domestic contract represents an item rate order structure, providing flexibility in project execution. The 6-month timeline indicates an accelerated delivery schedule, requiring efficient project management and execution capabilities from Artson Limited.

Regulatory Compliance and Transparency

The company has confirmed full compliance with disclosure requirements, stating that the contract does not involve any related party transactions. Additionally, no promoter, promoter group, or group companies have any interest in Anuppur Thermal Energy (MP) Pvt. Ltd., ensuring arm's length transaction principles.

Business Impact

This contract award strengthens Artson Limited's position in the thermal energy infrastructure sector. The order value of Rs. 42.22 crores represents a significant addition to the company's order book, demonstrating continued market confidence in its engineering and fabrication capabilities. The comprehensive scope covering supply chain management, fabrication, and logistics showcases the company's integrated service offerings in the steel structures segment.

Artson Limited , a prominent engineering company, has announced the appointment of Ms. Subhra Gourisaria as an Additional Director (Non-Executive) to its Board of Directors. The appointment, effective from September 15, 2025, marks a significant addition to the company's leadership team.

Appointment Process and Disclosure

The Board of Directors of Artson Limited approved Ms. Gourisaria's appointment through a Circular Resolution on September 16, 2025, following recommendations from the Nomination and Remuneration Committee. The company officially disclosed the appointment to the Bombay Stock Exchange (BSE) on September 17, 2025.

In response to a query from BSE regarding the timing of the disclosure, Artson Limited clarified that there was no intentional delay in the announcement. The company stated that the approval from the requisite number of Directors was received on the evening of September 16, 2025, prompting an immediate disclosure the following day.

Ms. Gourisaria's Professional Background

Ms. Subhra Gourisaria brings over two decades of extensive experience in business finance and financial strategy to Artson Limited. Her impressive career trajectory includes:

• Current role as Chief Financial Officer (CFO) at Tata Projects Limited, which she assumed in July 2025
• Previous position as CFO of Rallis India Limited, a Tata enterprise, for more than four years
• A 14-year tenure at Hindustan Unilever Limited, where she held various finance roles in the South Asian vertical
• Started her professional journey with Oil and Natural Gas Corporation Limited (ONGC) in 2003

Qualifications and Achievements

Ms. Gourisaria's credentials include:

• Chartered Accountant (rank holder)
• Diploma in IFRS from the Association of Chartered Certified Accountants (ACCA), UK
• Notable awards for best annual report, sustainability reporting, and fund management during her time at Rallis India Limited

Key Responsibilities and Expertise

Throughout her career, Ms. Gourisaria has demonstrated expertise in:

• Business Finance
• Financial Strategy
• P&L Management
• Controllership
• Taxation
• Audit
• Managing financial operations in diverse, multi-geographical, and complex businesses

Regulatory Compliance

Artson Limited has confirmed that Ms. Gourisaria is not related to any existing directors of the company. Additionally, she is not debarred from holding a directorship by any regulatory authority, including the Securities and Exchange Board of India (SEBI).

This strategic appointment is expected to bring valuable financial acumen and diverse industry experience to Artson Limited's Board, potentially contributing to the company's future growth and financial strategies.