Bondada Engineering Limited has successfully commissioned solar power projects aggregating to 107.7 MWp during April 2026, marking a significant operational milestone in its renewable energy EPC journey. The development was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Details and Client Portfolio

The commissioned projects were executed for reputed clients across multiple locations in two states. The following table summarises the key details of this commissioning update:

The projects span multiple locations across Maharashtra and Telangana, reflecting the company's expanding geographic footprint in the utility-scale solar segment.

Execution Capabilities and Operational Standards

The successful commissioning underscores Bondada Engineering's strong execution capabilities and technical expertise in the renewable energy EPC segment. The projects were delivered through robust engineering practices, efficient project management, and strict adherence to quality and safety standards, ensuring timely and seamless execution.

Key highlights of the commissioning milestone include:

• Aggregated capacity of 107.7 MWp commissioned in a single month
• Projects executed for three distinct clients — SCCL, Paradigm IT, and MAHAGENCO
• Delivery across multiple locations in Maharashtra and Telangana
• Adherence to quality and safety standards throughout project execution

Strategic Focus and Growth Targets

With this commissioning, Bondada Engineering has strengthened its execution pipeline and reaffirmed its focus on achieving a commissioning target of 1.5 GWp for FY 2026–27. The company remains committed to expanding its renewable energy portfolio through operational excellence and disciplined capital allocation, with a focus on sustainable growth and long-term value creation for all stakeholders.

This achievement further reinforces the company's position as a trusted EPC partner for large-scale solar projects and underscores its contribution towards India's renewable energy transition.

Bondada Engineering Limited has received a Notification of Award (NOA) from NTPC Green Energy Limited (NGEL) for the execution of Balance of System (BOS) works for a 600 MW Solar PV Project at Fatehgarh, Rajasthan. The award covers Block - 1 & Block – 3 of the solar project and was intimated to the exchanges on May 08, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Terms of the Notification of Award

The following table outlines the significant terms and conditions of the NOA as disclosed by the company:

Scope of Work

The project entails Design, Engineering, Site Development, Manufacture, Inspection at Supplier's Works, Supply, Insurance, Transport, Storage, Erection, Installation, Testing & Commissioning of a total capacity of 300 MW Solar Power Project (SPP) per block. The overall project scope encompasses BOS works for the 600 MW capacity across Block - 1 & Block – 3, to be executed under EPC mode. Additionally, Operations & Maintenance (O&M) services are included for a period of three years following commissioning.

Strengthening Order Book and NTPC Group Relationship

This award marks the second order received from the NTPC Group by Bondada Engineering. With this addition, the cumulative order inflow from the NTPC Group has reached approximately INR 1,207 Crore, with a total cumulative capacity nearing ~1 GW. The company's total Solar EPC order book in hand has increased to approximately ~5.3 GWp following this award.

Impact on Revenue Visibility

The order is expected to contribute to the company's revenues and profitability during the execution period. The award further strengthens the company's Solar EPC portfolio and enhances medium-term revenue visibility. The intimation was signed by Sonia Bidlan, CS & Compliance Officer (M. No. A37766), on May 08, 2026.