Bondada Engineering has incorporated Bondada Hindupur BESS Project Private Limited as a wholly owned subsidiary to develop a 225 MW battery energy storage system project in Andhra Pradesh.

Project and subsidiary details

The new entity, functioning as a special purpose vehicle, will undertake the development, ownership, operation and maintenance of the utility-scale battery energy storage system. The project was awarded by AP Transco under the Build-Own-Operate model.

Strategic context

The formation of the dedicated subsidiary reflects Bondada Engineering's expansion into the energy storage segment. The infrastructure aims to support grid stability, renewable energy integration and peak-load management in the region.

The financial performance of the subsidiary will be consolidated into Bondada Engineering's financial statements. The move aligns with the company's strategy to diversify into high-growth infrastructure opportunities leveraging its execution capabilities.

Bondada Engineering has filed its application with BSE Limited and NSE Limited on August 31, 2026, to migrate its equity shares from the SME platform to the main board. The company reported an aggregate order book of ₹10,023 crore as on July 31, 2026.

The migration is expected to enhance visibility, investor participation, liquidity, and access to broader capital markets, subject to exchange approval. Bondada Engineering equity shareholders had previously approved the move via a postal ballot.

Migration Status and Shareholder Approval

The special resolution for the migration was passed through a postal ballot conducted via remote e-voting. The voting window opened on July 28, 2026, at 9:00 am and closed on August 26, 2026, at 5:00 pm. Vivek Surana & Associates served as the scrutinizer.

The resolution received overwhelming support from shareholders. A total of 159 members voted in favor, representing 99.9971% of valid votes cast. Only two members voted against the resolution.

Three shareholders holding 800 equity shares abstained from voting. Additionally, votes relating to 1,999 shares were treated as 'Less Voted' and excluded from the final count.

Order Book and Strategic Goals

As on July 31, 2026, the company maintained an aggregate order book of approximately ₹10,023 crore. This strong order position provides robust revenue visibility and supports the company's strategic objective of reaching 25 GW of cumulative renewable energy capacity by 2030.

Defence Sector Expansion

Bondada Dynamics Private Limited, the company's defence sector subsidiary, recently acquired KCS Engineering Solutions. This acquisition aims to strengthen capabilities and presence in the defence sector. Following the acquisition, the defence business order book increased to approximately ₹2.10 crore.

The company is actively participating in various defence tenders covering different applications and requirements. It is also exploring strategic inorganic growth opportunities across products and services, focusing on high-growth defence applications to expand market presence and create long-term shareholder value.

What the Numbers Show

The near-unanimous shareholder approval (99.9971%) indicates strong alignment on the listing strategy, minimizing resistance to the transition. The disclosed order book of ₹10,023 crore underscores the scale of operations backing the main board listing, while the subsidiary's ₹2.10 crore defence order signals initial diversification into that sector through recent acquisition activity.