Bondada Engineering has received approval for energization from the Central Electricity Authority (CEA) for a 300 MW grid-connected solar power project at Khavda, Gujarat. The project is being executed on an Engineering, Procurement and Construction (EPC) basis for NLC India Renewables Limited. This approval paves the way for adding 300 MW of solar power to the grid, marking a significant milestone in the company's renewable energy portfolio.

Project Overview

The CEA approval is a critical regulatory step for the project's energization. The following table summarizes the key details of the development:

Strategic Significance

The Central Electricity Authority is the apex technical body under the Ministry of Power, Government of India. Securing this clearance underscores Bondada Engineering's execution capabilities in delivering large-scale renewable energy infrastructure projects for leading Central Public Sector Enterprises (CPSEs). This achievement reinforces the company's position as a trusted partner in India's clean energy transition.

Bondada Engineering Limited has scheduled a board meeting for July 24, 2026, to consider the financial results for the financial year ended March 31, 2026, and recommend a final dividend for shareholder approval. The meeting will also deliberate on the migration of the company's equity shares from the SME Platform of BSE Limited to the Main Board of BSE Limited and National Stock Exchange of India Limited. This strategic move is subject to the receipt of requisite approvals and compliance with applicable regulatory requirements.

The Board of Directors will consider and approve the Director’s Report along with the Secretarial Audit Report for FY26. Additionally, the board will review the Cost Auditor’s Report for the same period and appoint the Cost Auditor for the Financial Year 2026-27. The remuneration of the cost auditor will be fixed and recommended to the members for ratification at the ensuing Annual General Meeting.

Agenda for Board Meeting

The meeting's agenda includes several key proposals to be placed before the shareholders:

• Dividend: To recommend the final dividend for FY 2025-26 and authorize the opening of the final Dividend Account.
• Record Date: To fix the record date for determining eligible shareholders entitled to the final dividend.
• Fundraising: To seek authorization to raise funds through the issuance of Non-Convertible Debentures (NCDs) up to INR 500cr, subject to member approval.
• Borrowing & Security: To propose shareholder approval for borrowing powers under Section 180(1)(c) and the creation of security under Section 180(1)(a) of the Companies Act, 2013.

Appointments and AGM

The board will appoint the Secretarial Auditor for a five-year term commencing from the Financial Year 2026-27 to 2030-31 and fix their remuneration. An Internal Auditor will also be appointed for the Financial Year 2026-27. Furthermore, the board will consider the appointment of an Independent Director and take note of directors retiring by rotation.

The 14th Annual General Meeting of the company will be convened, and the notice for the same will be approved. KFin Technologies Limited has been appointed as the E-voting Agency, and Vivek Surana & Associates as the Scrutinizer for both the e-voting at the AGM and the postal ballot regarding the main board migration.

Trading Window Closure

Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for transactions in the company's shares has been closed for all designated persons and their immediate relatives since July 1, 2026. The window will remain closed until 48 hours after the declaration of the board meeting outcome regarding the quarterly results for the quarter ended June 30, 2026.