Chiraharit Secures ₹4.93 Crore Order From TP Vardhaman Surya Limited for Wind Power Project

1 min read     Updated on 09 May 2026, 04:41 PM
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Chiraharit Limited has received a domestic purchase order valued at Rs.4,93,25,000 (excluding GST) from TP Vardhaman Surya Limited, a Tata Group company, for supply of SVG and Filters along with Miscellaneous Services for a wind power project in Karnataka. The contract is to be executed within 16 weeks and is not a related party transaction. The disclosure was intimated to BSE Limited on 09th May 2026 and signed by Managing Director and CEO Pavankumar Bang.

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Chiraharit Limited, a Hyderabad-based company, has announced the receipt of a purchase order from TP Vardhaman Surya Limited, a Tata Group company, for supply and services for a wind power project. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was intimated to BSE Limited on 09th May 2026.

Order Details

The purchase order covers the supply of SVG and Filters, along with Miscellaneous Services as per the Bill of Quantities (BOQ). The scope of work includes installation and service activities, with the location of supply designated as Karnataka. The order is classified as a domestic contract and is not a related party transaction, with no interest of the promoter, promoter group, or group companies in the awarding entity.

The key parameters of the purchase order are summarised below:

Parameter: Details
Awarding Entity: TP Vardhaman Surya Limited (Tata Group Company)
Nature of Order: Supply and Services for Wind Power Project
Scope of Work: Services of SVG and Filters, Miscellaneous Services as per BOQ; Installation/Service included
Location of Supply: Karnataka
Order Value (Excl. GST): Rs.4,93,25,000/-
Execution Timeline: To be executed within 16 weeks
Domestic/International: Domestic
Related Party Transaction: No
Promoter/Group Interest in Awarding Entity: No

Significance of the Order

The order, valued at Rs.4,93,25,000 (Rupees Four Crore Ninety-Three Lakh and Twenty-Five Thousand only, excluding GST), represents a significant business development for Chiraharit Limited in the renewable energy segment. The contract is to be executed within 16 weeks from the date of the order. The disclosure was signed by Pavankumar Bang, Managing Director and CEO of Chiraharit Limited.

Historical Stock Returns for Chiraharit

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+8.83%+25.37%-18.49%-35.90%-35.90%

Could this Tata Group contract serve as a springboard for Chiraharit Limited to secure larger renewable energy orders, and what is the company's pipeline of similar projects?

How might successful execution of this SVG and Filters supply contract within the 16-week timeline impact Chiraharit Limited's credibility and future bidding prospects in India's expanding wind energy sector?

Given India's ambitious renewable energy targets, are there indications that TP Vardhaman Surya Limited plans to expand its wind power portfolio in Karnataka, potentially leading to follow-on orders for Chiraharit?

Chiraharit Limited Intimates Inclusion of Malaxmi Climate Resilience Platform Private Limited in Promoter Group

1 min read     Updated on 08 May 2026, 06:12 PM
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Chiraharit Limited has disclosed the inclusion of Malaxmi Climate Resilience Platform Private Limited in its promoter group with effect from 09th April 2026. The inclusion follows promoter Ms. Tejaswini Yarlagadda, who holds 52.56% equity in Chiraharit, subscribing to 90% of the paid-up equity share capital of the newly incorporated entity. The updated promoter group composition will be reflected in the shareholding pattern for the half-year ending 30th September 2026, as per SEBI (LODR) Regulations, 2015.

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Chiraharit Limited has intimated BSE Limited regarding the inclusion of Malaxmi Climate Resilience Platform Private Limited in its promoter group, effective 09th April 2026. The disclosure was made on 08th May 2026 in accordance with Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Promoter Subscription Triggers Group Inclusion

Ms. Tejaswini Yarlagadda, one of the promoters of Chiraharit Limited and holder of 52.56% of the company's equity shares, has subscribed to 90% (ninety percent) of the paid-up equity share capital of Malaxmi Climate Resilience Platform Private Limited. The entity was incorporated on 09th April 2026 under the Companies Act, 2013, bearing CIN: U72100TS2026PTC214335.

Consequently, in terms of Regulation 2(1)(pp) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, Malaxmi Climate Resilience Platform Private Limited now forms part of the promoter group of Chiraharit Limited.

Key Details of the Development

The following table summarises the key parameters of this corporate disclosure:

Parameter: Details
Entity Included: Malaxmi Climate Resilience Platform Private Limited
CIN of New Entity: U72100TS2026PTC214335
Date of Incorporation: 09th April 2026
Promoter Involved: Ms. Tejaswini Yarlagadda
Promoter's Shareholding in Chiraharit: 52.56%
Equity Stake Subscribed: 90% of paid-up equity share capital
Effective Date of Group Inclusion: 09th April 2026
Applicable Regulation: Regulation 2(1)(pp) of SEBI (ICDR) Regulations, 2018
Disclosure Filed Under: Regulation 31 of SEBI (LODR) Regulations, 2015

Shareholding Pattern Update

The updated promoter group composition will be reflected in the shareholding pattern of Chiraharit Limited to be filed for the half-year ending 30th September 2026, in accordance with Regulation 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Pavankumar Bang, Managing Director and CEO (DIN: 0361479), on 08th May 2026.

Historical Stock Returns for Chiraharit

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%+8.83%+25.37%-18.49%-35.90%-35.90%

What specific climate resilience projects or business activities is Malaxmi Climate Resilience Platform Private Limited expected to undertake, and how will they align with Chiraharit Limited's core business strategy?

Could the incorporation of a climate-focused entity within the promoter group signal a strategic pivot or diversification for Chiraharit Limited into ESG-driven sectors?

How might the addition of Malaxmi Climate Resilience Platform to the promoter group influence institutional investor sentiment and Chiraharit's stock performance in the near term?

More News on Chiraharit

1 Year Returns:-35.90%