Conart Engineers secures ₹15.41 crore order from Apothecon Pharmaceuticals

Conart Engineers has secured a work order valued at approximately ₹15.41 crore from Apothecon Pharmaceuticals Private Limited for civil construction work in Gujarat. The project involves LVAPI-6 Services at PO Dabhasa, Padra, in the Vadodara district. The order, received on May 26, 2026, is expected to be executed within 12 months of the purchase order.

The contract value excludes GST and is subject to adjustments based on any changes in the final layout plan or additional work requirements. The terms and conditions of the order follow standard construction industry practices. The order has been awarded by a domestic entity, and the project site is located within India.

Conart Engineers disclosed that neither the promoter group nor group companies hold any interest in the entity awarding the contract. The company confirmed that the transaction does not fall under related party transactions. The intimation was made to the stock exchange pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The following table outlines the key details of the order:

Parameter	Details
Name of Client	M/s. Apothecon Pharmaceuticals Private Limited
Nature of Order	Civil construction work of LVAPI-6 Services
Location	PO Dabhasa, Padra, Dist. Vadodara, Gujarat
Order Value	Approx ₹15.41 Crores (excluding GST)
Execution Period	Within 12 months of PO
Date of Receipt	26-May-26 at 04.30 PM

The company submitted the details in compliance with SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The work order represents a new addition to the company's order book in the civil construction segment.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.38%	+5.61%	+23.72%	-4.42%	+25.01%	+677.70%

Conart Engineers Limited has secured a work order from Hindalco Industries Limited for Yellow Soil filling and Compound Wall Work at Savli, Dist. Vadodara, Gujarat. The approximate value of the project is ₹49 Crores (excluding GST), subject to variation depending on any changes in the final layout plan and extra work, if any. The work order was received on 11-May-26 at 15:28, and the disclosure was made to BSE Limited on 12th May, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details

The key parameters of the work order, as disclosed in the annexure filed with BSE, are summarised below:

Parameter:	Details
Awarding Entity:	M/s. Hindalco Industries Limited
Nature of Work:	Yellow Soil filling and Compound Wall Work at Savli
Project Location:	Savli, Dist. Vadodara, Gujarat, India
Order Value:	Approx ₹49 Cr. (excluding GST)
Entity Type:	Domestic
Terms & Conditions:	As per Standard Construction Industry Practice
Date & Time of Receipt:	11-May-26 at 15.28
Related Party Transaction:	Not Applicable
Promoter Interest in Awarding Entity:	No

Execution Timeline

The project is structured for execution in two phases:

Phase-1: To be completed within 4 months from the date of the PO/LOI
Phase-2: To be completed within 3 months after monsoon

The terms and conditions governing the order are as per Standard Construction Industry Practice. The promoter/promoter group/group companies have no interest in Hindalco Industries Limited, and the transaction does not fall within related party transactions.