Dhruv consultancy Services Limited has announced its empanelment with India Exim Bank as a consultant for Lender's Independent Engineer (LIE) services. The company disclosed this development in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Empanelment Details

The empanelment enables Dhruv Consultancy Services Limited to provide specialized Lender's Independent Engineer (LIE) services in the Roads & Highways sector. The company has been approved to offer comprehensive engineering consultancy services for infrastructure projects requiring independent technical assessment and monitoring.

Timeline and Documentation

The empanelment process followed a structured timeline with specific documentation milestones. The company received formal approval through an official empanelment order issued by India Exim Bank.

Regulatory Compliance

Dhruv Consultancy Services Limited has fulfilled its disclosure obligations under SEBI regulations. The company specifically noted that SEBI Circular number SEBI/HO/CFD/CFD-PoD2/P/CIR/2025/25 dated February 25, 2025, is not applicable for this particular disclosure.

The empanelment with India Exim Bank represents a significant business development for the company, positioning it to participate in infrastructure projects requiring independent engineering assessment and monitoring services in the Roads & Highways sector. This LIE services empanelment enhances the company's capability to serve as an independent technical consultant for lenders in infrastructure financing projects.

Dhruv Consultancy Services Limited has officially received its empanelment order from the Brihanmumbai Municipal Corporation (BMC) as a Project Management Consultant (PMC), marking a significant milestone in the company's municipal infrastructure portfolio. The empanelment order, numbered Ch. Eng./9644/Roads & Tr, was received on April 1, 2026, formalizing the five-year engagement.

Official Empanelment Details

The company has disclosed the empanelment under Regulation 30 of the SEBI Listing Regulations to both BSE and NSE. The formal communication confirms Dhruv Consultancy Services' selection pursuant to the Request for Proposal (RFP) process for comprehensive municipal infrastructure services.

Scope of Services

The empanelment covers two critical areas of municipal infrastructure development. The company will provide design services for municipal roads, pavements, and underground utility ducts, while also ensuring comprehensive quality assurance and quality control for various roads and trench works across Mumbai.

Regulatory Compliance

The company has fulfilled its disclosure obligations under SEBI Listing Regulations by informing both stock exchanges about this material development. The disclosure was made to BSE Limited (Security Code: 541302) and National Stock Exchange (Scrip Symbol: DHRUV) as required under Regulation 30.

Strategic Impact

This official empanelment establishes Dhruv Consultancy Services as a recognized infrastructure consultant for one of India's largest municipal corporations. The five-year duration provides revenue visibility and positions the company as a key participant in Mumbai's urban infrastructure development initiatives. The comprehensive scope covering both design and quality management services demonstrates the company's technical capabilities in municipal engineering projects.