Dhruv Consultancy Services Ltd has acquired a 55% stake in Verul Drivehub Private Limited for ₹55,000, establishing the newly incorporated entity as a subsidiary to undertake infrastructure development projects. The acquisition, executed through a cash consideration, aligns with the company's strategy to expand its business portfolio in the infrastructure sector, specifically focusing on the development, operation, and maintenance of wayside amenities on National Highways.

Verul Drivehub Private Limited was incorporated on June 18, 2026, to execute a Wayside Amenities Project pursuant to a Letter of Award received from National Highway Logistics Management Limited (NHLML). The project involves the development of wayside amenities on different sections of National Highways in Maharashtra, specifically the site NH-52/O&M/Karodi-Telwadi/Verul/Ch.342.600 /LHS/PIU Sambhaji Nagar. The operations will be conducted on a Built, Operate, and Transport (BOT) basis for a lease period of 15 years, which includes an 8-month rent-free development period.

The receipt of the Letter of Award was previously disclosed by the company to the stock exchanges on June 1, 2026. The subsidiary is classified as a related party transaction under the Companies Act, 2013, and the investment was made on an arm’s length basis. As the entity is newly incorporated, it has not commenced commercial operations and reported nil turnover for the last three financial years.

Details of Acquisition

The subsidiary will manage facilities including travel plazas, fuel stations, EV charging stations, food courts, retail outlets, and parking facilities on National Highways, State Highways, and other road networks. The company confirmed that the subscription to the share capital was completed on the date of Verul Drivehub Private Limited's incorporation.

Dhruv Consultancy Services Limited confirmed on April 06, 2026, that its promoters and promoter group entities have not created any encumbrance on shares during the financial year ended March 31, 2026. The disclosure, submitted to the stock exchanges, assures investors that the shareholding structure remains free from new charges or liens, other than those already reported in the previous financial year. This compliance is mandated under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, to maintain transparency regarding the holding status of key shareholders.

The declaration was made by Mr. Pandurang Balkrishna Dandawate, a promoter of the company, on behalf of himself and the members of the promoter and promoter group. The communication addressed the Corporate Relationship Department of BSE Limited and the Listing Department of National Stock Exchange of India Limited. The company stated that the disclosure covers the period up to March 31, 2026, and confirms that no direct or indirect encumbrances were established during this time.

Regulatory Compliance Details

The filing is a procedural requirement aimed at informing the exchanges about the pledge status of shares held by promoters. The company explicitly noted that any encumbrances not previously disclosed to the exchanges during FY26 do not exist.

The letter was signed by Tanvi Tejas Auti, Managing Director of dhruv consultancy , and authenticated with a digital signature. The promoter, Mr. Pandurang Balkrishna Dandawate, also provided a separate declaration to the Audit Committee of Dhruv Consultancy Services Limited, reiterating the same compliance status.