Dhruv Consultancy Services Limited has announced the receipt of a significant contract from the National Highway Authority of India (NHAI) for Independent Engineer Services. The Letter of Acceptance was received on April 29, 2026, marking a notable addition to the company's project portfolio in the infrastructure consulting sector.

Contract Details and Scope

The contract involves Independent Engineer Services during the Operation and Maintenance period for the four-laning of Kurali-Kiratpur Section of NH-21 (New NH-205). The project spans from Km 28.600 to Km 71.500 in the state of Punjab and will be executed on a DBFOT (Design, Build, Finance, Operate and Transfer) basis under NHDP-Phase-III.

Partnership and Appointment

Dhruv Consultancy Services Limited has been appointed for this project in association with M/s. Designilla Pvt Ltd. The appointment was formalized through letter No. NHAI/RO-CHD/2025-2026/CHD/17/66-561 dated April 28, 2026, which was received by the company on April 29, 2026.

Implementation Requirements

The contract comes with specific implementation obligations that the company must fulfill:

• Performance Bank Guarantee: Must be furnished within 15 days from the issuance of the Letter of Acceptance
• Contract Agreement: Execution must be completed as per the RFP (Request for Proposal) document requirements
• Project Timeline: The entire project duration is set at 36 months

Regulatory Compliance

The announcement was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The company has provided comprehensive details of the contract as required under the regulatory framework, confirming that this is a domestic contract with no related party transactions involved.

This contract represents a significant opportunity for Dhruv Consultancy Services Limited to demonstrate its expertise in highway infrastructure consulting and strengthen its position in the Indian infrastructure development sector.

Dhruv consultancy Services Limited has formally disclosed its non-applicability for the Large Corporate framework under SEBI regulations for the fourth quarter of FY 2025-26. The company made this disclosure pursuant to Chapter XII of SEBI circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, which relates to fund raising through issuance of debt securities by large entities.

Financial Position and Credit Rating

The company provided key financial details as part of its regulatory disclosure. As on March 31, 2026, Dhruv Consultancy Services Limited reported outstanding borrowings of Rs. 19.65 Cr. The company maintains a credit rating of CARE BB+ with a stable outlook, which was the highest credit rating during the previous financial year.

Regulatory Compliance Framework

The disclosure confirms that Dhruv Consultancy Services Limited does not meet the applicability criteria for classification as a Large Corporate under the SEBI framework. The company has designated BSE Limited as the stock exchange where any potential fine would be paid in case of shortfall in required borrowing under the framework.

Corporate Information

Dhruv Consultancy Services Limited operates with CIN L42204MH2003PLC141887 and is headquartered in Navi Mumbai. The company is listed on both BSE (Security Code: 541302) and NSE (Scrip Symbol: DHRUV). The regulatory disclosure was signed by Company Secretary and Compliance Officer Paresh Dange and Chief Financial Officer Akhilesh Dandawate.

SEBI Circular Requirements

The disclosure was made in compliance with SEBI circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021. This circular mandates specific disclosures from companies regarding their status under the Large Corporate framework, particularly relating to debt securities issuance and borrowing thresholds. Companies falling below the specified criteria must formally confirm their non-applicability status through such regulatory filings.