DMR Engineering Limited has announced the receipt of a substantial work order worth Rs 1.25 crore for engineering consultancy services related to a hydroelectric project in Uttarakhand. The company disclosed this development in compliance with SEBI regulations, highlighting its continued growth in the renewable energy sector.

Project Details and Scope

The work order has been awarded by Him Urja Private Limited for the Sainachatti Kuthnaur Hydroelectric Project, a 24 MW capacity facility located in Uttarakhand. The contract encompasses preparation of Detailed Project Report (DPR) and providing comprehensive Design and Engineering Consultancy Services for the hydroelectric project.

Financial Implications

The primary contract is valued at Rs 1,25,00,000 (Rupees One Crore Twenty-Five Lakh only), exclusive of applicable GST. Additionally, the scope includes optional services relating to Hydro-Mechanical and Electro-Mechanical works, which aggregate to Rs 40,00,000 (Rupees Forty Lakh only).

Contract Structure and Timeline

The engineering consultancy contract is structured as a domestic engagement with a 24-month execution timeline. The nature of work falls under Engineering Consultancy Services, focusing on detailed project planning and design aspects of the hydroelectric facility. The company confirmed that this contract does not involve any related party transactions and maintains arm's length pricing.

Regulatory Compliance

DMR Engineering Limited has disclosed this information in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that neither the promoter group nor group companies have any interest in Him Urja Private Limited, the entity awarding the contract.

This work order represents a significant addition to DMR Engineering's project portfolio in the renewable energy sector, particularly in hydroelectric power generation consulting services.

Source: None/Company/INE07L501010/6802b0ec-4015-4a90-ae45-73d3666ac7fd.pdf

DMR Engineering Limited's Board of Directors held a strategic meeting on February 28, 2026, approving key business expansion initiatives and leadership appointments that position the company for growth in emerging sectors. The board session commenced at 5:00 p.m. IST and concluded at 5:58 p.m. IST, addressing critical matters requiring regulatory compliance under SEBI regulations.

Business Expansion Through Amended Objects Clause

The board approved comprehensive amendments to the company's Main Objects Clause, subject to shareholder approval in the upcoming general meeting. These strategic additions will enable DMR Engineering to diversify its service portfolio across multiple high-growth sectors.

The amendments require consequential changes to the Memorandum of Association and approval from shareholders in the ensuing general meeting, along with other statutory authorities as may be required.

Leadership Enhancement with Industry Veteran

The board appointed Mr. Man Mohan Madan (DIN: 03244335) as additional director in the capacity of Non-executive Director with immediate effect from February 28, 2026. His appointment includes a two-year term, pending shareholder approval at the ensuing general meeting.

Extensive Professional Background

Mr. Madan brings approximately 50 years of national and international experience spanning hydropower, dams, hydro tunnels, highway, and metro rail tunnels. His educational credentials include a B.Tech in Civil Engineering from G B Pant University of Agriculture & Technology, Pantnagar, along with PGDHRM and MBA from IGNOU.

His career trajectory encompasses significant roles across public and private sectors, starting in 1976 with MN Dastur & Co and NHPC, where he rose to Regional Executive Director. His private sector leadership includes CEO (Hydro) at LNJ Bhilwara Group, Director (Hydro) at GVK Infra Group, and President and CEO at Jindal Power Limited for 6000 MW hydro projects.

Professional Recognition and Expertise

Mr. Madan holds fellowship memberships in prestigious institutions including the Indian National Academy of Engineering (FINAE), Institution of Engineers India (FIE), and Institution of Valuers (FIV). His specialization encompasses tunnel execution using DBM, NATM, NTM, and TBM technologies, along with construction of various dam types and diaphragm walls.

Regulatory Compliance and Next Steps

The company has fulfilled disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board confirmed that Mr. Madan maintains no relationships with existing directors and faces no debarment from holding directorial positions by SEBI or other authorities. Both the business expansion initiatives and directorial appointment await shareholder approval at the company's upcoming general meeting.