Ecoboard Industries Limited has announced the receipt of a substantial work order worth Rs. 495 lakhs from Betul Biofuel Private Limited for a Compressed Bio Gas (CBG) plant project. The agreement was signed on 02nd April, 2026, marking a significant milestone for the company in the renewable energy sector.

Project Details and Scope

The comprehensive order encompasses engineering, procurement, manufacture, fabrication, supply, transportation, erection and commissioning of a 6 TPD (Tonnes Per Day) CBG plant. This turnkey project demonstrates Ecoboard Industries' capabilities in delivering complete bio-fuel infrastructure solutions.

Contract Terms and Timeline

The project is scheduled for completion within 5 months from the date of Letter of Intent, with an additional grace period of 15 days. This timeline reflects the comprehensive nature of the project, which includes multiple phases from engineering design to final commissioning of the CBG plant.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement confirms that this is a domestic order with no related party transactions involved, and neither the promoter group nor group companies have any interest in the awarding entity.

Business Significance

This order represents a strategic addition to Ecoboard Industries' project portfolio in the bio-fuel sector. The CBG plant project aligns with India's renewable energy initiatives and demonstrates the company's expertise in sustainable energy infrastructure development. The substantial order value of Rs. 495 lakhs is expected to contribute positively to the company's revenue stream over the execution period.

Ecoboard Industries Limited has secured new banking facilities worth ₹15 crore from Indian Overseas Bank, marking a significant step in restructuring its financial arrangements. The company entered into a loan agreement with the lender on March 30, 2026, as disclosed under Regulation 30 of SEBI Listing Regulations.

Banking Facility Details

The new arrangement with Indian Overseas Bank encompasses two key components designed to support the company's operational requirements:

The facilities are specifically intended to provide working capital and business operational funding to support the company's ongoing activities and growth initiatives.

Security and Collateral Arrangements

The banking facilities are secured through comprehensive security arrangements with Indian Overseas Bank. The prime security includes a registered mortgage of company land located at Village Velapur, Taluka Malshiras, District Solapur, with detailed specifications as outlined in the sanction letter.

For collateral security, the cash credit facility is backed by hypothecation of stock and book debts, along with an exclusive first charge on the entire current assets of the company, both present and future. The bank guarantee facility is secured through counter indemnity of the company and extension of first charge on current assets.

Closure of Existing Banking Facilities

Concurrently with the new facility arrangement, Ecoboard Industries has completed the closure of its existing banking relationship with Union Bank of India. The company successfully repaid and closed all outstanding facilities as of March 27, 2026:

This strategic move consolidates the company's banking relationships while securing enhanced facility limits to support business operations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full transparency with stakeholders. The agreement does not involve any related party transactions, and Indian Overseas Bank has no shareholding in Ecoboard Industries Limited. The transaction represents an arm's length commercial arrangement focused on supporting the company's working capital requirements and operational funding needs.