Envirotech wins ₹1.92 crore order from Alufit

1 min read     Updated on 13 May 2026, 11:40 AM
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Reviewed by
Anirudha BScanX News Team
AI Summary

Envirotech Systems Limited secured a ₹1.92 crore order from Alufit International for supplying and installing Acoustic Louver Panels at the TAISEI-BKC project. The payment terms include a 20% advance and a 5% retention. The order is domestic and not a related party transaction.

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Envirotech Systems Limited has secured a domestic purchase order worth approximately ₹1,92,26,861 from Alufit International Private Limited. The order is for the supply and installation of Acoustic Louver Panels for the TAISEI-BKC project. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on May 12, 2026.

Order Details

The order involves the supply and installation of Acoustic Louver Panels, including fixing accessories and a secondary support system. The work will be executed as per the approved drawings and specifications provided by the client. The execution timeline will adhere to the schedule provided by the Project Manager and the agreed terms of the Purchase Order.

Financial Terms

The total consideration for the contract is approximately ₹1,92,26,861, inclusive of all taxes. The payment terms are structured as follows: 20% advance, 40% on delivery, 30% on installation, 5% on handover, and 5% retention.

Particulars Details
Client Name Alufit International Private Limited
Order Value ₹1,92,26,861 (Inclusive of taxes)
Nature of Order Supply & Installation of Acoustic Louver Panels
Project Name TAISEI-BKC
Origin Domestic

The company confirmed that neither the promoter group nor group companies have any interest in the entity awarding the order. Furthermore, the transaction does not fall within related party transactions.

Historical Stock Returns for Envirotech Systems

1 Day5 Days1 Month6 Months1 Year5 Years
-2.83%-5.59%-1.34%-27.59%-3.83%-7.79%

How might the successful execution of the TAISEI-BKC project position Envirotech Systems to secure larger or repeat orders from Alufit International or other players in the commercial construction segment?

What is the pipeline of upcoming infrastructure and commercial real estate projects in the BKC corridor that could drive further demand for acoustic and facade solutions from companies like Envirotech Systems?

How does Envirotech Systems' order book growth trajectory compare to peers in the acoustic and building envelope solutions space, and what does this order imply for its revenue visibility for FY2026-27?

Envirotech Systems Receives NSE In-Principle Approval to List Up to 9,39,500 Equity Shares Under ESOP 2025

2 min read     Updated on 12 May 2026, 09:29 AM
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Ashish TScanX News Team
AI Summary

Envirotech Systems Limited received in-principle approval from NSE on May 11, 2026, to list up to 9,39,500 equity shares of ₹10 face value each under its Envirotech Employee Stock Option Plan 2025. The approval, referenced as NSE/LIST/54135, is conditional upon compliance with SEBI regulations, the Companies Act, and other statutory requirements. The company is required to submit specified documentation to the Exchange following the actual allotment of shares to eligible employees. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015, by Company Secretary CS Avinash Prabhat.

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Envirotech Systems Limited has secured in-principle approval from the National Stock Exchange of India Limited (NSE) for the listing of up to 9,39,500 equity shares of face value ₹10 each, to be allotted under the Envirotech Employee Stock Option Plan 2025 ("ESOP 2025"). The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by CS Avinash Prabhat, Company Secretary and Compliance Officer, on May 11, 2026.

Key Details of the In-Principle Approval

The NSE issued its in-principle approval via reference letter NSE/LIST/54135 dated May 11, 2026. The approval covers the allotment of equity shares to employees upon the exercise of options under ESOP 2025. The following table summarises the key parameters of the approval:

Parameter: Details
Approval Reference: NSE/LIST/54135
Approval Date: May 11, 2026
Number of Shares: Up to 9,39,500 equity shares
Face Value per Share: ₹10
Plan Name: Envirotech Employee Stock Option Plan 2025
Approving Authority: National Stock Exchange of India Limited

Conditions Governing the Approval

The NSE has granted the in-principle approval subject to the fulfilment of several listing conditions. These include:

  • Notification to the Exchange as per Regulation 10(c), along with the listing application, only after allotment of securities and credit to beneficiaries' accounts or dispatch of share certificates, as applicable.
  • Receipt of all statutory and other approvals, including compliance with guidelines issued by SEBI, RBI, and MCA.
  • Compliance with all guidelines, regulations, and directions of the Exchange or any statutory authorities, as well as documentary requirements from time to time.
  • Compliance with all conditions of SEBI (LODR) Regulations, 2015, as on the date of listing.
  • Compliance with the Companies Act, 1956, Companies Act, 2013, and other applicable laws.
  • Submission of documents as specified in the enclosed annexure.

The Exchange has also reserved the right to withdraw its in-principle approval at any later stage if information submitted is found to be incomplete, incorrect, misleading, or false, or in contravention of any applicable rules, bye-laws, or regulations.

Documentation Requirements

As part of the listing process, the company is required to submit the following documents to the Exchange upon allotment:

  • Certified true copy of the statement under Regulation 10(c) as per the prescribed SEBI format.
  • NSDL/CDSL credit and/or dispatch of physical certificate confirmation by the Registrar and Transfer agent.
  • Certified true copy of the Board resolution for allotment of shares.
  • List of allottees specifying the name and number of shares allotted.
  • Details of employees granted options or shares in excess of 1% of share capital under ESOP.
  • Confirmation as to whether any Directors have been issued shares pursuant to ESOP, along with relevant details.

The in-principle approval does not constitute approval under any other Act, regulation, rule, or bye-law beyond those explicitly referenced, and Envirotech Systems has been advised to separately approach concerned departments for any additional approvals required.

Historical Stock Returns for Envirotech Systems

1 Day5 Days1 Month6 Months1 Year5 Years
-2.83%-5.59%-1.34%-27.59%-3.83%-7.79%

How might the dilution of up to 9,39,500 equity shares under ESOP 2025 impact Envirotech Systems' earnings per share and existing shareholder value over the next few years?

What timeline is Envirotech Systems likely to follow for the actual allotment and listing of ESOP shares, and what milestones could accelerate or delay the process?

Could the introduction of ESOP 2025 signal Envirotech Systems' plans for talent expansion or retention in specific business segments, and what does this imply for the company's growth strategy?

More News on Envirotech Systems

1 Year Returns:-3.83%