Equippp Social Impact Technologies has approved a Memorandum of Understanding (MoU) with the Telangana State Legislature Secretariat to build, operate, and transfer 119 Constituency Development & Sustainability Bridge Foundations. This strategic move, approved by the Board on July 20, 2026, aims to generate standalone IP revenue through the company's proprietary "Concept-to-Commissioning" approach involving Public-Private Partnerships. The initiative allows the company to replicate a proven institutional model at scale, leveraging technology platforms and programme management capabilities to create recurring revenue streams without cost to the government.

To oversee the execution of this pilot project and future Constituency Development Exchange (CDX) opportunities, the Board sanctioned the establishment of a dedicated Project Management Office (PMO). The PMO will be responsible for planning, coordinating, implementing, supervising, monitoring, and reviewing the execution of the pilot while creating a scalable framework for implementation. This structure is designed to ensure effective monitoring and review of the project's progress.

Concurrently, the Board appointed Mr. Vegendla Srinivasa Rao as an Additional Director (Non-Executive, Non-Independent) of the company effective July 20, 2026. He will hold office until the conclusion of the ensuing Annual General Meeting. The Board further authorised Mr. Rao to lead the PMO as an Advisor or Interim Officer, tasking him with developing the structure and business model for the pilot project.

Key Appointments and Approvals

The following details outline the recent Board decisions and the profile of the newly appointed director:

Mr. Vegendla Srinivasa Rao brings extensive experience from the information technology industry, having held roles at Tata Consultancy Services (TCS), Infosys, iGATE, and Satyam Computers. His background includes technology, business transformation, and consulting engagements for clients globally. The appointment is subject to regulatory compliance, with no material relationships disclosed that require reporting under SEBI regulations.

Equippp Social Impact Technologies Limited has executed a Memorandum of Understanding (MoU) with Telangana Academy for Skill and Knowledge (TASK), Department of ITE&C, Government of Telangana, to establish a collaborative framework for the EQUIPPP Fellows Program. This first-of-its-kind initiative is designed to formally develop field-ready professionals equipped with domain knowledge and cutting-edge technology skills. The strategic partnership aims to supply talent to Governments, CSR agencies, non-profits, and social enterprises.

The agreement outlines specific operational terms for the program. TASK will function as the finishing-school partner, creating, training, and supplying resources exclusively for Equippp Social Impact Technologies . The program features a hybrid learning model where fellows are deployed into the field for hands-on experience while simultaneously continuing formal training modules.

The training and field deployment program will have a duration ranging from 6 months to 1 year. During this period, participants will be designated as “Fellows” and provided with a stipend. Upon successful completion of the program, the fellows are set to be absorbed into full-time roles within the organization.

The selection process involves TASK conducting an initial aptitude test based on a customized curriculum provided by Equippp. Following targeted training, the selected candidates will be officially handed over to the company. The disclosure was made to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The agreement confirms that TASK is not related to the promoter or promoter group of Equippp Social Impact Technologies Limited. Furthermore, the transaction does not qualify as a related party transaction. The financial size of the agreement was stated as not applicable in the regulatory filing.

Key Agreement Details

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE217G01035/8b3be2f9-61c8-4c83-8b85-ea5ad0c19c08.pdf