H.G. Infra Engineering re-appoints top executives for five years

H.G. Infra Engineering Limited has approved the re-appointment of its Managing Director and Whole-Time Director for a five-year term commencing in May 2027, subject to shareholder approval. The decision was taken by the Board of Directors at its meeting held on May 28, 2026, based on the recommendation of the Nomination and Remuneration Committee. These re-appointments require the approval of shareholders at the ensuing 24th Annual General Meeting of the Company.

The company seeks to re-appoint Mr. Harendra Singh as Managing Director and Mr. Vijendra Singh Choudhary as Whole-Time Director. Both tenures are scheduled to be effective from May 15, 2027, until May 14, 2032. Mr. Harendra Singh has over 32 years of experience in the construction industry and has been on the Board since the company's incorporation. He was initially appointed as Managing Director on May 15, 2017. He holds a Bachelor's Degree in Engineering (Civil) from Jodhpur University.

Mr. Vijendra Singh Choudhary also serves on the Board since the company's incorporation and was appointed as a Whole-time Director effective May 15, 2017. He brings more than 34 years of experience in the construction industry to the role. The disclosures confirm that neither director is debarred from holding the office of Director by SEBI or any other authority. Regarding relationships, the filing notes that except for Mr. Vijendra Singh Choudhary, no other directors are related to Mr. Harendra Singh, and vice versa.

Details of Re-appointment

Particulars	Mr. Harendra Singh	Mr. Vijendra Singh Choudhary
Designation	Managing Director	Whole-Time Director
Term	5 years	5 years
Effective Date	May 15, 2027	May 15, 2027
End Date	May 14, 2032	May 14, 2032
DIN	00402458	01688452

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.62%	-1.87%	-4.92%	-33.69%	-47.53%	+49.46%

H.G. Infra Engineering Limited has been declared the successful bidder for a major transmission contract by REC Power Development and Consultancy Limited, a wholly owned subsidiary of REC Limited. The award involves establishing an Inter-State Transmission System for the "WR-ER Inter Regional Network Expansion Scheme – Part C" in the state of Jharkhand. The project will be executed through a tariff-based competitive bidding process under a Build, Own, Operate and Transfer (BOOT) model for a duration of 35 years.

The contract stipulates annual transmission charges of Rs. 1145.34 Million. H.G. Infra Engineering Limited is required to execute the order within 30 months. The disclosure was made to the exchanges pursuant to Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

REC Power Development and Consultancy Limited confirmed that the order was awarded by a domestic entity. The filing further clarified that the promoter, promoter group, or group companies do not hold any interest in the entity awarding the contract. Additionally, the transaction does not fall within related party transactions.

Contract Details

The key parameters of the awarded contract are summarised below:

Particulars	Details
Name of Entity Awarding Contract	REC Power Development and Consultancy Limited
Nature of Contract	Build, Own, Operate and Transfer (BOOT)
Project Location	Jharkhand
Duration	35 years
Execution Period	30 months
Annual Transmission Charges	Rs. 1145.34 Million