HBL Engineering reports zero encumbrance by promoters as of March 31, 2026

HBL Engineering Limited has disclosed that its promoters and persons acting in concert held no encumbered shares as of March 31, 2026. The company submitted the annual disclosure to the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that none of the shares held by the promoter group were pledged, lien, or otherwise encumbered at the end of the financial year.

The disclosure covers the shareholding details of eight promoter entities, including individuals and family trusts. The Aluru Family Private Trust, represented by Trustee Kavita Prasad Aluru, holds the largest stake at 14,22,05,858 shares, representing 51.3% of the total share capital. Other key promoters include Kavita Prasad Aluru (3.53%), Mikkilineni Advay Bhagirath (1.41%), and Dr. Aluru Jagadish Prasad (0.97%).

Promoter Shareholding Details

The table below outlines the shareholding of each promoter entity as of March 31, 2026, confirming that no shares were encumbered.

Promoter Name	Shares Held	% of Total Share Capital	% of Diluted Share Capital	Encumbered Shares
Aluru Family Private Trust - Trustee Kavita Prasad Aluru	14,22,05,858	51.3	51.3	NIL
Kavita Prasad Aluru	97,88,386	3.53	3.53	NIL
Mikkilineni Advay Bhagirath	39,17,600	1.41	1.41	NIL
Dr. Aluru Jagadish Prasad	26,92,827	0.97	0.97	NIL
Mikkilineni Deeksha	20,87,187	0.75	0.75	NIL
Mikkilineni Satyanarayana Subramani Srinath	19,56,920	0.71	0.71	NIL
Uma Devi Aluru	9,50,397	0.34	0.34	NIL
Mikkilineni Family Private Trust - Trustee Kavita Prasad Aluru	2,53,134	0.09	0.09	NIL

The filing was signed by authorized signatories for each promoter entity, including G B S Naidu, Company Secretary of HBL Engineering Limited. The disclosure was submitted to the exchanges on April 07, 2026. The absence of encumbrance indicates that the promoters have not pledged their shares as collateral for loans or other financial obligations, which is generally viewed as a positive indicator of corporate governance and financial stability.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.16%	-3.04%	-3.62%	-14.23%	+33.72%	+1,687.60%

HBL Engineering has secured a Letter of Acceptance from Chittaranjan Locomotive Works (CLW) for the supply, installation, testing, and commissioning of On-board KAVACH Loco equipment (Ver.4.0). The contract is valued at ₹1,714 Crores, excluding 18% GST, reinforcing the company's role in the railway safety infrastructure segment. The order is scheduled to be completed within 12 months.

Order Details

The key particulars of the order are outlined below:

Parameter:	Details
Customer:	Chittaranjan Locomotive Works (CLW)
Order Value:	₹1,714 Crores (Excluding 18% GST)
Equipment Type:	On-board KAVACH Loco equipment (Ver.4.0)
Duration:	12 months
Nature of Entity:	Domestic

The disclosure confirms that none of the promoters are interested in the transaction, and the agreement does not fall under related party transactions.

Significance

This contract win highlights HBL Engineering's continued participation in the Kavach automatic train protection system, a priority safety initiative for Indian Railways. The deployment of Version 4.0 equipment signifies an advancement in the technology used to prevent train collisions through automatic protection mechanisms.