HBL Engineering has secured a new order worth Rs 24 crores from Integral Coach Factory (ICF), Chennai for the supply, installation, testing, and commissioning of On-board KAVACH Loco equipment (Ver.4.0). The contract value excludes 18% GST and is scheduled for completion on or before March 31, 2028. The order was disclosed to the exchanges under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The order is categorised as a domestic transaction and does not involve any interest from the promoters, promoter group, or group companies. The company confirmed that the transaction does not fall under the category of related party transactions. The disclosure was made in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/P/0155 dated November 11, 2024, read with a subsequent circular dated December 31, 2024.

Order Details

The following table outlines the key particulars of the order as disclosed:

The KAVACH system is an automatic train protection system designed to enhance safety on the rail network. This order reinforces HBL Engineering's engagement with the railway sector for safety-critical equipment.

HBL Engineering Ltd has appointed Mrs. Kavita Prasad Aluru as Executive Director for a term of five years effective July 01, 2026. The decision, taken by the Board of Directors, elevates her from the role of Non-Executive Director and is subject to the approval of the shareholders.

The appointment was based on the recommendation of the Nomination and Remuneration Committee. Mrs. Aluru has been associated with the company for over two decades and has served on the Board since 2000. Her previous experience includes serving as Executive Director, where she was involved in the day-to-day management of the company.

Mrs. Kavita Prasad Aluru brings extensive experience in exports, finance, banking, treasury, corporate governance, strategic planning, and business operations. The company stated that her deep understanding of the business makes her well suited to lead the executive functions.

The disclosure regarding the change in role was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 03:00 pm and concluded at 04:45 pm on July 01, 2026.

Key Details of Appointment

Mrs. Kavita Prasad Aluru is the daughter of Dr. A J Prasad, Chairman and Managing Director of the company. She is the spouse of Mr. MSS Srinath and the mother of Ms. Deeksha Mikkilineni. The company confirmed that she is not debarred from holding the office of Director by SEBI or any other authority.