Innovators Facade Systems has secured a significant contract worth ₹76.82 crore from Lodha Developers Limited for facade works at the Lodha Worli Sea Face project in Mumbai. The company disclosed this material development through a regulatory filing under SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015, highlighting the substantial addition to its order book.

Contract Specifications

The Letter of Award covers the design, supply and installation of facade works for the Lodha Worli Sea Face Project, including both tower and clubhouse components. The project is located in Mumbai's premium Worli area, known for its high-end residential developments and strategic location.

Execution Timeline

According to the regulatory filing, the estimated completion period for the project is 2 years as per the Letter of Award. However, the company has noted that the contract execution period may be revised or extended during the course of actual project execution, providing flexibility for project delivery.

Regulatory Compliance

The company has confirmed that this transaction does not involve any promoter or group company interests, and it does not fall within the definition of a related party transaction under the Companies Act, 2013. This ensures complete transparency and arms-length nature of the business deal.

Strategic Impact

This order represents a significant milestone for Innovators Facade Systems, particularly given the prestigious nature of the Lodha Worli Sea Face development. The contract demonstrates the company's capability to secure high-value projects from leading real estate developers and strengthens its position in Mumbai's premium construction segment. The 2-year execution timeline provides revenue visibility and supports the company's growth trajectory in the facade systems market.

Innovators facade systems Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company filed the mandatory certificate under Regulation 74(5) of SEBI regulations on April 13, 2026, confirming that all details of securities dematerialized during the quarter have been properly furnished to BSE Limited. Company Secretary and Compliance Officer Nitin Kore signed the submission, ensuring adherence to prescribed regulatory timelines.

Registrar Confirmation

MUFG Intime India Private Limited, serving as the company's registrar and share transfer agent, provided confirmation of compliance through a letter dated April 3, 2026. The registrar verified that all securities received from depository participants for dematerialization during the quarter were properly processed within prescribed timelines.

Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime, confirmed that:

• Securities received for dematerialization were confirmed or rejected to depositories
• Security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners
• All processes adhered to prescribed regulatory timelines

Corporate Governance

The filing demonstrates Innovators Facade Systems' commitment to maintaining regulatory compliance and transparent corporate governance practices. The company's proactive approach to regulatory submissions ensures continued adherence to SEBI guidelines for listed entities.

The certificate submission forms part of the company's regular quarterly compliance obligations, maintaining its good standing with regulatory authorities and stock exchanges where its securities are traded.