Innovators Facade Systems Limited has secured a significant work order from Reliance Industries Limited for facade works at a prominent Mumbai project. The order, valued at INR 84.84 Crores (excluding taxes), covers the design, supply, and installation of facade works at the Anant Vilas Project located in BKC, Mumbai. The company, with a market capitalisation of ₹320 Crores, disclosed this development pursuant to SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, as part of its materiality disclosure policy.

Order Details

The client confirmed the order through email communication dated 4th May 2026. The formal work order, which will detail all terms and conditions of the contract, is currently in the process of being finalized and will be executed and signed in due course. The key parameters of the work order are outlined below:

Scope and Execution

The work order encompasses the complete design, supply, and installation of facade works for the Anant Vilas Project at BKC, Mumbai. The estimated completion period is 1 year from the date of the work order, as specified in the client's tender document. It is noted that the contract execution period is an estimated timeline and may be revised or extended during the course of actual project execution.

The company confirmed that the transaction does not fall within the definition of a related party transaction as specified under the provisions of the Companies Act, 2013, and that no promoter, promoter group, or group company has any interest in Reliance Industries Limited. This disclosure was made by Nitin Kore, Company Secretary & Compliance Officer of Innovators Facade Systems Limited, on 5th May 2026, from Thane.

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.