Innovision Limited has received a Letter of Award from the National Highways Authority of India (NHAI) for a user fee collection agency engagement valued at ₹31.09 crore. The contract covers operations at Vembukudi fee plaza located at Km 152.000 of Cholapuram-Thanjavur Section on NH-45C in Tamil Nadu.

Contract Specifications

The NHAI awarded the contract under tender ID NHAI/13013/547/CO/26-27/CB/Vembukudi FP/266225/B1/W/349, with the Letter of Award granted on April 21, 2026. The comprehensive engagement encompasses both toll collection services and facility maintenance operations.

Service Scope and Operations

The contract establishes Innovision as the user fee collection agency for the Vembukudi fee plaza, which serves the Cholapuram-Thanjavur section spanning from Km 116.440 to Km 164.275 of NH-45C. Beyond toll collection operations, the scope includes upkeep and maintenance of adjacent toilet blocks, including replenishing consumable items.

Commercial Terms

The total contract value stands at ₹31,09,79,635 (Rupees Thirty One Crores Nine Lakhs Seventy Nine Thousand Six Hundred and Thirty Five). This domestic contract represents a significant addition to Innovision's infrastructure services portfolio and demonstrates the company's capabilities in highway operations management.

Regulatory Compliance

Innovision disclosed the contract award under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no promoter or group companies have any interest in NHAI, and the contract does not constitute a related party transaction. The one-year operational period commences from June 6, 2026, at 08:00 AM.

Innovision Limited has informed the stock exchanges that it has received a work order from Chhattisgarh State Marketing Corporation Limited for providing manpower hiring services. The intimation was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026. The order was granted on March 30, 2026, and involves the supply of manpower to the buyer's premises or any other premises approved by the buyer.

Key Contract Details

The work order awarded to Innovision Limited encompasses several significant terms and conditions. The contract has been classified as a domestic transaction, with the services to be provided within India. The nature of the order is specifically for manpower hiring services, with the work order remaining valid until the completion of the scope of services or the end of the contractual duration, whichever occurs earlier, unless mutually extended by both parties.

Litigation Disclosure

Pursuant to regulatory requirements, Innovision Limited disclosed the pendency of litigation related to this work order. Prime Work Force Private Limited has filed a petition in the Hon'ble High Court of Chhattisgarh at Bilaspur challenging the work order dated March 30, 2026. The petition specifically challenges the order issued by Chhattisgarh State Marketing Corporation Limited to Innovision Limited for the supply of manpower to Zone-6.

Based on the company's assessment, prevailing laws, and advice from legal counsel, Innovision stated that the outcome of such litigation is not reasonably expected to have any material financial impact on the company. There are no adverse financial implications expected due to compensation, penalty, or any other claims arising from this dispute.

Company Information

Innovision Limited is registered with multiple certifications including ISO 9001:2008, ISO/IEC 27001:2005, ISO 14001:2015, and OHSAS 18001:2007. The company's corporate office is located at Plot No 251, 1st Floor, Udyog Vihar, Phase 4, Gurugram-122015, Haryana, while its registered office is situated at 1/209, First Floor Sadar Bazar, Delhi Cantt, Delhi-110010. The disclosure was signed by Jyoti Sachdeva, Company Secretary & Compliance Officer of Innovision Limited.