Innovision Ltd has secured a contract worth ₹7,73,79,635 from the National Highways Authority of India (NHAI) for user fee collection and facility maintenance. The order, awarded through competitive bidding, designates the company as the user fee agency for the Pileru to Puthalapattu section of NH-40 in Andhra Pradesh. This engagement is expected to bolster the company's revenue stream in the infrastructure operations sector.

The contract scope includes the collection of user fees for a two-lane section with paved shoulders, stretching from Km 300.193 to Km 337.693. Additionally, Innovision Limited is responsible for the upkeep and maintenance of adjacent toilet blocks, including the recouping of consumable items. The project falls under the domestic category and was awarded under tender ID NHA1/13013/547/CO/26-27/CB/Thenpalli FP/E-126390/B1/R-558.

Contract Details

The agreement stipulates a defined execution period and commercial terms. The project is scheduled to commence on August 15, 2026, at 8:00 AM, and will remain valid for one year from that date.

The filing confirms that there are no interests held by the promoter, promoter group, or group companies in the entity awarding the order. Furthermore, the transaction does not qualify as a related party transaction. The Letter of Award was granted on June 22, 2026, and was received by the company on June 23, 2026.

Innovision Limited has scheduled an Extraordinary General Meeting (EGM) on July 8, 2026, to seek shareholder approval for the appointment of Aditya Jha as a Non-Executive and Independent Director. The meeting, to be held through Two-way Video Conferencing and Other Audio Visual Means, aims to regularise Jha's position, who was initially appointed as an Additional Director effective April 10, 2026, for a five-year term ending April 9, 2031. The approval is subject to the regulatory provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board confirmed that Aditya Jha satisfies the criteria of independence and is not related to any other Director of the company. Jha brings over 25 years of experience across corporate leadership, strategic business development, Fintech, Financial Management, energy tech, and the Indian Army. He has held senior leadership roles including Global Commercial Manager at Schneider Electric and Senior Vice President at SysArc Infomatix.

EGM and E-Voting Schedule

The company has appointed National Securities Depository Limited (NSDL) to facilitate remote e-voting. Members holding shares in physical or dematerialized form as on the cut-off date of July 1, 2026, are entitled to vote. The remote e-voting facility will be available from 9:30 a.m. IST on July 5, 2026, until 5:00 p.m. IST on July 7, 2026. Members who have cast their vote remotely may attend the EGM but cannot vote again on the same resolutions.

Key Details of the Appointment