Innovision Limited has secured a Letter of Award (LoA) worth ₹205.20 crore from the National Highways Authority of India (NHAI) to operate as a user fee agency. The order, granted on July 13, 2026, entails the engagement of Innovision for toll collection and facility maintenance at the Kishangarh toll plaza located in the state of Rajasthan. This one-year contract was awarded through competitive bidding via e-tender, specifically under tender ID NHAI/13013/547/CO/26-27/CB/Kishangarh Fee Plaza/E197601/R-1736. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details

The scope of work includes managing the fee plaza and the upkeep of adjacent toilet blocks, including the recouping of consumable items. The project is strictly domestic in nature, with no interests reported from the promoter group or group companies in the awarding entity. The agreement is not classified as a related party transaction and was conducted at arm's length.

Financial and Operational Scope

The total commercial consideration for the contract stands at ₹205,20,29,635. The following table summarizes the key particulars of the order:

Innovision Limited has regularised the appointment of Mr. Aditya Jha as a Non-Executive Independent Director for a term of five years effective April 10, 2026. The appointment was approved by shareholders at an Extraordinary General Meeting (EGM) held on July 8, 2026. Mr. Jha is not liable to retire by rotation.

The Board appointed Mr. Aditya Jha (DIN: 01962674) as an Additional Non-Executive Independent Director on April 10, 2026. The regularisation was formalised through a special resolution passed at the EGM, which was conducted via video conferencing. The company confirmed that Mr. Jha has not been debarred from holding the office of director by the Securities and Exchange Board of India (SEBI) or any other authority, in accordance with BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated June 20, 2018.

Mr. Jha brings over 25 years of experience in corporate leadership, strategic business development, and financial management. His expertise spans Fintech, technology-driven enterprises, consulting, and project management. The Board opined that his extensive experience in governance and strategic growth initiatives will be of immense value to the company.

Appointment Details

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Jyoti Sachdeva, Company Secretary & Compliance Officer, signed the disclosure on behalf of Innovision Limited.