Innovision Limited has secured a Letter of Award from the National Highways Authority of India (NHAI) for a toll collection and facility maintenance contract worth ₹24.89 crore. The agreement, awarded through competitive bidding, designates the company as the user fee collection agency for a specific section of the National Highway network. This contract is expected to contribute to the company's revenue stream over the next fiscal year.

The project scope encompasses the engagement of Innovision Limited as the user fee agency at Km 18.500 of the Viluppuram to Puducherry Section, spanning from Km 0.000 to Km 29.000 of NH-45-A (NH-332). This location falls within the state of Tamil Nadu and the Union Territory of Puducherry. Additionally, the contract includes the upkeep and maintenance of adjacent toilet blocks, which involves the recouping of consumable items.

Contract Details

The award was granted under tender ID NHAI/13013/547/CO/26-7/CB/Gangarampalayam_FP/E261452/B-1R/442. The order was officially granted on May 22, 2026, and was received by the company on May 25, 2026. The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company confirmed that the order has been awarded by a domestic entity. Furthermore, Innovision stated that neither the promoter group nor group companies hold any interest in the entity awarding the contract. The transaction does not fall within related party transactions, ensuring it was conducted at arm’s length.

Innovision Limited has rescheduled its board meeting to approve the audited financial results for the quarter and financial year ended March 31, 2026. The meeting, originally set for May 25, 2026, will now take place on May 28, 2026, due to unavoidable circumstances.

The board will consider the audited standalone and consolidated financial results during the rescheduled meeting. This decision was communicated to the stock exchanges in compliance with Regulation 30 and Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In conjunction with the postponement, the company announced that the trading window closure intimated earlier remains in effect. The window will continue to be closed until 48 hours after the declaration of the financial results following the rescheduled board meeting.