Power Mech Projects has announced a major contract win, securing a ₹296 crore order from Maha Mumbai Metro Operation Corporation Limited (MMMOCL) for operations and maintenance services of Mumbai's monorail system. The comprehensive five-year agreement marks a significant milestone for the infrastructure services company's strategic entry into the urban transportation sector.

Contract Specifications

The substantial order encompasses complete operations and maintenance services for Mumbai's 19.54 km monorail corridor, which features 17 stations connecting Sant Gadge Maharaj Chowk to Chembur. This comprehensive scope demonstrates Power Mech Projects' expertise in managing critical urban transportation infrastructure across extensive networks. The Mumbai Monorail, operational since 2014, represents India's only straddle monorail system.

Strategic Significance and Management Commentary

Mr. Sajja Kishore Babu, Chairman and Managing Director, expressed his satisfaction with the award, stating that this contract signifies Power Mech Projects' entry into the urban mobility sector and reinforces the company's position as a prominent operations and maintenance provider in India's rapidly expanding infrastructure sectors. The project creates strategic synergy between the company's core industrial operations and maintenance competencies and the specialized demands of urban transit.

Service Excellence and Technical Capabilities

Under this contract, Power Mech Projects will undertake comprehensive operations and maintenance services, including operating new advanced rolling stock and the upgraded Communication Based Train Control (CBTC) signaling system. The company's extensive experience in power plant operations and maintenance positions it well to deliver qualified personnel and maintain the highest standards of services across the Mumbai Monorail network.

Corporate Compliance and Business Development

The company has fulfilled its regulatory obligations by informing both the National Stock Exchange of India Limited and BSE Limited about this significant order win. The disclosure confirms that no promoter or group companies have any interest in the awarding entity, and the contract does not fall within related party transactions, ensuring transparent business practices. This award reflects confidence in Power Mech Projects' technical expertise, execution discipline, and safety-first culture in managing 24x7 urban transit operations.

Power Mech Projects Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026, fulfilling mandatory regulatory requirements under SEBI regulations.

Regulatory Compliance Filing

The company submitted its certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 to both the National Stock Exchange of India Limited and BSE Limited on April 4, 2026. The filing was signed by M. Raghavendra Prasad, Company Secretary and Compliance Officer.

Certificate Confirmation

Venture Capital and Corporate Investments Private Limited, serving as the company's Registrar and Transfer Agent, issued the compliance certificate dated April 3, 2026. The certificate confirms that:

• Securities received for dematerialization have been properly mutilated and cancelled after verification
• Depository names have been updated in company records as registered owners
• Updates were completed within the mandated 15-day period upon receipt of valid DRF and share certificates
• Security details have been furnished to relevant stock exchanges

Depository Services

The certificate specifically mentions compliance with both major depositories in India:

Company Information

Power Mech Projects Limited operates from its registered and corporate office located at Plot No. 77, Jubilee Enclave, opposite Hitex, Madhapur, Hyderabad-500081, Telangana. The company holds multiple certifications including ISO 9001, ISO 14001, and OHSAS 18001, demonstrating its commitment to quality, environmental, and occupational health and safety standards.

This quarterly filing represents routine regulatory compliance, ensuring transparency in the company's securities handling and depository operations as required under SEBI regulations.