RKEC Projects Ltd has confirmed that no encumbrance has been created on its shares during the financial year ending 31 March 2026. The disclosure, submitted by promoter Garapati Radhakrishna, ensures compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This declaration is significant as it provides transparency regarding the financial standing of the company's promoters and their shareholding status.

The filing explicitly states that no other encumbrance on shares of RKEC Projects Ltd has been made directly or indirectly, other than those already disclosed to the stock exchange. The declaration was submitted on 1 April 2026 in Visakhapatnam. The disclosure covers nine individuals associated with the company's promoter and promoter group.

The following table details the entities and persons on whose behalf the declaration was submitted:

The declaration confirms that the information provided is true and correct. RKEC Projects Ltd is registered at # 10-12-1, 3rd Floor, Rednam Alcazar, Rednam Gardens, Opp. SBI Main Branch, Visakhapatnam-530 002. The company's GST number is 37AACCR9682A1Z8.

RKEC Projects Limited has announced the termination of a significant EPC contract for the construction of Passenger Jetty and Terminal Facilities at Radio Jetty near Gateway of India, Mumbai. The contract, valued at approximately Rs 186.67 crores, was terminated by the client MMB on April 21, 2026.

Contract Details and Termination

The company had initially received the work order in October 2024 for the prestigious Mumbai waterfront project. However, the contract faced multiple challenges that led to its eventual termination.

Project Challenges and Delays

RKEC Projects attributed the project delays to several factors beyond the company's control. The project encountered significant obstacles that impacted its timeline and execution:

• Multiple Public Interest Litigations (PILs)
• Special Leave Petitions (SLPs)
• Design changes during project execution
• Resultant delays from regulatory and legal challenges

Despite these external factors, the client MMB alleged delays on the company's part and proceeded with contract termination. RKEC Projects had sought Extension of Time due to circumstances beyond its control, but the request was not accommodated.

Company's Response and Legal Action

RKEC Projects has indicated its intention to pursue legal remedies to recover financial losses from the contract termination. The company plans to initiate arbitration proceedings to seek compensation for various categories of losses.

The company expressed confidence in recovering these amounts through the arbitration process, demonstrating its commitment to protecting shareholder interests despite the contract setback.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI LODR Regulations, 2015, ensuring transparency with stakeholders regarding material developments affecting the company's operations. This regulatory filing keeps investors informed about significant contract developments that could impact the company's financial performance.