Sattva Engineering Construction Limited has secured a significant infrastructure contract from the Bangalore Water Supply and Sewerage Board (BWSSB), receiving the Letter of Acceptance of Tender (LOA) on May 13, 2026. The contract, valued at Rs 47,76,29,000 (Rupees Forty-Seven Crore Seventy-Six Lakhs and Twenty-Nine Thousand Only), excludes GST at 18%. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Overview

The awarded contract pertains to the "Design, Construction, Commissioning of 10 MLD STP based on SBR with BNR, Tertiary Treatment and Odour Control Units at Basavanapura including 7 years Operation and Maintenance (Turnkey Contract) – Call-2". The LOA was received by hand at 5:47 p.m. on May 13, 2026, referencing IFT No. BWSSB/CE(UWP)/DCE(WWM-E&W)/TA-1/310/2025-26, dated 12.01.2026.

Key Contract Details

The following table summarises the key parameters of the contract as disclosed under Annexure A:

Project Scope

The project encompasses the complete design, construction, and commissioning of a 10 MLD Sewage Treatment Plant (STP) utilising the Sequencing Batch Reactor (SBR) technology with Biological Nutrient Removal (BNR), Tertiary Treatment, and odour control units at Basavanapura. Upon completion of the construction and commissioning phase, which is scheduled over 30 months, the company will also undertake Operation and Maintenance of the facility for a period of 7 years under the Turnkey contract arrangement.

Disclosure and Compliance

The disclosure was made in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/P/0155 dated November 11, 2024, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/P/2024/185 dated December 31, 2024. The contract has been classified as a domestic order, and neither the promoter/promoter group nor any group companies hold any interest in the awarding entity, BWSSB. The transaction does not fall within the purview of related party transactions.

The promoters and promoter group of Sattva Engineering Construction Limited have filed a statutory declaration under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming that no encumbrance—direct or indirect—was created on any of their equity shares during the financial year ended March 31, 2026. The declaration, dated April 3, 2026, was submitted to NSE Limited and addressed to the Members of the Audit Committee of the company. The filing was made on behalf of all promoters and promoter group entities as defined under Regulation 2(1)(q) of the said Regulations.

Key Declarations Made

The declaration covers two specific affirmations made by the promoters and promoter group:

• No encumbrance, direct or indirect, was created on any equity shares of Sattva Engineering Construction Limited held by the promoter and promoter group at any time during the financial year ended March 31, 2026.
• No encumbrance of any nature whatsoever exists on the equity shares held by the promoter and promoter group, either directly or indirectly, as on the date of the declaration, i.e., April 3, 2026.

The declaration was signed by Santhanam Seshadri and Rajagopal Sekar, both identified as Promoters of the company, from Chennai.

Promoter and Promoter Group Composition

The filing includes a comprehensive list of 38 individuals and entities forming the promoter and promoter group of Sattva Engineering Construction Limited as on March 31, 2026. The table below details the complete composition:

Regulatory Context

This declaration is a mandatory annual compliance requirement under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Promoters of listed companies are required to submit such declarations to the stock exchanges confirming the encumbrance status of their shareholding. The filing was placed before NSE Limited and the Audit Committee of Sattva Engineering Construction Limited for their records.