Srinibas Pradhan Constructions Limited has informed the exchanges that its wholly owned subsidiary, Srinibas Pradhan Infra Private Limited, has secured a purchase order from NTPC Limited. The order pertains to civil construction work for a connecting road leading to the proposed labour and material entry gate for the Darlipali Super Thermal Power Project (DSTPP) Stage-II.

Order Details

The project has been awarded by a domestic entity, NTPC Limited, and falls outside the scope of related party transactions. The subsidiary confirmed that the promoter, promoter group, or other group companies hold no interest in the entity awarding the order. The contract is governed by the terms and conditions stipulated in the purchase order and the Notice Inviting Tender (NIT) issued by NTPC Limited.

Financial and Operational Scope

The broad consideration for the contract is approximately INR 8.22 Crores. The execution of the order is strictly time-bound, with the project scheduled to commence on May 21, 2026, and conclude by November 20, 2026.

The disclosure was made to the National Stock Exchange of India Limited on May 16, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Srinibas Pradhan Constructions Limited has formally disclosed to the National Stock Exchange of India that its promoters have not created any encumbrance on their holdings during the financial year ended March 31, 2026. This confirmation was provided in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

The disclosure, submitted on April 3, 2026, was signed by Srinibas Pradhan on behalf of himself and other promoters of the company. It explicitly states that neither the promoters nor persons acting in concert have made any encumbrance, directly or indirectly, other than those that had already been disclosed to the stock exchange.

Regulatory Filing Details

The communication was addressed to the Listing and Compliance Department of the National Stock Exchange. The letter serves as a formal declaration required under the takeover regulations to ensure transparency regarding the holding status of the company's promoters.

The company requested the exchange to take the information on record and acknowledge receipt of the same. Copies of the disclosure were marked to the Company Secretary and Compliance Officer, Surbhi Agrawal, and Ayushi Sharma, the Chairperson of the Audit Committee.