SRM Contractors Limited has been conferred with the prestigious 'Rashtriya Ratna Samman 2026' under the category of EPC Contractor of the Year. The company announced this significant achievement through a regulatory filing dated 28.04.2026, pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015.

Award Recognition and Ceremony

The prestigious award recognizes SRM Contractors Limited's outstanding contribution to infrastructure development and excellence in engineering, procurement, and construction (EPC) services. The recognition was presented at a grand ceremony held at Bharat Mandapam, New Delhi.

Company's Engineering Excellence

This prestigious recognition highlights SRM Contractors Limited's commitment to delivering high-quality infrastructure projects across challenging terrains. The company has demonstrated particular expertise in high-altitude and complex engineering environments, showcasing its technical capabilities and innovative approach to construction challenges.

The award acknowledges the company's consistent demonstration of technical excellence, innovation, and timely project execution. These achievements have strengthened SRM's position as a leading EPC contractor in India's infrastructure development sector.

Strategic Vision and Future Outlook

This accolade reinforces SRM Contractors Limited's vision to expand its footprint across India and globally while maintaining the highest standards of engineering excellence. The recognition serves as validation of the company's operational capabilities and commitment to quality infrastructure development.

The award announcement was signed by Arun Mathur, Company Secretary and Compliance Officer, emphasizing the formal recognition of this achievement by the company's leadership and its significance for stakeholders.

SRM Contractors Limited has received an administrative warning letter from the Securities and Exchange Board of India (SEBI) for non-compliance with related party transaction regulations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The warning, dated April 23, 2026, highlights significant regulatory violations that occurred during the financial year 2024-25.

Regulatory Violation Details

SEBI's administrative warning letter specifically addresses the company's failure to obtain prior shareholder approval for material related party transactions. The regulatory body identified transactions with two joint ventures that exceeded the prescribed materiality threshold during FY 2024-25.

Regulatory Framework and Non-Compliance

Under Regulation 23(1) of the LODR Regulations, 2015, a transaction with a related party is considered material if it exceeds rupees one thousand crore or ten per cent of the annual consolidated turnover of the listed entity as per the last audited financial statements, whichever is lower. The transactions in question surpassed this materiality threshold, thereby requiring prior shareholder approval as mandated under Regulation 23(4).

SEBI emphasized that the company's failure to obtain prior shareholder approval before entering into these material related party transactions constitutes a clear violation of Regulation 23(4) read with Regulation 23(1) of the LODR Regulations, 2015.

Official Documentation and Disclosure

The company formally disclosed the receipt of SEBI's administrative warning letter to stock exchanges on April 24, 2026, under Regulation 30 of SEBI (LODR) Regulations, 2015. The disclosure was made to both BSE Limited and National Stock Exchange of India Limited, acknowledging the regulatory non-compliance.

Subsequent Actions and SEBI's Position

While SRM Contractors Limited obtained shareholder ratification for these transactions during its Annual General Meeting held on September 29, 2025, SEBI clarified that subsequent ratification does not absolve the company of its obligation to comply with the prior approval requirement. The regulatory body stressed that the requirement under Regulation 23(4) is specifically for prior approval, which was not obtained in this case.

Company Response and Future Compliance

In its official response, SRM Contractors Limited acknowledged receipt of the administrative warning letter and committed to strengthening its internal compliance mechanisms. The company has outlined specific measures to ensure strict adherence to regulatory requirements:

• Enhanced vigilance in ensuring compliance with applicable provisions
• Strengthening internal compliance mechanisms
• Avoiding recurrence of such instances in future
• Placing the warning letter before the Board of Directors in the ensuing Board Meeting

SEBI's Advisory and Enforcement Warning

SEBI has advised the company to be more vigilant in ensuring compliance with applicable provisions and to avoid recurrence of such instances in future. The regulatory body issued a stern warning that failure to improve compliance standards could result in appropriate enforcement action being initiated in accordance with the law. The violation has been viewed seriously by SEBI, underscoring the critical importance of strict adherence to related party transaction regulations for listed entities.