Univastu India secures ₹601.46 crore variation order for Mumbai Metro

Univastu India has received a variation order from IRCON International for the Mumbai Metro Rail Project, revising the total contract value to ₹601.46 crore. This update excludes GST and customs duty and underscores the company's continued role in the Line 6 corridor connecting Swami Samarth Nagar to Vikhroli (EEH).

Order Details

The variation order, dated May 27, 2026, modifies the original work order from February 24, 2026. The revised contract value aggregates the original amount and the new variation cost.

Description	INR	Euro
Original Contract Value	485,67,40,122.15	2,679,469.73
Value of Variation Order	115,79,04,589.17	0.00
Total Revised Contract Value	601,46,44,711.32	2,679,469.73

Project Scope and Timeline

The project encompasses the design, manufacture, supply, installation, integration, testing, and commissioning of power supply & traction, electrical & mechanical (E&M) works, lifts, and escalators. The scope includes a defect liability maintenance period of two years followed by five years of comprehensive maintenance. The execution timeline follows a design-build period of 104 weeks as per the original Letter of Award (LOA).

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.36%	+11.99%	+12.78%	+15.90%	+5.73%	+516.98%

Univastu India Limited has submitted its annual disclosure to the National Stock Exchange of India Limited, confirming that no encumbrance was created on promoter and promoter group shareholding during the financial year 2025-26. The disclosure was filed on 3rd April, 2026, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Promoter Disclosure Under SAST Regulations

Mr. Pradeep Khandagale, Promoter and Managing Director of Univastu India Limited, has formally informed the exchange that he, individually or along with any member of the Promoter and Promoter Group, has not made any encumbrance — directly or indirectly — on any shares held in the company during the financial year 2025-26. The disclosure covers the entire promoter and promoter group aggregate holding in the company.

The key details of the disclosure are summarised below:

Parameter:	Details
Disclosure Type:	Annual Disclosure under Regulation 31(4) of SAST Regulations, 2011
Disclosing Party:	Mr. Pradeep Khandagale, Promoter & Managing Director
Aggregate Shares Held:	2,42,75,436 Equity Shares
Percentage of Total Share Capital:	67.46%
Encumbrance Created:	Nil
Financial Year:	2025-26
Date of Filing:	3rd April, 2026
Exchange Filed With:	National Stock Exchange of India Limited

Regulatory Compliance

The disclosure was filed by Sakshi Tiwari, Company Secretary and Compliance Officer (Membership No: ACS 67056), on behalf of Univastu India Limited. The filing reaffirms the company's adherence to SEBI's regulatory framework governing substantial acquisition of shares and takeovers. Regulation 31(4) of the SAST Regulations, 2011, mandates that every promoter of a listed company disclose on an annual basis whether any encumbrance has been created on shares held by the promoter or promoter group during the relevant financial year.

Univastu India Limited is a Pune-based company incorporated under CIN L45200PN2009PLC133864, and holds certifications under ISO 9001:2015, 14001:2015, and OHSAS 18001:2007.