B L Kashyap and Sons has secured a significant contract worth ₹364.07 crore from ESNP Property Builders and Developers Pvt. Ltd. for the Embassy Splendid Tech Zone project. The company announced this major order win under Regulation 30 of SEBI (LODR) Regulations, 2015, with the Letter of Intent received on December 29, 2025.

Project Details

The contract involves comprehensive civil and structural work for the commercial project "Embassy Splendid Tech Zone-Block" located at Pallavaram, Chennai. This SEZ (Special Economic Zone) project represents a substantial addition to the company's construction portfolio.

Recent Order Wins

Earlier this month, the company also announced securing another significant order valued at ₹615.69 crore from Sattva CKC Private Ltd. This contract involves structural and civil construction works for the commercial development "Sattva Chennai Knowledge City" in Chennai, Tamil Nadu.

Strategic Impact

Both orders have been awarded by domestic clients and relate to large-scale commercial developments in Chennai. The Embassy Splendid contract represents approximately 33% of the company's current market capitalization of ₹1,094.29 crores, highlighting the substantial nature of this business development.

Market Performance

Shares of B L Kashyap and Sons Ltd ended higher by 1.59% at ₹55.50 on the NSE, reflecting positive market sentiment following the order announcements. The 24-month execution timeline for the Embassy project provides revenue visibility and strengthens the company's position in the commercial construction segment.

B L Kashyap & Sons Limited announced a credit rating upgrade from CRISIL Ratings on December 16, 2025, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The upgrade reflects improved creditworthiness across the company's banking facilities.

Rating Upgrade Details

CRISIL Ratings upgraded the company's credit ratings across its bank facilities worth ₹539.34 crores. The rating action demonstrates enhanced financial stability and improved credit profile of the construction company.

Banking Facility Breakdown

The upgraded ratings cover various banking facilities across multiple financial institutions. The company maintains banking relationships with several prominent banks for its operational and growth financing needs.

Bank Guarantee Facilities

The company maintains bank guarantee facilities across multiple banking partners, all carrying the upgraded short-term rating of CRISIL A4.

Regulatory Compliance

The rating upgrade notification was communicated to both BSE Limited and National Stock Exchange of India Limited on December 16, 2025. The CRISIL rating letter was issued on December 16, 2025 at 12:51 PM, with the company promptly fulfilling its disclosure obligations under SEBI regulations.

Pushpak Kumar, VP Company Secretary (FCS-6871), signed the regulatory filing on behalf of B L Kashyap & Sons Limited. The company maintains its commitment to transparent communication with stakeholders regarding material developments affecting its credit profile.