Bondada Engineering Limited has disclosed another share acquisition by its promoter Dr. Bondada Raghavendra Rao through open market purchase. The company filed the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with BSE Limited on February 16, 2026.

Latest Share Acquisition Details

Dr. Bondada Raghavendra Rao purchased 2,200 equity shares through open market transactions on February 13, 2026. This represents the latest in a series of acquisitions by the promoter to increase his stake in the company.

Updated Shareholding Pattern

Following this latest acquisition, Dr. Raghavendra Rao's total holding increased from 5,02,59,800 shares to 5,02,62,000 shares. This continues the gradual increase in his shareholding percentage in the company.

Company Capital Structure

Bondada Engineering Limited's equity share capital remains unchanged at Rs. 22,31,86,970, divided into 11,15,93,485 equity shares of Rs. 2 each. The company's shares continue to be listed on BSE Limited.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisition of shares and takeovers. Dr. Bondada Raghavendra Rao maintains his status as a promoter of the company with no persons acting in concert with him for this acquisition. The transaction involved no encumbrances, voting rights other than equity shares, or convertible securities.

Bondada engineering Limited has secured a significant milestone in its strategic expansion with the sanction of credit facilities from Canara Bank for its Battery Energy Storage System (BESS) project with Tamil Nadu Generation and Distribution Corporation Limited (TNGECL). The company announced this development on February 11th, 2026, through a regulatory filing with BSE Limited.

Strategic Milestone and Financial Structure

This sanction represents the company's first large-scale, bank-funded term loan, marking a pivotal shift towards an asset-ownership model designed to generate stable, long-term annuity-based revenue streams. The project structure demonstrates the company's evolution from traditional contracting to sustainable asset ownership.

Project Viability and Government Support

The BESS project qualifies for Viability Gap Funding aggregating to INR 108 Crore, providing additional financial support for the initiative. This funding mechanism reflects the government's commitment to promoting energy storage solutions as part of India's broader energy transition strategy.

The successful financial closure demonstrates strong lender confidence in Bondada Engineering's execution capabilities, project viability, and governance framework. This confidence positions the company to complete the project within committed timelines while maintaining operational excellence.

Alignment with National Energy Objectives

The development aligns strategically with India's national energy transition objectives, particularly supporting the Government of India's emphasis on energy storage solutions. These systems play a crucial role in:

• Supporting renewable energy integration
• Enhancing grid stability
• Facilitating efficient energy management
• Contributing to sustainable power infrastructure

The recent Union Budget's substantial enhancement in VGF for BESS projects further reinforces the sector's long-term growth potential and policy support, creating a favorable environment for such initiatives.

Future Strategic Direction

Bondada Engineering Limited has outlined its commitment to scaling its renewable energy and energy storage portfolio through disciplined capital allocation, robust governance, and operational excellence. The company emphasizes its focus on delivering sustainable long-term value to all stakeholders while maintaining high standards of project execution and financial management.