Bondada Engineering Limited has announced securing a major order valued at ₹945 crores, marking a significant business development for the infrastructure company listed on the SME exchange.

Order Details

The company has successfully won this substantial contract, though specific details regarding the project scope, timeline, and client information have not been disclosed in the current announcement.

Business Impact

This order represents a major milestone for Bondada Engineering Limited, particularly given its status as an SME-listed company. The substantial value of ₹945.00 crores indicates the company's capability to secure large-scale infrastructure projects.

Company Profile

Bondada Engineering Limited operates in the Infrastructure Developers & Operators sector and is classified under the Small Cap category. The company trades on the BSE SME platform, reflecting its position as a growing enterprise in the infrastructure development space.

The successful securing of this significant order demonstrates the company's competitive positioning in the infrastructure sector and its ability to attract substantial project contracts.

Bondada Engineering has announced significant enhancements to its financial reporting practices, demonstrating the company's commitment to improved transparency and stakeholder communication. The infrastructure development company informed the BSE about its decision to adopt quarterly financial results reporting alongside the implementation of Indian Accounting Standards.

Quarterly Financial Results Initiative

The company has decided to adopt the practice of declaring and publishing quarterly financial results on a regular basis, with implementation beginning from Quarter 3 of FY25. This strategic decision represents a significant step toward enhanced financial disclosure and more frequent communication with stakeholders.

Adoption of Indian Accounting Standards

Bondada Engineering has simultaneously adopted Ind-AS (Indian Accounting Standards) with effect from the current financial year. This transition aligns with the company's migration to the Main Board and represents a significant upgrade in its accounting and reporting framework.

The adoption of Ind-AS brings several key advantages:

• Enhanced transparency in financial reporting
• Improved consistency across financial statements
• Better comparability with industry peers
• Alignment with globally accepted accounting standards
• Strengthened compliance framework

Corporate Governance Enhancement

The management has positioned these decisions as part of ongoing efforts to strengthen corporate governance practices and enhance disclosure standards. The initiative aims to provide stakeholders with a clear and comprehensive view of the company's financial performance and position.

Strategic Focus Areas

Bondada Engineering continues to maintain its focus on sustaining growth momentum through disciplined execution and operational excellence. The company emphasizes its commitment to innovation and a strong customer-centric approach while maintaining robust financial and governance frameworks.

The announcement, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, underscores the company's proactive approach to regulatory compliance and stakeholder engagement. These initiatives position Bondada Engineering for enhanced market credibility and improved investor confidence through systematic and transparent financial reporting practices.