Choice International Limited (CIL) has announced a significant business development for its subsidiary, Choice Consultancy Services Private Limited (CCSPL). The company has secured project mandates worth approximately ₹140.00 crore (inclusive of GST), spanning various sectors including housing, agriculture, MSME development, water resource management, and urban planning.

Diverse Project Portfolio

The newly acquired projects demonstrate CCSPL's expanding presence across multiple sectors:

1. Slum Rehabilitation in Maharashtra: A 72-month project involving architectural planning, project management, and quality control for the redevelopment of Rajiv Gandhi Nagar in Mumbai.

2. PACS Computerization in Odisha: A 20-month initiative to digitize 1,625 Primary Agricultural Credit Societies, aimed at enhancing efficiency and transparency in farmer services.

3. MSME Strengthening in Himachal Pradesh and Rajasthan: A 24-month project focused on supporting MSMEs, Self-Help Groups, and artisans through awareness programs, marketing assistance, and policy recommendations.

4. New Chandrapur City Development in Maharashtra: An 84-month engagement for urban strategy, feasibility studies, and quality control to support Chandrapur's growth and infrastructure development.

5. Water Resource Projects in Rajasthan: Multiple projects ranging from 6 to 18 months, including the preparation of a detailed project report for Yamuna water transfer, rehabilitation of the Indira Gandhi Nahar Project, and various ecological restoration initiatives.

Strategic Importance

Mr. Arun Poddar, CEO of Choice International Ltd., commented on the significance of these project mandates, stating, "These project mandates represent a significant step in expanding our presence across diverse sectors. Each engagement underscores our ability to deliver integrated, high-impact solutions that address complex developmental priorities."

Company Overview

Choice Consultancy Services Pvt. Ltd., based in Mumbai, is the public sector consulting arm of Choice International Ltd. The company specializes in delivering innovative and sustainable solutions for government and public sector projects, with a focus on infrastructure, urban development, and capacity building.

Choice International Ltd., the parent company, is a diversified financial services and consulting group headquartered in Mumbai. It holds regulatory registrations from various authorities including SEBI, RBI, IRDAI, NSE, BSE, MCX, NCDEX, and AMFI. The group serves over 14 lakh clients and supports more than 58,000 business associates through its technology-driven, client-centric solutions.

These new project mandates further solidify CCSPL's position as a key player in consulting and development advisory, contributing to India's mission of sustainable, inclusive, and technology-driven growth across various sectors.

Choice International Limited has issued a formal clarification to stock exchanges regarding the timeline of its SEBI approval for mutual fund business, following queries from BSE and NSE about media reports published on investing.com.

Clarification on Approval Timeline

The company addressed confusion surrounding the publication date of a news article titled "Choice International Gets SEBI's Approval to Set Up MF Business." Choice International confirmed that while the article was referenced as being published on December 29, 2025, it was actually published on December 29, 2024.

Regulatory Compliance

Choice International emphasized its commitment to regulatory compliance by highlighting that both the in-principle approval received on December 26, 2024, and the final approval received on August 1, 2025, were promptly communicated to the stock exchanges as required under regulations.

The company provided specific links to the filings made with both BSE and NSE for each approval stage, demonstrating transparency in its regulatory disclosures.

Company Information

Background Context

The clarification comes as Choice International continues its expansion into the mutual fund business following SEBI's approval. The company had previously announced its entry into the investment management space through 'Choice Mutual Fund,' with Choice AMC Private Limited operating as the Asset Management Company.

This regulatory clarification ensures accurate information is available to investors and stakeholders regarding the timeline of Choice International's mutual fund business approval process.