DMR Engineering Limited has secured a significant work order valued at ₹74.50 lakh for engineering consultancy services in the hydroelectric power sector. The company announced this development through a regulatory filing under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Project Details and Scope

The work order involves the preparation of a Detailed Project Report (DPR) for the 99 MW Ting Ting Hydro Project located in the state of Sikkim, India. This project presents a notable opportunity for DMR Engineering to demonstrate its expertise in hydroelectric power project consulting.

Contract Terms and Client Information

Sangamam Power Projects Private Limited (CIN: U40100MP2008PTC020791) has awarded this domestic contract to DMR Engineering. The nature of services falls under engineering consultancy, specifically focusing on detailed project report preparation for hydroelectric infrastructure development.

The contract specifications include:

• Contract Duration: 10 months for project completion
• Payment Structure: ₹74.50 lakh excluding GST charges
• Service Category: Engineering consultancy services
• Project Type: Domestic hydroelectric power development

Regulatory Compliance and Transparency

DMR Engineering has confirmed full compliance with regulatory disclosure requirements. The company has clarified that no promoter, promoter group, or group companies have any interest in Sangamam Power Projects Private Limited, the entity awarding the contract.

Company Background

DMR Engineering Limited, formerly known as DMR Hydroengineering Infrastructures Limited, operates under CIN L74900HR2009PLC039823. The company is headquartered at 473, Sector 30, Faridabad, Haryana, India 121003, and specializes in engineering consultancy services with particular focus on hydroelectric power projects.

This latest contract addition strengthens the company's position in the renewable energy consulting sector and demonstrates its continued capability to secure meaningful projects in the hydroelectric power development space. The 10-month timeline provides a structured framework for delivering comprehensive project documentation and technical analysis for the Sikkim-based hydro project.

DMR Engineering Limited has announced the approval of its third Employee Stock Option Plan (ESOP) grant under the DMR ESOP Plan 2023. The company's board committee approved the grant, marking a significant step in the company's employee retention and incentive strategy.

ESOP Grant Details

The committee has approved the grant of 40,000 stock options to eligible employees of the company. These options are convertible into an equal number of equity shares, providing employees with potential ownership stakes in the organization.

Vesting and Exercise Terms

The stock options come with specific vesting and exercise conditions designed to align employee interests with long-term company performance. The options will vest after completion of one year from the grant date, ensuring employee commitment to the organization.

Key Timeline Features:

• Vesting Period: Options vest after 1 year from grant date
• Exercise Price: Fixed at ₹10.00 per option (face value)

Regulatory Compliance

The ESOP grant has been structured in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The pricing formula for the granted options sets the exercise price at the face value of the company's equity shares, providing employees with potential upside based on the company's future performance and market valuation.

Company Background

DMR Engineering Limited, formerly known as DMR Hydroengineering Infrastructures Limited, operates from its registered office at Sector 30, Faridabad, Haryana. The company maintains its corporate identification number as L74900HR2009PLC039823.