Fortune Financial & Equities Services Private Limited has made a substantial acquisition in GHV Infra Projects Limited, acquiring additional equity shares through an off-market transaction. The acquisition was disclosed under Regulation 29 of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Acquisition Details

The transaction involved the acquisition of 46,33,200 equity shares, representing 6.43% of GHV Infra Projects Limited's total share capital. The acquisition was completed on March 02, 2026, through an off-market transaction.

Shareholding Pattern Analysis

The acquisition significantly altered Fortune Financial's shareholding structure in GHV Infra Projects Limited. The company's holdings transformed from a combination of direct shares and encumbered shares to a consolidated direct shareholding position.

Company Information

GHV Infra Projects Limited is listed on BSE Limited with a total equity share capital of 7,20,75,000 equity shares. The company's share capital remained unchanged following this transaction. Fortune Financial & Equities Services Private Limited does not belong to the promoter or promoter group of the target company.

Transaction Characteristics

The acquired equity shares are ordinary shares with a face value of Rs. 5.00 each and do not carry any special rights or distinctive features. The transaction represents a restructuring of Fortune Financial's existing stake rather than an increase in overall shareholding percentage, as the total holding remained at 10.00% of GHV Infra Projects Limited's equity capital.

GHV Infra Projects Limited has announced the receipt of a significant Letter of Award (LOA) worth Rs. 123 crores for renewable energy infrastructure development. The contract, awarded by Enmas EPC Power Projects Limited (JV), involves the development of 28.83 MWp grid-connected rooftop solar plants serving 14,416 SC & ST consumers.

Project Specifications and Scope

The comprehensive project encompasses both supply and installation components across multiple phases:

The project involves two primary components: supply of all materials required at installation sites and comprehensive installation, testing and commissioning services for each of the 14,416 consumers in association with EEPCC JV.

Technical Components and Materials

The contract covers supply of essential solar infrastructure components including:

• Solar panels and inverters
• Module mounting structures
• Distribution boards
• Cabling and earthing systems
• All associated installation materials

The company will handle complete installation, testing and commissioning of the rooftop solar plants for each beneficiary consumer, ensuring comprehensive project delivery from supply to operational readiness.

Contract Terms and Execution

The project represents a significant addition to GHV Infra Projects Limited's order book, with the domestic contract requiring completion within a defined 120-day timeframe. The company confirmed that the contract does not involve any related party transactions or promoter group interests.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, with detailed project specifications provided as per SEBI Master Circular requirements. The company has formally notified BSE Limited of this significant business development, ensuring full regulatory transparency and stakeholder awareness of this major contract award.