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.

GHV Infra Projects Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, regarding the utilization of proceeds from its preferential issue of convertible warrants. The report was prepared by Acuité Ratings and Research Limited in compliance with Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Issue Details and Fund Utilization

The company conducted its preferential issue of convertible warrants from August 18, 2025 to August 21, 2025, raising a total of INR 154.00 crores. The proceeds were allocated across four specific objects as outlined in the offer document.

Monitoring Agency Assessment

Acuité Ratings and Research Limited, serving as the monitoring agency, conducted a comprehensive review of the fund utilization. The assessment covered nine key parameters to ensure compliance with regulatory requirements and offer document disclosures.

Fund Deployment Status

During Q3FY26, the company did not receive any additional warrant subscriptions. The INR 38.50 crores utilized towards working capital requirements was deployed from the application money received during the initial preferential issue in August 2025. The remaining objects - site infrastructure facilities, business expansion operations, and general corporate purposes - saw no fund deployment during the quarter.

Compliance and Regulatory Adherence

The monitoring agency confirmed that all utilizations were in accordance with the disclosures made in the offer document. No deviations were observed from the stated objects, and the company maintained compliance with all regulatory requirements. The report noted that no government or statutory approvals were required for the specified objects, and no unfavorable events were identified that could affect the viability of the planned investments.

Company Background

GHV Infra Projects Limited operates in the civil construction sector and is promoted by Mr. Vijapura Jahidmohmed H, Ms. Husena Akbarali Musamji, and JHV Commercials LLP. The company's monitoring report and related information are available on its website at www.ghvinfra.com for investor reference.