GHV Infra Projects Limited has clinched a significant Engineering, Procurement and Construction (EPC) contract valued at ₹2,000.00 crore from Valor Estate Limited. The project involves the development of PAP (Project Affected People) & Police Housing in Malad, Mumbai, marking a substantial milestone for the company.

Contract Details

The company received a Letter of Intent (LOI) from Valor Estate Limited, formerly known as D B Realty Limited, appointing GHV Infra Projects as the EPC partner for this ambitious project. Key aspects of the contract include:

Project Significance

This contract represents a major win for GHV Infra Projects, showcasing the company's capabilities in handling large-scale urban development projects. The PAP & Police Housing Project is likely to play a crucial role in addressing housing needs for project-affected people and law enforcement personnel in Mumbai.

Company Disclosure

In compliance with SEBI regulations, GHV Infra Projects Limited has officially informed the BSE about this development. The company's disclosure, signed by Company Secretary & Compliance Officer Daksh Tulsibhai Mewada, provides additional details:

• The contract is classified as a domestic order
• It does not fall under related party transactions
• Neither the promoter nor promoter group companies have any interest in Valor Estate Limited

Market Impact

This substantial contract is expected to bolster GHV Infra Projects' order book and potentially impact its financial performance over the next five years. Investors and market analysts will likely monitor the project's progress and its effects on the company's growth trajectory.

The successful execution of this project could strengthen GHV Infra Projects' position in the competitive EPC sector, particularly in the realm of urban housing development projects.

As the project unfolds, stakeholders will be keen to observe GHV Infra Projects' project management capabilities and the potential for similar high-value contracts in the future.

GHV Infra Projects Limited , a prominent player in the infrastructure sector, has received a significant boost to its capital raising plans. The company recently secured in-principle approval from the BSE Limited for a substantial preferential issue of convertible securities, paving the way for a potential influx of Rs. 2,540 crore in fresh capital.

Approval Details

The BSE granted its in-principle approval on August 8, 2025, under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The approval covers two key components:

1. Convertible Warrants: GHV Infra Projects has been given the green light to issue 38,50,000 warrants, each convertible into one equity share of Rs. 10 face value. These warrants will be priced at a minimum of Rs. 400 per share and will be offered to both promoters and non-promoters on a preferential basis.

2. Optionally Convertible Debentures (OCDs): The company has also received approval to issue 16,000 secured, unlisted, unrated OCDs. Each debenture, valued at Rs. 1,00,000, will carry an interest rate of 18% and will be convertible into equity shares of Rs. 10 each. These OCDs are designated for non-promoters on a preferential basis.

Financial Implications

The preferential issue, if fully subscribed, could potentially bring in substantial capital for GHV Infra Projects:

Regulatory Compliance

While the in-principle approval marks a significant milestone, GHV Infra Projects must adhere to several regulatory requirements before proceeding with the issue:

• Compliance with the Companies Act 2013, Securities Contracts (Regulation) Act, 1956, SEBI Act, 1992, and the Depositories Act, 1996.
• Adherence to SEBI's ICDR Regulations and LODR Regulations.
• Obtaining necessary statutory and other approvals.
• Implementing robust internal controls to monitor trades by proposed allottees.
• Securing undertakings from allottees regarding trading restrictions.

Next Steps

Following the allotment of securities, GHV Infra Projects is required to make a listing application to the BSE within 20 days, as per SEBI regulations. The company must also comply with post-issue formalities to ensure the smooth listing of the newly issued securities.

Market Impact

This substantial capital raise, once completed, could significantly strengthen GHV Infra Projects' financial position, potentially enabling the company to pursue growth opportunities, reduce debt, or invest in ongoing and new infrastructure projects.

Investors and market watchers will be keenly observing how the company utilizes this capital infusion and its impact on GHV Infra Projects' future performance in the competitive infrastructure sector.

Note: The BSE has emphasized that this in-principle approval does not guarantee final listing approval and reserves the right to withdraw the approval if any information is found to be incorrect or incomplete.