H.M. Electro Mech Limited Secures Rs. 15.75 Crore Solar Project Contract

1 min read     Updated on 10 Sept 2025, 01:53 PM
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Overview

H.M. Electro Mech has won a Rs. 15.75 crore contract from Twinsag Enterprise LLP for a 15 MW (AC) Solar PV project. The scope includes design, engineering, procurement, supply, erection, testing, and commissioning on a turnkey basis, with a three-year operations and maintenance period. The domestic contract is not a related party transaction, and neither the promoters nor group companies have interests in Twinsag Enterprise LLP.

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H.M. Electro Mech has announced a significant new contract, marking a notable development in the company's business operations. The company has secured a work order worth Rs. 15.75 crores from Twinsag Enterprise LLP, demonstrating its growing presence in the renewable energy sector.

Contract Details

The contract involves a comprehensive scope of work for a solar power project:

  • Design, engineering, procurement, supply, erection, testing, and commissioning of a 15 MW (AC) Solar PV project
  • To be executed on a turnkey basis
  • Includes an initial operations and maintenance period of three years

Project Specifics

Item Details
Contract Value Rs. 15,75,00,000
Duration 3 years
Nature Domestic contract

Company Disclosure

In compliance with regulatory requirements, H.M. Electro Mech has made the following disclosures:

  1. The contract does not fall under related party transactions.
  2. Neither the promoters nor any group companies have any interest in Twinsag Enterprise LLP, the entity awarding the contract.

Market Implications

This contract represents a significant opportunity for H.M. Electro Mech to strengthen its position in the solar energy sector. The substantial value of the project and its multi-year duration suggest potential for steady revenue generation and operational growth for the company in the coming years.

The announcement, made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, underscores the company's commitment to transparency and regulatory compliance.

As the renewable energy sector continues to grow in India, contracts of this nature may indicate increasing opportunities for companies like H.M. Electro Mech in the solar power infrastructure domain.

Historical Stock Returns for H.M. Electro Mech

1 Day5 Days1 Month6 Months1 Year5 Years
-1.21%-2.69%-3.41%+5.84%-15.37%-15.37%
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H.M. Electro Mech Limited Announces Board Changes: New Independent Director and Promotion of Executive

1 min read     Updated on 01 Aug 2025, 04:31 PM
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Riya DeyScanX News Team
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Overview

H.M. Electro Mech Limited has made significant changes to its board composition. Ms. Riya Vipulbhai Kanani has been appointed as an Additional Director in the Independent category, bringing expertise in corporate income tax compliance. Mr. Harshal Mahendra Patel's designation has been changed from Non-Executive Director to Whole Time Director. These changes were approved in a board meeting on August 1, 2025, and are subject to shareholder approval at the upcoming General Meeting.

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*this image is generated using AI for illustrative purposes only.

H.M. Electro Mech Limited has announced significant changes to its board composition, as approved in a board meeting held on August 1, 2025. The company, known for its electro-mechanical and instrumental works, has made two key appointments that are subject to shareholder approval at the upcoming General Meeting.

New Independent Director Appointed

Ms. Riya Vipulbhai Kanani has been appointed as an Additional Director in the Independent category. Ms. Kanani brings valuable expertise to the board, specializing in corporate income tax compliance. Her appointment is expected to enhance the company's tax reporting capabilities and financial governance.

Executive Promotion

In a strategic move, the board has approved the change in designation of Mr. Harshal Mahendra Patel from Non-Executive Director to Whole Time Director (Executive Director Category). Mr. Patel, who holds a diploma in Mechanical Engineering from Gujarat Technological University, brings over six years of experience in civil, electro-mechanical, and instrumental works to his new role.

Board Meeting Details

The board meeting where these decisions were made lasted for 45 minutes, commencing at 3:00 P.M. and concluding at 3:45 P.M. on August 1, 2025. The meeting was held at the company's registered office.

Additional Information

  • Mr. Harshal Mahendra Patel is the son of Mr. Mahendra Ramabhai Patel, indicating a family connection within the company's leadership.
  • The company has complied with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in making these announcements.

These board changes reflect H.M. Electro Mech Limited's commitment to strengthening its leadership team and corporate governance structure. The addition of Ms. Kanani as an independent director and the promotion of Mr. Patel to an executive role are expected to bring fresh perspectives and enhanced operational expertise to the company's management.

Shareholders will have the opportunity to approve these appointments at the forthcoming General Meeting, the date of which has not been specified in the current announcement.

Historical Stock Returns for H.M. Electro Mech

1 Day5 Days1 Month6 Months1 Year5 Years
-1.21%-2.69%-3.41%+5.84%-15.37%-15.37%
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