NCC Limited has announced securing five orders worth Rs 2456.89 crore (excluding GST) during January 2026, marking a significant business development for the construction and infrastructure company. The orders span across three key divisions of the company, demonstrating diversified project acquisition capabilities.

Order Distribution Across Divisions

The order book expansion reflects strong performance across NCC's core business segments:

The Water Division emerged as the primary contributor, securing Rs 1922.26 crore worth of orders, representing approximately 78% of the total order value. This substantial allocation underscores the division's strong market position and execution capabilities in water infrastructure projects.

Business and Compliance Details

NCC emphasized several key aspects regarding these order acquisitions:

• All orders were received in the normal course of business operations
• No internal orders are included in the reported figures
• Promoters, promoter group, and group companies have no interest in the entities awarding these projects
• The transactions do not fall under Related Party Transaction categories

Corporate Governance and Transparency

The company filed this disclosure under Regulation 30 of the Securities and Exchange Board of India (SEBI) regulations, ensuring transparency with stakeholders. Company Secretary Sisir K Mishra signed the official communication to both the National Stock Exchange of India Limited and BSE Limited on January 31, 2026.

These order wins across multiple divisions demonstrate NCC's diversified project portfolio and strong market presence in infrastructure development. The significant contribution from the Water Division particularly highlights the company's expertise in water infrastructure projects, while the Transportation and Electrical divisions continue to contribute meaningfully to the overall business growth.

NCC Limited has received approval from the National Company Law Tribunal (NCLT), Hyderabad for the amalgamation of its wholly-owned subsidiary NCC Infrastructure Holdings Limited. The tribunal sanctioned the scheme of amalgamation on January 30, 2026, marking a significant step in the company's corporate restructuring initiative.

NCLT Approval Details

The Hon'ble National Company Law Tribunal, Hyderabad Bench pronounced its order on January 30, 2026, approving the scheme of amalgamation between NCC Infrastructure Holdings Limited (transferor company) and NCC Limited (transferee company). The scheme becomes effective with an appointed date of April 1, 2024.

Financial Performance Comparison

The financial performance of both companies demonstrates the strategic rationale behind the merger. NCC Limited, being the larger entity, shows robust operational performance, while the subsidiary has been experiencing losses.

Capital Structure and Share Exchange

Since NCC Infrastructure Holdings Limited is a wholly-owned subsidiary of NCC Limited, no new shares will be issued pursuant to the amalgamation. The entire issued and paid-up share capital of the transferor company held by NCC Limited will stand cancelled upon the scheme becoming effective.

Upon scheme implementation, NCC Limited's authorized capital will increase to Rs.9,11,50,00,000 through the clubbing of both companies' authorized capitals.

Strategic Rationale and Benefits

The amalgamation scheme is designed to deliver multiple strategic advantages:

• Corporate Structure Simplification: Consolidation of businesses under one roof with direct control of subsidiary assets
• Operational Efficiency: Reduction in managerial overlaps and duplication of systems and processes
• Resource Optimization: Better utilization of available resources and broadening of customer base
• Financial Strength: Enhanced long-term financial returns and greater financial flexibility
• Strategic Focus: Focused leadership attention to integrate business synergies

Regulatory Compliance and Approvals

The companies have secured all necessary regulatory approvals for the merger. The Reserve Bank of India provided its no-objection to the proposed merger on September 11, 2024. As a listed company merger involving a wholly-owned subsidiary, no separate approval from stock exchanges was required under Regulation 37(6) of SEBI (LODR) Regulations, 2015.

Implementation Timeline

The effective date of the scheme will be determined when the certified copy of the NCLT order is filed with the Registrar of Companies, Telangana, Hyderabad. NCC Limited has committed to file the necessary compliance documents in Form INC-28 within 30 days of receiving the certified copy of the order.

With this approval, NCC Infrastructure Holdings Limited will stand dissolved without winding up, and all its assets, liabilities, and operations will be transferred to NCC Limited, creating a more streamlined and efficient corporate structure.