Valecha Engineering Limited has submitted a compliance notice to stock exchanges regarding the delayed submission of its quarterly financial results and regulatory disclosures. The company addressed both BSE and NSE explaining the circumstances behind the delay in its Q2FY26 results submission.

Delayed Submissions and Timeline

The company provided a detailed timeline of its recent financial result submissions and the specific delay in question:

Regulatory Compliance Issues

The compliance notice addressed two specific regulatory matters. First, the company explained the non-disclosure of reasons for delay in submission of financial results for the period ended September 30, 2025. Second, it covered the delayed submission of related party transaction disclosures as per Regulation 23(9) of SEBI (LODR) Regulations 2015 for the half-year ended September 30, 2025.

The notice was submitted in response to emails received from BSE on December 4, 2025, at 4:54 PM and from NSE on December 5, 2025, at 2:51 PM, seeking explanations for the delayed submissions.

Company's Explanation and Assurance

Valecha Engineering stated that the delay was for administrative convenience and emphasized that it was unintentional without any ulterior motive. The company expressed sincere regret for any inconvenience caused by the delayed submission.

Looking forward, the company has provided assurance to both exchanges that it will take utmost care and will disseminate relevant matters within the permissible time limits. This commitment demonstrates the company's intention to maintain better regulatory compliance in future reporting cycles.

Corporate Communication

The notice was signed by Vijaykumar H. Modi, Company Secretary & Legal, on behalf of Valecha Engineering Limited. The company maintains its registered office at Valecha Chambers, 4th floor, Plot No. B-6, New Link Road, Andheri (W), Mumbai 400053, and operates under CIN L74210MH1977PLC019535.

The joint venture between H.G. Infra Engineering Limited and Kalpataru Projects International Limited has received the Letter of Acceptance (LOA) from Maharashtra Metro Rail Corporation Limited for the Thane Metro Rail Project. The LOA was issued on December 10, 2025, marking a significant milestone for both infrastructure companies in the metropolitan transportation sector.

Project Specifications and Scope

The approved project involves the design and construction of an elevated metro viaduct spanning 20.53 kilometers between UG Ramp and Balkum Naka. The comprehensive scope includes depot approach viaduct and three special spans as part of the Thane Integral Ring Metro Project.

Joint Venture Partnership Structure

The strategic alliance demonstrates a well-structured partnership approach in executing large-scale metro rail infrastructure. Kalpataru Projects International Limited serves as the lead member, while H.G. Infra Engineering Limited contributes as the junior partner in this collaboration.

Regulatory Compliance and Disclosure

H.G. Infra Engineering Limited has fulfilled its regulatory obligations by informing stock exchanges about this development. The company notified both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Significance for Mumbai Metropolitan Region

The Thane Integral Ring Metro Project represents a crucial expansion of the Mumbai Metropolitan Region's public transportation infrastructure. This elevated metro viaduct will enhance connectivity between key areas in Thane, supporting the region's growing urbanization and transportation needs. The project's approval reinforces the joint venture partners' capabilities in delivering complex metropolitan transportation solutions.