Univastu India Limited, a leading civil engineering and infrastructure development company, has secured a major construction work order worth ₹244.31 crore for the Divisional Sports Complex in Jalgaon District, Maharashtra. The company officially announced the contract via a regulatory filing dated 16th May 2025, addressed to the National Stock Exchange of India Limited (NSE) under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The work order, issued by the Divisional Sports Complex Committee, Jalgaon, outlines the construction of a comprehensive sports infrastructure facility that aims to serve the athletic and sporting needs of the Jalgaon region.

Project Scope and Value

The awarded project is significant in both scale and strategic importance. The total contract value stands at ₹244,31,30,453/- (Rupees Two Hundred Forty-Four Crore Thirty-One Lakhs Thirty Thousand Four Hundred Fifty-Three Only), including GST.

As per the details submitted to the NSE:

• Nature of Work: Construction of a full-fledged Divisional Sports Complex, including infrastructure for multiple sports disciplines.

• Contract Type: Domestic infrastructure project, emphasizing local engineering and construction capabilities.

• Execution Period: The project must be completed within 36 calendar months (including monsoon) from the date of receipt of the work order.

• Awarding Authority: The order was placed by Divisional Sports Complex Committee, Jalgaon, a domestic government body.

Regulatory Compliance and Additional Disclosures

In line with SEBI’s September 09, 2015, circular regarding additional disclosures, Univastu India Limited submitted detailed project particulars to the stock exchange, which include:

• The project is awarded by a domestic entity, with no related party involvement.

• The company confirmed that neither the promoter group nor any group company has any interest in the awarding entity.

• There is no related party transaction involved, ensuring full compliance with SEBI’s governance norms.

• The company emphasized that the contract is entirely at arm's length and conducted through proper public procedures.

The communication was signed by Ms. Sakshi Tiwari, Company Secretary and Compliance Officer, holding membership number ACS: 67056.

Strategic Importance of the Project

This landmark order marks a major addition to Univastu India Limited’s order book, enhancing its visibility and credentials in the infrastructure development sector, especially in government-backed projects. Construction of such sports complexes not only boosts regional infrastructure but also reflects positively on the executing company’s ability to manage large-scale, time-sensitive projects.

The Jalgaon project aligns with the company’s broader strategic vision of expanding operations across various states while contributing to nation-building initiatives like rural and urban infrastructure, health, education, and sports facilities.

About Univastu India Limited

Univastu India Limited is a prominent player in civil engineering, infrastructure contracting, and real estate development. With a strong foothold in Maharashtra and surrounding states, the company has executed projects across sectors such as roads, hospitals, buildings, schools, and water supply systems.

Listed on the NSE, Univastu is known for its timely execution, technical capabilities, and high-quality project delivery. The company's client base includes government departments, PSUs, and private sector firms, showcasing a diversified project portfolio.

Future Outlook

With the latest ₹244 crore order, Univastu is well-positioned to:

• Strengthen its financial position and enhance shareholder value

• Improve its project execution visibility in Western India, especially Maharashtra

• Bolster its government project credentials, a crucial parameter for future tender participation

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