1. Indian Bank OTS settlement - On 24 Feb 2026, the Company signed a full cash One Time Settlement with Indian Bank, settling ₹142.05 cr of fund-based dues for ₹50.0 cr. This removes a large legacy liability at a 65% discount, directly strengthening the balance sheet and freeing up cash flow previously absorbed by debt service.
2. Union Bank OTS completion - The Company fully paid a ₹9.0 cr OTS with Union Bank of India during FY25, settling ₹26.18 cr in outstanding dues. Closing this chapter eliminates a contingent claim and signals execution credibility for the remaining lender discussions now underway.
3. Telecom EPC - defence border projects - The Company is executing turnkey telecom backbone construction for defence forces in remote border areas of Eastern and North Eastern states. These are sticky, high-barrier contracts that provide a steady revenue stream insulated from commercial capex cycles.
4. Telesonic Network partnership - A continuing work arrangement with Telesonic Network Ltd. (Airtel group) covers fibre laying, splicing, duct pulling, and O&M handover across multiple circles. The tie-up offers recurring order flow from a large telecom operator expanding its fibre footprint.
5. Power T&D capability up to 765 kV - The Company can build, operate, and maintain substations, switchyards, and transmission lines up to 765 kV. This capability positions it to bid for high-value grid expansion work as India strengthens its interstate transmission network.
6. ESOP exercise and equity inflow - On 4 May 2026, employees exercised vested options, leading to the allotment of 14,02,500 equity shares at ₹10 per share, bringing in ₹1.40 cr and increasing paid-up capital. The exercise at a premium to face value signals internal confidence while modestly improving equity without dilution from external sources.