BSECompany Update27 Sept 2026 · 27 Sept 2026, 11:56 pm
As per attached Disclosure
GHV Infra Projects Ltd · 505504
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GHV Infra Projects Ltd has concluded the EPC Contract for Erisha Smart Manufacturing Hub at RAKEZ, Ras Al Khaimah, UAE, citing delays and uncertainty due to the ongoing war in West Asia.
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GHV Infra Projects Ltd - 505504 - Disclosure Under Regulation 30 Of SEBI (LODR) 2015 - Conclusion Of Contract
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Date: September 27, 2026
The Department of Corporate Services,
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400 001
BSE Scrip Code: 505504
Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 –Conclusion of Contract.
Dear Sir/Madam(s),
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 and in reference to our earlier communication dated August 02, 2025 we
wish to inform you that EPC Contract for Erisha Smart Manufacturing Hub at RAKEZ, Ras
Al Khaimah, UAE stands Concluded as of 2nd Week of September 2026.
Further, the details as required in terms of the Listing Regulations read with SEBI Master
Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 in
relation to the above referred items are enclosed as Annexure A to this intimation.
You are requested to kindly take above information on your records.
Thanking you
Yours faithfully,
For GHV Infra Projects Limited
(Formerly Known as Sindu Valley Technologies Limited)
Daksh Tulsibhai Mewada
Company Secretary & Compliance Officer
Registered Office: A-511, 5th Floor, Kanakia Wall Street, Andheri Kurla Road, Andheri (East), Chakala MIDC,
Mumbai – 400093.Tel: +91 22 6941 1500, Email: info@ghvinfra.com Web: www.ghvinfra.com
CIN No.: L43900MH1976PLC457495
Annexure A
Additional Information as required in terms of the Listing Regulations read with SEBI Master
Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Particulars Details
a) Name of parties to the Rana Exim FZ-LLC and GHV Infra FZ-LLC (wholly owned
contract subsidiary)
b) Nature of the contract EPC Contract for Development of Smart Manufacturing
c) Date of execution of the --
contract
d) Reasons for termination The Project and Master Plan approval from RAKEZ was to
and impact thereof, to the be obtained by Employer by January 31, 2026 as per terms
extent possible of the Contract Agreement, which got inordinate delay by
Employer.
Subsequently by end Feb 2026, the war in West Asia started
which is still continuing and situation remain uncertain
with risk of payments and commercial issues with
Employer.
With uncertainty on the design & Engineering from
Employer, approval of Master plan of the Master Project by
RAKEZ by Employer even after 13 month from date of LOA
and lack of proof of financial arrangements of Employer,
GHV’s deployed resources continued to incur costs without
corresponding construction activity. In absence of above,
GHV issued a notice of suspension of works on August 17,
2026 for material default of not sharing the Financial
arrangement as per FIDIC Contract Provision and also
insisted Employer to further provide payment guarantee in
current war situation of west Asia and resolving other
commercial issues. Discussions continued thereafter, but
issues could not be resolved and Employer has not rectified
the above material default even after sufficient notice thus
GHV Infra has suspended all the Project activities during
2nd Week of September, 2026 till such compliance by
Employers by furnishing Financial Arrangement to meet
Employers Obligations under the Contract.
Registered Office: A-511, 5th Floor, Kanakia Wall Street, Andheri Kurla Road, Andheri (East), Chakala MIDC,
Mumbai – 400093.Tel: +91 22 6941 1500, Email: info@ghvinfra.com Web: www.ghvinfra.com
CIN No.: L43900MH1976PLC457495
Further, almost one year has elapsed and the Master Plan
Approval is still pending from Employer. Under financial
uncertainty and various delays and current uncertain
situation of War in West Asia, the EPC Contract is
Concluded as on 2nd Week of September 2026.
Financial impact cannot be assessed as of now and further
disclosure will be made as and when the impact can be
quantified.
Registered Office: A-511, 5th Floor, Kanakia Wall Street, Andheri Kurla Road, Andheri (East), Chakala MIDC,
Mumbai – 400093.Tel: +91 22 6941 1500, Email: info@ghvinfra.com Web: www.ghvinfra.com
CIN No.: L43900MH1976PLC457495