NSEPress Release7 Oct 2026 · 7 Oct 2026, 10:12 am

Press Release

Swastika Infra Limited · SWASTIKAIN

✦ AI Summary▲ PositiveOrder Win

Swastika Infra Limited has secured a ₹615.76 crore order from MSEDCL for the development of distribution infrastructure and system strengthening works at Bhandup Zone, Maharashtra, marking its entry into the state and increasing its unexecuted order book to ₹1,400 crores.

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10

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Full Announcement

Swastika Infra Limited has informed the Exchange regarding a press release dated October 07, 2026, titled "'Climbing the Value Curve: Secures Single Order of ₹615.76 Crore from MSEDCL .".

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SWASTIKAINFRA_07102026100901_Swastika_Infra_Limited_-_Press_Release_v4.pdf

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07th October, 2026 To To Sr. General Manager Sr. General Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip code: 544949 Scrip symbol: SWASTIKAIN Dear Sir/Madam, Sub.: Update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Ref.: Swastika Infra Limited Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Part A of Schedule III, we are pleased to enclose herewith the Press Release titled ‘Climbing the Value Curve: Secures Single Order of ₹615.76 Crore from MSEDCL’. The above information will also be made available on the Company's website at https://swastikainfra.com/ You are requested to take the above information on record. Thanking you, Yours faithfully, For Swastika Infra Limited Shipra Gandhi Company Secretary and Compliance Officer Membership No.: A68405 Address: Plot no.14 &15, First Floor, Gajraj Apartment Motilal Atal Road, Opposite Hotel Neelam, Jaipur – 302 001 Rajasthan, India Climbing the Value Curve: Secures Single Order of ₹615.76 Crore from MSEDCL ADB-funded project in Bhandup Zone of Mumbai is ~1.2x FY26 revenue, marks entry into Maharashtra and lifts unexecuted order book to ~ ₹1,400 crores Jaipur, October 07, 2026: Swastika Infra Limited (BSE: 544949 | NSE: SWASTIKAIN) (“Swastika Infra” or the “Company”), one of the leading EPC player in the Power Transmission & Distribution (T&D) and Renewable sector, has secured a Letter of Award (LOA) worth approximately ₹615.76 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the Development of Distribution Infrastructure & System Strengthening works at Bhandup Zone, Maharashtra. This is the largest single order in Swastika Infra’s history – a landmark win equivalent to approximately 1.2 times the Company’s FY26 revenue of ₹504 crores, providing substantial execution visibility by materially strengthening its order pipeline post equity fund raise of ~ Rs. 130 crores in its recently concluded IPO. Following this win, the Company’s unexecuted order book stands at ~ ₹1,400 crores with presence across 9 states, creating a stronger platform for sustained revenue growth and geographical expansion. Scope of Project The scope covers the development of new substations, HT/LT lines and distribution transformers, augmentation of existing infrastructure, underground cabling, renovation works, GIS mapping, asset tagging and other allied works. A Strategic Inflection Point Swastika independently participated in and was awarded this tender on the basis of its own financial and technical qualifications, built over 15 years of execution and successful work completion. As the largest single order in the Company’s history, this ₹615.76 crore win significantly strengthens Swastika Infra’s credentials for larger and more complex projects, reinforcing its ambition to move decisively up the project value curve. Importantly, the Company has doubled its unexecuted order book from ₹687 crores in March to ~ ₹1,400 crores in October 2026, underscoring the rapid scale-up of its business. Unlocking a Larger Opportunity Pool This order marks further expansion of Swastika Infra’s geographical footprint and strengthening its position as a multi- state power infrastructure EPC player with operations across 9 states. Maharashtra is among India’s leading power-consuming states and, consequently, attracts high investment in the Power T&D sector. Entry into the state is therefore of strategic significance for the Company, both for its long-term growth and for building its credentials in a large, investment-intensive Power T&D ecosystem. ADB Backing: A Stand-Out Feature The project is funded by the Asian Development Bank (ADB) and is aligned with the Company’s core philosophy of focusing on projects funded by multilateral development agencies. About Swastika Infra Limited Headquartered in Jaipur, Rajasthan, Swastika Infra Limited is a Power T&D EPC company providing end-to-end turnkey solutions across substations, underground cabling, transmission and distribution lines, electrification and allied infrastructure. With a presence across 9 states, the Company undertakes projects across the complete execution lifecycle, with a significant focus on projects funded by multilateral institutions Disclaimer Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.