NSEPress Release1d ago · 20 Jul 2026, 10:53 pm

Press Release

Innovision Limited · INNOVISION

✦ AI Summary▲ PositiveOrder Win

Innovision Limited has secured a toll collection contract for the Turup fee plaza on Ranchi bypass from NHAI, with a commercial consideration of ₹44,60,29,635 for a period of one year.

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Earnings Impact6/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10

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Full Announcement

Innovision Limited has informed the Exchange regarding a press release dated July 20, 2026, titled "Innovision Limited secures toll collection contract for Turup fee plaza on Ranchi bypassfrom NHAI".

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INNOVISION2007_20072026225245_Covering_letter_for_press_release_Turup_Fee_Plaza_200726_combined_sd.pdf

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Date: 20 July 2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400001 Scrip Code: 544732 National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex Bandra (East) Mumbai – 400051 Symbol: INNOVISION Subject: Submission of Press Release pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to the disclosure already made by Innovision Limited to the Stock Exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the receipt of the Letter of Award (LoA) from the National Highways Authority of India (NHAI) for engagement as the User Fee Collection Agency at the Turup Fee Plaza on Ranchi Bypass, Jharkhand, we are enclosing herewith a copy of the Press Release being issued by the Company. The enclosed Press Release is based solely on the information already disclosed to the Stock Exchanges and does not contain any additional material information or Unpublished Price Sensitive Information (UPSI) beyond what has already been disseminated in accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI (Prohibition of Insider Trading) Regulations, 2015. In case of any inconsistency, the disclosure filed by the Company with the Stock Exchanges shall prevail over the enclosed Press Release. The aforesaid Press Release shall also be made available on the website of the Company at www.innovision.co.in. Kindly take the same on record. Thanking you. Yours faithfully, For Innovision Limited Jyoti Sachdeva Company Secretary & Compliance Officer Membership No.: A22176 Encl.: Press Release INNOVISION LIMITED ISO 9001 : 2008 | ISO/IEC 27001 : 2005 | ISO 14001:2015 | OHSAS 18001:2007 | CIN NO. U74910DL2007PLC157700 Corp. Office: Plot No 251, 1st Floor, Udyog Vihar, Phase 4, Gurugram-122015, Haryana. | Regd. Office: 1/209, First Floor Sadar Bazar, Delhi Cantt Delhi- 110010 0124-4387354/2341602, | 0124-2340186, | info@innovision.co.in, | www.innovision.co.in Innovision Limited secures toll collection contract for Turup fee plaza on Ranchi bypass from NHAI New Delhi, India, 20th July, 2026 - Innovision Limited, an integrated infrastructure and services platform, announced that it has received a Letter of Award (LoA) from the National Highways Authority of India (NHAI) for engagement as the user fee collection agency at the Turup fee plaza on the Ranchi Bypass, Jharkhand, under NHDP Phase-III (EPC Package-1). The company has already disclosed this development to the stock exchange under regulation 30 of the SEBI (LODR) Regulation, 2015. Contract highlights: The order was granted on July 17, 2026, following a competitive bidding process conducted through e-tender. The scope of the engagement covers toll collection operations at the plaza, along with the upkeep and maintenance of adjacent toilet blocks, including the recouping of consumable items. The contract has been awarded for a period of one year and carries a commercial consideration of ₹44,60,29,635 (Rupees Forty-Four Crore Sixty Lakh Twenty-Nine Thousand Six Hundred and Thirty-Five only), representing the total value associated with the engagement. This engagement adds to Innovision's existing portfolio of NHAI toll plazas and reinforces the Company's presence within the toll collection ecosystem in Jharkhand. This contract reflects Innovision's continued participation in NHAI's competitive tendering process for toll management contracts across India. Management Commentary: Lt. Col. Randeep Hundal, Chairman & Managing Director, Innovision Limited, commented, “The award of the Turup fee plaza contract on the Ranchi Bypass adds to our toll management portfolio and reflects the consistency of our execution within NHAI's user fee collection framework. This engagement extends our operational presence into Jharkhand and represents the continuation of an approach we have followed in the toll management vertical, i.e. participating in transparent, competitive bidding processes and building the operational track record that supports eligibility for future awards. This is a one-year contract awarded through competitive e-tender for user fee collection and associated facility upkeep at a single plaza. Our growth in this vertical has consistently come from the cumulative addition of plazas across states rather than from any individual contract, and this award is representative of that pattern. Our toll management model remains asset-light, with capital requirements largely working-capital in nature, allowing the business to scale in a disciplined manner as our plaza portfolio expands. India's toll collection sector continues to benefit from the ongoing expansion of NHAI's tendering pipeline and the shift toward fully digital collection, which we view as a This is a one-year contract awarded through competitive e-tender for user fee collection and associated facility upkeep at a single plaza. Our growth in this vertical has consistently come from the cumulative addition of plazas across states rather than from any individual contract, and this award is representative of that pattern. Our toll management model remains asset-light, with capital requirements largely working-capital in nature, allowing operational scalability while maintaining prudent capital deployment. India's toll collection sector continues to benefit from the ongoing expansion of NHAI's tendering pipeline and the shift toward fully digital collection, which we view as a structural rather than cyclical tailwind. The Company believes that technical qualification requirements and execution experience are important factors in participating in competitive NHAI tenders, subject to eligibility criteria and successful bid outcomes. The commercial consideration disclosed in our regulatory filing reflects the overall contract value and should be understood in the context of the toll collection model, where the Company remits collections to NHAI and retains an agreed spread; it should not be read as a proportionate addition to net revenue. As our operational plaza base grows, the aggregate contribution across a diversified portfolio remains the more relevant measure of the vertical's performance. We remain focused on disciplined participation in NHAI's pipeline, prudent working capital management, and consistent execution standards across our toll, manpower, and skill development businesses, in line with our long-term commitment to sustainable and well- governed growth." About Innovision Limited: Innovision Limited is an integrated services company offering solutions across manpower outsourcing, toll management, and drone-based services. The Company recently completed its Initial Public Offering aggregating ~₹3,192.5 million, comprising a mix of fresh issue and offer for sale, and is listed on BSE and NSE . With a diversified service portfolio and strong execution capabilities, Innovision continues to strengthen its presence across infrastructure and capitalize on opportunities across infrastructure and technology-enabled service segments in India. Disclaimer This document contains forward-looking statements, which are not historical facts and are subject to risks and uncertainties such as government actions, local developments, and technological risks. The Company is not responsible for any actions taken based on these statements and does not commit to publicly updating them to reflect future events or circumstances. For Further Information Please Contact Investor Relations Advisors ConfideLeap Partners info@confideleap.com +(91) 85911 45959 www.confideleap.com