Chiraharit Ltd (544561)

Promoter Dr. Tejaswini Yarlagadda transferred her entire 52.56% stake (2,87,99,990 shares) in Chiraharit Ltd to Malaxmi Climate Resilience Platform Private Limited on September 10, 2026. The transaction was conducted off-market at Rs 8.00 per share, totalling Rs 23.04 crore, which falls within the permitted 25% premium of the 60-day VWAP of Rs 8.65 per share. Because the transferor holds 80% and exercises exclusive control over the acquiring entity, the transaction qualified for an open offer exemption under SEBI SAST Regulation 10(1)(a)(iii).

• Transfer of 2,87,99,990 equity shares representing 52.56% voting capital off-market on September 10, 2026
• Acquisition price of Rs 8.00 per share vs 60-day VWAP of Rs 8.65 per share
• Total transaction value is Rs 23,03,99,920 (Rs 23.04 crore)
• Transferor Dr. Tejaswini Yarlagadda owns 80% and exercises control over the acquirer entity
• Filed under SEBI SAST Regulation 10(7) with a fee payment of Rs 1,77,000

Chiraharit Limited has secured a purchase order valued at ₹77,17,525 from Larsen and Toubro Limited. The contract entails the domestic supply of pipes and fittings for a Solar Module Cleaning System located in Bihar, excluding installation or service scope. Against the company's FY26 revenue of ₹54.86 crore and TTM revenue of ₹114 crore, the order is relatively modest at under 1.5% of annual sales. Delivery will follow the Bill of Quantities (BOQ) timeline.

• Order value is ₹77,17,525 (Rupees Seventy-Seven Lakh Seventeen Thousand Five Hundred and Twenty-Five)
• Client is Larsen and Toubro Limited (CIN: L99999MH1946PLC004768)
• Supply location is Bihar, covering pipes and fittings for Solar Module Cleaning System
• Delivery schedule set as per BOQ with zero installation/service scope

Promoter Mrs. Tejaswini Yarlagadda intends to transfer 2,87,99,990 equity shares (representing 52.56% of Chiraharit Ltd's total share capital) to Malaxmi Climate Resilience Platform Private Limited, a promoter group entity where she holds a 90% stake. The proposed off-market acquisition is priced at Rs 8 per share, compared to the 60-day volume weighted average price of Rs 8.65 per share. The transaction is an internal promoter restructuring scheduled on or after September 7, 2026, under SEBI SAST Regulation 10(1)(a)(iii) exemption, resulting in no net change in total promoter group holding.

• Proposed off-market transfer of 2,87,99,990 shares (52.56% stake) within the promoter group
• Acquisition price fixed at Rs 8.00 per share vs 60-day BSE VWAP of Rs 8.65 per share
• Transfer scheduled to execute on or after Friday, September 7, 2026
• Acquirer entity is 90% owned by the transferor Mrs. Tejaswini Yarlagadda for corporate holding consolidation

Chiraharit Limited has announced that its Board of Directors approved the convening of the company's 20th Annual General Meeting (AGM) on Thursday, September 24, 2026. The board also approved the AGM notice, Directors' Report, and Management Discussion and Analysis Report (MDAR) for FY 2025-26. Additionally, Mrs. Rashida Hatim Adenwala, Practicing Company Secretary, was appointed as the scrutinizer for the AGM voting process. This is a standard compliance and administrative disclosure.

• 20th Annual General Meeting scheduled for Thursday, September 24, 2026
• Board approved the Directors' Report and MDAR for Financial Year 2025-26
• Mrs. Rashida Hatim Adenwala appointed as Scrutinizer for the voting process
• Board meeting held on August 24, 2026, concluded within 1 hour (03:00 PM to 04:00 PM)

Chiraharit Ltd has secured a purchase order worth Rs 49 Lakhs from Mahindra Susten Private Limited for the supply and installation of an MCS System in Maharashtra. While the client is a reputable name in the infrastructure and renewable space, the order size is small, representing only ~0.43% of the company's TTM revenue of Rs 114 Cr. This contract follows a volatile financial year where FY26 revenue dropped to Rs 54.86 Cr from Rs 59.63 Cr in FY25. The execution timeline is set as per the purchase order schedule.

• Order value of Rs 49,00,000 (excluding GST) received from Mahindra Susten Private Limited
• Contract involves supply, installation, testing, and commissioning of MCS System in Maharashtra
• Order value represents approximately 0.43% of the company's TTM revenue of Rs 114 Cr
• Purchase order (No. 5300030347) was officially dated July 28, 2026

Chiraharit Limited has secured two purchase orders from SAEL Industries Limited for the supply, installation, and commissioning of PV Module Cleaning Systems in Gujarat. The total order value is Rs. 1.20 crore (excluding GST), which represents approximately 1.05% of the company's TTM revenue of Rs. 114 crore. The orders were received on July 30, 2026, and are domestic in nature. While the contract size is small relative to annual turnover, it indicates the company's active participation in the renewable energy infrastructure segment.

• Total order value of Rs. 1.20 crore for PV Module Cleaning Systems.
• Order received from SAEL Industries Limited for projects located in Gujarat.
• Contract value represents ~1.05% of the company's TTM revenue of Rs. 114 crore.
• Includes supply, installation, testing, and commissioning services.
• Two specific purchase orders (4140007008/0 and 4310000994/0) dated July 30, 2026.

Chiraharit Ltd has secured an international purchase order valued at Rs 1.72 crore (USD 1,79,898) for the supply and installation of a Center Pivot Irrigation System in Tanzania. The order was awarded by Eagle Agrotech Tanzania Limited on July 24, 2026. While the contract demonstrates the company's international reach, its financial magnitude is relatively small, representing approximately 1.51% of the company's TTM revenue of Rs 114 crore. Execution will be carried out as per the terms of the purchase order in Tanzania.

• Order value of Rs 1,72,25,234 (USD 1,79,898) received from Eagle Agrotech Tanzania Limited.
• The contract involves the supply and installation of a Center Pivot Irrigation System in Tanzania.
• The order value represents approximately 1.51% of the company's TTM revenue of Rs 114 Cr.
• Currency conversion for the order was calculated at a rate of Rs 95.75 per USD.
• The order was officially dated July 24, 2026, and announced on July 28, 2026.

Chiraharit Ltd has been allotted 4,80,000 additional equity shares in its subsidiary, Malaxmi Polymers Private Limited (MPPL), for a cash consideration of Rs 48 lakh. This transaction, conducted via a rights issue at face value (Rs 10/share), maintains the company's 72% controlling stake in the subsidiary. MPPL manufactures HDPE/PVC pipes, which supports Chiraharit's core civil construction business. However, MPPL's revenue has shown a declining trend, falling from Rs 8.78 crore in FY24 to Rs 7.36 crore in FY26.

• Acquired 4,80,000 equity shares at a face value of Rs 10 each, totaling Rs 48,00,000
• Maintains a 72% controlling stake in subsidiary Malaxmi Polymers Private Limited (MPPL)
• MPPL reported FY26 revenue of Rs 7.36 crore, representing ~6.5% of Chiraharit's TTM revenue
• Subsidiary revenue has declined for two consecutive years from Rs 8.78 crore in FY24
• Investment amount of Rs 0.48 crore represents approximately 1.45% of Chiraharit's net worth

Chiraharit Ltd has secured a domestic purchase order from Tata Power Renewable Energy Limited (TPREL) for the supply and installation of borewell components. The contract is valued at Rs 55,99,500 excluding GST and involves providing pipes and fittings for a project in Maharashtra. The company is required to submit drawings within one week and complete the entire delivery by September 15, 2026. While the order value is relatively small, it establishes a business relationship with a major player in the renewable energy sector.

• Total order value of Rs 55,99,500 excluding GST
• Final delivery deadline set for September 15, 2026
• Drawing submission required within 1 week of the Purchase Order date
• Scope includes both supply of pipes/fittings and installation services in Maharashtra
• Delivery to be completed within 2 months from the date of MFC