Bondada Engineering Promoter Dr. Raghavendra Rao Acquires Additional 7,800 Shares

Bondada Engineering Limited has disclosed that its promoter Dr. Bondada Raghavendra Rao acquired additional equity shares through open market purchase. The company filed the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with BSE Limited on February 13, 2026. Share Acquisition Details Dr. Bondada Raghavendra Rao purchased 7,800 equity shares through open market transactions on February 12, 2026. The acquisition represents 0.007% of the company's total share capital. Parameter: Details Shares Acquired: 7,800 Acquisition Date: February 12, 2026 Mode of Acquisition: Open Market Percentage of Total Capital: 0.007% Shareholding Pattern Changes The acquisition resulted in a marginal increase in the promoter's shareholding percentage. Dr. Raghavendra Rao's total holding increased from 5,02,52,000 shares to 5,02,59,800 shares. Shareholding: Before Acquisition After Acquisition Change Number of Shares: 5,02,52,000 5,02,59,800 +7,800 Percentage Holding: 45.031% 45.038% +0.007% Company Capital Structure Bondada Engineering Limited's equity share capital remains unchanged at Rs. 22,31,86,970, divided into 11,15,93,485 equity shares of Rs. 2 each. The company's shares are listed on BSE Limited. Regulatory Compliance The disclosure was made in compliance with SEBI regulations governing substantial acquisition of shares and takeovers. Dr. Bondada Raghavendra Rao confirmed his status as a promoter of the company and that no persons are acting in concert with him for this acquisition. The transaction involved no encumbrances, voting rights other than equity shares, or convertible securities. Bondada engineering Limited has secured a significant milestone in its strategic expansion with the sanction of credit facilities from Canara Bank for its Battery Energy Storage System (BESS) project with Tamil Nadu Generation and Distribution Corporation Limited (TNGECL). The company announced this development on February 11th, 2026, through a regulatory filing with BSE Limited. Strategic Milestone and Financial Structure This sanction represents the company's first large-scale, bank-funded term loan, marking a pivotal shift towards an asset-ownership model designed to generate stable, long-term annuity-based revenue streams. The project structure demonstrates the company's evolution from traditional contracting to sustainable asset ownership. Parameter: Details Funding Bank: Canara Bank Project Partner: TNGECL Project Type: Battery Energy Storage System (BESS) Viability Gap Funding: INR 108 Crore Strategic Significance: First large-scale bank-funded term loan Project Viability and Government Support The BESS project qualifies for Viability Gap Funding aggregating to INR 108 Crore, providing additional financial support for the initiative. This funding mechanism reflects the government's commitment to promoting energy storage solutions as part of India's broader energy transition strategy. The successful financial closure demonstrates strong lender confidence in Bondada Engineering's execution capabilities, project viability, and governance framework. This confidence positions the company to complete the project within committed timelines while maintaining operational excellence. Alignment with National Energy Objectives The development aligns strategically with India's national energy transition objectives, particularly supporting the Government of India's emphasis on energy storage solutions. These systems play a crucial role in: Supporting renewable energy integration Enhancing grid stability Facilitating efficient energy management Contributing to sustainable power infrastructure The recent Union Budget's substantial enhancement in VGF for BESS projects further reinforces the sector's long-term growth potential and policy support, creating a favorable environment for such initiatives. Future Strategic Direction Bondada Engineering Limited has outlined its commitment to scaling its renewable energy and energy storage portfolio through disciplined capital allocation, robust governance, and operational excellence. 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