General Information

NSE Symbol*VR
Name of the Company*V R Infraspace Limited
BSE Scrip Code*000000
MSEI Symbol*NOTLISTED
ISIN*INE0QQM01017
Type of Announcement*New
Type of Agreement*Others
If Others, specify the type of the agreementMemorandum of Understanding (MOU) with Kevadiya Construction Private Limited
Disclosure on Stage of Agreement*Execution of agreement
Details of other stage of agreement
Agreements entered into by*1Listed Entity
Details of Other agreements entered into by
Whether Event/Information disclosed is an Outcome of Board Meeting?No
Date of occurrence of event*28-01-2025
Time of occurrence of event*18:15
Whether the Listed Entity is party to the agreement?Yes
Date of initial announcement
Date of latest announcement
Remarks (website dissemination)
Remarks for Exchange (not for Website Dissemination)
Date of Report 29-01-2025


Execution of agreement

Brief details of the Agreement*V R Infraspace Limited has entered into a Memorandum of Understanding (MOU) with Kevadiya Construction Private Limited on January 28, 2025, for the execution of the project titled “Dindigul City Municipal Corporation - Tamil Nadu Climate Resilient Urban Development Project - Providing Underground Sewerage System in Left-Out and Uncovered Areas”.
Date of Board / Committee Meeting approving the agreement
Whether proposed / executed agreement is in normal course of business*Yes
If No, provide reasons
Impact of agreement on management and control of the listed entity*NA
Number of Parties to the agreement*2
Sr. No.Name(s) of parties / counter parties of the agreement*Nature of the parties of the Agreement*Shareholding, if any, in the entity with whom the agreement is executed*Number of SharesPercentage of shareholdingWhether, the parties to the Agreement are related to promoter / promoter group / associate / holding / subsidiary / group companies / Director / KMP and its relatives in any manner.*Nature of relationship
1V R Infraspace LimitedParty entering into the agreement000.00%No
2Kevadiya Construction Private LimitedCounterparties to the agreement000.00%No
Whether the transaction would fall within related party transactions?
Whether the transaction is done at “arms length” basis
If No, provide details
Date on which agreement was entered*28-01-2025
Purpose of entering into the agreement*Memorandum of Understanding for the execution of the project titled “Dindigul City Municipal Corporation - Tamil Nadu Climate Resilient Urban Development Project - Providing Underground Sewerage System in Left-Out and Uncovered Areas”.
Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.;*The significant terms inter-alia include: - The Company will execute the entire project, subcontracted by Kevadiya Construction Private Limited, as per the work order issued by Dindigul City Municipal Corporation, Tamil Nadu, dated August 20, 2024. - The project is scheduled for completion by June 10, 2027, unless terminated earlier as per mutually agreed terms.
Whether there is any issuance / transfer of shares to the parties*No
Class of shares issued/transferred
Issue Price per share
Details and quantification of the restriction or liability imposed upon the listed entity*NA
Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc;
Any other disclosure w.r.t. compliance of any SEBI Act, Regulation, Circular or provision
Any other information The approximate value of the awarded project is Rs. 114.23 crores.
Remarks (for Website dissemination)The approximate value of the awarded project is Rs. 114.23 crores.
Remarks for Exchange (not for website dissemination)