BR Goyal Infrastructure Terminates Kevadiya Construction Sub-Contract

Key Event Details

The sub-contract agreement for Construction and Operation & Maintenance for 5 years of Underground Sewerage System to left out areas in Mayiladuthurai Municipality between Kevadiya Construction Limited (KCL) and B.R.Goyal Infrastructure Limited has been terminated with mutual consent effective 25 July 2026.

Termination Details from Annexure A

• Parties to agreement: Kevadiya Construction Limited (KCL)
• Nature of agreement: Termination/Cancellation Agreement
• Original agreement date: 18 June 2025
• Termination date: 25 July 2026
• Reasons for termination: Owing to operational and commercial reasons, KCL requested termination
• Termination terms: Mutual agreement with terms and conditions set forth in the original Sub-Contract Agreement
• Project responsibility: KCL retains full responsibility for further execution of the Project directly with the Employer

Financial Impact

Financial impact not quantified in the disclosure.