Oval Projects Engineering Limited submitted a regulatory disclosure to BSE Limited regarding the incorporation of its joint venture company. This filing is made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to their prior intimation dated November 05, 2026.

The joint venture company, Oval Eiko Resources Private Limited (CIN: U35201MR2026PTC482646), was officially incorporated on November 12, 2026. The company obtained its Certificate of Incorporation from the Ministry of Corporate Affairs, Central Registration Centre on that date.

Joint Venture Details:

  • JV Partner: Eiko Scientific Solutions LLP
  • Purpose: To carry on business of renewable energy; compressed biogas; condensate stabilisation unit; industrial fuel and chemical unit; essential oil unit; engineered wood unit, etc.
  • Shareholding Structure: 50% ownership by Oval Projects Engineering Limited and 50% by Eiko Scientific Solutions LLP in Oval Eiko Resources Private Limited
  • Initial Capital Structure: Initial issued, subscribed and paid-up equity share capital of ₹5,00,000 (Rupees Five Lakh only), comprising 50,000 (Fifty Thousand) equity shares of ₹10 (Rupees Ten only) each, fully paid-up
  • Governance: Initially, both entities appointed one Director each to the JV company
  • Funding Commitment: Both JV partners will contribute equally (50% each) based on future funding requirements

Regulatory and Relationship Status:

  • The companies are independent entities and not part of the same promoter group
  • The subscription to the JV company's share capital does not qualify as a Related Party Transaction for Oval Projects Engineering Limited
  • Post-subscription, the JV company becomes an Associate Company of Oval Projects Engineering Limited and will be considered a Related Party

Important Note:

The formal Joint Venture Agreement has not yet been executed between the parties. The significant terms of the agreement will be updated and disclosed once the formal agreement is executed.

Additional Information:

The JV company's registered address is Unit No 504, Plot No C-9, Laaman Industrial Park, Wagle I.E., Thane, Thane-400604, Maharashtra. The company has been assigned PAN: AAFCO4493F and TAN: PNEO09131D.

The disclosure was signed by Nisha Kashyap, Company Secretary & Compliance Officer of Oval Projects Engineering Limited, on November 13, 2026.