In continuation of our letter dated 18th July 2025 and pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we wish to inform you that the Company has received Letter of Intent Ref. No: RECPDCL/TBCB/Velgaon/2025-26/2898 dated 23rd November 2025 from REC Power Development and Consultancy Limited for 'Establishment of 400/220 kV Velgaon Substation (GIS) through Tariff based Competitive Bidding (TBCB) Process.