Akash Infra-Projects Limited — Capital/Financing Update 2019

Nov 6, 2019

Ph. 491-79-23227006 Fax : +91-79 23231006 E mad : infogakashinfra..Corn Web www.akashicifra..com +91-79-23227006

Regd. Office:

2, O F,, Anhietiek Opp. HOW Hayek Secb-11, Gandbinecar-382011. Gujarat. (INDIA) E-mail irtioGskashinfra,com Web . www.akashintra.com 2, G.F., Abnishek Opp. Hotel Haveli, Sector-11, Gandhinagar-382011, Gujarat. (INDIA)

C114 -U45209G)1999PLC4313003

Date: 6th November, 2019 601November, 2019

To,

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 SYMBOL: AKASH Exchange Plaza, Bandra (East), Mumbai - 400 051 SYMBOL: AKASH Sub.i Intimation regarding Work Order.

Dear Sir/Ma'am,

Sub.: Intimation regarding Work Order.

With regard to the above captioned subject matter, we would like to inform that M/s. Akash Infra-Projects Limited has received a work order from Office of the Executive Engineer, Ahmedabad (R&B) Division of Rs. 26,S7,55,067.70/- (Rupees Twenty Six Crore Fifty Seven Lakhs Fifty Five Thousand Sixty Seven and Seventy paise Only) for "Widening of Mandal-Endala-Rampura-Sangpura Road (Widening 3.66 Mtr. To 7.00 Mtr.). With subject matter, Limited has received a work order from Office of the Executive Engineer, Ahmedabad (R&B) Division of Rs. 26,57,55,067.70/- (Rupees Twenty Six Crore Fifty Seven Lakhs Fifty Five Thousand Sixty Seven and Seventy paise Only) for "Widening of Mandal-Endala-Rampura-Sangpura Road (Widening 3.66 Encl: As above Dear sir/Ma'am, Sevetrty Paise OnlY) for

A Copy of Work Order is enclosed herewith. A Copy ofwod( Ord€r is endos€d herewitll

Kindly take the same on your records. Kindly take ille same on your rccoros'

Thanking you, Thanking You

Yours faithfully, Yours hithfrtllY,

FOR AKASH INFRA-PROJECTS LIMITED

14u0Avo-'6 FOR AKASH INFRA-PROJECTS LIMITED ik kellot

PRIYANKA MUNSHI COMPANY SECRETARY AND COMPLIANCE OFFICER PRIYANKA MUNSHI PRIYANKA MUNSTTI li'riffi iiiiiiir*v AND cor,pUAI{cE oFRcER

End: As above Encl: As above

AKASH INFRA-PROJECTS LTD. BUILDERS OF RELIABLE ROADS CIN 44.5209G.11999PLCO216003 40 AKASH LTD. BUILDERS OF RFI (ABLE ROADS

By R.P.A.D. No. AB/Tender/ 11 4j / of 2019 Office of the Executive Engineer, Ahmedabad (R8.(13) C - Block, 211d floor, Multistoried Building, Drive - in - Road, Vastrapur, Ahmedabad - 380 052. Date : j_ /I /2019

WORK ORDER

To,

M/s. Akash Infra Project Ltd. , ,?'Ground Floor, Abhishek Building, Opp. Hotel Haveli, Sector No.-11, Gandhinagar - 382 011.

5054 - LUMP Tender ID No.: 359481 B-2A ,OF 2019-20

Sub'ect: Widening of Mandal - Endala - Rampura - Sangpura Road Km. 0/0 to 32/680. (Widening 3.66 Mtr. to 7.00 Mtr.)

Reference: 1. GOG Letter No.: S-11/ 2019/362084/ D, Date:18/10/2019

1. Superintending Engineer, R & B Circle-1, Ahmedabad Letter No.: G-41/ TC/ AT ROAD/ 3929, Dtae:19/ 10/ 2019

Sir,

• 1. As you have paid Security Deposit as per detailed given here under and signed and completed the tender documents. Your tender amounting to Rs.26,57,55,067.70 against the Estimated amount of Rs.41,01,94,381.45 with 35.21% Below hereby accepted by Government of Gujarat reference Letter No. 1. You are, therefore, requested to start the above noted work in consultation with the Deputy Executive Engineer, R & B Sub Division, Viramgam and completed the same within stipulated period of 18 (Eighteen) Months. The Date of Order to start the work will be considered from the date of this letter.
• 1. Details of Security Deposit paid as under :
  • a. Rs.1,03,36,122.00 Security Deposit F.D.R. No. 1557952, Date:23/10/2019 of Oriental Bank of Commerce, Gandhinagar Branch valid up to Date:23/10/2021.
  • b. Rs.2,06,72,244.00 Performance Bond Bank Guarantee No. 01700044419, Date:23/I0/2019 of Oriental Bank of Commerce, Ashram Road Branch valid up to Date:21/10/2021.
  • c. Rs.1,03,36,122.00 remaining Security Deposit shall be recovered from the R. A. Bills.
• 3. Your letter dated --- shall from a part and parcel of the Contract Agreement.
• 4. No Excess or extra work should be executed without prior permission of the Competent Authority in writing.
• 5. All materials to be used in work should confirm to the specification, wherever required after due approval of the undersigned Other materials should be got approved from the Dy. Ex. Engineer or undersigned prior to bringing on site of work.
• 6. The date of commencement and completion of the work should be intimated to this office.
• 7. Name of the authorized technically qualified supervising personnel for the above noted work may be intimated stating his technical qualification and the same person should remain present on site during course of execution of the work.
• 8. Necessary arrangement as per the Norms, for required machinery and Man power shall have to be made by you.
• 9. Collect the Labour license & submit to this office within 15 days.

PR' 0.2.1a01 —26 PROS.- 0.2.1.2.0/

The certified copy of the accepted tender for the above-noted work in .is also sent plant for the work may be obtained from the Dy. Ex. Engineer charge of herewith. The the work. The certified copy of the accepted tender for the above-noted work is also sent herewith. The plant for the work may be obtained from the Dy. Ex. Engineer in charge of

PAN Card No: AADCA3708M •

Encl: 1 True Copy of the Accepted Tender & Form No. 5 for Labour License

*Yours Faithfully, 4°-4 * Executive Engineer Ahmedabad (R&B) Division Ahmedabad PAN Card No: AADCA3708M Encl: 1 True Copy of the Accepted Tender & Form No. for Labour License Yours Faithfully, tic1-41 Executive Engineer Ahmedabad (R&B) Division Ahmedabad

• > Copy with copy of Accepted Agreement forwarded to the Deputy Executive Engineer, R & *B*Sub Division, Viramgam for information Sr necessary action. â Copy with copy of Accepted Agreement forwarded to the Deputy Executive Engineer, R &
• 1. The Date of commencement and actual completion of the work should be intimated to this office. B Sub Division, Viramgam for information & necessary The intimated to this office.
• 2. He should see that the work is carried out by the contractor as per contract documents and within the stipulated time-limit. He should see that the work is carried out by the contractor as per contract documents and
• 3. He should see that there should not be any increase or decrease in quantities without prior permission of the Competent Authority in writing. 3. He should see that there should not be any increase or decrease in quantities without prior permission of the Competent Authority in writing.
• 4. He shall always propose in part rate statement for 10% withheld amount for the misc. work items in the work execution of asphalt item as per tender clause/condition. In the same way he shall propose in part rate statement for 5% core testing where necessary as per tender clause/condition. 4. the misc. items in the work execution part rate where necessary For the unbalanced item in the tender as per the Govt. Circular No. GOG/R&BD No.
• 1. For the unbalanced item in the tender as per the Govt. Circular No. GOG/R&BD No. PARCH/102008/(61)/S Dated 27 / 11 / 2008 & included in the agreement at clause 1(a), the intrim payment is to be proposed as P. R. as per tender condition & F. R. is to be proposed in Final Bill only. This may be followed strictly. End : As above 1(a), intrim payment proposed as P. R. tender condition & F. R. is Encl : As above
• Copy to Office of the Accountant General (G&SSA), Gujarat, Annexe Building, Race Course Road, Rajkot - 360 001 for information & necessary action. The true copy of accepted agreement is enclosed. Encl : As above Office of the Accountant General (G&SSA), Gujarat, Annexe Building, Race Road, Rajkot action. The
• Copy to Auditor, Viramgam for information Sr necessary action. The true copy of accepted agreement is enclosed. End : As above Encl : As above Viramgam for information & necessary agreement is enclosed.
• Copy to Executive Engineer, Quality Control (R & B) Division No. 1, Block No. C/5, 5th Floor, Multistoried Building, Vastrapur, Ahmedabad - 380 052 for information & necessary action. Encl : As above :e Copy to Executive Engineer, Quality Control (R & B) Division No. 1, 5th & necessary e Copy to P. B. • Copy to Geologist Officer, Geology & Mining Department, Kacheri,
• Copy to P. B.
• Copy to Geologist Officer, Geology & Mining Department, Old Collector Kacheri, Gheekanta Char Rasta, Ahmedabad - 380001. Gheekanta Char Rasta, Ahmedabad - 380001.
• Copy to Budget Clerk. Copy to Budget Clerk.
• Copy to, T. C. for selected Work Order File. Copy to, T. File. Jig

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