Stock hits 5% lower circuit after company gets 2 year debarment notice from NHAI for bidding in futureStock hits 5% lower circuit after company gets 2 year debarment notice from NHAI for bidding in future

Introduction:

Leading infrastructure consultancy firm has received a two-year debarment notice from NHAI, restricting future bid participation. The decision follows project-related concerns, though the firm asserts no financial or operational impact on ongoing projects and plans to explore legal recourse.

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Share price movement of Dhruv Consultancy:

On March 12, 2025, Dhruv Consultancy Services Ltd opened at ₹88.65, down 4.99% from its previous close of ₹93.14. The stock reached a high of ₹88.65 and a low of ₹88.49. By 10:28 AM, it traded at ₹88.49, with a market cap of ₹167.84 crore.

Dhruv Consultancy Faces NHAI Debarment:

Dhruv Consultancy Services Ltd has received a two-year debarment notice from the National Highways Authority of India (NHAI), effective March 11, 2025. The restriction prevents the company, Global Infra Solutions, and MS Consultant from bidding on future NHAI projects.

The debarment follows a show cause notice related to the Four Laning of Neraluru-Thorapalli Agraharam Section of NH-844, where Global Infra Solutions was the lead partner. Despite Dhruv Consultancy’s limited involvement, NHAI’s decision extends to all collaborating firms, raising industry concerns.

Dhruv Consultancy clarified that the ban does not impact its current order book or ongoing projects. The company plans to explore legal options and challenge the debarment if necessary. It assured stakeholders of its commitment to maintaining business continuity and expertise-driven contributions.

Stock performance of Dhruv Consultancy for Period of 1 week, 6 months, and 1 year:

Dhruv Consultancy Services Ltd has shown a strong 12.5% gain over the past week but remains under pressure with a 28.2% decline over six months and a 12.3% drop in the past year, reflecting mixed market sentiment.

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Shareholding pattern of Dhruv Consultancy:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	49.40%	59.00%	59.10%
FII	3.10%	2.70%	1.00%
DII	1.00%	0.00%	0.00%
Public	46.50%	38.30%	39.90%

About Dhruv Consultancy:

Dhruv Consultancy Services Ltd (NSE: DHRUV), incorporated in 2003, is a leading project management consultancy specializing in infrastructure. It provides expertise in highway design, project management, DPR, authority engineering, and quality control for highways, bridges, tunnels, environment, and ports.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.