SoftTech Launches EV Approval Platform; Shares Jump

Mumbai, April 28: SoftTech Engineers Limited said Tuesday it has launched a single-window approval platform for electric vehicle (EV) infrastructure on national highways, in collaboration with the National Highway Electric Vehicle initiative.

The platform is aimed at simplifying a process that has typically involved multiple approvals across departments, often slowing project execution. Built on the company’s Civit platform, it brings together site identification, compliance checks, application processing and approvals into a single digital workflow.

It is designed for a range of stakeholders, including developers setting up charging stations, landowners offering sites and service providers involved in execution, allowing them to operate within one integrated system.

Stock Market Snapshot

SoftTech Engineers Limited share price rose sharply following the announcement, indicating strong investor interest.

At 12:57 p.m. IST, the stock was trading at ₹369.29, up ₹17.58, or 5.00%, from its previous close of ₹351.71, according to exchange data. The stock gained early in the session and held those levels through midday trading.

The move suggests investors are assigning strategic value to the company’s entry into infrastructure-focused platforms, even as near-term revenue visibility remains limited.

Addressing a Key Bottleneck

The rollout comes as EV infrastructure development in India continues to face delays linked to fragmented approval processes and coordination challenges.

By offering a unified and trackable system, the platform aims to reduce these inefficiencies, making it easier for projects to move from planning to execution.

Expanding Beyond Core Business

For SoftTech Engineers Limited, the platform marks a step beyond its traditional architecture, engineering and construction software business into infrastructure governance.

The collaboration with the National Highway Electric Vehicle initiative could support adoption, particularly if integrated into broader public infrastructure programs.

Outlook Hinges on Adoption

While the market reaction has been strong, the longer-term impact will depend on how widely the platform is adopted by government agencies and private participants.

Analysts generally expect such initiatives to scale gradually, with financial benefits emerging as usage increases and workflows become standardized.

For now, the launch signals a shift in positioning — from providing software tools to playing a role in how EV infrastructure projects are planned and executed.

Source:

• https://www.nseindia.com/get-quote/equity/SOFTTECH/Softtech-Engineers-Limited
• https://nsearchives.nseindia.com/corporate/SOFTTECH_28042026122040_28042026_SoftTech_EV_PressRelease.pdf