Admach Systems Receives ₹79.18 Crore Steel Order

Nature of the Disclosure

Admach Systems Limited has intimated the receipt of a purchase order, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/PoD2/P/CIR/P/0155 dated November 11, 2024.

Key Quantitative Figures

The purchase order is valued at ₹791.80 lakhs (including GST). The company's total order book, as disclosed, now stands at ₹76.25 Crores (with GST).

Parties Involved

The order was awarded by a renowned listed domestic company engaged in the steel industry. The company has confirmed that its promoters, promoter group, or group companies have no interest in the entity that awarded the order. The transaction is not a related party transaction.

Significant Terms and Conditions

The payment terms for the order are as follows:

• 20% of the basic value is payable upon submission of an Advance Bank Guarantee.
• 70% of the basic value (with 100% tax) is payable against inspection and a Proforma Invoice.
• The balance 10% of the basic value is payable after successful commissioning and against submission of a Performance Bank Guarantee. This guarantee must be valid for 12 months from the date of successful commissioning or 18 months from the date of dispatch, whichever is earlier.

Nature of Order

The order is for the supply of Non-Destructive Testing (NDT) Equipment and Processing Equipment for Steel Bars.

Execution Timeline

The order is to be executed within 26 weeks from the date of the purchase order.