Core Announcement – Order Details
Awarding Entities:
- T Second India Private Limited (Wholly Owned Subsidiary of T Second Inc, USA)
- T Second Inc, USA
Domestic/International Order:
The original single international order has been bifurcated into one domestic and one international order.
Nature of Order/Contract:
The scope for both revised orders remains "NVME drives supply".
Order Value:
- From T Second India Private Limited (Domestic): ₹22,77,74,191/- (Rupees Twenty-Two Crores Seventy Seven Lakhs Seventy-Four Thousand One Hundred and Ninety-One Only). Equivalent to $23,94,850.08 at an exchange rate of US $1 = ₹95.11.
- From T Second Inc, USA (International): ₹4,92,76,103/- (Rupees Four Crores Ninety-Two Lakhs Seventy-Six Thousand One Hundred and Three Only). Equivalent to $5,18,095.92 at an exchange rate of US $1 = ₹95.11.
- Total Value of Revised NVME Orders: ₹27,70,50,294.06 (Matching the original single order value).
Materiality Context:
The bifurcation was due to the "operational requirement of the material in India as well". The total quantity, specifications, and aggregate value remain unchanged from the original disclosure.
Execution Timeline:
The time period for execution for both revised orders is Up to 30-06-2026.
Revenue Recognition / Billing Structure:
Not Specified.
Key Terms & Payment Milestones:
Not Specified.
Whether Related Party Transaction:
No. For both T Second India Private Limited and T Second Inc, USA, the company states: "Not a related party and hence issue of Arm's length is not applicable."
Promoter Group Involvement:
No. The disclosure explicitly states "No" for both entities.
Financial Implication:
Not Specified. The disclosure only confirms the total value remains unchanged.