DEE Development Engineers Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
The company has secured new contracts with an aggregate value of ₹36 Crore (Inclusive of GST). The contracts are executed on a job work basis.
Key Contract Details:
- Entity Awarding Contract: Reliance Industries Ltd.
- Nature of Contract: Purchase Order for Pipe Shop Fabrication work.
- Contract Size: Approximately ₹36 Crore (Inclusive of GST).
- Type of Entity: Domestic Entity.
- Scope: Domestic.
- Execution Timeline: The work is to be completed within 9 months from the award date.
Significant Terms and Conditions:
The significant terms involve the fabrication work as detailed in the purchase order from Reliance Industries Ltd.
Related Party and Promoter Interest:
The company has confirmed that the promoter/promoter group/group companies do not have any interest in Reliance Industries Ltd., the entity that awarded the contract. Consequently, the contracts do not qualify as a related party transaction.
The disclosure was signed and submitted by Ranjan Kumar Sarangi, Company Secretary and Compliance Officer (Membership No.: F8604), on behalf of DEE Development Engineers Limited.