Nature of Disclosure: Regulatory filing pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Key Event: The company has received two Regular* Letters of Intent (LOI 1 and LOI 2) from an Indian customer on October 14, 2026.
Project Details:
- Nature of Work: Façade work encompassing design, engineering, manufacture, procurement, and installation at site basis.
- Location: Projects to be executed in India.
- Client: A domestic Indian entity.
- Execution Timeline: 24 months from the order effective date.
Order Classification & Value:
- The orders are classified as 'Regular' as per the company's internal classification.
- A 'Regular Order' is defined as an order value of up to ₹50 crore (excluding taxes) per order.
- The disclosure states two separate LOIs, each classified as 'Regular', implying a combined potential value of up to ₹100 crore (excluding taxes). The exact value is not quantified.
Related Party Considerations:
- The promoter/promoter group/group companies have no interest in the entity that awarded the orders.
- The orders do not qualify as related party transactions.
Regulatory Compliance:
- The disclosure is made in compliance with SEBI Listing Regulations, Regulation 30.
- The specific format is mandated by SEBI Circular dated January 30, 2026.