Hirect Secures First Vande Metro Order from Indian Railways

Hirect Limited has secured its first development order for Vande Metro (Namo Bharat) trainset from Indian Railways. The disclosure is made pursuant to Regulation 30 of the SEBI Listing Regulations, 2015.

Order Details

• Entity Awarding Order: Indian Railways
• Nature of Order: Supply Order
• Geographic Scope: Domestic order from domestic entity
• Execution Timeline: Order must be executed within 21 months from receipt
• Order Value: Approximately ₹60 crores
• Significant Terms: As per terms and conditions of Railway

Transaction Relationships

• Promoter/Promoter Group Interest: No interest exists in the entity that awarded the order (Indian Railways)
• Related Party Transaction: The order does not constitute a related party transaction