Contract Awards Received
The company has received two Letters of Acceptance (LOAs) from Municipalities in Tamil Nadu:
1. Thirunindravur Municipality - Contract value: ₹71,05,316/- (Rupees Seventy-One Lakh Five Thousand Three Hundred Sixteen only)
- Project: Selection of Food Service Provider for Perunthalaivar Kamarajar Morning Breakfast Scheme to School Children
2. Aruppukottai Municipality - Contract value: ₹5,12,74,314/- (Rupees Five Crore Twelve Lakh Seventy-Four Thousand Three Hundred Fourteen only)
- Project: Selection of Food Service Provider for Perunthalaivar Kamarajar Morning Breakfast Scheme to School Children in Aruppukottai
Aggregate Contract Value: ₹5,83,79,630/- (Rupees Five Crore Eighty-Three Lakh Seventy-Nine Thousand Six Hundred Thirty only)
Contract Specifications
- Awarding Entities: Thirunindravur Municipality and Aruppukottai Municipality, Tamil Nadu (Domestic entities)
- Nature of Contracts: Food service provider/catering services under the Perunthalaivar Kamarajar Morning Breakfast Scheme
- Geographic Scope: Domestic
- Contract Duration: Three years
- Significant Terms: The company has been selected as Food Service Provider for implementation of the breakfast scheme for school children. Services must be provided in accordance with respective tender documents and applicable terms and conditions.
Next Steps Requirements
The respective LOAs require:
- Furnishing of Security Deposit
- Execution of the agreement
- Formal work orders will be issued after these requirements are completed
Related Party Considerations
- Promoter/promoter group/group companies have no interest in the entities that awarded the contracts
- The contracts do not fall within the ambit of related party transactions
- Transactions are confirmed to be at arm's length
Company Commitment
The Company will comply with the terms and conditions stipulated in the respective LOAs and tender documents.
#Tags: #KothariIndustrialCorporation #ContractAward #SEBIDisclosure #RegulatoryCompliance #FoodServices #Positive