Marsons Limited announced it has received a purchase order worth ₹17,93,60,000.00 (including GST) from S.T. Electricals Pvt. Ltd. The order is for the supply of 10 MVA Power Transformers.
Key Details of the Order:
- Client Entity: S.T. Electricals Pvt. Ltd.
- Order Value: ₹17,93,60,000.00 (including GST)
- Nature of Order: Domestic order for supply of 10 MVA Power Transformers
- Execution Timeline: 6 months
- Geographic Scope: Domestic (India)
Regulatory and Governance Disclosures:
- The disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The company confirmed that promoters/promoter group/group companies have no interest in S.T. Electricals Pvt. Ltd.
- The order does not qualify as a related party transaction.
- The transaction is confirmed to be at "arm's length."
The annexure provides complete disclosure as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015.