Key Quantitative Figures
- Total value of purchase orders: ₹53.74 Crores (inclusive of all applicable taxes and duties)
- Period of order receipt: July 21, 2026 to August 19, 2026
- Confirmed Order Book for FY27 expands to ₹121.88 Crores
Product Details
The orders are for OEM assembly components across multiple categories:
- Bracket, Mounting, Support & Clamp
- Body, Casting, Housing & Manifold
- Cover, Flange & Plate
- Fastener, Plug & Fitting
- Spring
- Cam, Lever, Guide & Actuator
- Piston & Cylinder Components
- Rod, Axle & Shaft
- Diaphragm, Ring & Seal
- Bushing, Sleeve & Spacer
- Valve & Cock Components
- Gauge & Tooling
- Pipe, Tube & Nipple
- Electronics, Sensor & Sheet Metal
Customer Information
- Orders received from multiple domestic and international customers
- Customers operate in Aerospace, Defence, Railways, Semiconductor Machinery and Springs sectors
- Company restricted from disclosing customer names due to confidentiality obligations and Non-Disclosure Agreements (NDAs)
Execution Timeline
The orders are to be executed as per the respective purchase orders/contracts. No specific timeline provided.
Related Party Considerations
- Promoter/promoter group/group companies have no interest in the entities that awarded the orders
- Orders do not fall within related party transactions
Additional Corporate Update
The company provided an update on its investee company Quick Pay Private Limited (Quick Pay):
- Quick Pay has delivered its AASHVAST lab for the Indian Army
- The lab was inaugurated by General Dhiraj Seth, Chief of the Army Staff
- This establishes Quick Pay as an indigenous firmware assurance partner to the defence establishment
- The capability extends beyond UAVs to other electronic platforms
Management Commentary
Mr. Sridhar Acharaya, Managing Director, commented that the orders strengthen the confirmed order book and provide clear revenue visibility for FY27. He noted that a significant portion came from a customer that is part of a leading global manufacturing group, validating the company's execution track record. Regarding Quick Pay, he stated this positions the company as a first-of-its-kind indigenous firmware assurance provider for Indian Army electronics and expects it to build a recurring institutional defence relationship.
Company Background
Millworks Technologies Limited is a Bengaluru-based precision engineering manufacturer providing machined components, sheet metal parts, and integrated assemblies for mission-critical applications across railways, aerospace, defence, and semiconductor sectors. The company operates under both Build-to-Print (BTP) and Build-to-Spec (BTS) models. It has four manufacturing facilities in Bengaluru with capabilities in precision CNC machining, sheet metal fabrication, welding, EDM, laser cutting, assembly, and inspection. The company is AS9100D and ISO 9001:2015 certified and was listed on the BSE SME platform on July 21, 2026.