Panchmahal Steel Limited has submitted a regulatory disclosure to BSE Limited regarding its status as the Lowest Bidder (L1) in a tender process.
Nature of Disclosure: The company has been declared as the Lowest Bidder (L1) in a bid floated by Bharat Heavy Electricals Limited (BHEL) through the Government e-Marketplace (GeM) Portal. This disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and specifically references SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Key Details of the Contract:
- Awarding Entity: Bharat Heavy Electricals Limited (BHEL)
- Order Value: Approximately ₹38.70 crores (all inclusive)
- Nature of Contract: Supply of SS Wire as per TDC:RTE: 259/06 to BHEL - Boiler Auxiliaries Plant, Ranipet-632406
- Entity Type: Domestic Entity
- Execution Timeline: To be executed as per the Delivery Schedule of the Contract
Significant Conditions: The disclosure explicitly states that this represents the status of the Company as the L1 bidder on the GeM Portal and is subject to the issuance of a formal Letter of Award by the buyer (BHEL).
Related Party Transactions: The company has confirmed that neither the promoter/promoter group/group companies have any interest in BHEL, and that this order does not qualify as a related party transaction.
Regulatory Compliance: The disclosure includes all required details as specified in the SEBI circular and was digitally signed by Deepak Nagar, AVP (Legal) & Company Secretary, on September 19, 2026.
Financial Impact: The order value is quantified at ₹38.70 crores, though the exact financial impact on future periods will depend on the formal award and execution timeline.