Panchmahal Steel Limited has made a regulatory disclosure to the BSE Limited, Corporate Relationship Department, intimating the receipt of a significant purchase order.

Nature of the Event

The disclosure is an intimation of receiving a purchase order, made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It is a follow-up to a previous intimation dated 19th September, 2026, regarding the company being declared the Lowest Bidder (L1) in a bid floated by Bharat Heavy Electricals Limited (BHEL) through the Government e-Marketplace (GeM) Portal.

Key Quantitative Figures and Details

The company has received a purchase order from BHEL – Boiler Auxiliaries Plant, Ranipet. The specific details, as required by SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are provided in an annexed table:

  • Entity Awarding Order: Bharat Heavy Electricals Limited (BHEL)
  • Significant Terms: The terms and conditions are as per the Purchase Order dated 15.10.2026.
  • Awarding Entity Type: Domestic Entity – Govt. of India Undertaking.
  • Nature of Order: Supply of SS Wire as per TDC:RTE: 259/06 to BHEL - Boiler Auxiliaries Plant, Ranipet-632406.
  • Execution Time Period: To be executed as per the delivery schedule mentioned in the Purchase Order dated 15.10.2026.
  • Order Value: The total value of the Purchase Order is INR 25,25,33,820.00 (₹252.533.82 million / ₹252.53 crore).
  • Promoter/Group Interest: The promoter/promoter group/group companies have no interest in BHEL, the entity that awarded the order.
  • Related Party Transaction: The order does not fall within related party transactions.

Parties Involved

The order was awarded by Bharat Heavy Electricals Limited (BHEL), a Government of India undertaking, to Panchmahal Steel Limited. The disclosure was signed by Deepak Nagar, AVP (Legal) & Company Secretary.

Financial and Operational Impact

The receipt of this order for the supply of SS wires represents a significant business contract for the company with a stated value of ₹252.53 crore. The disclosure confirms the order is at arm's length and not a related party transaction.