Shree Marutinandan Tubes Limited has received a purchase order from Value Fashion Retail Limited, an entity belonging to the Arvind group. The order was awarded on June 22, 2026.

Order Details

  • Awarding Entity: Value Fashion Retail Limited (Arvind group entity)
  • Order Value: ₹2.2444 Crore (₹2,24,43,600) including GST
  • Nature of Work: Execution of plumbing, compressed air, steam and condensate piping work
  • Purchase Order Number: 3500580671

Contract Terms

  • INCOTERM: DAP (Arvind Site)
  • Payment Terms: 95% payment within 30 days, 5% retention until Defect Liability Period
  • Liquidated Damages: 0.5% per week, subject to maximum of 5% of contract value
  • Warranty Period: 6 months
  • Defect Liability Period: 12 months

Execution Timeline

  • Delivery Date: July 23, 2026 (completion schedule as mutually agreed)
  • Post-delivery warranty and defect liability periods apply as specified

Business Context

  • This order is in the ordinary course of business
  • Awarded by a domestic entity
  • No promoter/promoter group/group companies have any interest in Value Fashion Retail Limited
  • Does not qualify as a related party transaction