Core Announcement – Order Details
Awarding Entity: Chalo Mobility Private Limited ("Chalo Mobility")
Domestic/International Order: Domestic
Nature of Order/Contract:
Exclusive Advertising Rights on the interior and exterior of CHALO premium buses operating on key arterial roads across Mumbai.
Order Value:
Gross advertising revenue of approximately Rs. 36 crores.
Materiality Context:
Not Specified.
Execution Timeline:
5-year contract.
Revenue Recognition / Billing Structure:
Not Specified.
Key Terms & Payment Milestones:
Not Specified.
Whether Related Party Transaction:
No. The disclosure explicitly states "Not applicable."
Promoter Group Involvement:
No. The disclosure explicitly states that the promoter/group companies have no interest in Chalo Mobility.
Financial Implication:
Not Specified.