The Company has received an order from Tata Projects Limited - details enclosed.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Artson Ltd has received a purchase order worth Rs. 6.47 Crores (including taxes) from Tata Projects Limited (TPL) for the supply of finished structures. The order is domestic, on an item rate basis, and is to be executed within 4 months. Importantly, TPL is the Promoter and Holding Company of Artson Ltd, making this a Related Party Transaction (RPT). The company has clarified that the transaction is conducted in the ordinary course of business and at arm's length pricing.
A modest positive for order book visibility, but investors should note this is a related party transaction with the parent company, which is disclosed as being at arm's length. The order size is relatively small, so limited direct impact on stock price is expected.