ANNOUNCEMENT UNDER REGULATION 30 OF LODR OF RECEIVING OF ORDER
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Awaiting price reaction for this filing.
Asston Pharmaceuticals has received a purchase order from a pharma company based in West Africa for the supply of various pharmaceutical products. The order value is USD 279,000 (roughly ₹2.3 crore) and is to be executed within 60 days (2 months). The order is purely international, and the consideration is denominated in US dollars. There is no related-party involvement, and the promoters have no interest in the entity that placed the order. The company describes this as a step to strengthen its position in the pharma industry.
This is a relatively small export order in absolute terms, so it is unlikely to materially move the stock. However, it signals that the company is beginning to win overseas business in hard currency, which could support future growth if more such orders follow.