Announcement Under Regulation 30 of SEBI (LODR) Regulation, 2015
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Candour Techtex Limited has signed a five-year Job Work Agreement with RITA International, a domestic partnership firm, valued at Rs. 90 Crore. Under the deal, Candour will manufacture and supply all types of Plastic Moulded Crates, with an annual moulding commitment of 1,800 metric tonnes. The order is from a domestic entity, and the company has confirmed there is no promoter or group company interest in RITA International, nor is it a related-party transaction. The agreement runs for five years from execution.
This Rs. 90 Crore order provides a long-term revenue pipeline for Candour Techtex over five years and signals business expansion in the plastic moulded crates segment. For shareholders, it is a positive development as it locks in multi-year order visibility, though the stock reaction will depend on the size of the contract relative to the company's existing revenue base.