Announced Tue, 9 Sept · 19:21 IST

Announcement under Regulation 30 (LODR)

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Darjeeling Ropeway Company Limited has received a purchase order worth Rs. 1 crore (Rs. 1,00,00,000) from HDL Foods India Private Limited for the supply of pulses. The order covers 1,00,000 KG each of Moong (Whole), Math, and Mausami Chana. The order is domestic in nature, and the time period for execution is mutually agreed between the parties. The company has confirmed that the order does not involve any related party transaction and promoters have no interest in the awarding entity. This marks the company's entry into food/agri-commodity trading alongside its ropeway business.

Likely market impact

Positive development as the company secures a Rs. 1 crore domestic order with no related party concerns, signalling diversification into food trading. For a small-cap firm, this is a meaningful new revenue stream, though execution remains to be seen.