In continuation to our Intimation dated April 17, 2026 regarding receipt of Lowest Bidder (L1) status for tender awarded by UP Jal Nigam, Varanasi, we wish to inform you regarding receipt ....

Order Above 5pct RevenueBusiness Updates View source PDF Explain this filing

EMSLIMITED · price

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Price reactionminutes from the announcement price · days from the prior close

+6.6%Reaction day

₹346.00

prior close

₹356.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+6.7% vs market

Waste Management peers, median of 7sector-0.3%+7.0% vs sector

On the reaction day the stock moved 6.7 pts more than Nifty Microcap 250 and 7.0 pts more than its Waste Management peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+6.6-0.1+6.7-0.3+7.0

Next day

+6.3+1.5+4.8+1.8+4.5

+6.6+3.1+3.5+2.3+4.4

+5.3+3.0+2.3+1.5+3.8

+2.0+1.6+0.4-2.4+4.4

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15d

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+21.7+8.9+12.8+1.1+20.5

+17.6+11.4+6.2-7.6+25.2

UpDownMarket · Nifty Microcap 250Sector · Waste Management peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

EMS Ltd has received a Letter of Award (LOA) from UP Jal Nigam (Urban), Varanasi for laying sewer network and house connection work across 18 problematic wards in Nagar Nigam, Varanasi. The contract covers surveying, soil investigation, design, and supply of materials for sewer network laying and house connections on a turnkey basis. The estimated order value is Rs. 14,379.53 lakhs (approximately Rs. 143.80 crore), excluding GST. The project has a timeline of 24 months for execution. This follows the company's earlier intimation dated April 17, 2026 regarding L1 (lowest bidder) status for the same tender.

Likely market impact

The award of this Rs. 143.80 crore government contract represents a substantial win for EMS Ltd, providing revenue visibility over the next 2 years. Given the size of this domestic infrastructure order, it could meaningfully contribute to the company's order book and revenue growth prospects.