Intimation of receiving new work order for 1000 units of Model IV Premium Cast Iron Benches amounting to INR 21500000
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Awaiting price reaction for this filing.
EP Biocomposites Limited has received a work order to manufacture, supply, transport, and install 1,000 units of Model IV Premium Cast Iron Benches valued at INR 2,15,00,000 (approx. INR 2.15 crores), exclusive of applicable taxes. The order has been awarded by Goa Tourism Development Corporation Ltd through M/s Om Ventures for installation at various tourism and public locations across the State of Goa. The project is to be executed by 31st March 2027. The company noted this is a repeat order, indicating continued demand for its products. Notably, the order is executed via a related party — M/s Om Ventures is owned by a Director of the company — though the transaction is described as at arm's length and in the ordinary course of business.
This order provides incremental revenue visibility of around INR 2.15 crores over the execution period, which is positive for the small-cap company. However, investors should note the related-party nature of the transaction and verify arm's-length pricing, even though the company asserts compliance.