Focus Lighting and Fixtures Limited has informed the Exchange that its Wholly Owned Subsidiary Company, Plus Light Tech FZE has bagged an order worth INR 2,10,00,000/- (AED 9,18,000) excluding VAT, from Centrepoint (Landmark Retail Investment Co. L.L.C).
FOCUS · price
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Focus Lighting and Fixtures Limited's wholly owned subsidiary, Plus Light Tech FZE, has won an order worth INR 2.1 crore (AED 9,18,000), excluding VAT, from Centrepoint, a major Middle East retailer owned by Landmark Retail Investment Co. L.L.C. Plus Light Tech FZE is based in the UAE, which means this is an international export order for the company. The order value excludes VAT and is denominated in UAE Dirhams (AED), a hard currency pegged to the US Dollar. Centrepoint is part of the Landmark Group, a well-known retail conglomerate in the Gulf region. No additional details on the contract duration, product mix, or delivery timeline were disclosed in the announcement.
This is a positive development showing the company's international expansion through its UAE subsidiary and a relationship with a large regional retailer. However, the order size of INR 2.1 crore is relatively modest, so the immediate impact on stock price or financials is likely limited unless it leads to repeat or larger orders.