Pursuant to applicable SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 as amended and Company''s Policy for determining materiality for disclosures, this is to inform ....
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Innovators Facade Systems Ltd has secured a work order worth INR 48.82 Crores (excluding taxes) from M/S Ebisu Tech Park Pvt. Ltd for the 'Swift Project' in Bengaluru, Karnataka. The scope covers design, fabrication, supply, and installation of facade and BMU (Building Maintenance Unit) works. The order is from a domestic entity and is to be executed over 14 months from commencement. The transaction is not a related party transaction and promoters have no interest in the awarding entity.
This is a sizeable new order that strengthens the company's order book and provides revenue visibility for the next ~14 months. For a small-cap facade company, an order of nearly Rs 49 Cr is meaningful and indicates continued business traction in the commercial real estate segment.