Announcement under Regulation 30 of SEBI Listing Regulations - Receipt of order from BrahMos Aerospace Private Limited by Allen Reinforced Plastics Limited, a step down subsidiary of the Company
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Jaykay Enterprises' step-down subsidiary Allen Reinforced Plastics has received a confirmed order from BrahMos Aerospace Private Limited, the Indo-Russian defence missile systems company, valued at approximately Rs. 94.45 Crores (including GST). This converts a Letter of Intent announced on August 11, 2025, into a definitive order. The work involves manufacturing composite parts for BrahMos, a major domestic defence entity. The order is domestic, not a related-party transaction, and BrahMos is independent of Jaykay's promoter group. No specific delivery timeline has been disclosed beyond the contractual terms.
Positive for the stock — a confirmed defence order of this size strengthens the order book at the subsidiary level, gives revenue visibility, and de-risks the earlier LOI. Retail investors should note the value flows through a step-down subsidiary, so direct impact on Jaykay Enterprises' consolidated revenue depends on consolidation terms.