Our disclosure dated August 08, 2025 regarding receipt of LOI/Communication from BrahMos Aerospace Private Limited and Bharat Dynamics Limited by Allen Reinforced Plastics Limited, step ....
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Jaykay Enterprises has updated its earlier disclosure confirming that its step-down subsidiary Allen Reinforced Plastics Limited has received Letters of Intent (LOI) from two defence companies. BrahMos Aerospace Private Limited issued an LOI worth approximately Rs. 94.45 Crores (including GST) for manufacturing composite parts, while Bharat Dynamics Limited issued an LOI worth approximately Rs. 15.90 Crores (including GST) for making composite air frames and launcher tubes. Both are domestic defence orders and together represent a combined potential value of around Rs. 110.35 Crores. These LOIs are not yet definitive orders but are expected to strengthen Allen's project pipeline and contribute to future revenues once converted.
This is a positive development for Jaykay Enterprises as it validates the defence-focused business of its subsidiary and adds meaningful revenue visibility. Defence PSU orders typically carry lower counterparty risk and could support long-term growth, though the stock reaction may be limited until the LOIs convert into confirmed orders.