Pursuant to Reg 30 of SEBI(Listing obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has received 12 Purchase Orders from a New Customer ....
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Kranti Industries has received 12 purchase orders from Armoured Vehicles Nigam Limited – Machine Tool Prototype Factory (AVNL-MTPF), a Defence Public Sector Undertaking under the Ministry of Defence, for machining of precision components for defence applications. The total order value is approximately ₹47 lakhs, to be executed within 3 months. This marks the company's first-ever entry into the defence manufacturing segment, representing a strategic diversification into high-margin precision engineering. The new customer is domestic, and there is no related-party interest in the awarding entity.
While the ₹47 lakh order size is modest, the strategic significance is meaningful as it opens the defence PSU order book for the company, paving the way for potentially larger follow-on orders in a high-margin segment. Shareholders should watch for repeat or larger orders from AVNL or other defence entities as a positive leading indicator.