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Mach Conferences and Events Limited has won a hospitality and travel management contract for an international group movement to Dubai (DXB) involving around 1,200 participants. The contract carries an estimated business value of ₹10 crore and will be executed within FY 2025-26. The order was awarded by a domestic Health Insurance Company and is not a related party transaction. This is being disclosed under SEBI Regulation 30 read with the November 11, 2024 SEBI circular.
This is a sizeable new order win that adds ₹10 crore of revenue visibility within the current financial year, which could be meaningful for a company of MCEL's size and may support near-term earnings. Shareholders should note the company is expanding its international group travel footprint, but the size of the overall order book and contract margins will determine the actual stock impact.