Marine Electricals (India) Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Order Above 5pct RevenueBusiness Updates View source PDF Explain this filing

MARINE · price

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Price reactionminutes from the announcement price · days from the prior close

+3.2%Reaction day

₹238.81

prior close

₹243.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+2.5% vs market

Industrial Products peers, median of 128sector+0.0%+3.2% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 3.2 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

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Reaction day

+3.2+0.7+2.5+0.0+3.2

Next day

+3.8+0.7+3.2+0.1+3.8

+13.9+0.0+13.8-0.3+14.2

+4.3-1.1+5.3-1.8+6.1

+8.4+0.0+8.4-0.4+8.9

+5.7+0.3+5.4-0.3+6.0

+4.4+1.1+3.2-0.2+4.5

15d

+11.3+4.9+6.5+1.8+9.5

+14.5+5.3+9.2+2.8+11.7

+13.4+6.9+6.6+3.6+9.9

+57.3+11.9+45.4+2.9+54.4

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 128Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Marine Electricals (India) Limited has announced receiving orders totaling Rs. 96.40 crores (excluding taxes) from Princeton Digital Group (India) Management Private Limited. The orders are for the supply of power distribution systems. The delivery timeline is 12-14 months. The company clarified that no promoters or promoter group have any interest in the transaction, and it does not qualify as a related party transaction. The disclosure is being made under Regulation 30 of SEBI LODR Regulations for good corporate governance.

Likely market impact

This is a positive development as the Rs. 96.40 crore order represents significant new business for the company, likely exceeding 5% of annual revenue given the order size. The 12-14 month delivery timeline will provide revenue visibility over the next fiscal year.