The Company entered with Supplier''s Agreement with M/s Banil Casting Private Limited for supply of 400 MT of Iron Castings exclusively for National Fittings Limited and providing additional ....
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Awaiting price reaction for this filing.
National Fittings Ltd's Board has approved a Supplier Agreement with M/s Banil Casting Private Limited, Goa, for the exclusive supply of iron castings to National Fittings. The agreement targets a supply capacity of up to 400 metric tonnes (MT) per month, with an immediate increase of 160 MT starting 1 April 2026. To enable this higher output, National Fittings will provide additional equipment to Banil Casting. Importantly, Banil Casting is a related party — its directors Anil Kumar Agarwal and Arpit Agarwal, who are also directors of National Fittings, hold the entire shareholding of Banil Casting. The Audit Committee and Board approved the deal on 4 February 2026.
This is a related-party transaction that secures dedicated iron casting supply (up to 400 MT/month) for National Fittings, supporting production continuity and capacity expansion. However, shareholders should note the related-party nature of the deal, which warrants a close look at pricing fairness, as such arrangements can sometimes involve terms less favorable than arm's-length deals.