Nitin Fire Protection Industries Limited has informed the Exchange about Bagging/Receiving of orders/contracts
Awaiting price reaction for this filing.
Nitin Fire Protection Industries has received a domestic order from the Indian Institute of Management (IIM) Mumbai for supply and installation of Fire Fighting System and Addressable Fire Alarm System. The order is valued at Rs. 25.96 lakh (inclusive of all taxes) and is to be executed within 4 months from the order date of July 16, 2025. Terms include a 50% performance bank guarantee, 2.5% retention on running and final bills, a 12-month defect liability period, and liquidated damages capped at 10% of the contract value. This is a follow-up disclosure to the company's earlier intimation dated July 30, 2025.
The order size is relatively small and is unlikely to have a material impact on the company's financials or stock price. It indicates ongoing business activity in the institutional segment but is not a significant revenue driver on its own.