Disclosure under Regulation 30 of the SEBi Listing Regulations for receipt of an award of order.
Price
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Awaiting price reaction for this filing.
Precision Electronics Ltd has been awarded an order worth approximately Rs. 60 Lakh from a domestic customer in the Aerospace & Defense segment. The order is for the supply of Masts with accessories as per the customer's specifications. The customer's identity has been withheld due to confidentiality and commercial sensitivity. The order is to be executed within the current financial year and is not a related party transaction.
This is a relatively small order and is unlikely to meaningfully move the stock or financials on its own. However, it adds to the company's presence in the defence segment, which is a strategic growth area.