Pursuant to Regulation 30 of SEBI (LODR), 2015, we inform that: - 1) Interstellar Testing Centre Pvt. Ltd., subsidiary of Qualitek Labs Ltd. has received IOCL contract for O&M of QC Lab ....
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Qualitek Labs has informed the stock exchange of two business developments. First, its subsidiary Interstellar Testing Centre Pvt. Ltd. has been awarded a 3-year contract by Indian Oil Corporation Limited (IOCL) for the Operation & Maintenance of QC Lab testing activities at IOCL's Panipat Refinery, valued at approximately ₹10.19 crore. Second, Qualitek Labs itself has acquired a Food Testing Laboratory in Mumbai through a slump sale for approximately ₹8.82 crore, marking its entry/expansion into the Food & Life Sciences testing segment. The combined value of these two events is roughly ₹19 crore, and the company has stated both are in the normal course of business.
Positive near-term development for shareholders — winning a prestigious PSU client like IOCL boosts revenue visibility, while the food testing lab acquisition diversifies the business beyond oil & gas testing, supporting future growth.