Revisionary filing of intimation made about the receipt of purchase order from Indian Institute of Management (IIM Mumbai).
Awaiting price reaction for this filing.
Nitin Fire Protection Industries has filed a revised intimation about a purchase order received from Indian Institute of Management (IIM) Mumbai for supply and installation of Fire Fighting System and Addressable Fire Alarm System. The order value is Rs. 25.96 lakhs inclusive of all taxes, to be executed within 4 months from the order date of July 16, 2025. The order carries standard commercial terms including 50% performance bank guarantee, 2.5% retention, 12-month defect liability period, and 10% liquidated damages cap. The filing confirms the order is from a domestic entity, is not a related party transaction, and promoters have no interest in the awarding entity.
This is a small order (~Rs. 26 lakhs) from a prestigious domestic institutional client, which is positive for the company's order book visibility but unlikely to materially move the stock given the modest size. The IIM Mumbai association may help in winning similar institutional orders going forward.