Press Release with regard to receipt of repeat order from JSW Steel for 220kv Cable Installation at Dolvi

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+10.6% vs market

Trading & Distributors peers, median of 128sector+0.0%+10.0% vs sector

On the reaction day the stock moved 10.6 pts more than Nifty Microcap 250 and 10.0 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Sharika Enterprises has received a repeat order from JSW Steel for a 220kV Extra High Voltage (EHV) cable installation project at JSW's Dolvi Plant in Maharashtra. This is the second order from the same plant after Sharika previously completed a 4 km cable installation, testing, and commissioning project. The new order is a larger, 7 km turnkey project covering supply, installation, testing, and commissioning of 220kV, 800 sqmm HT cables, along with 33kV cables and ancillary accessories. The company highlights that the repeat business reflects JSW Steel's confidence in its quality, reliability, and on-time delivery. No order value has been disclosed in the filing.

Likely market impact

A repeat order from a marquee client like JSW Steel is a positive signal for Sharika's execution capabilities and may support order book growth, though the absence of disclosed value limits near-term price impact assessment.