Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015, it is hereby informed that Shining Tools Limited has received a significant Order.
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Shining Tools Limited has received a material order from Chandan Process, a domestic entity, for the supply of 50 quintals of Brazed Carbide Anvils. The total order value is Rs. 2,00,60,000 (approximately Rs. 2 crore), inclusive of 18% GST. Payment terms are 100% at the time of delivery, with delivery to be completed within 6 months. The order is not a related party transaction and no promoter interest exists in the entity awarding the order.
This is a positive development as the company secures a new contract worth around Rs. 2 crore, which may provide revenue visibility over the next 6 months. However, without revenue data, the relative significance of this order to shareholders cannot be determined.