Annoucement under Regulation 30 (LODR) - Order Received

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₹14.20

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Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-1.0% vs market

Trading & Distributors peers, median of 128sector+0.0%-1.8% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.8 pts less 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

Shree Ganesh Elastoplast Ltd has entered into a one-year Business Services Agreement with Kobra Power Limited (formerly Lanco Amarkantak Power Ltd) for providing supervision, control, and reporting services on mine operations management. The counterparty is based in Pathdi, Tikera, Kobra, Chhattisgarh. The estimated contract value is ₹14.3 crore (including GST), and the agreement is renewable on satisfactory service. The company has no conflict of interest with directors, promoters, or key managerial personnel in this contract. This is a new business activity disclosed as a material development under SEBI LODR Regulation 30.

Likely market impact

This ₹14.3 crore service contract represents a significant new revenue stream in mining operations management for the company, diversifying beyond its core plastic products business. For shareholders, this could mean incremental revenue, though the one-year tenure means the benefit is short-term unless renewed.