Pursuant to the provisions of Regulation 30 read with sub para 4, Para B, Part A, Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulation 2015 (Listing Regulations), ....
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Awaiting price reaction for this filing.
Shree Refrigerations Ltd has received a domestic order worth Rs. 3.57 crore (Rs. 3,57,25,203.14) from Material Organisation (Vizag) for the manufacturing and supply of Unit Coolers. The order is to be executed within a delivery timeline of 6 months from the date of execution of the supply order. The company clarified that the order is from a domestic entity and is not a related party transaction. The promoter/promoter group has no interest in the entity awarding the order.
This Rs. 3.57 crore order provides visible near-term revenue and adds to the order book, which is positive for the small-cap company. Investors should watch for execution within the 6-month timeline and whether more such orders follow from this client.