In continuation of earlier intimation dated 22.07.2025
SINGERIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Singer India has informed the stock exchanges that the Delhi High Court, on January 13, 2026, dismissed a writ petition that had challenged a government contract won by its business partner Kendriya Bhandar. The contract is for the supply of 2,81,128 Tool Kits for the Tailor trade under the PM Vishwakarma Scheme, awarded by DC MSME (PMV Division) through NSIC. These kits include Singer brand sewing machines (Tailor and Universal models) along with allied items. With the court clearing all legal hurdles, the supply under the contract can now move forward. Notably, the company has stated there is nil direct impact on its financial or operational activities, suggesting Singer is a brand supplier within kits rather than the direct contractor.
Positive as the legal cloud over a large government-linked order is now cleared, but the company itself flags nil direct financial impact, so near-term earnings may not see a major boost. Investors should watch for further updates on actual dispatches and revenue share from this programme.