Receipt of Purchase Order
SINGERIND · price
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Awaiting price reaction for this filing.
Singer India has received purchase orders on 21st July 2025 for 2,81,128 Singer Sewing Machines (Tailor and Universal models) totaling Rs. 202.7 Crore inclusive of GST, to be supplied by 30th September 2026. The orders come from two aggregators — Equipzone India Pvt Ltd and Antaric Merchandising LLP — acting on behalf of Kendriya Bhandar, which was selected as L1 in a tender on the GeM Portal under the PM Vishwakarma Scheme by DC MSME through NSIC. The order allows for ±25% quantity variation and is subject to government clearance and monthly purchase order allocation. The underlying contract has been challenged in the Delhi High Court, but no stay order has been issued, so supplies can continue. This is a domestic government-backed order with no related party interest.
This is a large order — roughly 40-50% of Singer India's typical annual revenue — providing significant revenue visibility through FY27, though execution carries legal and government-clearance risks that could create uncertainty around the timeline and final value.