Announcement under Regulation 30 (LODR)- Award_of_Order
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Awaiting price reaction for this filing.
Sprayking Ltd announced that its subsidiary, Narmadesh Brass Industries Limited, has received a purchase order for Electric Section Rods valued at approximately Rs 5 Million. The order has been placed by a domestic entity described as a manufacturer and supplier of brass and copper alloy products, though the customer's name has not been disclosed due to competitive sensitivity. The order is to be executed within one month. The filing confirms there is no related party interest in the awarding entity and that the order is purely domestic. The disclosure was made under SEBI's Regulation 30 (LODR) requirements.
This is a relatively small order (Rs 5 Million) with a one-month execution window, suggesting limited immediate impact on revenue or stock price. Investors should view this as routine business activity rather than a material catalyst, though it indicates continued order flow for the subsidiary.