Receipt of Purchase Order by Subsidiary Company- Intimation under Regulation 30 SEBI (LODR), 2015
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Sprayking Ltd's subsidiary, Narmadesh Brass Industries Limited, has secured a purchase order worth approximately INR 52 million for the supply of Brass Billets. The order has been placed by Green Metals FZCO, an international (UAE-based free zone) entity. The contract is to be executed within 45 days from the purchase contract date. The company confirmed there is no promoter or related party interest in the awarding entity.
This is a positive development for Sprayking as it adds meaningful order book visibility through its subsidiary. The international nature of the order reinforces the company's export-oriented business model, though the relatively short execution window of 45 days means revenue impact will be near-term.