Disclosure under Regulation 30 of SEBI LODR - Signing of Agreement
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TANFAC Industries Limited has entered into a long-term supply agreement with Blue Star Limited, a large OEM company, for the supply of fluorinated products. The estimated annual value of the contract is around Rs.61 crores. The agreement is domestic in nature and will operate for an indefinite period with a mutual termination clause. The company has confirmed that this is not a related party transaction and that promoters have no interest in the agreement.
This supply contract with a established OEM like Blue Star provides revenue visibility for TANFAC and could positively impact the company's financials given the significant annual value of Rs.61 crores.