Intimation on securing order valuing Rs. 23,48,29,140/- by 100% owned subsidiary of Vedavaag Systems Limited
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Vedavaag Systems Ltd's 100% subsidiary, Vedavag Common Service Centres Pvt Ltd, has secured an order worth Rs. 23,48,29,140 (about Rs. 23.48 crore, including taxes) from Landsky Engineers Pvt Ltd. The order is for providing support services for solar light systems and is to be executed over 5 years. The awarding entity is a domestic private company with no promoter or related-party interest. The contract is an arm's-length transaction disclosed under SEBI's Listing Regulations.
This is a meaningful new business win for the subsidiary, adding a multi-year revenue stream tied to India's solar infrastructure push. For shareholders, it improves revenue visibility, though the order is from a single private client which carries concentration risk. Short-term stock reaction may be modestly positive given the order size relative to Vedavaag's small-cap profile.