Shayona Engineering Limited has announced the receipt of a significant purchase order from a domestic customer. The order is valued at ₹24,25,000/- (Rupees Twenty-Four Lakh Twenty-Five Thousand Only), excluding GST. The contract is for the supply of industrial machinery components and is expected to be executed within 4 weeks. The customer’s identity remains confidential due to contractual obligations.
New Purchase Order Secured
Shayona Engineering Limited has informed the stock exchanges about a new purchase order received from a domestic client. This development marks a positive step for the company, adding to its revenue streams and reinforcing its business pipeline. The order underscores the company’s capability to secure domestic business for its engineering components.
Order Details and Value
The purchase order is for the supply of industrial machinery components, aligning with the company’s core business. The broad consideration for this order is a substantial ₹24,25,000/-, which converts to approximately Twenty-Four Lakh Twenty-Five Thousand Rupees. It is important to note that this amount excludes the applicable GST of 18%.
Execution and Confidentiality
The order is slated for execution within a timeframe of 4 weeks, indicating a relatively short production and delivery cycle. Shayona Engineering Limited has stated that the name of the customer is not being disclosed at this juncture due to existing contractual confidentiality and non-disclosure obligations. The company reserves the right to disclose such details to regulatory authorities if specifically required, under appropriate safeguards.
Terms and Conditions
Key terms and conditions stipulated in the contract include a payment term of 45 Days, a warranty of 1 year from installation or 14 months from invoice, and Incoterms set as DAP (Delivered at Place). Liquidated Damages are noted as not applicable for this particular order. The company’s promoter group has no interest in the entity that awarded this contract, and it does not fall under related party transactions.
Source: BSE
