Airfloa Rail Technology Limited reported that it has secured a new order from Integral Coach Factory, Chennai of Indian Railways for the supply and installation of nine sets of stainless steel nose cone assemblies for MEMU/DMC/JK(944) coaches. The contract value is Rs nine point two zero eight million (mn) and completion is required within 12 months. The order was received by email on 7 May 2026 at 10.15am and the company said the contract will be governed by the latest IRS conditions and tender terms.

Payment terms provide for 90 per cent against PRC and IC, with the balance 10 per cent and 100 per cent installation charges payable against receipt note and an installation certificate issued by a gazetted officer of the mechanical department. The award is recorded as a domestic contract and the filing specifies that there is no promoter or related party interest. The scope covers delivery, fitting and certification of the nose cone units to the specified coach types.

Airfloa identified the procurement as a material transaction notified to the stock exchange and attached Annexure A to the filing to meet SEBI LODR requirements. The disclosure outlines contract governance, payment milestones and the completion schedule and confirms that the order will not be treated as a related party transaction. The information is intended to inform shareholders and stakeholders of the new business win and its expected contribution to the company order book.

Management emphasised that the contract aligns with the firm’s niche in rail hardware manufacturing and installation services and that internal project controls will monitor progress. The filing included statutory identifiers such as the company CIN and GST numbers and confirmed there was no delay in reporting the award. Airfloa will proceed with mobilisation and procurement to meet the contractual delivery milestones.