Shayona Engineering Receives Domestic Purchase Order Worth Rs 5.85 mn
According to the intimation, the purchase order, numbered MGW/AUG-39/26-27, requires delivery as per the purchase order and the company intends to execute the contract at the earliest possible date. The purchaser's name has been withheld because of contractual confidentiality and non-disclosure obligations, and the company indicated it will provide the name to the exchange or regulatory authority if specifically required and subject to confidentiality safeguards. The company described the order as domestic in nature and confirmed it does not constitute a related party transaction.
The broad consideration for the order is Rs 5.8528 million (mn) including GST at 18 per cent. The purchase order value before tax is Rs 4.96 mn while GST amounts to Rs 0.8928 mn, which together total the stated Rs 5.8528 mn. The intimation set out that promoters or promoter group entities have no interest in the customer that awarded the order and that there is no related party involvement. The company advised stakeholders that further details will be provided to the stock exchanges if required under applicable safeguards.
The disclosure was signed by the managing director and submitted to the BSE as part of routine regulatory compliance and market disclosure practices. The company requested that the exchange take the intimation on record and disseminate it to stakeholders. Market participants will observe the disclosure as a routine operational update rather than an indication of future orders.