MTAR Technologies Secures Rs. 271.75 Crore International Order
Filing Summary
MTAR Technologies Ltd has announced the receipt of an order valued at approximately Rs. 271.75 Crores from an international entity. The order is a continuation of business with an existing customer. The execution of this order is scheduled for completion by the second quarter of the fiscal year 2027. The company confirmed that the order does not involve any related party transactions, and there is no interest from the promoter group in the awarding entity. This update was disclosed under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements.
MTAR Technologies Ltd has disclosed the receipt of an order worth approximately Rs. 271.75 Crores from an international entity. This order is part of ongoing business with an existing customer. The company has not disclosed the name of the customer due to confidentiality agreements.
The order is valued at USD 30.88 million, and the execution is planned for completion by the second quarter of the fiscal year 2027. MTAR Technologies has confirmed that this transaction does not fall under related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the order.
This disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018, as well as the SEBI master circular dated November 11, 2024. The company has assured that the order is in line with its regular business operations.
MTAR Technologies Ltd is a company engaged in the manufacturing of precision engineering components and assemblies. The company focuses on sectors such as aerospace, defense, and clean energy. MTAR Technologies aims to maintain its position in these sectors through strategic business operations and partnerships.