Premier Explosives Secures INR 73 Crore Export Order for Defence Products
Filing Summary
Premier Explosives Limited has announced the receipt of an export order valued at INR 73 crore. The order involves the supply of defence products to an international client, with delivery scheduled over a 12-month period. This transaction is not classified as a related party transaction, and there is no interest from the promoter group in the awarding entity. The order is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all necessary disclosures as per SEBI guidelines.
Premier Explosives Limited has received an export order worth INR 73 crore for the supply of defence products. The order is from an international entity and is to be executed within a period of 12 months. This information was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order involves the supply of defence products to an international client. The company has confirmed that the order does not fall under related party transactions, and there is no interest from the promoter or promoter group in the entity that awarded the order. The transaction is conducted at arm’s length, ensuring compliance with regulatory requirements.
Premier Explosives Limited has provided the necessary disclosures as required under SEBI Circular No. SEBIIHOICFDIPoD2/CIRJPIO]·55 dated November 11, 2024. The company has communicated this development to the BSE Limited and the National Stock Exchange of India Limited for their records.
The order is significant for Premier Explosives as it involves the supply of defence products, a key area of focus for the company. The execution of this order within the stipulated timeframe will be crucial for maintaining the company’s reputation in the international market.
Premier Explosives Limited is engaged in the manufacture of explosives and related products, primarily catering to the defence sector. The company focuses on expanding its presence in international markets and enhancing its product offerings in the defence segment.