Shaily Engineering Plastics Signs Rs. 423 Crore Contract for Pen Injectors
Filing Summary
Shaily Engineering Plastics Ltd has signed a contract with a large domestic pharma company for the supply of pen injectors. The contract, valued at approximately Rs. 423 crores, is a manufacturing and commercial supply agreement. The supply is scheduled over a period of four years. The contract does not involve any related party transactions, and the promoter group has no interest in the entity awarding the contract. This development is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Shaily Engineering Plastics Ltd has entered into a contract with a large domestic pharma company for the supply of pen injectors. The contract is valued at approximately Rs. 423 crores and is structured as a manufacturing and commercial supply agreement.
The supply under this contract is scheduled to be executed over a period of four years. The entity awarding the contract is a domestic company, and due to confidentiality reasons, the name of the customer has not been disclosed.
There are no related party transactions involved in this contract, and the promoter or promoter group of Shaily Engineering Plastics Ltd does not have any interest in the entity awarding the contract.
Shaily Engineering Plastics Ltd specializes in the production of high-precision plastic components and assemblies. The company focuses on expanding its manufacturing capabilities and enhancing its product offerings to cater to various industries, including healthcare, automotive, and consumer goods.