Patel Retail Secures ₹25 Crore Export Order from International Clients
Filing Summary
Patel Retail Limited has informed the BSE and NSE about securing an export order valued at ₹25 Crores. The order involves international clients, including P & B (Foods) Limited and Shahi Foods Spices LLC, covering various spices and FMCG products. The order is expected to be executed within 45 days. Payment terms are set against documents. The order does not involve any related party transactions. This update is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Patel Retail Limited has announced to the BSE and NSE the acquisition of an export order worth ₹25 Crores. The order was secured from international clients, including P & B (Foods) Limited and Shahi Foods Spices LLC, among others. The order encompasses various products in the spices and FMCG categories.
The order is set to be executed within a timeframe of 45 days. Payment terms are structured as payment against documents. The order involves international markets, including the UK, Italy, UAE, Saudi Arabia, and other countries. There are no related party transactions involved in this order.
This disclosure is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The details are further outlined in Annexure ‘A’ of the filing, which includes the specifics of the order and the parties involved.
P & B (Foods) Limited and Shahi Foods Spices LLC are engaged in the food and spices industry, focusing on the distribution and export of food products. These companies are known for their extensive range of products and international market presence.
Patel Retail Limited is engaged in the retail sector, focusing on the distribution and sale of various consumer goods. The company prioritizes expanding its market reach and enhancing its product offerings in the international market.