Sharika Enterprises Receives Order from LS Cable India
Filing Summary
Sharika Enterprises Ltd has received a purchase order from LS Cable India Private Limited. The order is for the supply of 24F OPGW, valued at Rs. 1,13,52,000. The contract is domestic and is expected to be completed within four weeks. There is no interest from the promoter group in LS Cable India, and the transaction does not qualify as a related party transaction. This update is in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Sharika Enterprises Ltd has announced the receipt of a purchase order from LS Cable India Private Limited. The order pertains to the supply of 24F OPGW and is valued at Rs. 1,13,52,000.
The contract is domestic in nature and is scheduled for completion within a period of four weeks. The transaction does not involve any interest from the promoter or promoter group of Sharika Enterprises in LS Cable India. Additionally, it is confirmed that this transaction does not fall under related party transactions.
This disclosure is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is accompanied by the necessary details as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
LS Cable India Private Limited is involved in the production and supply of cable solutions. The company focuses on providing high-quality products to meet the demands of various industries.
Sharika Enterprises Ltd is engaged in the business of providing solutions in the power and telecom sectors. The company focuses on expanding its market presence through strategic contracts and partnerships.