Artson Limited has received a substantial order enhancement from M/s. Sadhav Offshore Engineering Pvt. Ltd., increasing the contract value by Rs. 10.50 Cr including taxes. The amendment brings the total order value from the originally disclosed Rs. 61.54 Cr to Rs. 72.05 Cr, representing a significant boost to the company's order book.

Order Enhancement Details

The company disclosed the amendment on 15th April 2026, following its earlier announcement on 30th January 2025 regarding the original Letter of Intent. The enhanced contract maintains its focus on the construction and supply of a floating dry dock, structured as a unit rate contract with a domestic entity.

Project Specifications

The contract involves the construction and supply of a floating dry dock for Sadhav Offshore Engineering Pvt. Ltd. The project is classified as a domestic contract with a unit rate structure, ensuring standardized pricing mechanisms throughout the execution phase.

Regulatory Compliance

Artson Limited has confirmed that the enhanced order does not involve any related party transactions and maintains arm's length dealing principles. The company has also disclosed that no promoter, promoter group, or group companies have any interest in the entity that awarded the contract, ensuring complete transparency in the business relationship.

Corporate Governance

The disclosure was made under Regulation 30 of the listing requirements, with Company Secretary and Compliance Officer Deepak Tibrewal signing the official communication. The announcement reinforces Artson Limited's commitment to timely and comprehensive disclosure of material developments to stakeholders and regulatory authorities.

Artson Limited has officially communicated to BSE Limited confirming that it does not qualify as a 'Large Corporate' under the criteria established by SEBI regulations. The company submitted this confirmation in compliance with SEBI circulars issued on November 26, 2018, and October 19, 2023, which mandate specific disclosures from listed entities.

Regulatory Compliance Declaration

The company filed its confirmation on April 14, 2026, through a formal communication signed by Company Secretary Deepak Tibrewal and Chief Financial Officer Manoj Shah. This disclosure ensures adherence to SEBI's framework for categorizing corporate entities based on their borrowing levels and credit ratings.

Financial Position Disclosure

As part of the mandatory disclosure format, Artson Limited provided key financial details that determine its classification status:

Corporate Structure Details

The disclosure reaffirmed the company's corporate identity and structure. Artson Limited, formerly known as Artson Engineering Limited, operates as a TATA Enterprise with its registered office located in Mumbai, Maharashtra. The company maintains its corporate office in Secunderabad, Telangana, reflecting its operational presence across multiple locations.

Regulatory Framework Context

The SEBI circulars referenced in the disclosure establish specific criteria for identifying Large Corporates, primarily based on outstanding borrowings and credit ratings. Companies falling below these thresholds must confirm their non-applicability status to maintain transparency with stock exchanges and regulatory authorities. This framework ensures appropriate regulatory oversight while distinguishing between different categories of listed entities.

Compliance Officer Confirmation

The formal declaration was executed by key management personnel, with Company Secretary Deepak Tibrewal (FCS 8925) and CFO Manoj Shah providing their digital signatures on the disclosure document. This dual authorization ensures proper corporate governance and accountability in regulatory communications with stock exchanges.