Artson wins ₹5.40 Cr order from Deepak Chem Tech for vessel supply

1 min read     Updated on 12 Jun 2026, 02:17 PM
scanx
Reviewed by
Suketu GScanX News Team
AI Summary

Artson Limited secured a ₹5.39 Cr order from Deepak Chem Tech for supplying vessels and tanks for the D3 Project at Dahej. The domestic contract will be executed in two phases, ending in March 2028. The company confirmed no related party interests in the transaction.

powered bylight_fuzz_icon
42799631

*this image is generated using AI for illustrative purposes only.

Artson Limited has secured a purchase order worth ₹5,39,87,000 from Deepak Chem Tech Limited for the manufacturing and supply of process equipment. The order entails the supply of 15 vessels, tanks, and drums for the D3 Project located at DCTL Dahej. This contract reinforces the company's engagement with the domestic manufacturing sector.

The order, classified as an item rate contract, excludes taxes and involves a domestic entity. Deepak Chem Tech Limited, a Deepak Group Company, awarded the contract with specific execution timelines. The project is divided into two distinct phases, with the first phase scheduled for completion in June 2027 and the final phase concluding in March 2028.

Order Details

The disclosure submitted to BSE Limited confirms that the order does not involve any related party transactions. Furthermore, the promoter, promoter group, or group companies hold no interest in the entity awarding the contract. The company confirmed that the transaction is conducted at arm's length.

Particulars Details
Client Deepak Chem Tech Limited (A Deepak Group Company)
Order Value ₹5,39,87,000 (excluding taxes)
Nature Manufacturing and Supply of 15 Nos. Vessels, Tanks, Drums
Project Location DCTL Dahej
Execution Timeline Phase 1: June 2027
Phase 2: March 2028
Order Type Domestic / Item rate order

The intimation was filed in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Deepak Tibrewal, Company Secretary & Compliance Officer, signed the disclosure on June 12, 2026.

Historical Stock Returns for Artson

1 Day5 Days1 Month6 Months1 Year5 Years
+0.79%+7.06%+5.83%+2.50%-5.09%+230.45%

How will the revenue recognition from this phased contract impact Artson Limited's financial performance between FY27 and FY28?

Does this order position Artson Limited to secure additional contracts within the Deepak Group or similar domestic manufacturing projects?

What are the potential margin implications of the item rate contract structure given the long execution timeline?

Artson approves director appointments via postal ballot

1 min read     Updated on 23 May 2026, 11:34 PM
scanx
Reviewed by
Ashish TScanX News Team
AI Summary

Artson Limited announced the results of its postal ballot conducted through remote e-voting, which concluded on May 22, 2026. Shareholders approved four resolutions regarding the appointment and re-appointment of directors, including Neeraj Agarwal, Subhra Gourisaria, Jyotisman Dasgupta, and Shashank Jha, with over 99% of votes in favour. The scrutinizer, VYV & Co. LLP, verified the process, confirming the participation of 17,907 shareholders and the absence of invalid votes.

powered bylight_fuzz_icon
41071859

*this image is generated using AI for illustrative purposes only.

Artson Limited has submitted the voting results and the scrutinizer's report regarding its postal ballot conducted through remote e-voting. The remote e-voting process, which sought shareholder approval on various resolutions, concluded on May 22, 2026, at 17:00 Hrs. (IST). Based on the report submitted by the scrutinizer, the members of the company duly passed all the resolutions set out in the notice.

Voting Results Overview

The postal ballot notice was dated April 21, 2026, and the remote e-voting facility was available to shareholders from April 23, 2026, to May 22, 2026. A total of 17,907 shareholders were on record as of the cut-off date. The scrutinizer, VYV & Co. LLP, verified the voting process and confirmed the results.

Resolutions Passed

Shareholders voted on four resolutions concerning the appointment and re-appointment of directors. All resolutions were passed with the required majority. The detailed voting results for each resolution are as follows:

Resolution Description Type Votes In Favour Votes Against Total Votes Polled % In Favour
Appointment of Mr. Neeraj Agarwal as Non-Executive Non-Independent Director Ordinary 27,977,612 1,055 27,978,667 99.996%
Appointment of Ms. Subhra Gourisaria as Non-Executive Non-Independent Director Ordinary 27,977,612 1,055 27,978,667 99.996%
Re-appointment of Mr. Jyotisman Dasgupta as an Independent Director Special 27,977,027 1,640 27,978,667 99.994%
Re-appointment of Mr. Shashank Jha, CEO as Whole-time Director Special 27,977,027 1,640 27,978,667 99.994%

Shareholder Participation

The voting data indicated participation from the Promoter and Promoter Group as well as Public shareholders. The Promoter and Promoter Group cast 27,690,000 votes in favour of all resolutions. Public-Institutions did not participate in the voting process. Public-Non Institutions cast 287,612 votes in favour for the first two resolutions and 287,027 votes in favour for the last two resolutions.

The scrutinizer confirmed that there were no invalid votes cast during the remote e-voting process. The detailed report has been submitted to the stock exchanges and is also available on the company's website.

Historical Stock Returns for Artson

1 Day5 Days1 Month6 Months1 Year5 Years
+0.79%+7.06%+5.83%+2.50%-5.09%+230.45%

How might the newly appointed directors Mr. Neeraj Agarwal and Ms. Subhra Gourisaria influence Artson Limited's strategic direction and business expansion plans?

What are the key priorities and performance targets that CEO Shashank Jha is expected to pursue following his re-appointment as Whole-time Director?

Given the complete absence of institutional investor participation in the voting process, what steps might Artson Limited take to attract and engage institutional shareholders in the future?

More News on Artson

1 Year Returns:-5.09%