Cranex Ltd wins orders worth Rs 16.03 Cr from BHEL and NHPC for EOT Cranes

Cranex Ltd has secured Letters of Award (LOAs) aggregating to approximately ₹16.03 Crores from Bharat Heavy Electricals Limited (BHEL) and NHPC Limited for the manufacturing and supply of various Electric Overhead Travelling (EOT) Cranes and related products. The orders are expected to strengthen the company's order book and contribute positively to its business growth. The disclosure was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details

The following table outlines the key parameters of the orders:

Parameter	Details
Name of Client	Bharat Heavy Electricals Limited (BHEL)
Nature of Order	D/G EOT Cranes Above 100T for Sunni Dam Hydro Electric Project
Order Value	₹10.87 Crores (approx.)
Name of Client	NHPC Limited, Chamera Power Station Stage-I
Nature of Order	Upgradation and Refurbishment of 02 Nos. 190/30/10 MT EOT Cranes
Order Value	₹5.16 Crores (approx.)
Geography	Domestic

The company confirmed that the transactions are conducted at arm’s length and do not fall under related party transactions. Execution of the orders will proceed in accordance with the terms and conditions specified in the respective LOAs.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.17%	+4.05%	+0.68%	+27.70%	+2.38%	+441.19%

Cranex Ltd has secured approval from BSE Limited to list and trade 14,50,000 equity shares issued on a preferential basis to promoters and non-promoters. The shares, issued at a premium of ₹92 per share over a face value of ₹10, were allotted pursuant to the conversion of warrants. This development increases the company's equity base and facilitates liquidity for the new shareholders, with trading scheduled to begin on June 29, 2026.

The approval, communicated via a letter dated June 25, 2026, covers equity shares bearing distinctive numbers ranging from 6570001 to 8020000. The intimation was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the Trading Approval Letter from the exchange has been attached for record purposes.

Issue Details

The preferential allotment involved the issuance of shares to both promoter and non-promoter groups. The total issue size and pricing structure are detailed below:

Parameter	Details
Total Shares Issued	14,50,000
Face Value	₹10
Issue Price per Share	₹102 (Face Value ₹10 + Premium ₹92)
Allottees	Promoters and Non-Promoters
Basis	Preferential Allotment via Warrant Conversion

Trading Timeline

BSE Limited issued Notice No. 20260625-11 on June 25, 2026, informing trading members about the listing. The exchange confirmed that the securities would be listed and available for trading effective from Monday, June 29, 2026. The company has requested shareholders and trading members to verify the contents of the notice available on the BSE website.