Cryogenic OGS Limited has announced securing a substantial order from Suzlon Western India Projects Limited, marking a significant business development for the company. The Letter of Intent (LOI) received on 13th March 2026 represents a valuable addition to the company's order book in the renewable energy sector.

Order Details and Specifications

The contract encompasses the supply of specialized components for wind energy applications. The order details are structured as follows:

Business Significance

This domestic order strengthens Cryogenic OGS Limited's position in the wind energy component manufacturing sector. The contract involves the supply of Root Support and Tip Support components, which are critical elements in wind turbine assembly and maintenance operations.

Regulatory Compliance

The company has fulfilled all regulatory disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key compliance aspects include:

• Related Party Status: The order does not constitute a related party transaction
• Promoter Interest: No promoter or group company interest in the awarding entity
• Transaction Nature: Arms-length commercial transaction
• Disclosure Timeline: Prompt regulatory notification as required

Execution Framework

The order is scheduled for completion within 8-10 weeks from the LOI date, indicating a relatively quick turnaround requirement. This timeline suggests the components are needed for ongoing or upcoming wind energy projects, reflecting the active nature of the renewable energy sector.

The contract value of ₹1,20,46,620.00 includes all applicable taxes, providing clarity on the total revenue potential from this engagement. This order represents continued business momentum for Cryogenic OGS Limited in serving the wind energy industry's specialized component requirements.

Cryogenic OGS Limited has entered into a significant lease agreement to secure long-term premises for its commercial operations and expansion plans. The company executed a lease and license agreement on 13th February, 2026 for premises located at Navi Jithardi, Taluka Karjan, District Vadodara, Gujarat.

Lease Agreement Details

The lease arrangement spans 30 years and is effective from 1st February, 2026. The agreement covers substantial land area and involves multiple promoters of the company as lessors.

Counterparties and Shareholding

The lease agreement is with three co-owners who are also promoters and directors of Cryogenic OGS Limited. This arrangement represents a related party transaction conducted on an arm's length basis in the ordinary course of business.

Financial Implications

The agreement establishes a long-term financial commitment for the company with built-in escalation provisions. The annual occupation charges will increase by 8% each year over the 30-year tenure, providing predictable cost escalation for budgeting purposes.

Strategic Purpose

The company has entered into this lease arrangement to secure long-term land usage for commercial operations and expansion activities. The 30-year lock-in period provides operational stability and supports the company's growth plans in the Gujarat region.

Regulatory Compliance

The transaction has been disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The agreement does not result in any change in management or control of the company, maintaining existing governance structures while securing operational premises for future growth.