Indobell Insulations Secures Domestic Order from BHEL Worth Rs 1,38,70,074 for Thermal Insulation Supply

Indobell Insulations Limited has secured a domestic order from Bharat Heavy Electricals Limited (BHEL), under the Department of Heavy Industry, Ministry of Heavy Industries and Public Enterprises, through the Government e-Marketplace (GeM). The order pertains to the Supply and Application of Thermal Insulation of TIP and is valued at Rs 1,38,70,074 (Rupees one crore thirty-eight lakhs seventy thousand and seventy-four only). The development was disclosed by the company on May 15, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details

The key parameters of the order, as disclosed in Annexure-A filed with BSE Limited, are summarised below:

Parameter:	Details
Awarding Entity:	Bharat Heavy Electricals Limited, Department of Heavy Industry, Ministry of Heavy Industries and Public Enterprises
Nature of Order:	Supply and Application of Thermal Insulation of TIP
Order Value:	Rs 1,38,70,074.00 (Rupees one crore thirty-eight lakhs seventy thousand and seventy-four only)
Order Type:	Domestic
Execution Timeline:	July 2027
Payment Terms:	Within 90 days of submission of CRAC and online submission of bills
Related Party Transaction:	No
Promoter/Group Interest in Awarding Entity:	No

Regulatory Disclosure

The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The filing confirms that neither the promoter nor the promoter group nor any group companies hold any interest in BHEL, and the order does not fall within the purview of related party transactions. The communication was signed by Sanjay Agarwal, Company Secretary and Compliance Officer, on behalf of Indobell Insulations Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.99%	-3.17%	-21.99%	-26.36%	-49.71%	-33.53%

Indobell insulations Limited has filed its mandatory regulatory disclosure with BSE Limited, providing transparency on promoter shareholding and encumbrance status for the financial year ended March 31, 2026. The disclosure fulfills the company's obligations under SEBI's substantial acquisition regulations.

Promoter Shareholding Details

The disclosure reveals key information about the company's ownership structure and promoter commitments during FY26:

Parameter	Details
Total Promoter Shares	40,94,772
Promoter Stake	65%
Encumbrance Status	No encumbrances during FY26
Declaration Period	Financial year ended March 31, 2026

Regulatory Compliance Framework

The filing addresses the requirements under Regulation 31(4) & (5) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This regulation mandates annual disclosures from promoters regarding their shareholding patterns and any encumbrances created on their holdings.

Vijay Burman, representing all promoters of Indobell Insulations Limited, formally declared that the promoter group maintained their 65% shareholding without creating any direct or indirect encumbrances during the financial year. This declaration provides assurance to investors about the stability of promoter commitments.

Filing Details and Authorization

Company Secretary and Compliance Officer Sanjay Agarwal submitted the disclosure to BSE Limited on April 14, 2026. The filing included:

Formal communication to BSE under script code 544334
Digitally signed declaration by the Company Secretary
Promoter declaration signed by Vijay Burman
Confirmation of compliance with SEBI regulations

The disclosure has been forwarded to the company's Audit Committee as part of standard governance procedures, ensuring proper internal oversight of regulatory compliance matters.