Indobell Insulations Limited has announced the withdrawal of its recently disclosed export order worth USD 73,500 from GE Vernova Parts & Products GmbH, Switzerland. The company informed BSE through a regulatory filing that the purchase order has been withdrawn after the client confirmed it was placed by mistake.

Order Withdrawal Details

The company received email communication from GE Vernova Parts & Products GmbH dated March 31, 2026, stating that Purchase Order No. 4102844261 was placed by mistake and requesting to disregard the order. This development comes shortly after the company had announced securing the export order for ST Blanket Thermal Insulation products under Regulation 30 of SEBI (LODR) Regulations, 2015.

Regulatory Compliance

Indobell Insulations has requested BSE to treat the earlier disclosure as withdrawn and cancelled, maintaining full compliance with regulatory requirements. The company filed the correction notice on April 1, 2026, signed by Chairman and Managing Director Vijay Burman, ensuring transparency in corporate communications.

Company Operations

Indobell Insulations continues to operate from its registered office in Kolkata with manufacturing facilities across Eastern and Western regions. The Eastern Region facility operates from Trenching Ground Road, Kolkata, while the Western Region facility is located in Palghar, enabling the company to serve diverse markets despite this recent order withdrawal.

Indobell insulations Limited has secured a significant export order worth USD 583,527 from GE Vernova Operations LLC, Cambridge, USA. The company announced this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated March 4, 2026.

Order Details and Specifications

The export contract involves supply of Steam Turbine Insulation – Blanket Therm products to the American entity. The order represents a substantial international business opportunity for the Kolkata-based insulation specialist.

Commercial Terms and Conditions

The contract operates under specific commercial arrangements designed for international trade. The payment structure follows Net 150 Monthly terms, providing a structured cash flow timeline for the company. The delivery terms are set as FCA Supplier Factory, placing responsibility for goods delivery at the supplier's facility.

Regulatory Compliance and Transparency

The company has confirmed that this order does not involve any related party transactions and operates at arm's length. Additionally, the promoter group has no interest in the entity awarding the contract, ensuring complete independence in the business relationship.

Company Operations

Indobell Insulations Limited operates from its registered office in Kolkata with manufacturing facilities across Eastern and Western regions of India. The Eastern Region facility is located at Trenching Ground Road, Kolkata, while the Western Region operations are based in Palghar, Maharashtra. This geographic spread enables the company to serve diverse markets effectively while maintaining operational efficiency for export orders like this significant American contract.