Investment & Precision Castings Limited has announced the receipt of a significant defence order from MKU Limited, marking a strategic milestone in the company's expansion within the defence and aerospace sector. The announcement, made on April 16, 2026, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, highlights the company's growing presence in mission-critical defence applications.

Order Specifications and Strategic Value

The order involves the manufacture and supply of precision aluminium components specifically designed for thermal weapon sight systems used in advanced defence applications. MKU Limited, recognized as a leading defence solutions provider, has awarded this contract to Investment & Precision Castings Limited based on the company's proven capabilities in manufacturing complex, high-integrity aluminium components.

Business Impact and Market Position

While specific financial details remain confidential due to contractual obligations, the company has characterized the order as being of strategic and substantial value, with expectations of meaningful contribution to revenue over the execution period. This engagement underscores several key business developments for Investment & Precision Castings Limited.

The order demonstrates the company's proven capability in manufacturing complex, high-integrity aluminium components and reflects growing trust from leading defence OEMs and system integrators. Additionally, it strengthens the company's position in strategic and high-value defence programs, marking significant progress in diversification efforts.

Expected Outcomes and Strategic Benefits

The execution of this defence order is anticipated to deliver multiple strategic advantages for Investment & Precision Castings Limited. The company expects enhanced order book visibility, which will provide greater predictability in future revenue streams. Furthermore, the engagement is expected to improve revenue quality through involvement in higher-value applications within the defence sector.

Key Strategic Benefits:

• Enhanced order book visibility and revenue predictability
• Improved revenue quality through higher-value defence applications
• Accelerated diversification beyond traditional automotive segments
• Strengthened position in mission-critical defence programs
• Increased credibility with defence OEMs and system integrators

Sector Expansion and Future Outlook

This order represents a key milestone in Investment & Precision Castings Limited's footprint within the defence and aerospace sector, particularly in mission-critical, high-precision applications. The company's successful entry into thermal weapon sight system components demonstrates its technical capabilities and quality standards required for advanced defence applications.

The engagement with MKU Limited further accelerates the company's strategic diversification beyond traditional automotive segments, positioning it favorably in the growing defence manufacturing sector. This development aligns with the company's broader strategy to expand its presence in high-value, precision manufacturing applications across multiple industries.

Investment & Precision Castings Limited has filed a nil deviation statement with BSE Limited under SEBI (LODR) regulations, 2015, confirming compliance with fund utilization disclosure requirements. The company submitted the statement on April 14, 2026, through its Whole Time Director Jainam Tamboli.

Fund Raising and Utilization Status

The company disclosed that it has not raised any capital during the financial year 2025-26. Additionally, Investment & Precision Castings Limited confirmed that there has been no deviation in the utilization of funds raised in earlier periods, with all previously raised funds being fully utilized by the company.

Regulatory Compliance

The company submitted the nil form as per the prescribed format under SEBI regulations. However, the management noted that they were unable to file the disclosure in XBRL format as the system does not allow nil entries. The company has requested BSE Limited to take this submission on record.

Company Leadership

The disclosure was signed by Jainam Tamboli, Whole Time Director of Investment & Precision Castings Limited, bearing DIN: 07680976. The company operates from its registered office at Nari Road, Bhavnagar, Gujarat, and maintains various quality certifications including EN 9100:2018, IATF 16949:2016, and ISO certifications across multiple standards.

Corporate Details

Investment & Precision Castings Limited operates under Corporate Identification Number L27100GJ1975PLC002692 and trades on BSE with scrip code 504786. The company positions itself as a pioneer in investment castings in India, celebrating its 50th anniversary milestone.