Ion Exchange (India) Ltd has secured an international contract worth USD 52.83 million (approximately INR 500 crore) from Hyundai Engineering & Construction Co., Ltd. for the supply of filtration units in the Middle East. The project is scheduled to be executed over a period of 18 months, representing a significant expansion in the company's overseas order book.

Order Details

The order involves the supply of filtration units awarded by Hyundai Engineering & Construction Co., Ltd., an international entity. The disclosure was made to the stock exchanges pursuant to Regulation 30(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The following table summarises the key details of the contract:

Compliance and Disclosures

The company confirmed that the promoter, promoter group, or group companies do not have any interest in the entity that awarded the order. Furthermore, the transaction does not fall within related party transactions. The execution timeline is set at 18 months from the commencement of the project. The filing was signed by Nikisha Solanki, Company Secretary & Compliance Officer of Ion Exchange (India) Ltd.

Ion Exchange (India) Limited has confirmed that no encumbrance, whether direct or indirect, was created on the shares held by its promoters during the financial year ended March 31, 2026. This declaration was submitted to the stock exchanges on behalf of the promoter group and persons acting in concert (PAC). The disclosure ensures compliance with regulatory requirements regarding the pledging or hypothecation of promoter holdings.

The filing was made by Rajesh Sharma on April 3, 2026, addressed to BSE Limited and National Stock Exchange of India Limited. The declaration was submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates periodic disclosures regarding any encumbrance on promoter shares to ensure transparency for shareholders.

Key Disclosure Details

The confirmation covers all members of the promoter group and persons acting in concert with the promoters. The absence of encumbrance indicates that the promoters have not pledged their shares as collateral for loans or other financial obligations during the specified period. This information is material for investors assessing the financial stability and governance standards of the company.