Latteys Industries Limited has secured a new order worth Rs 22 Crores from Maharashtra State Electricity Distribution Company Limited to supply solar water pumping systems. The order, received on July 1, 2026, covers the design, manufacture, supply, transport, installation, testing, and commissioning of 994 off-grid DC solar photovoltaic water pumping systems. This contract strengthens the company's presence in the renewable energy sector by addressing water pumping needs through solar technology.

Order Details

The project is valued at Rs 22 Crores, exclusive of GST, and was awarded by a domestic entity. The execution timeline is set at 180 days from the date of issuance of the Work Order or Notice to Proceed (NTP). The company confirmed that the contract follows standard terms and conditions and does not involve any related party transactions or interests from the promoter group.

Contract Specifications

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sonika Jain, Company Secretary & Compliance Officer, signed the filing on behalf of Latteys Industries Limited.

Latteys Industries Limited has confirmed that none of its promoters or promoter group members created any encumbrance during the financial year 2025-26. The disclosure, submitted to the National Stock Exchange, assures stakeholders that no shares were pledged or otherwise encumbered beyond those previously disclosed. This declaration is significant as it indicates the absence of leveraging promoter holdings for financial purposes during the period.

The filing was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulation, 2011. Promoter Kapoor Chand Garg submitted the declaration on behalf of the entire promoter group, affirming that the details provided are true and correct. The submission ensures compliance with regulatory requirements regarding the disclosure of shareholding patterns and potential encumbrances.

The declaration covers the financial year ending March 31, 2026. It specifically states that no new encumbrances were created by the promoters or the promoter group during this time. This transparency is intended to maintain investor confidence regarding the stability of the company's ownership structure.

The following table details the entities and individuals included in the declaration:

The document was signed by Kapoor Chand Garg in Ahmedabad on May 22, 2026. The confirmation of no encumbrance serves as a formal attestation to the exchange regarding the status of promoter holdings for the specified financial year.