Marine Electricals (India) Limited has secured orders worth Rs 75.19 crores from STT Global Data Centres India Private Limited and Princeton Digital Group (India) Management Private Limited for power distribution systems. The orders were disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, on June 23, 2026. Deliveries for these projects are scheduled over a period of 12-18 months. The company confirmed that none of the promoters or promoter groups have any interest in these orders, and they do not fall within the ambit of related party transactions.

Power Distribution Segment Orders

The company received an order from STT Global Data Centres India Private Limited for the supply of a power distribution system. Additionally, an order was received from Princeton Digital Group (India) Management Private Limited for the supply of a power distribution system. Both orders are scheduled for delivery over 12-18 months.

These orders mark the company's continued engagement with the data centre infrastructure sector.

Marine Electricals (India) Limited has completed the divestment of a 70% stake in its subsidiary, MEL Shipyard Private Limited, effective June 9, 2026. The transaction concludes the transfer of shares to Mr. Vinay Uchil and Mr. Venkatesh Uchil. As a result of this sale, MEL Shipyard has ceased to be a wholly owned subsidiary and has transitioned into an associate company of Marine Electricals (India) Limited.

The company initially informed the exchanges regarding this proposed divestment on February 11, 2026. The completion of the share transfer alters the corporate structure, reducing the parent company's holding significantly. MEL Shipyard Private Limited was formerly known as Xanatech Synergies Private Limited.

Transaction Details

The filing submitted to the National Stock Exchange of India Limited confirmed the finalization of the deal. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. Additional details regarding the transaction were previously disclosed in the earlier intimation referenced by the company.

The confirmation was signed by Deep Shah, Company Secretary & Compliance Officer, on behalf of Marine Electricals (India) Limited.