Marvel Decor wins ₹3.91 crore order for Dubai tower
Marvel Decor secured a INR 3.91 Crore order for a 32-storey luxury tower in Jumeirah Bay Island, Dubai, involving the supply and installation of curtain tracks and motors. The international order is set to be executed within two months, reinforcing the company's footprint in the global luxury residences segment. The company confirmed no promoter interest or related party transaction in the deal.
*this image is generated using AI for illustrative purposes only.
Marvel Decor has secured a purchase order worth INR 3.91 Crore for a High End Branded, Ultra Exclusive 32 Storey Tower in Jumeirah Bay Island, Dubai. The order involves the supply and installation of curtain tracks and motors for one of the city's most prestigious ultra-luxury residential developments. This project win strengthens the company's position in the global branded luxury residences segment and reinforces its presence in iconic luxury developments.
The order was awarded by an international entity, and the execution is scheduled to be completed within a period of 2 months. The project comprises 32 floors featuring an exclusive collection of half-floor penthouses, full-floor penthouses, and three-level sky villas.
The disclosure was made to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2018. The requisite details were provided in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPD2/1/3762/2026 dated January 30, 2026.
Marvel Decor confirmed that the promoter, promoter group, or group companies do not have any interest in the entity that awarded the order. The company also stated that the order does not fall within related party transactions.
| Parameter | Details |
|---|---|
| Name of entity awarding the order | Confidential Information |
| Nature of order | Regular Purchase Order of Curtain Tracks and motors |
| Time period for execution | 2 months |
| Broad consideration | INR 3.91 Crore |
| Promoter group interest | No |
| Related party transaction | No |
Historical Stock Returns for Marvel Decor
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.93% | +4.93% | +38.32% | -3.36% | -24.32% | +157.72% |
Will this successful execution lead to further orders for other high-rise luxury projects in the Middle East?
How will the tight 2-month execution timeline impact Marvel Decor's operational margins and resource allocation?
Does this win signal a strategic shift in the company's revenue mix towards international markets?
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