master components has secured a purchase order worth INR 39,05,890 for the supply of electrical products from a domestic company. The order, received on June 05, 2026, is valued at approximately INR 39.05 lakh excluding tax and must be executed by June 25, 2026.

The transaction was disclosed to the National Stock Exchange of India Ltd. under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was read with specific SEBI circulars dated September 9, 2015, and July 13, 2023.

Order Details

The purchase order stipulates that payment will be made within 30 days from the date of the purchase order. The company awarding the order is a domestic entity, and the transaction is not classified as a related party transaction.

The following table outlines the key particulars of the order:

The name of the client company was not disclosed due to competitive sensitivity reasons. The order was intimated to the exchange by Shrikant Hanamant Joshi, Managing Director and Chairman of Master Components Limited.

Master Components Limited has executed a Joint Venture Agreement with Prathamesh Industries (India) Limited to form a new entity focused on manufacturing raw materials and composites. The joint venture company will be owned equally by both partners, with each holding 50% of the equity share capital. The agreement was executed on June 04, 2026, following approval from the Board of Directors on May 15, 2026.

The proposed joint venture company, to be named Pramas India Private Limited or Pramas Industries Private Limited, will carry on the business of manufacturing, processing, compounding, moulding, buying, selling, importing, and exporting raw materials. This includes Sheet Moulding Compound (SMC) and Dough Moulding Compound (DMC) and other composites, serving both domestic and international markets. The entity is proposed to be incorporated in India as an Indian Non-Government company.

The initial paid-up share capital of the joint venture company will be ₹10,00,000. Master Components Limited will subscribe to 50% of the equity shares, amounting to an investment of ₹5,00,000 for 5,000 equity shares at a face value of ₹100 each. The remaining 50% will be held by Prathamesh Industries (India) Limited. Based on funding requirements, both partners will contribute funds in equal proportion.

Key Details of the Joint Venture

The board of the joint venture company will comprise an equal number of nominees from Master Components Limited and Prathamesh Industries (India) Limited. Master Components Limited will have the right to nominate a candidate for the position of Chief Executive Officer, while Prathamesh Industries (India) Limited will have the right to nominate a candidate for the position of Chief Operations Officer.

The investment does not fall within the purview of Related Party Transactions for Master Components Limited at the stage of subscription. However, post-investment, the joint venture company will become an associate of the company and hence a Related Party. The turnover for Master Components Limited for FY 2024-2025 was ₹42,40,30,803, while Prathamesh Industries (India) Limited reported a turnover of ₹71,38,78,326.70 for the same period.