Rishabh Instruments Limited has announced that its wholly owned subsidiary Lumel SA has secured a significant €3 million contract from a Germany-based energy sector company. The contract, valued at ₹30.00 crores, represents another milestone in the company's European expansion strategy and strengthens its position in the global energy automation market.

Contract Details and Scope

The contract encompasses the supply of advanced electronic devices specifically designed for industrial automation applications within the energy sector. According to the regulatory filing made under Regulation 30 of SEBI Listing Regulations, the agreement extends through the end of 2027, providing a clear timeline for project execution and delivery.

Strategic Partnership Development

This contract marks the second order from the same German customer, following a previous announcement. The repeat business demonstrates the strength of the relationship between Lumel SA and the German partner, reflecting continued confidence in the subsidiary's capabilities and solutions. The strategic engagement follows several months of collaborative development and engineering between the teams, resulting in tailored solutions designed to address specific technical and operational requirements of the energy sector.

Manufacturing Capabilities Enhancement

Lumel SA's ability to secure this contract is supported by recent investments in manufacturing infrastructure. The subsidiary commissioned one of Europe's most advanced electronics assembly lines as part of its modernization program, significantly strengthening production capacity and operational flexibility. These enhancements position the company to meet growing demand for advanced energy automation solutions.

Management Commentary

Mr. Dineshkumar Musalekar, Whole-Time Director of Rishabh Instruments Limited, highlighted the significance of this achievement: "This €3 million contract marks an important milestone in our European expansion strategy and reinforces our position as a trusted technology partner in the global energy sector. Securing a second order from the same German customer highlights our ability to build long-term relationships and deliver high-quality, customized solutions for critical industrial automation applications."

Company Background

Rishabh Instruments Limited, incorporated in 1982, specializes in manufacturing, design and development of global energy efficiency solutions. The company focuses on electrical automation, electrical instrumentation, metering and measurement, and precision engineered products. With 350+ global authorized dealers and stockists catering to 70+ countries, the company operates manufacturing facilities in India, Poland and China, supported by 5 international and 8 domestic sales and marketing offices.

Rishabh instruments Limited has announced the receipt of a credit rating letter from CRISIL Ratings, marking a significant milestone in the company's financial standing. The announcement was made on April 8, 2026, pursuant to Regulation 30 of SEBI (LODR), 2015.

Credit Rating Details

CRISIL Ratings has assigned comprehensive ratings to the company's bank facilities, reflecting its creditworthiness and financial stability. The rating assessment covers the company's ability to meet its debt obligations in a timely manner.

Facility-wise Breakdown

The rating covers multiple banking facilities across different categories, primarily with State Bank of India. The detailed breakdown shows a diversified approach to the company's banking relationships and working capital management.

Rating Validity and Surveillance

The credit rating letter addressed to Managing Director Mr. Narendra Goliya confirms that all ratings assigned by CRISIL Ratings are kept under continuous surveillance and review. The rating outstanding on the bank facilities during April 01, 2026, to April 07, 2026, was CRISIL BBB+/Stable/CRISIL A2.

The rating letter will remain valid until March 31, 2027. CRISIL Ratings reserves the right to withdraw or revise the ratings and outlook at any time based on new information or changing circumstances that may impact the ratings. The company has been advised to insist on a new rating letter dated later than March 31, 2027, after the current validity expires.

Regulatory Compliance

The announcement was signed by Company Secretary and Compliance Officer Ajinkya Joglekar (ICSI Membership No.: A57272) and submitted to both the National Stock Exchange of India Limited and BSE Limited. This disclosure ensures transparency and keeps stakeholders informed about the company's credit profile and banking arrangements.