Sharika enterprises Limited has secured a significant work order from Punjab Energy Development Agency worth Rs. 28,36,130 for LED street lighting systems. The company announced this development through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details

The work order involves the supply, installation and commissioning of 12-watt LED based SPV street lighting systems across the State of Punjab. Punjab Energy Development Agency, which is a Punjab Government Undertaking, has awarded this domestic contract to the company.

Regulatory Compliance

The company has fulfilled its disclosure obligations as required under SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The regulatory filing confirms that this contract does not fall within related party transactions.

Key Contract Terms

The contract specifications indicate that the company will be responsible for the complete implementation of the LED street lighting project, including supply, installation and commissioning activities. The 119-day execution timeline suggests a structured approach to project delivery across Punjab.

Company Information

Sharika Enterprises Limited operates from C-504, ATS Bouquet, Sector 132, Noida 201305, with Company Secretary & Compliance Officer Pushpa Yadav signing the regulatory disclosure. The company maintains its corporate website at www.sharikaindia.com and can be contacted at +91 0120 4162100.

Sharika Enterprises Limited has announced securing a substantial purchase order from Larsen & Toubro Limited, marking a significant business development for the technology solutions provider. The company disclosed this contract award under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Contract Details and Specifications

The purchase order encompasses the supply of GPRS Modem for the DES-Varanasi-SCADA Smart Technology Integration Project. This contract represents Sharika Enterprises' continued involvement in advanced technology integration solutions for infrastructure projects.

Regulatory Compliance and Transparency

The disclosure follows SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring complete transparency in material contract announcements. The company has confirmed that this contract does not involve any related party transactions, with no promoter or group company interests in the awarding entity.

Strategic Business Implications

This order reinforces Sharika Enterprises' position in the technology integration sector, particularly in SCADA (Supervisory Control and Data Acquisition) systems. The contract with Larsen & Toubro Limited, a leading engineering and construction conglomerate, demonstrates the company's capability to serve major infrastructure clients.

The contract execution timeline extends through December 2026, providing Sharika Enterprises with a structured revenue stream and operational visibility for the remainder of the current fiscal year and beyond.