Shelter Pharma Secures Work Order from Verka Dairies for Supply of Veterinary Medicines Under One-Year Rate Contract
Shelter Pharma Limited has secured a work order from Verka Dairies, the flagship dairy brand of MILKFED Punjab, for the supply of veterinary medicines under a one-year rate contract, extendable by up to three months on mutual consent. The order value is variable and will be determined by the actual quantity and purchase orders placed during the contract period. Prices are on an F.O.D. delivered basis inclusive of all applicable charges, with payment due within 15 days of receipt and inspection of material. The transaction is not a related party transaction, and no promoter or group company interest exists in the awarding entity.

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Shelter Pharma Limited has received a work order from Verka Dairies for the supply of veterinary medicines under a rate contract for a period of one year. The development follows the company's earlier successful qualification in both the technical and negotiation/financial rounds of the tender process, as intimated on 6th April, 2026. The order was formally communicated to BSE Limited on 15th May, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
About the Client
Verka Dairies is a flagship dairy brand of MILKFED Punjab and is recognised as one of the leading and most trusted dairy brands in North India. The organisation enjoys a strong market presence and consumer trust across multiple states. The receipt of this work order from such a reputed entity reflects the confidence placed by the client in Shelter Pharma's capabilities and quality standards.
Key Order Details
The following table outlines the significant terms and conditions associated with the work order, as disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015:
| Parameter: | Details |
|---|---|
| Awarding Entity: | Verka Dairy |
| Entity Type: | Domestic entity |
| Nature of Order: | Rate Contract for supply of Veterinary Medicines |
| Contract Duration: | One year from the date of rate contract, extendable for a further period of up to three months on mutual consent |
| Order Value: | Dependent on actual quantity/orders placed during the contract period |
| Pricing Basis: | F.O.D. delivered basis, inclusive of taxes, freight, insurance, packing & forwarding charges |
| Payment Terms: | Within 15 days from receipt and inspection of material |
| Delivery Timeline: | Within 30 days from the date of purchase order |
| Related Party Transaction: | No |
| Promoter/Group Interest in Client: | No |
Compliance and Corporate Disclosures
The company has confirmed that neither the promoter nor the promoter group or group companies have any interest in Verka Dairies, the entity that awarded the order. Additionally, the transaction does not fall within the scope of related party transactions under applicable regulations. The disclosure was signed by Mustaqim Nisarahmed Sabugar, Managing Director of Shelter Pharma Limited, from Ahmedabad on 15th May, 2026.
Significance of the Order
The successful award of this tender underscores Shelter Pharma's commitment to maintaining high-quality products, timely execution, and reliable services. The order is expected to contribute positively to the company's revenues, profitability, and overall business growth. Management has indicated that such achievements are anticipated to further strengthen the company's market presence and order book, while creating long-term value for stakeholders.
Historical Stock Returns for Shelter Pharma
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +5.96% | +0.32% | -24.38% | -21.94% | -24.21% |
Could this Verka Dairies contract serve as a reference win to help Shelter Pharma secure similar rate contracts with other state-owned dairy cooperatives or agri-based PSUs across India?
Given that the order value depends on actual quantities ordered, what revenue visibility or minimum offtake guarantees, if any, does Shelter Pharma have to underpin its earnings forecast for FY27?
How might Shelter Pharma leverage this government-linked contract to strengthen its positioning ahead of upcoming veterinary medicine tenders from other MILKFED or National Dairy Development Board affiliated entities?


































