The Board of Directors of shree marutinandan tubes has approved a strategic rebranding, changing the company’s name from Shree Marutinandan Tubes Limited to Shree Marutinandan Industries Limited. The decision was taken during a meeting held on August 05, 2026, signaling a potential broadening of the firm’s operational scope beyond its traditional tube manufacturing identity. This change aims to better reflect the company’s diversified business segments, which include steel, machinery, and fire fighting & MEP divisions, as indicated in recent corporate communications.

The resolution is subject to the approval of the company’s members and other necessary statutory and regulatory approvals. Upon receiving these clearances, the company will undertake consequential alterations to its Memorandum of Association and Articles of Association. The Board meeting commenced at 03:00 p.m. and concluded at 04:00 p.m., with Managing Director Vikram Shivratan Sharma overseeing the proceedings.

Regulatory Compliance and Disclosures

The company disclosed the outcome of the board meeting pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was addressed to the Listing Compliance Department of BSE Limited. The company continues to be listed under Scrip Code 544083 with ISIN INE0QIS01011 until the name change is officially processed and reflected on the exchange.

Key Details of the Name Change

The rebranding reflects an effort to align the corporate identity with the company’s multi-divisional structure. While the current name highlights the tube segment, the new title encompasses the broader industrial portfolio, including steel products, machinery, and fire fighting & MEP solutions. Investors should note that the name change does not alter the underlying business operations or financial structure but serves as a strategic positioning move.

Shree Marutinandan Tubes Limited has secured a work order worth approximately ₹0.7617 crore from Mehta & Associates Fire Protection Systems Pvt Ltd for the execution of fire fighting systems at the POWERGRID Kurnool Transmission Limited project in Andhra Pradesh. The order, awarded on June 23, 2026, encompasses the design, supply, testing, erection, and commissioning of a hydrant system, a conventional fire detection and alarm system, and a high velocity water spray (HVWS) system. The project is located at Manukurthi Village in Adoni, Kurnool, with a stipulated delivery date of December 30, 2026.

Order Details

The contract is classified as an ordinary course of business transaction with a domestic entity. The total consideration for the order is ₹0.7617 crore, including GST. The scope of work includes freight and transportation, which fall within the company's responsibilities. The agreement is subject to the jurisdiction of Ahmedabad.

Payment Terms

The purchase order outlines a structured payment schedule to facilitate the project's execution. The terms stipulate that 25% of the payment will be made as an advance, followed by 25% upon dispatch. Another 25% is due upon the completion of built-up erection, with the final 25% payable 30 days after the invoice is raised.

Regulatory Disclosures

The company confirmed that neither the promoter group nor any group companies hold any interest in the entity awarding the contract. Furthermore, the transaction does not qualify as a related party transaction. The intimation was submitted to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.