Srivasavi Adhesive Tapes Secures ₹50,04,936 Export Order, Marks Entry into Kuwait Market
Srivasavi Adhesive Tapes Limited secured an export order worth ₹50,04,936 (USD 53,244) from Engineering Industries Factory, Kuwait, through its wholly owned subsidiary Aneel Coating and Polymers Pvt. Ltd., for supply of Glu10 VACUUM MD PVC Membrane Adhesive within 30 days. The disclosure, made under Regulation 30 of SEBI LODR Regulations dated 11 May 2026, marks the company's entry into the Kuwait market with no related-party implications.

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Srivasavi Adhesive Tapes Limited has secured an export order worth ₹50,04,936 (USD 53,244) through its wholly owned subsidiary, Aneel Coating and Polymers Pvt. Ltd., from Engineering Industries Factory, Kuwait. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is dated 11 May 2026. This development marks the company's entry into the Kuwait market.
Order Details
The export order involves the supply of high-performance adhesive and coating solutions to the Kuwaiti buyer. The following table summarises the key parameters of the order:
| Parameter: | Details |
|---|---|
| Order Value: | ₹50,04,936 (USD 53,244) |
| Buyer: | Engineering Industries Factory, Kuwait |
| Supplier (Wholly Owned Subsidiary): | Aneel Coating and Polymers Pvt. Ltd. |
| Product: | Glu10 VACUUM MD PVC Membrane Adhesive |
| Quantity: | 540 carboys (10,800 kg net) |
| Execution Period: | Within 30 days |
| Application: | PVC membrane bonding in furniture and interior décor industry |
| Disclosure Date: | 11 May 2026 |
The product, Glu10 VACUUM MD PVC Membrane Adhesive, is described as a premium-grade adhesive engineered specifically for PVC membrane bonding applications in the furniture and interior décor industry. The order has been confirmed as an international contract, with no related-party transaction implications and no promoter or promoter group interest in the awarding entity.
Management Commentary
Commenting on the development, Mr. Aneel D.N., Managing Director of Srivasavi Adhesive Tapes Limited, stated:
"This export order to Kuwait is a significant milestone for Aneel Coating and Polymers. It reflects the international acceptance of our glu10 VACUUM MD formula and validates our manufacturing standards against global benchmarks. We look forward to building a long-term relationship with Engineering Industries Factory and expanding our footprint across the Middle East."
About Srivasavi Adhesive Tapes Limited
Srivasavi Adhesive Tapes Limited manufactures technical adhesive tapes at its facilities in Bangalore and Vadodara, operating across 5 units spread across Baroda and Bengaluru. The company's product portfolio includes technical adhesive tapes, die-cuts, labels, and decals made from film, fabric, felt, foil, foam, and paper. Key highlights of the company's operational profile include:
- Reach: Presence across 21 Indian states and 27 countries
- Manufacturing: 5 units equipped with 9+ coating lines, converting machines, and advanced R&D facilities
- Product Range: Over 300 SKUs, including import-substitute products
- R&D: Division equipped with more than 50 different testing instruments
- Brand: "DOLLAR" brand established in the industrial and technical tapes segment
- Business Model: B2B focus serving aerospace, railways, automotive, renewables, and infrastructure sectors
The company operates on green energy sources and its Unit 3 Pivot Facility enables in-house production of PSAs (rubber, water-based, hotmelt), specialty sealants (butyl and silicone), and polymer systems including emulsions and PU foam.
Quality Certifications
| Certification: | Details |
|---|---|
| ISO 9001:2015 | TÜV Nord–certified for design and manufacture of specialty self-adhesive tapes & die-cuts (Units 1 & 2) |
| IATF 16949:2016 | Automotive-grade quality management system |
| ISO 14000 | Certified environmental management system (In Progress) |
The Kuwait export order underscores the company's strategy of expanding its international footprint and growing its presence in the Middle East through its subsidiary entities.
Historical Stock Returns for Srivasavi Adhesive Tapes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.63% | +0.86% | +13.04% | -4.10% | -9.30% | +39.29% |
Could this initial Kuwait order serve as a gateway to larger, repeat contracts with Engineering Industries Factory or other buyers in the GCC region, and what is the company's targeted revenue from Middle East exports over the next 2-3 years?
How does Srivasavi plan to scale manufacturing capacity at Aneel Coating and Polymers to meet potential demand growth if Middle East orders accelerate beyond current production capabilities?
Are there any regulatory, tariff, or logistics challenges specific to exporting specialty adhesive products to Gulf Cooperation Council (GCC) countries that could impact the company's margin profile on international orders?



























