United Heat Transfer Limited has announced the receipt of a significant purchase order from Ingersoll-Rand (India) Limited, marking another milestone in the company's business operations. The order, valued at Rs 25,50,000/- (excluding tax), involves the manufacturing and supply of heat exchanger equipment.

Order Details and Specifications

The purchase order encompasses the manufacturing and supply of heat exchanger equipment to be produced at United Heat Transfer Limited's domestic manufacturing facility. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on April 28, 2026.

Commercial Terms and Timeline

The contract establishes clear commercial parameters for the transaction. The order specifies net 45-day payment terms, providing a standard commercial framework for the business relationship. The delivery schedule requires completion by May 30, 2026, giving the company approximately one month to fulfill the manufacturing and supply requirements.

The transaction represents a purely domestic arrangement, with both the client and supplier operating within India. This domestic nature of the contract aligns with United Heat Transfer Limited's focus on serving the Indian industrial market.

Regulatory Compliance and Transparency

The company has confirmed that this transaction does not constitute a related party arrangement, ensuring arm's length commercial terms. The disclosure follows SEBI guidelines, including recent circulars dated July 13, 2023, and November 11, 2024, demonstrating the company's commitment to regulatory compliance and transparency.

The announcement was signed by Mr. Yogesh Vishwanath Patil, Chairman & Managing Director, on behalf of the Board of Directors, reflecting proper corporate governance procedures in the disclosure process.

United Heat Transfer Limited has filed an appeal with the Appellate Authority of the GST Department of Maharashtra, challenging a penalty order that imposes significant financial obligations on the company. The appeal was filed on 23rd April, 2026, following proper regulatory procedures and disclosure requirements.

Appeal Details and Financial Implications

The company has contested an order dated 5th February, 2026, received via email on 6th February, 2026, from the GST Department of Maharashtra. As required under the MGST Act, 2017 and CGST Act, 2017, United Heat Transfer made a pre-deposit of Rs. 10,80,000 before filing the appeal in Form GST APL-01.

Background and Regulatory Timeline

The penalty order stems from a Show Cause Notice dated 25th August, 2025, to which the company had submitted its reply on 8th September, 2025. The GST authorities alleged that United Heat Transfer failed to discharge tax liability related to the transfer or reassignment of leasehold rights of MIDC industrial plots to another entity during Financial Year 2023-24.

Company's Position and Expected Impact

United Heat Transfer has expressed confidence in achieving a favorable outcome at the appellate level. The company's management assessment indicates that they do not reasonably expect this litigation to have any material financial impact on the company's operations or financial position.

Regulatory Compliance

The disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024. The company has also committed to making this information available on its official website, ensuring transparency with stakeholders and regulatory authorities.