Cranex Limited has announced the receipt of significant purchase orders worth ₹7.43 crores from multiple major clients, marking a substantial boost to its order book. The company disclosed these developments under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on January 20, 2026.

Order Portfolio Overview

The total order value of ₹7,42,98,925 comprises contracts from four major domestic entities, demonstrating the company's strong market position in the crane manufacturing sector. All orders are from established public sector undertakings and railway organizations, reflecting the company's credibility in serving critical infrastructure clients.

Major Contract Details

The largest single contract comes from S.E.C.RLY-Bilaspur, valued at ₹2,86,68,100 for five units of 15/5T Main Hoist/Aux Hoist capacity equipment. This order has the longest delivery timeline, scheduled for completion by January 25, 2027.

BHEL-Haridwar has placed two identical orders, each worth ₹1,56,00,000, for 50/10T D/G EOT Cranes. These orders are scheduled for delivery by June 13 and June 17, 2026, respectively.

Service and Product Diversification

The order portfolio demonstrates Cranex Limited's diverse capabilities across manufacturing and services:

• Manufacturing Orders: EOT cranes of various capacities, hoisting equipment, and specialized wheels
• Service Orders: Crane shifting and relocation services, showcasing the company's technical expertise
• Specialized Equipment: Coach lifting tackle for railway applications

Delivery Timeline and Execution

The contracts span delivery periods from May 2026 to January 2027, providing the company with a structured revenue pipeline over the next 12-18 months. The shortest delivery timeline is for BHEL Jhansi's wheel order, due by May 6, 2026.

Corporate Governance and Compliance

The company has confirmed that all orders are arm's length transactions with no related party involvement. None of the promoter groups or group companies have any interest in the entities awarding these contracts, ensuring transparent business operations. All contracts include standard commercial terms covering quality specifications, delivery schedules, and mutually agreed pricing structures.

Cranex Limited has announced the appointment of Mr. Avinash Prabhat as a Non-Executive Independent Director, following shareholder approval at the company's 50th Annual General Meeting (AGM). The appointment, effective from May 20, 2025, is for a five-year term ending on May 20, 2030.

Director Profile

Mr. Prabhat, aged 29, brings a wealth of experience to the Cranex Limited board. He is a qualified Company Secretary with a B.Com degree and over five years of expertise in Corporate Law, Companies Act, SEBI Laws, and related legal matters. His appointment is expected to strengthen the company's corporate governance practices.

Appointment Details

The appointment of Mr. Prabhat (DIN: 10997441) was initially made on May 20, 2025, as an additional Director in the capacity of an Independent Director. This appointment was subsequently regularized at the 50th AGM held on September 29, 2025, where shareholders approved his position for a full five-year term.

Voting Results

The resolution for Mr. Prabhat's appointment as an Independent Director was passed with a significant majority. The voting results from the AGM show:

Corporate Governance Implications

Mr. Prabhat's appointment aligns with Cranex Limited's commitment to maintaining a strong and independent board. The company has confirmed that Mr. Prabhat is not related to any existing director on the board, ensuring his independence in decision-making processes.

Regulatory Compliance

In compliance with regulatory requirements, Cranex Limited has affirmed that Mr. Prabhat has not been debarred from holding directorial positions by SEBI or any other authority. This appointment adheres to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The addition of Mr. Avinash Prabhat to Cranex Limited's board is expected to bring fresh perspectives and strengthen the company's corporate governance framework, leveraging his expertise in corporate law and regulatory matters.