Emmforce Autotech Secures Rs 10.50 Crore Annual Supply Contract from US OEM
Emmforce Autotech Limited has secured a long-term supply contract with a USA-based Original Equipment Manufacturer (OEM) for manufacturing and supplying drivetrain parts. The contract is valued at approximately Rs 10.50 crores annually. This domestic supply arrangement with an international client is classified as an ordinary business transaction and does not involve related party transactions. The company has informed the Bombay Stock Exchange about this development in compliance with SEBI regulations.

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Emmforce Autotech Limited has announced a significant business development, securing a long-term supply contract with a USA-based Original Equipment Manufacturer (OEM). This contract marks a notable expansion in the company's international business operations.
Contract Details
Aspect | Details |
---|---|
Contract Value | Approximately Rs 10.50 crores annually |
Nature of Supply | Manufacturing and supplying drivetrain parts |
Client | USA-based Original Equipment Manufacturer |
Contract Type | Long-term supply order |
Transaction Classification | Ordinary business transaction |
Key Points
- The contract represents a domestic supply arrangement, despite the international client.
- Emmforce Autotech's promoter group has no interest in the awarding entity.
- The transaction does not fall under related party transactions.
Regulatory Compliance
Emmforce Autotech Limited has duly informed the Bombay Stock Exchange about this development, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided a detailed disclosure as per SEBI Circular No SEBI/HO/CFD-poD1/P/CIR/2023/123 dated July 13, 2023.
Implications
This contract signifies a positive development for Emmforce Autotech, potentially boosting its revenue and expanding its international clientele. The long-term nature of the supply order suggests a stable business relationship, which could contribute to the company's growth and market position in the automotive components sector.
Investors and market watchers may view this development as an indicator of Emmforce Autotech's competitive capabilities in the global automotive supply chain. The actual impact, however, will depend on successful execution of the contract.
Historical Stock Returns for Emmforce Autotech
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+1.41% | +0.72% | +18.17% | +99.33% | +45.58% | -17.50% |