Precision Electronics Limited has announced securing a significant order worth ₹49.00 lakh from a private entity in the aerospace and defense segment. The company made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Order Details and Specifications

The contract involves the supply of masts with accessories according to customer specifications. Due to confidentiality clauses and commercial sensitivity requirements, the company has not disclosed the name of the awarding entity.

Contract Terms and Execution

The order has been awarded by a domestic entity, emphasizing Precision Electronics Limited's growing presence in the Indian aerospace and defense market. The company will deliver the masts with accessories as per the customer's specific requirements and technical specifications.

The execution timeline is set within the current financial year, indicating a relatively quick turnaround for the project. This domestic contract adds to the company's order book and reinforces its capabilities in the defense sector.

Regulatory Compliance and Transparency

In compliance with SEBI regulations, the company confirmed that:

• The promoter, promoter group, or group companies have no interest in the entity that awarded the order
• The contract does not fall within related party transactions
• All dealings are conducted at arm's length

This order represents another step in Precision Electronics Limited's continued engagement with the aerospace and defense sector, demonstrating the company's ability to secure contracts from private entities in this specialized market segment.

Precision Electronics Limited has announced securing a government contract worth ₹2.73 crores in the aerospace and defense segment. The company disclosed this development through a regulatory filing under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details and Specifications

The contract involves the supply of masts and tripods along with accessories, manufactured according to the customer's specific requirements. The order has been placed by a government entity operating in the aerospace and defense sector, though the client's identity remains confidential due to contractual clauses and commercial sensitivity considerations.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations as mandated by SEBI regulations, providing comprehensive details about the contract terms and conditions. The filing confirms that this is a domestic contract with no related party transactions involved.

Key regulatory aspects of the disclosure include:

• No promoter or group company interest in the awarding entity
• Contract does not fall under related party transactions
• Full compliance with SEBI Master Circular requirements dated November 11, 2024

Business Impact and Timeline

The contract represents a significant addition to Precision Electronics Limited's order book in the defense sector. The company is committed to delivering the specified products within the current financial year, demonstrating its capability to meet government sector requirements and timelines.

The aerospace and defense segment continues to present growth opportunities for specialized electronics manufacturers, with government entities increasingly sourcing critical components from domestic suppliers. This contract reinforces the company's position in serving the defense sector's specialized equipment requirements.