Sharika Enterprises Limited Secures ₹5.43 Crore Purchase Order from LS Cable India

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Key Highlights

Sharika Enterprises Limited has received a purchase order worth ₹5.43 crores from LS Cable India Private Limited for supplying 48F OPGW Cable and optical unit. The domestic contract, disclosed under SEBI Regulation 30, has a completion deadline of January 15, 2026. The transaction does not involve any related party connections and represents a significant business development for the power transmission solutions company.

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Sharika enterprises Limited has secured a substantial purchase order worth ₹5.43 crores from LS Cable India Private Limited, as disclosed in a regulatory filing under SEBI Regulation 30. The contract involves the supply of 48F OPGW (Optical Ground Wire) Cable and optical unit, marking a significant business milestone for the power transmission solutions provider.

Contract Details and Specifications

The purchase order, valued at ₹5,43,05,702 (Rupees Five Crore Forty-Three Lakh Five Thousand Seven Hundred Two), encompasses the supply of specialized optical ground wire cables. The contract specifications and key parameters are outlined below:

Parameter Details
Contracting Entity LS Cable India Private Limited
Contract Value ₹5,43,05,702
Product Type 48F OPGW Cable and optical unit
Contract Nature Domestic purchase order
Completion Date January 15, 2026

Regulatory Compliance and Disclosure

The announcement was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 30. The disclosure follows the guidelines set forth in SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring transparency in material contract announcements.

Contract Terms and Timeline

The contract is structured as a domestic transaction with a tight execution timeline. Key aspects of the agreement include:

  • Execution Period: The contract must be completed by January 15, 2026
  • Product Focus: Supply of 48F OPGW Cable and optical unit
  • Transaction Type: Standard commercial purchase order
  • Related Party Status: The contract does not constitute a related party transaction

Corporate Governance Aspects

The company has confirmed that neither the promoter, promoter group, nor group companies have any interest in LS Cable India Private Limited, the entity awarding the contract. This ensures the transaction maintains arm's length commercial terms and adheres to corporate governance standards.

The regulatory filing was signed by Pushpa Yadav, Company Secretary & Compliance Officer, and submitted to BSE Limited on January 9, 2026, demonstrating the company's commitment to timely regulatory compliance and stakeholder transparency.

Historical Stock Returns for Sharika Enterprises

1 Day5 Days1 Month6 Months1 Year5 Years
-0.84%-9.96%-0.84%+56.72%+24.18%+43.40%

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1 Year Returns:+24.18%