Walchandnagar Industries Limited , a prominent player in the Indian manufacturing sector, has recently responded to the Bombay Stock Exchange's (BSE) inquiry regarding a notable surge in its share trading volume. The company's clarification sheds light on the market dynamics and its commitment to regulatory compliance.

Key Points of the Clarification

• Regulatory Compliance: Walchandnagar Industries affirmed its adherence to SEBI regulations, stating that all material information and price-sensitive data have been duly disclosed.
• Market-Driven Factors: The company attributed the significant increase in trading volume to market-driven factors, expressing no awareness of specific reasons for the surge.
• No Undisclosed Information: Management confirmed that there is no undisclosed price-sensitive information that requires disclosure to the exchanges at this time.
• Ongoing Compliance: The company assured its continued compliance with regulatory disclosure requirements.

Details from the LODR Data

The Latest Operational and Disclosure Requirements (LODR) data provides additional context to the company's response:

In its official response, Walchandnagar Industries reiterated its commitment to promptly inform the Exchange of all material events, information, and actions as required under Regulation 30 of the SEBI (LODR) Regulations 2015.

The company's proactive clarification demonstrates its dedication to transparency and investor relations. By addressing the BSE's inquiry promptly, Walchandnagar Industries aims to maintain investor confidence and uphold market integrity.

Investors and market watchers may continue to monitor Walchandnagar Industries' performance and any further announcements that could provide insights into the company's operations and market position.

Walchandnagar Industries Limited (WIL), a veteran engineering company with over 115 years of operational legacy, has clinched a significant contract worth ₹307.50 crore from the Vikram Sarabhai Space Centre (VSSC). This development marks a substantial boost to the company's order book and underscores its pivotal role in India's space program.

Contract Details

The contract, awarded on March 28, 2025, involves the fabrication and supply of S139 segment hardware for VSSC. Here are the key aspects of the agreement:

• Contract Value: ₹307.50 crore
• Duration: Five years from the effective date or until fourteen months after the supply of the last hardware
• Scope: Fabrication and supply of:
  • 5 quantities each of S139 Head End Segment (HES) Hardware
  • 5 quantities each of S139 Middle Segment (MS) Hardware
  • 5 quantities each of S139 Nozzle End Segment (NES) Hardware
• Specifications: 2.8 meter nominal diameter in Maraging Steel
• Material Supply: Raw materials to be provided by VSSC

Strategic Importance

This contract reinforces Walchandnagar Industries' position as a crucial player in India's space ecosystem. The company has an impressive track record in this domain:

• Largest manufacturer of S139 End Segments, having delivered 200 such segments
• Only manufacturer in India producing Head End Segment (HES) and Nozzle End Segment (NES)
• These segments are integral to Polar Satellite Launch Vehicle (PSLV) and Geosynchronous Satellite Launch Vehicle (GSLV) MK II flights

Management's Perspective

Chirag Doshi, MD and CEO of Walchandnagar Industries, expressed his views on this achievement:

"This contract win is an endorsement of WIL's prowess and capabilities in spearheading India's space research journey. The Company will continue to be at the forefront in helping the nation achieve its ambition of being a respected space superpower."

Delivery Timeline

WIL is set to commence the delivery of the first S139 End Segment within six months from receiving the Free Issue Materials for the Segment. This swift turnaround demonstrates the company's operational efficiency and readiness to meet the demands of India's growing space sector.

Additional Contract Provisions

The contract includes an option for VSSC to order additional quantities up to a maximum of 3 Segments (HES, MS or NES, or in combination) under the same terms and conditions, potentially increasing the scope and value of the agreement.

This latest contract not only bolsters Walchandnagar Industries' financial outlook but also reaffirms its critical role in supporting India's space ambitions. As the nation continues to make strides in space exploration and satellite technology, companies like WIL are proving instrumental in turning these aspirations into reality.