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Business Update15 Oct 2026, 08:00 pm

Glass Wall Systems Receives Two LOIs for Façade Work

AI Summary

Glass Wall Systems (India) Ltd has received two Letters of Intent (LOIs) from an Indian customer for façade work. The scope includes design, engineering, manufacturing, procurement, and installation on a site basis in India. The orders are classified as 'Regular' and are to be executed within 24 months from the effective date. The company has confirmed no interest from promoters or group companies in the awarding entity and that the contracts will not fall under related party transactions. The specific value of these 'Regular' orders, which are below INR 50 crore, was not disclosed in this filing.

Key Highlights

  • Received two LOIs for façade work from an Indian customer.
  • Scope includes design, engineering, manufacturing, procurement, and installation.
  • Project execution timeline is 24 months from the order effective date.
  • Orders are classified as 'Regular' and are domestic.
  • No promoter/group interest or related party transaction concerns.