Shree Marutinandan Tubes Ltd

Shree Marutinandan Tubes Limited has been awarded a significant purchase order valued at approximately ₹0.7617 Crore (Rs. 76,16,620/-) including GST. The order, received on June 23rd, 2026, from Mehta & Associates Fire Protection Systems Pvt Ltd, is for the execution of fire fighting work at the POWERGRID Kurnool Transmission Limited project in Andhra Pradesh. The scope includes the design, supply, testing, erection, and commissioning of a Hydrant System, Fire Detection & Alarm System, and HVWS System. The delivery date is set for December 30th, 2026. Payment terms are structured with 25% advance, 25% on dispatch, 25% on erection completion, and 25% after 30 days of invoice. The order falls within the ordinary course of business and is awarded by a domestic entity.

Shree Marutinandan Tubes Ltd has secured a significant work order from Value Fashion Retail Limited, an entity within the Arvind group. The order, valued at approximately ₹2.2444 Crore (including GST), is for the execution of plumbing, compressed air, steam, and condensate piping work at the Arvind site. The project is scheduled for completion by July 23, 2026, followed by a 6-month warranty and a 12-month defect liability period. Key terms include DAP (Arvind Site) INCOTERM, with 95% payment within 30 days and 5% retention. Liquidated damages are capped at 5% of the contract value.

Shree Marutinandan Tubes Ltd has secured a Work (Purchase) Order from Acline Projects Private Limited for fire fighting work on a back-to-back basis. The order value is approximately ₹0.4250 Crore (Rs. 42,50,000/-) including GST. The scope involves fire fighting work for critical care blocks in Jammu & Kashmir. The project duration is 6 months, followed by a 24-month defect liability period. Neither the promoter nor the promoter group has any interest in the awarding entity, and it does not fall under related party transactions.

Shree Marutinandan Tubes Ltd has secured a Work (Purchase) Order from Acline Projects Private Limited for fire fighting work on a back-to-back basis. The order, valued at approximately ₹0.4250 Crore (including GST), is for the construction and maintenance of critical care blocks in Jammu & Kashmir. The project is expected to be executed within 6 months, followed by a 24-month defect liability period. This order is in the ordinary course of business and does not involve any promoter group interest.

Shree Marutinandan Tubes Ltd. filed a statement of deviation and variation under Regulation 32(1) of the SEBI (LODR) Regulations, 2015 for the half year ended March 31, 2026. The filing indicates a reallocation of ₹0.09 crores from Public Issue Expenses to General Corporate Purposes, as approved by the Audit Committee and Board. The total amount raised was ₹14.30 crores on January 17, 2024.

Shree Marutinandan Tubes Ltd's board approved the audited consolidated and standalone financial results for the half year and financial year ended March 31, 2026. The auditor's report by M/s S K Jha & Co., Chartered Accountants, expressed an unmodified opinion on the financial results. The board meeting commenced at 05:30 PM (IST) and concluded at 09:30 PM (IST).

Shree Marutinandan Tubes Ltd's board approved the audited consolidated and standalone financial results for the financial year ended March 31, 2026, based on the Audit Committee's recommendation. The statutory auditors, M/s S K Jha & Co., issued an unmodified opinion on the standalone and consolidated financial results. The board meeting was held on May 26, 2026, from 05:30 PM (IST) to 09:30 PM (IST).

Shree Marutinandan Tubes Ltd has scheduled a Board of Directors meeting on May 26, 2026, to consider and approve the audited standalone financial results for the half-year and financial year ended March 31, 2026. The board will also take note of the auditor's report and discuss other matters with the chair's permission.

Shree Marutinandan Tubes Limited has clarified that there is no material information or event affecting its operations or performance that requires disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the movement in its share price is purely market-driven, and the management has no control over or knowledge of any specific reasons for the same.

Shree Marutinandan Tubes Ltd has announced the closure of the trading window for dealing in securities of the company by designated persons. The closure will be in effect from Wednesday, April 01, 2026, until 48 hours after the declaration of financial results for the fourth quarter and financial year ending March 31, 2026. The exact date of the announcement of financial results will be informed in due course.