Defrail Technologies Achieves Vendor Approval with TEK Automotive Malaysia, Secures First International Order
Defrail Technologies Limited has reached a significant milestone in expanding its global footprint after securing vendor registration with TEK Automotive Malaysia Sdn. Bhd., a reputable manufacturer and supplier in the automotive industry. The company has also received its initial purchase order from TEK Automotive Malaysia Sdn. Bhd. for the supply of automotive rubber components.The successful vendor registration solidifies Defrail Technologies’ capability to compete in international markets. The first purchase order, which is an international transaction, involves the supply of automotive rubber hose products.
Details of this new business relationship and order are as follows:
| Particulars | Details |
|---|---|
| Name of the Customer | TEK Automotive Malaysia Sdn. Bhd., Malaysia |
| Nature of Contract / Order | Receipt of first Purchase Order for supply of automotive rubber hose products |
| Whether Domestic / International | International |
| Broad Consideration / Size of Order | Vendor code open with TEK Automotive Malaysia Sdn Bhd USD 440 - Approx. ₹ 42,000/- (Rupees Forty-Two Thousand Only) |
| Relationship Status | Not a related party transaction |
This development is viewed as a strong indicator for the company’s strategy to expand its international client base and strengthen its presence in global markets. The order is expected to contribute positively to Defrail Technologies’ export business, reinforcing confidence from international customers regarding the quality and reliability of its products.
Defrail Technologies Limited maintains its commitment to building long-term relationships with leading global OEMs and Tier-1 automotive component manufacturers as it continues to enhance its export activities.
Stock Price Movement
Defrail Technologies Ltd settled at ₹70.21 today, finishing down 3.29% after a period of trading. The shares explored within an intraday range, momentarily reaching a high of ₹72.00 before finding support near the low of ₹70.21.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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