Dhabriya Polywood Subsidiary Secures 13 Crore Work Order for Modular Kitchens from M3M Group
Dhabriya Polywood Ltd.'s wholly owned subsidiary, Dynasty Modular Furnitures Pvt. Ltd., has secured a significant work order from M3M Group. The contract pertains to the execution of Modular Kitchen Works and is valued at a total consideration of 13.05 Crore, inclusive of GST.The receipt of this domestic work order marks a substantial operational update for the company and its subsidiaries.
Key details regarding the secured contract are as follows:
| Detail | Specification |
|---|---|
| Client | M3M Group |
| Nature of Work | Modular Kitchen Works |
| Total Consideration | 13.05 Crore (including GST) |
| Execution Timeline | The project is scheduled for completion in 18 months, delivered in various tranches as per the order terms. |
This contract has been awarded by M3M Group and carries a value of 13.05 Crore. It was confirmed that the work does not constitute a related party transaction. Furthermore, the promoter group has no interest in the entity awarding the contract.
Stock Price Movement
As the market closed today, shares of Dhabriya Polywood Ltd. settled at ₹403.40, slipping 2.08% during trading. The stock moved through an intraday range, hitting a low near ₹401.00 but briefly touching highs around ₹423.65.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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