Srivasavi Adhesive Tapes' Subsidiary Receives Purchase Order from International Client
Srivasavi Adhesive Tapes Limited's wholly owned subsidiary, Aneel Coating and Polymers Pvt. Ltd., has secured a significant purchase order from M/s. ENGINEERING INDUSTRIES FACTORY. The order is for the supply of Glu 10 VACUUM MD- PVC MEMBRANE ADHESIVE.The purchase order represents a substantial business development for the adhesives manufacturer. According to the details, the total value of the order is ₹ 50,04,936/-, which is equivalent to 53,244 USD.
The contract was awarded by an international entity and specifies that the execution of the order must be completed within 30 days. Furthermore, the transaction is not considered a related party transaction, and the awarding entity has no recorded interest in the promoter or promoter group of Srivasavi Adhesive Tapes Limited.
The key details of the purchase order are summarized below:
| Detail | Information |
|---|---|
| Subsidiary Recipient | Aneel Coating and Polymers Pvt. Ltd. |
| Client Entity | M/s. ENGINEERING INDUSTRIES FACTORY |
| Product Supplied | Glu 10 VACUUM MD- PVC MEMBRANE ADHESIVE |
| International Status | International Entity |
| Order Value | ₹ 50,04,936/- (53,244 USD) |
| Execution Period | Within 30 days |
| Transaction Type | Not a Related Party Transaction |
SRIVASAVI Stock Price Movement
Shares of Srivasavi Adhesive Tapes Limited are holding steady at ₹58.5 as of 12:51 PM, showing no movement in live trading. The stock continues to trade flat, perfectly mirroring its previous session's close price and maintaining strong stability in the current market flow.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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