Veerhealth Care Ltd Bags Order from Leading FMCG Company for Skincare Products
Veerhealth Care Ltd has secured a new order from a Fast Moving Consumer Goods (FMCG) company for the supply of skincare and face care products. The order has an accepted value of 616 Lakhs (Rupees Six hundred sixteen Lakhs) excluding GST.The new contract marks a significant opportunity for the company and is expected to contribute to additional growth in its turnover.
The key details regarding the order specify that the products supplied will be Face Care Products, sourced from a domestic entity.
Order Transaction Details
The transaction is structured with a defined execution timeline and specific financial considerations. The following table summarizes the material terms of the order:| Detail | Description |
|---|---|
| Nature of Product | Face Care Products / Skincare Products |
| Entity Type | Domestic Entity (FMCG Company) |
| Order Size (Broad Consideration) | Rs. 6.15 Crores |
| Execution Period | 45 Days |
| Related Party Status | Not applicable (No interest of promoter group) |
| Transaction Type | Not classified as related party transactions |
The terms and conditions require the company to execute the order within 45 days from the receipt of the contract. The company confirmed that there is no interest from the promoter or promoter group in the awarding entity, and the transaction does not fall within the purview of related party transactions.
Stock Price Movement
At the close of trading today, shares of Veerhealth Care Ltd settled at ₹19.98, trailing lower by 1.24%. Throughout the session, the stock traded with notable volatility, finding itself between an intraday low of ₹19.64 and a high of ₹20.36.Source:
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