In a regulatory filing dated 2nd May 2025, Jyoti Limited, a leading engineering solutions provider, officially informed the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has secured a Letter of Intent (LOI) valued at approximately ₹6.35 crore (excluding GST). This order has been awarded by JWIL Infra Ltd, a Delhi-based infrastructure firm, for a critical water infrastructure project located in Pirtand, Jharkhand.

This new business win is poised to enhance Jyoti Limited’s portfolio in the water infrastructure sector, showcasing the company’s continued trust among infrastructure developers for high-performance pump solutions.

Scope of the Order

The awarded order pertains to the design, manufacture, and supply of six (6) sets of Vertical Turbine (VT) Pumps along with motors. These pump sets are typically used in large-scale water lifting and irrigation systems, suitable for deep well and sump applications—making them ideal for infrastructure projects in regions like Jharkhand.

Execution Timeline and Terms

The delivery of this order is scheduled to be completed within 24–28 weeks from the receipt of final technical document approval. This timeframe underscores Jyoti Limited’s operational efficiency and manufacturing capabilities. Key terms of the order include:

• Payment Terms: As specified in the Letter of Intent (LOI).

• Packing & Forwarding, Freight, and Insurance: Inclusive in the quoted price.

• Guarantee/Warranty: The equipment comes with a 30-month guarantee from the date of commissioning or 36 months from the date of dispatch, whichever comes first.

These terms indicate a comprehensive supply agreement that ensures reliability and post-delivery support.

Order Classification and Nature

This is a domestic order, falling under a non-related party transaction. As explicitly stated in the disclosure, neither the promoter nor the promoter group or group companies have any interest in the awarding entity, JWIL Infra Ltd. Thus, the order is considered to be executed at arm’s length, maintaining compliance with corporate governance practices.

Strategic Importance

Securing such a substantial order reiterates Jyoti Limited’s stronghold in the industrial pump manufacturing sector. The company has consistently been recognised for delivering technically sound and customized pumping solutions to various industries, including water, power, and irrigation.

Projects like this not only contribute to the company's top-line growth but also enhance its brand positioning in the infrastructure and utility sectors, particularly in states like Jharkhand where rural and semi-urban development projects are accelerating.

About the Awarding Company: JWIL Infra Ltd

JWIL Infra Ltd, a reputed name in infrastructure development, especially in water management and environmental projects, has undertaken several water and wastewater projects across India. Their collaboration with Jyoti Ltd underlines the confidence in Jyoti’s technical expertise, timely delivery, and after-sales support.

Impact on Jyoti Limited

While the order is relatively moderate in size at ₹6.35 crore, it represents a valuable addition to the company’s order book. More importantly, it signals continued order inflow from infrastructure developers and strengthens the company’s execution pipeline for the current financial year. The order further showcases Jyoti’s adaptability to diverse regional requirements, as it is geared toward a project in Eastern India.

Corporate Governance and SEBI Compliance

This disclosure comes in line with the SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024, which mandates structured and detailed reporting of orders/contracts secured by listed entities. Jyoti Limited has adhered to all requirements, including providing specific details like:

• Name of the awarding entity

• Scope and size of the order

• Timeline for execution

• Details of promoter group interest and related-party transaction status

Such structured disclosures promote transparency, investor confidence, and regulatory compliance—key pillars of sustainable corporate governance.

Future Outlook

Jyoti Limited continues to focus on expanding its presence in core industrial and infrastructure sectors, particularly in areas involving critical fluid handling systems. With increasing infrastructure spending by both government and private players, Jyoti Limited is likely to benefit from upcoming opportunities in irrigation, municipal water supply, and power generation projects.

The order from JWIL Infra Ltd is also a reaffirmation of the company's capability to meet challenging technical specifications, deliver customised engineering solutions, and maintain quality and reliability in manufacturing.

In addition to boosting revenue, such contracts allow Jyoti to demonstrate its technological strength and reliability to other potential clients in the infrastructure sector. This bodes well for future tender qualifications and order wins.

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