In a significant development for Shivalic Power Control Limited, the company has been awarded a prestigious order valued at Rs. 111 Lacs from NXTRA Data Limited for the supply of LT Panels. This order, which marks a notable achievement for the company, will see Shivalic Power Control executing the project as per the terms outlined in the agreement. The commercial order is set to be completed by February 2025, as per the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The project awarded by NXTRA Data Limited, a domestic entity, is an important step for Shivalic Power Control as it strengthens its portfolio of commercial contracts in the power and control panels sector. This contract is not only a testament to the company's capabilities but also highlights its increasing prominence in the Indian power control industry.

The company has clarified that no promoter or promoter group has any interest in NXTRA Data, ensuring that the contract does not fall under related party transactions. Furthermore, the contract is expected to be executed at arm’s length, maintaining transparency and compliance with corporate governance standards. The project is scheduled to be delivered on time, with the completion expected by February 2025.

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This disclosure serves as a part of Shivalic Power Control's ongoing commitment to transparency and compliance with SEBI regulations, keeping shareholders and investors informed of significant developments in the company’s operations.

Shivalic Power Control’s securing of this LT Panels order reinforces its position as a key player in the power control industry, contributing to the growth of India’s energy infrastructure. With such commercial orders, Shivalic Power Control continues to move ahead on its path of expansion, ensuring its involvement in projects that drive India’s industrial and commercial growth.

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This order by Shivalic Power Control is a key milestone in the company’s journey and further strengthens its standing in the competitive power control market.