Shubhshree Biofuels Energy Limited has announced a significant development in its business operations. The company has received an order from Sanathan Polycot Private Limited for the supply of biomass fuel. This marks an important step for Shubhshree Biofuels, as it solidifies its position in the energy sector, providing an environmentally friendly and sustainable fuel option.

The company has entered into a "Fuel supply term sheet" with Sanathan Polycot, detailing the terms and conditions for the provision of biomass fuel. The order is substantial, with a minimum commitment of 2,16,000 metric tons (MT) of biomass fuel to be delivered over a period of three years. This long-term supply agreement is a major move for Shubhshree Biofuels, reinforcing its role as a key player in the renewable energy space.

According to the agreement, Shubhshree Biofuels will supply biomass fuel to Sanathan Polycot Private Limited, a domestic entity, under the outlined terms of the contract. The execution of the contract will span three years, ensuring a continuous and stable supply of biomass fuel, which is an essential resource for energy production and industrial processes.

The transaction does not involve any related party dealings. Furthermore, the company confirms that the order does not fall under related party transactions and that the arrangement is being conducted at arm’s length, as per the guidelines set by SEBI. The company has also clarified that there are no interests from the promoter group or group companies in Sanathan Polycot, further ensuring that the contract is free from conflicts of interest.

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shubhshree Biofuels has made this disclosure to the National Stock Exchange (NSE Emerge), adhering to the required regulatory norms for transparency. The details are also available on the company’s official website for stakeholders and investors to access.

This development is a testament to Shubhshree Biofuels’ commitment to expanding its business operations and contributing to sustainable energy solutions. The biomass fuel supply agreement with Sanathan Polycot will not only strengthen the company’s market presence but also contribute to the growing demand for eco-friendly energy solutions in the industrial sector.

The company is expected to continue its strategic efforts to secure further contracts and grow its portfolio in the renewable energy market. The biomass fuel supply agreement is a key milestone in the company’s journey, and it holds promise for future opportunities and collaborations.

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