Sprayking Limited, formerly known as Sprayking Agro Equipment Limited, has announced a significant business development that marks a promising growth step for the company. On July 14, 2025, the company formally disclosed to BSE Limited that it has received a Purchase Order (PO) valued at approximately ₹2 million for 60 Metric Tonnes (MT) of Brass Rods. This update was shared in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and as per the updated format mandated by SEBI via its Master Circular dated November 11, 2024.

The purchase order has been awarded by Aqura Industries, formerly known as Axelon Metals, which is a domestic entity. This order highlights Sprayking Limited’s ongoing market presence and operational capability in the brass extrusion segment. The transaction is for extrusion rods, which are widely used in various industrial and manufacturing applications including plumbing, electrical components, and mechanical systems.

According to the company’s disclosure, the order is scheduled for execution by July 5, 2025, which means the company has either already fulfilled or is in the final stages of delivering this contract. This swift execution timeline reflects Sprayking’s operational readiness and manufacturing efficiency.

What makes this development particularly noteworthy is that this ₹2 million order contributes positively to Sprayking’s revenue flow in the current quarter and strengthens its business positioning within the brass manufacturing and extrusion segment.

Furthermore, the disclosure clearly states that no promoter, promoter group, or group company has any interest in the entity that awarded the contract. It is also not categorized under related party transactions, and hence, it is a transaction conducted at arm’s length basis, in line with standard regulatory practices and corporate governance norms.

This update from Sprayking Limited is not just a routine announcement but signifies a strategic customer acquisition that could lead to more recurring orders in the future, particularly if Aqura Industries finds the execution and product quality satisfactory. The brass rod segment, especially in extrusion applications, has seen a steady rise in demand owing to developments in infrastructure, automotive, and electrical manufacturing sectors.

With this announcement, Sprayking Limited joins the list of small and mid-sized enterprises in India that are actively contributing to the Make in India initiative by delivering high-quality industrial components. This move also underlines the increasing trust that domestic buyers are placing in homegrown companies over international suppliers.

The company’s BSE filing, which included a formal letter addressed to the stock exchange authorities, was signed by Managing Director Mr. Hitesh Duduhagara, reiterating the company’s commitment to transparency, timely communication, and regulatory compliance.

From an investor standpoint, this ₹2 million order, although not large in size compared to blue-chip contracts, is significant for a company like Sprayking Limited that operates in a niche manufacturing sector. Such disclosures often serve as key indicators of order book health, revenue visibility, and business scalability, especially for micro-cap and SME-listed companies.

Investors and market analysts typically watch for SEBI Regulation 30 disclosures closely, as they offer real-time insight into a company’s operational performance, order wins, and any changes in its financial trajectory. Given the company's compliance with SEBI norms and the strategic importance of the order, this development could act as a positive signal for potential stakeholders looking for small-cap manufacturing plays in India’s capital market.

Sprayking Limited’s roots as Sprayking Agro Equipment Limited were primarily in agricultural equipment manufacturing. However, its transition into the brass rods and extrusion segment has allowed the company to diversify its offerings and cater to industrial demands beyond agriculture. This order from Aqura Industries could further solidify its pivot to industrial applications, especially in high-margin, engineered components.

The announcement also arrives at a time when domestic industrial production in India is witnessing a steady revival, boosted by government initiatives such as PLI schemes, infrastructure push, and local sourcing mandates. Companies like Sprayking that are well-positioned in the supply chain are likely to reap the benefits of this macroeconomic trend.

In addition to its manufacturing capabilities, Sprayking Limited has focused on building strong customer relationships and expanding its market reach, as evident from this collaboration with Aqura Industries. By maintaining a transparent communication strategy through regular stock exchange updates, the company is aligning itself with good governance practices, which enhances its credibility among institutional and retail investors alike.

Looking ahead, the company’s ability to consistently bag new orders, maintain product quality, and expand its operational bandwidth will be critical to its long-term success. Orders like these not only reflect demand consistency but also potentially open up long-term business opportunities, especially in the metal processing and industrial components space.

In summary, Sprayking Limited’s receipt of a ₹2 million brass rod order from Aqura Industries marks a strategic business achievement. The transaction, categorized under extrusion rods, has been awarded by a domestic entity, is free from any related party influence, and has already been executed or nearing completion by the stated deadline of July 5, 2025. The disclosure follows all guidelines laid out under Regulation 30 of the SEBI LODR Regulations, reaffirming the company’s commitment to corporate transparency and investor communication.

As India’s manufacturing and industrial sectors continue to scale, companies like Sprayking Limited are poised to play a crucial role in the value-driven supply chain, and updates like these serve as a barometer for their operational momentum and market trust.

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