Laxmi Organic Industries has entered into a Global Sourcing Agreement with Hitachi Energy Limited, Zurich, Switzerland, as disclosed on September 10, 2025. The agreement, dated September 9, 2025, pertains to the supply of an eco-efficient gas used in Hitachi Energy's SF6-free high-voltage switchgear portfolio.
The key details of the agreement are as follows:
| Particulars | Details |
|---|---|
| Entity Awarding the Contract | Hitachi Energy Limited, Switzerland |
| Nature of Entity | International Entity |
| Terms of Contract | Global Sourcing Contract for the supply of goods |
| Time Period | 5 Years |
| Type of Contract | Global Sourcing Contract |
| Domestic or International | Both |
| Size of Contract | The overall size of the contract cannot be precisely determined at this stage. However, it may be noted that the total capex commitment by the Company under this contract shall be approximately ₹75 crores. |
| Interest of Promoter/Group | No |
| Related Party Transaction | No |
The company has confirmed that the promoter/promoter group/group companies do not have any interest in Hitachi Energy Limited. Additionally, the transaction does not fall within the purview of related party transactions and is conducted at arm's length.
This disclosure is made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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