Intimation of receipt of order from Larsen and Toubro Limited
ORDERS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 01 Apr 2026, 05:54 PM IST · BSE ID: e21c1ec0-2b5d-420a-b29a-4e4178ca9426
View Original BSE Filing (PDF)
💡
In Simple Terms
The company won a contract to supply modem equipment to Larsen & Toubro for a smart city project in Varanasi, worth Rs. 1,03,63,232.
🤖 AI Summary
- Sharika Enterprises secured Rs. 1,03,63,232 purchase order from Larsen & Toubro Limited
- Scope: Supply of GPRS Modem for DES-Varanasi-SCADA Smart Technology Integration Project
- Completion deadline: 30th December 2026 — approximately 8.8 months execution window
- Domestic contract with no promoter interest or related party transaction involvement
- Third L&T order disclosed within 9 days following Rs. 9.47 Crore SCADA contract intimation
🔢 Key Numbers — exact figures from BSE filing, not rounded
Order Value
Rs. 1,03,63,232
Execution Deadline
30th December 2026
Project
DES-Varanasi-SCADA Smart Technology Integration Project
🏢 How This Affects the Company
Adds incremental order value to the company's SCADA and smart technology integration revenue base. Third L&T order in 9 days demonstrates sustained order momentum in the DES-Varanasi project portfolio.
Rs. 1,03,63,232 order adds to order backlog and revenue recognition timeline through December 2026. Magnitude is material relative to typical quarterly revenues for listed micro-cap equipment suppliers.
Requires execution of GPRS modem supply and integration within 8.8-month window. Scale suggests manageable operational demand aligned with existing manufacturing and supply capabilities.
No promoter conflicts or related party exposure reduces governance risk. Dependence on L&T as anchor customer for multiple concurrent orders in same project creates concentration risk in customer pipeline.
👥 What This Means For Shareholders
✅
Action Required
No action required. This is an order disclosure under Regulation 30 — for information only.
👤
Who Is Affected
All equity shareholders are informed of incremental order backlog adding Rs. 1,03,63,232 to recognized revenue timeline. Institutional investors tracking order pipeline sustainability will monitor December 2026 completion metrics.
🔍
Management Signal
Management continues securing component-level supply contracts from tier-1 EPC integrators in smart city SCADA deployments, confirming strategic focus on infrastructure technology integration.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
December 2026 quarterly results — confirm GPRS modem order revenue recognition and gross margin realization
L&T project completion updates — track if Varanasi SCADA project extends or closes post-December 2026
Next order announcement — monitor if management secures follow-on orders from L&T or new domestic SCADA integrators
MEDIUM RISK
Three L&T orders within 9 days from single project creates high customer and geography concentration. Post-project revenue visibility unclear. Execution deadline December 2026 is firm.
💡 Investor Takeaway
Sharika Enterprises received Rs. 1,03,63,232 purchase order from L&T for GPRS modem supply in Varanasi SCADA project, executable by December 2026. This is the third L&T order disclosed in 9 days, indicating sustained momentum but signalling customer concentration in a single project geography.
⚖️ Strengths & Concerns
✅ Positives
- Third consecutive L&T order in 9 days validates product-market fit within DES-Varanasi SCADA ecosystem
- No related party transactions or promoter conflicts — clean governance structure for domestic equipment supply
⚠️ Concerns
- Individual order value Rs. 1,03,63,232 is modest relative to Rs. 9.47 Crore concurrent L&T SCADA contract
- Customer concentration: three orders within 9 days from single L&T project increases revenue dependency risk
📅 Company Track Record
Sharika Enterprises disclosed two prior L&T SCADA orders on 20-Mar-2026 (Rs. 9,46,80,856) and 24-Mar-2026 (press release Rs. 9.47 Crore variant). On 1-Apr-2026 also secured Rs. 28,36,130 government LED street lighting contract from Punjab Energy Development Agency. Current filing adds fourth material order within 12 days, signalling accelerated order inflow.
Based on publicly available historical data. For context only.