Samyag

Corporate Actions

Back

Premier Explosives rallies after bagging Rs 350-cr international defence order

22-Apr-26 14:42 Hrs IST

In a regulatory filing, the company said the contract has been awarded by an international client for the supply of defence products.

The order is to be executed over a period of two years, reinforcing the company's presence in the global defence segment.

The company clarified that the contract has been awarded by an international entity and does not involve any related party transactions. It also confirmed that neither the promoter nor promoter group has any interest in the awarding entity.

In a separate filing, Premier Explosives disclosed the cancellation of another international order for the supply of defence explosives.

The termination was due to non-receipt of the required export licence from the Government of India.

The company noted that the cancellation is expected to have a negligible impact on its financial performance and that no damages are payable in connection with the terminated contract.

Premier Explosives is engaged in manufacture of high energy materials like bulk explosives, packaged explosives, detonators, detonating fuse, solid propellants, pyrogen igniters, pyro devices, etc., having applications in mining, infrastructure, defence, space, homeland security and such other areas. The company also operates and maintains solid propellant plants of defence and space establishments.

The company's consolidated net profit fell 34.1% to Rs 6.08 crore on a 50.9% fall in revenue from operations to Rs 81.41 crore in Q3 FY26 over Q3 FY25.

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.