Shree Marutinandan Industries Ltd (544083)

Shree Marutinandan Industries Limited has secured a domestic purchase order valued at ₹1.3682 crore (exclusive of GST) from Sahana Marine-Infra Tech Limited on November 6, 2026. The contract covers civil works (₹78.55 lakh) and supply of materials (₹58.27 lakh). The project has an execution timeline of 45 days. Compared to its quarterly revenue run rate (₹72 crore in Mar 2026), the order value is relatively small at under 2% of quarterly sales.

• Order value is approximately ₹1.3682 crore (Rs. 1,36,82,000) exclusive of GST
• Total value inclusive of 18% GST (₹24.63 lakh) is ₹1.61 crore (Rs. 1,61,44,760)
• Work comprises civil/dismantling/engineering works of ₹78.55 lakh and material supplies of ₹58.27 lakh
• Execution timeline agreed is within 45 days from award

Shree Marutinandan Industries Limited has secured a domestic work order worth ₹0.3038 crore (exclusive of GST) from GS PEB & Civil Works Private Limited. The contract involves the supply and installation of pipe and sanitary fixtures at a project site in Nagpur, Maharashtra. The order is valid up to April 16, 2027, with milestone payments including 60% on material delivery and defect liability retention for 12 months. Relative to its half-yearly revenue base (Rs 72-78 crore in recent periods), the order value is very minor at under 0.5%.

• Order value of approx. ₹0.3038 Crore (₹30,38,340) exclusive of GST
• Contract awarded by GS PEB & Civil Works Private Limited on October 17, 2026
• Work Order validity extends up to April 16, 2027
• Commercial terms include 60% payment on delivery within 10 days and a 12-month defect liability retention

Shree Marutinandan Tubes Limited has received a fresh Certificate of Incorporation from the Ministry of Corporate Affairs confirming its name change to Shree Marutinandan Industries Limited. The approval follows shareholder consent via postal ballot passed on September 8, 2026, and is effective from October 1, 2026. The name clause in the Memorandum and Articles of Association has been updated accordingly. This is an administrative rebranding reflecting broader industry divisions including steel, machinery, and MEP.

• Company name officially changed to Shree Marutinandan Industries Limited effective October 1, 2026
• Received Certificate of Incorporation from MCA Central Processing Centre on October 8, 2026
• Special Resolution for the name change was approved by shareholders on September 8, 2026
• Board approval for the name change was previously granted on August 5, 2026

Shree Marutinandan Tubes Ltd has secured a purchase order worth ₹0.2595 crore from S M Techno Consultants Private Limited. The contract involves the supply of IT and networking equipment, including servers, switches, and workstations, for Maharana Pratap Airport in Udaipur. The order is expected to be executed within a short timeframe of one month. While the company calls this a 'Material' order, it represents less than 0.1% of its TTM revenue of ₹263 crore.

• Order value of ₹0.2595 crore (approx. ₹25.95 lakhs) including GST
• Execution timeline set for within one month from the order date of August 10, 2026
• Scope includes specialized IT hardware like NTP Servers, 24-Port Multi-gig Managed Switches, and Workstation PCs
• Delivery location is Maharana Pratap Airport, Udaipur (Dabok), Rajasthan
• Payment terms are 30 days from the date of delivery

Shree Marutinandan Tubes has announced a re-organization of its Board of Directors effective August 06, 2026. Mr. Vikram Shivrattan Sharma, previously the Managing Director, has transitioned to the role of Chairman and Whole-time Director. Simultaneously, his brother Mr. Bharat Shivratan Sharma has moved from Whole-time Director to Managing Director. Both appointments are for a five-year term ending August 05, 2031, and are subject to shareholder approval.

• Vikram Shivrattan Sharma (13.87% stake) appointed as Chairman & Whole-time Director for a 5-year term
• Bharat Shivratan Sharma (10.40% stake) appointed as Managing Director for a 5-year term
• The leadership swap involves two brothers who have been associated with the company since its incorporation in 2013
• The company maintains a small market cap of Rs 22 Cr relative to its TTM revenue of Rs 263 Cr

Shree Marutinandan Tubes has announced a re-organization of its top leadership effective August 6, 2026. Mr. Vikram Shivrattan Sharma (13.87% stake) has resigned as Managing Director to take over as Chairman & Whole-time Director. Simultaneously, his brother, Mr. Bharat Shivratan Sharma (10.40% stake), has moved from Whole-time Director to become the new Managing Director. Both appointments are for a five-year term ending August 5, 2031, subject to shareholder approval.

• Vikram Shivrattan Sharma holds 4,80,000 equity shares representing a 13.87% stake in the company.
• Bharat Shivratan Sharma holds 3,60,000 equity shares representing a 10.40% stake in the company.
• Both directors have been associated with the company since its incorporation in March 2013.
• The new appointments are for a fixed term of 5 years, effective from August 6, 2026, to August 5, 2031.
• The board meeting for these changes was conducted within 60 minutes, from 3:00 PM to 4:00 PM on August 5, 2026.

The Board of Directors of Shree Marutinandan Tubes Limited approved a name change to 'Shree Marutinandan Industries Limited' on August 05, 2026. This administrative change is subject to shareholder and regulatory approvals, including alterations to the Memorandum and Articles of Association. The company, which has a TTM revenue of ₹263 Cr and a small market cap of ₹22 Cr, appears to be broadening its corporate identity beyond its specific 'Tubes' product focus. No immediate financial impact or business pivot was detailed in the filing.

• Board approved name change from Shree Marutinandan Tubes Limited to Shree Marutinandan Industries Limited on August 05, 2026.
• The meeting commenced at 03:00 p.m. and concluded at 04:00 p.m.
• Company reported a TTM revenue of ₹263 Cr against a current market capitalization of only ₹22 Cr.
• Promoter holding remains stable at 58.3% as per the latest March 2026 records.