In its filing, Omnitech Engineering said the contract has been awarded through the Master Purchase Agreement route, under which the company will execute the order as per the terms agreed between the two parties. The company submitted the information to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for record and compliance purposes.
The company stated that the disclosure was made in line with SEBI’s prescribed reporting requirements, including the circulars related to material event disclosures under the Listing Regulations. The filing included details of the contract received from Weatherford Products GmbH and confirmed that the agreement falls under the reporting framework mandated for listed entities.Omnitech Engineering added that the intimation was being provided to ensure transparency and compliance with regulatory requirements governing listed companies. The company said the disclosure has been made for the information of investors and market participants and has been placed on record with the exchanges.
The contract secured from Weatherford Products GmbH marks a significant order win for the company under the Master Purchase Agreement structure, as communicated in its exchange filing.
Also read: Omnitech Engineering shares list at 11% discount to IPO price
Omnitech Engineering shares rose on Wednesday, with the stock closing at ₹208.95 on the NSE, up 8.30%.
