Ahluwalia Contracts (India) Limited - Reply to Clarification Sought

18 Oct 2022 , 12:00 AM

The Exchange had sought clarification from Ahluwalia Contracts (India) Limited with respect to announcement dated 14-10-2022 regarding Awarding orders/contract.On the basis of aforesaid disclosure, the Listed entity was required to clarify the following:Bagging/Receiving of orders/contracts:1. Whether order(s) / contract(s) have been awarded by domestic/ international entity;2. Significant terms and conditions of order(s)/contract(s) awarded in brief;3. Nature of order(s) / contract(s);4. Whether domestic or international;5. Time period by which the order(s)/contract(s) is to be executed;6. Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof;7. Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at ?arms length?.The response of the company is attached.