Dhabriya Polywood Ltd is likely to remain in focus after its wholly owned subsidiary, Dynasty Modular Furnitures Private Limited, secured a ₹13.05 crore order from M3M Group.
According to a regulatory filing, the subsidiary has received a Letter of Intent (LoI) for modular kitchen works.
With a market capitalisation of ₹440.55 crore, Dhabriya Polywood shares were trading at ₹409.45, up 1.50 percent during the session.
The stock has:
- Gained 10.29 percent over the last five trading sessions.
- Risen 8.07 percent over the past month.
- Touched a 52-week high of ₹490.
- Hit a 52-week low of ₹280.
Order details
The contract value stands at approximately ₹13.05 crore, including GST.
Key details of the project include:
- Client: M3M Group
- Scope: Modular kitchen works
- Execution period: 18 months
- Work to be carried out in multiple tranches
The company said the order has been awarded by a domestic entity.
It also clarified that:
- There is no promoter interest in the awarding entity.
- The transaction is not a related-party deal.
The latest order strengthens the company’s position in the premium residential interiors market.
M3M Group is a major developer with projects across the National Capital Region (NCR), particularly in the luxury housing segment.
The contract could help the subsidiary build relationships for future projects in residential developments.
About the company
Established in 1995, Dhabriya Polywood Ltd manufactures and sells:
- uPVC windows and doors
- Modular furniture
- Modular kitchens
- Plastic products
Its products cater to:
- Residential projects
- Commercial developments
- Hospitality projects
- Institutional clients
The company operates through integrated manufacturing facilities.
TL;DR:
Dhabriya Polywood’s subsidiary, Dynasty Modular Furnitures, has received a ₹13.05 crore order from M3M Group for modular kitchen works. The project will be executed over 18 months.
AI summary:
- Dynasty Modular Furnitures secured a ₹13.05 crore order from M3M Group.
- The contract is for modular kitchen works.
- Execution will take place over 18 months.
- The order does not involve a related-party transaction.
- Dhabriya Polywood shares were trading higher during the session.
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