Marvel Decor Limited has shared a new business update. The company has received a purchase order worth INR 4.15 Crore. This information was given to the National Stock Exchange of India Limited on 17/09/2026.
Marvel Decor Wins Rs 4.15 Cr International Order for Solis Motorized Roller Blinds
What is the official disclosure?
As per Regulation 30 read with Schedule III, Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company informed the exchange about receipt of purchase order. The NSE Symbol is MDL. The disclosure is as per SEBI Master Circular dated January 30, 2026. The letter was signed by Mayursinh O. Gohil, Company Secretary, Membership A69149.
How much is the order worth?
The broad consideration or size of the order is INR 4.15 Crore. This is the total value of the new purchase order received by the company.
Nature Of The Order
What product is ordered?
The nature of the order is regular purchase order of ‘Solis’ Motorised Roller Blinds. Motorized roller blinds are modern window blinds that open and close with a motor. They do not need manual pulling.
What is special about Solis brand?
The filing says all motorized blinds have been approved with Marvel’s own motors brand ‘Solis’. This means the company uses its own motor brand. Solis is Marvel Decor’s own motor brand for blinds. This shows the company is not using third-party motors.
Why did the client give this order?
The significant terms and conditions say: On the basis of quality of previous project undertaken we have received order for Motorized Roller Blinds. In simple words, the client was happy with the quality of earlier work. So they gave a new order.
Who Is The Client And Where Is The Order From?
Domestic or international?
The company said the order has been awarded by an international entity. It also says whether domestic or international, the answer is international. So this order is from outside India.
Is client name disclosed?
The name of entity awarding the order is mentioned as Confidential Information. This means the company has not shared the client name due to confidentiality. Many companies keep client names private for business reasons.
Execution Timeline And Compliance Details
Time to complete the order
The time period by which the order is to be executed is scheduled to be executed within a period of 3 months. So Marvel Decor Limited has 3 months to deliver and complete this order.
Is it a related party transaction?
The filing says No, the promoter and promoter group and group companies do not have any interest in the entity that awarded the order. It also says No, the order would not fall within related party transactions. Related party means business with own group, but this is not that. It is a regular external order.
What is arm’s length?
Since it is not a related party transaction, the question of arm’s length does not apply. The company has clarified this in the disclosure to follow SEBI rules.
Simple Meaning For Readers
Why is this order important?
In simple words, Marvel Decor Limited, which makes decor products, has received a new international order of Rs. 4.15 Crore. The order is for its own brand Solis motorized roller blinds. The client liked the quality of previous work, so they gave repeat business. The order must be finished within 3 months. The client name is kept confidential. It is not a related party order and promoters have no interest in it. This is a positive sign for the company’s international business and its own motor brand Solis.
Source: view pdf
Disclaimer: This article is strictly created for educational and informational purposes only. It is not intended as financial advice or an investment recommendation. Please conduct your own research or talk with a certified financial advisor before making any stock market or investment decisions.