Ahlada Engineers Limited — Capital/Financing Update 2022

Dec 1, 2022

SURESH MOHAN Digitally signed by SURESH REDDY MOHAN REDDY CHEDEPUDI Date: 2022.12.01 14:51:24 CHEDEPUDI +05'30'

Press Release – For immediate dissemination

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- Ahlada Engineers Limited New Business Contract

Hyderabad, December 01, 2022: Ahlada Engineers Limited has secured an order worth Rs. 81.61 Crores (including GST) from the Government of Andhra Pradesh.

Ahlada Engineers Limited has secured an order from Andhra Pradesh Education & Welfare Infrastructure Development Corporation (APEWIDC). This project is part of flagship program “MANABADI: NADU- NEDU " Phase-II of Government of Andhra Pradesh.

The scope of the project includes supply and installation of Powder Coated Galvanized Steel Doors (Frames with Shutters) to Government Schools (Educational Institutions)as package – IVfor 8 Districts in the state of Andhra Pradesh.

With the above, the total order book from Government of AP is at Rs. 132.97 Crores till date including the earlier order of Rs. 51.36 Crores. This contract is in addition to the existing business with Tata Steel Limited and other clients.

Commenting on the same, Managing Director, Ch. Suresh Mohan Reddy said that “we have successfully completed supplies of products allotted to us, viz. Ceramic Steel Green Chalk Boards, Dual Desks and Purified Drinking Water System under Phase-I of the same programme .

Further, we are looking forward for repeat orders from Government of AP for supply of Green Chalk Boards, Dual Desks and Purified Drinking Water Systems under Phase-II as well.

We also intend to work with other State Governments and private institutions for supply of similar products throughout India to expand our network, with an endeavor to increase revenue and profitability”.

About Ahlada:

Ahlada Engineers Limited is in the business of manufacturing steel doors,steel windows (steelframe),Ceramic Steel Green Chalk Boards, Dual Desks, Purified Drinking Water System andother school furniture.We cater to customers across various segments and industries. We currently have our facilities spread across 2 manufacturing units in addition to one assembling unit and stock yard, on the outskirts of Hyderabad.