Nitiraj Engineers Limited — Capital/Financing Update 2019

Aug 29, 2019

Date: 29^th August 2019

To, The Manager Listing Department National Securities Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East) Mumbai-400051

Sub: New Order received from the Govt. of Kerala

Dear Sir,

Please find attached Media Release regarding announcement of New Order received from the Govt. of Kerala.

Thanking you,

Yours Faithfully For Nitiraj Engineers Limited

Abhat

Mr. Rajesh R. Bhatwal Chairman & Managing Director

Nitiraj Engineers Limited

Media Release

Received Prestigious Order for Supply of Newly Developed Weighing Scales in Healthcare Range

Order worth over Rs. 13 Crore from the Govt. of Kerala

29 Aug 2019: Nitiraj Engineers Limited (NSE-SME: NITIRAJ), Incorporated in 1989 is one of the leading manufacturers of Electronic Weighing Scales and Systems and Digital Fare Meters, has received a prestigious order for supply of newly developed weighing scales in the Healthcare range. This value of this order is over Rs. 13 Crore.

Details of the order:

• To supply total of over 1,30,000 scales
• Supplied scales to be used in Women and Child Development Department
• Order to be executed by October 2019

Management Comment:

Commenting on this development, Mr. Rajesh R. Bhatwal, (Chairman & Managing Director) of Nitiraj Engineers Limited said. "I am happy to share that we received order of over Rs 13 crore. from the government of Kerala, to supply of newly developed weighing scales in Healthcare range. With this prestigious order we have increased our presence and expanded our reach in the Government sector. We have been recognized as one of the leading manufacturers of Electronic & Mechanical Weighing Scales and Systems, Currency Counting Machines and Electronic Fare Meters in India and this order enhances our reliability and market position in the Weighing Scale Industry. We believe in easy and swift order execution through operational efficiencies combined with hardworking and talented team members, that would reflect in our business & financial performance in the coming quarters."

Company Overview

Established in 1989, Nitiraj Engineers Ltd. is one of the leading manufacturers of wide range of Electronic & Mechanical Weighing Scales and Systems, Currency Counting Machines and Electronic Fare Meters catering to both industrial and domestic consumption. These products are classified according to their applications and utilities in the categories of Industrial, Commercial, Jewellery, Healthcare, Household and Automobile. The Company supplies

machines to various state governments under Child Growth Monitoring Systems (CGMS) program. These machines have advanced technology support in form of data collection, plotting, MIS and dissemination.

The Company has a sophisticated, state-of-the-art facility located at Parwanoo in Himachal Pradesh for continuous research, stringent quality control and consistent production with a capacity to produce more than one lakh scales per annum. The products are supplied under brand name 'PHOENIX', through a well-connected sales and service network of 18 branches in the states of Chhattisgarh, Maharashtra and Odisha and over 450 dealers across India as well as abroad. The Company is an ISO 9001:2015 certified company and has more than one million customers. The Company caters to customers 'evolving needs effectively with a team of qualified and experienced engineers equipped with modern facilities are engaged in designing and developing electronic hardware and software. The Company has a well-equipped Research & Development Department and Corporate Office situated at Dhule, Maharashtra.

For more details please visit:

For further information please contact: www.nitiraj.net/

Company:	Investor Relations:
Mr. Kailas Agrawal	Mr. Amit Sharma
Nitiraj Engineers Limited	Ms. Disha Shah
E-mail: expenses@nitiraj.net	Bridge Investor Relations Pvt. Ltd.
	Email: amit@bridge-ir.com
	disha@brigde-ir.com

Note: Certain statements in this document may be forward-looking statements. Such forwardlooking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other risk factors, viewers are cautioned not to place undue reliance on these forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forwardlooking statements to reflect subsequent events or circumstances.