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Salzer Electronics Ltd. — Capital/Financing Update 2025
Mar 17, 2025
61391_rns_2025-03-17_fd2fa48e-500e-47eb-bc65-07eedd017379.pdf
Capital/Financing Update
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F:\My Documents\S E L\EXCH\SEBI(LODR)
March 17,2025
To
THE CORPORATE RELATIONSHIP DEPT M/s. BSE Limited I Floor, New Trading Ring, Rotunda Building, P. J. Towers, Dalal Street, Fort, Mumbai - 400 001. SCRIP CODE: 517059
M/s. NATIONAL STOCK EXCHANGE OF INDIA LTD., Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Tel: +91 22 26598235/36, 26598346 Fax: +91 22 26598237/38
Symbol : SALZERELEC
Dear Sir,
Sub: Intimation under Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
With reference to the captioned subject, we are forwarding herewith our press release titled “Salzer Electronics Secures Major Order for Smart Meters Under RDSS“.
The above is for your information, records and dissemination please.
Thanking you
Yours Faithfully
For SALZER ELECTRONICS LTD
MURUGESAN.K.M. Digitally signed by MURUGESAN.K.M. DN: c=IN, o=PERSONAL, title=8272, pseudonym=4b2621fcc885457194474f6d5524c430, 2.5.4.20=a369294025c3a56c86574833907f53d9b69f56549fdc8b700d76a17c2be971dc, postalCode=638183, st=Tamil Nadu, serialNumber=705e9c401400bba14f9a2afe5a2eb2009dcbf720c6386f94bb32260013d24288, cn=MURUGESAN.K.M. Date: 2025.03.17 10:12:54 +05'30'
K M MURUGESAN COMPANY SECRETARY
(ACS: 25953)
PRESS RELEASE
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Salzer Electronics Secures Major Order for Smart Meters under RDSS
Coimbatore, March 17, 2025: Salzer Electronics Limited, a leading manufacturer of wide array of electrical products, announced that, it has received a second order valued at INR 50 crore for Smart Energy Meters from one of the largest Advanced Metering Infrastructure Service Providers (AMISP) in India.
This follows an initial order of INR 5 crore received in the previous quarter from the same customer, underscoring their continued trust in our products and manufacturing capabilities. This repeat order further validates Salzer’s position as a key player in India's growing smart metering sector.
With an annual production capacity of 4 million Smart Meters, our newly established manufacturing facility is well-prepared to meet the increasing demand in India's rapidly evolving energy infrastructure. This development aligns with Salzer Electronics Limited’s strategic vision to contribute to the nation’s smart metering initiative and support the transition to more efficient and reliable energy management systems.
Commenting on the order, Mr. D Rajesh Kumar, Joint Managing Director said, “We take immense pride in being a valued partner in the Government of India's ambitious Revamped Distribution Sector Scheme (RDSS), a transformative initiative aimed at modernizing the nation's power sector through advanced smart solutions. This order is a testament to Salzer’s dedication to excellence and our ability to meet stringent quality standards in smart metering technology.”
We remain committed to updating our stakeholders on key business milestones and further growth in this sector.
About Salzer Electronics Limited
- Salzer is a Leading player offering Total and Customized Electrical Solutions in Switchgears, Wires & Cables, and Energy Management business. It is the largest manufacturer of CAM Operated Rotary switches & Wire Ducts in India. The Company caters to a wide range of products with four in-house
manufacturing facilities, located in Coimbatore.
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The Company has a wide distribution network both in India and globally, exporting to many countries.
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The Company has a strong R&D team that focuses on developing and commercializing the technologies of the products, and as a result, can offer total customized electrical solutions to its customers.
For further information, please contact:
Mr. Murugesh Ms. Savli Mangle / Mr. Rupesh Rege Salzer Electronics Ltd. AdfactorsPR Pvt. Ltd. Email: [email protected] Email: [email protected] [email protected] www.salzergroup.net https://www.adfactorspr.com/
Caution Concerning Forward- Looking Statements:
This document includes certain forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.