Jaykay Enterprises Limited has released a revised disclosure under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015. This follows an earlier announcement dated August 8, 2025, regarding significant Letters of Intent (LoIs) received by its step-down subsidiary, Allen Reinforced Plastics Limited, from 2 leading defence sector companies: BrahMos Aerospace Private Limited and Bharat Dynamics Limited.
Allen Reinforced Plastics Limited has secured an LOI from BrahMos Aerospace valued at approximately ₹94.45 crore, inclusive of GST, for the manufacture of composite parts. In addition, Bharat Dynamics Limited has issued an LOI worth around ₹15.90 crore, inclusive of GST, for the production of composite air frames and launcher tubes.
Both contracts are domestic in nature and will be executed in accordance with the technical requirements provided by the respective companies once converted into definitive agreements.
The 2 LOIs represent a major boost to Allen’s order book, with the potential to strengthen its market position in the defence manufacturing segment. These deals are expected to enhance Allen’s revenue prospects while expanding its relationships with key defence industry players.
The company confirmed that there is no promoter or related party interest in these transactions, ensuring the deals are conducted at arm’s length.
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As of August 12, 2025, at 11:05 AM, Jaykay Enterprises share price is trading at ₹154.75 per share, reflecting a surge of 1.81%.
The acquisition of LOIs worth over ₹110 crore marks a strategic milestone for Allen Reinforced Plastics Limited. Upon execution, these contracts will not only drive revenue growth but also reaffirm Allen’s capabilities in delivering critical components for the defence sector.
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Published on: Aug 12, 2025, 3:34 PM IST
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