NSEBagging/Receiving of orders/contracts1d ago · 17 Sept 2026, 03:50 pm

Bagging/Receiving of orders/contracts

Captain Polyplast Limited · CPL

✦ AI Summary▲ PositiveOrder Win

Captain Polyplast Limited has received an order from Maharashtra State Electricity Distribution Company Limited for 2,000 solar pumps under the PM KUSUM B scheme, valued at ₹47 Cr (inclusive of GST).

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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10

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Captain Polyplast Limited has informed the Exchange about Bagging/Receiving of orders/contracts

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CPL_17092026154953_CAPTAINPOLY1792026F.pdf

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Date: 17.09.2026 To, To, Department of Corporate Services The Manager Listing Department Listing Department BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers Dalal Street ‘Exchange plaza’, C – Block – G Mumbai—400001 Bandrakurla Complex, Bandra (East) Mumbai – 400051 BSE Script Code: - 536974 NSE Symbol: CPL Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) – Award of Order Dear Sir, Pursuant to Regulation 30 of the Listing Regulations, we wish to inform that the Company has received order from Maharashtra State Electricity Distribution Company Limited for 2000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (‘SPWPS’). The total value of 2000 SPWPS is Rs. 47 Crores approx (including GST). In this respect, information as required under the Listing Regulations and the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are provided under Annexure ‘A’. Further, please also find enclosed Press Release dated September 17,2026 in this behalf, being issued by the Company for dissemination to the public. You are requested to take the same on records. This is for your information and record. FOR CAPTAIN POLYPLAST LIMITED, R DK a emh vic e rah s ja h bd b hi h aa a i i DDOPcS3RLDF8 a o oh EI eiN aDg 2o e c xR a t:i .na a aeit s2 I tCa efA t:4 . oi P8l 5== L1 o2l nf.y D1 N 0I4 nc 9: N d. :2s 5U Fe6 I 7i, y62 eg 5 Mc a EO c o.= 0n d m 0B3 u d=e 4 83 91E r idP0c e .t t, s1o2d R h 8e b ie3P 7ref g=r y b7 c Vs o2 n1 a4d aKo s2 i e5un5e 6tn 3 rh :td a g01 5 sa 2 hi lbc 0 5i8l C3 ol o,3e o:h 1 4 3r noT87a c 4a 9:o=75dd ad + 2f 144e ti7 d, 0a i 154= to7 6 5C . h6e 2R 3c n7 'i 3b5 N .6e s 26a h0bd e0 =, m 'de62 70 Kd or6 ae e0f c0 hds 0 5 u9 iedh c, m5 5b hb cS83 ah e5c =8dna d6 3G iti 8b a3 D 9u0 2 Rej9e 3 a29 cav rfa0m6r 1a 1t3b, ej , 03 b s4ah h84a b67i 5h 4 8b a6a i ca D7a e76 v68 rb3 ab1 jfbc f hai RAMESHBHAI D. KHICHADIA (MANAGING DIRECTOR) DIN: 00087859 ANNEXURE A Disclosure under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 S.N. Particulars Details 1 Name of the entity awarding the Maharashtra State Electricity Distribution order(s)/contract(s) Company Limited 2 Whether order(s) / contract(s) have been domestic entity awarded by domestic/ international entity 3 Significant terms and conditions of Design, Manufacture, Supply, Transport, order(s)/contract(s) awarded, in brief Installation, Testing and Commissioning of 2000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (‘SPWPS’) of 3HP, 5 HP & 7.5 HP capacity at identified farmer’s site in Districts of Maharashtra, including complete system warranty and its repair and maintenance and Remote Monitoring System (‘RMS’) for 5 years under PM Kusum B Scheme “Magel Tyala Saur Krushi Pump” Yojana. 4 Time period if any, associated with the The Installation is be completed within 60 order(s)/contract(s) days from the date of issuance of NTP/ Work Order/ JSR approval. 5 road commercial consideration or size of Rs. 47 Crores approx. (including GST) the order(s)/contract(s) 6 Whether the promoter/ promoter group No / group companies have any interest in the entity that awarded the order(s)/ contract(s)? If yes, nature of interest and details thereof 7 Whether the order(s)/contract(s) would No fall within related party transactions? If yes, whether the same is done at “arm’s length” FOR CAPTAIN POLYPLAST LIMITED, R DK a emh vic e rah s ja h bd b hi h aa a i i DDOPaSaRLDFf oE4 ohi I e aN 8g Do cR1 txaf:i . en a it c 92 I s tCa A : e t5. eoi Pl=5= o2Ll 2 ey n. D1 0I cN n4 0 N :ds . :23 FU86 I i 7, y6g 1 5 Meac o EO .,=n d 8 m 0B duP=e 4 f3 9Ec r id 0co tP t .oa s2d R h 1s eb e 6 i r3t e 7= g ry ab 5 V7 s 2 n l a 1d4 8o 2K C ei5u5e n13n rh o :d t1 g s042 hia dbc 0 i 632 ol ol,3ee o:h 4, 1n87 rT = ca a C 8:75 od= a 3d +44 N 1fd t7 6i i054 1a o=t67 0 5.6e h 2R c nK7 0 'b i5 3s .e 6 0 2ha bd h0 e , 5 id 'm 62 e 7cd , o6 ra he ef S0 cd0 as 9d = uedh 5b 5 mG ib c a835h u e c 8d Rja n6 3a8bi at3 r 9D 2 0mae3 9te 2, e9 c fv s6 01r 3b 1ha , 0b3j b 4a h8h 4 a6a 7 i 5i 4 D 8b e6a vca r7a a76 j6b8 b3 hb1 afc if 3c a82 e RAMESHBHAI D. KHICHADIA (MANAGING DIRECTOR) DIN: 00087859 Captain Polyplast Limited Strengthens Solar EPC Order Book with ₹47 Cr Order for 2,000 Solar Pumps from MSEDCL Rajkot – 17th September, 2026: Captain Polyplast Limited (CPL, BSE: 536974), one of the leading manufacturers and exporters of micro irrigation solutions, with a diversified presence in the solar EPC market, is pleased to announce the receipt of an order for 2,000 solar pumps under the PM KUSUM B scheme from Maharashtra State Electricity Distribution Company Limited (MSEDCL), with an order value of ₹47 Cr (inclusive of GST). The MSEDCL order strengthens Captain Polyplast Limited’s position in the solar EPC segment, enhances order book visibility, and supports the Company’s growth in solar pumping solutions under the PM-KUSUM scheme. Order at a Glance:  Awarded by: Maharashtra State Electricity Distribution Company Limited (MSEDCL)  Scope of work: Design, Manufacture, Supply, Installation, Testing and Commissioning of 2,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems under PM Kusum B Scheme  Nature of order: Domestic  Order value: ₹47 Cr (inclusive of GST) Business Significance: This order from MSEDCL further strengthens Captain Polyplast Limited’s presence in the government-driven solar EPC segment, with repeat and scaled-up orders validating its execution capabilities and solar pumping solutions. With 2,000 pumps to be installed across identified farmer sites in Maharashtra, the order supports the Government’s focus on sustainable irrigation while meaningfully strengthening CPL’s solar EPC order book and near-term revenue visibility. Favourable PM-KUSUM policy tailwinds and a growing pipeline of government tenders provide further scope for the Company to scale its presence in the segment. Commenting on the order win Mr. Ritesh Khichadia, a Whole Time Director of Captain Polyplast Limited said, “We are delighted to receive this order from MSEDCL for 2,000 solar pumps worth ₹47 Cr - our largest single solar EPC order to date. This order reflects the growing confidence that MSEDCL and the broader government ecosystem continue to place in our solar EPC execution capabilities. Having successfully executed previous orders from MSEDCL, we are well-equipped to scale up and deliver this order within the stipulated timelines. Solar water pumping is a high-priority segment under the PM-KUSUM scheme, and we have been steadily building our capabilities to capture opportunities of this scale. We remain committed to delivering quality solutions on time and creating sustainable value for all our stakeholders. With a strong distribution network, favourable policy tailwinds, and a rapidly expanding solar EPC order book, we are well-positioned to accelerate our growth trajectory in the years ahead.” About Captain Polyplast Limited Captain Polyplast Limited is one of the leading players in the micro-irrigation industry, specializing in the manufacturing and export of equipment for a diverse range of agricultural applications. Established in 1997, the Company leverages over 25 years of expertise and operates manufacturing facilities in Rajkot (Gujarat) and Kurnool (Andhra Pradesh). It has built a strong distribution network spanning 16 states across India and exports to markets in Africa, Latin America, and the Middle East. In recent years, CPL has diversified into the fast-growing solar EPC segment, focusing on solar water pumping systems and rooftop solar solutions, supported by strong government initiatives such as the PM-KUSUM scheme. The Company has also partnered with Indian Oil Corporation Limited (IOCL) for polymer product marketing in Gujarat, further strengthening its business portfolio. The Ahmedabad plant, which has now commenced operations, spans ~70,000 sq. ft. [Showing first 8,000 characters — download PDF for full document]