BSEGeneral9h ago · 27 Oct 2026, 05:26 pm
Announcement under Regulation 30 for new business award of HVAC Units
Subros Ltd · 517168
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Subros Ltd has received a new business award for supply of HVAC Assembly from Maruti Suzuki India Limited (MSIL) worth Rs. 1225 Crores over seven years, enhancing the company's presence and business growth in the western region.
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Subros Ltd - 517168 - Announcement under Regulation 30 (LODR) - Bagging/receiving of order(s) or contract(s)
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SL/BSE/NSE/2026-27 October 27, 2026
The Manager, Dy. General Manager,
Listing Department, Department of Corporate Services,
National Stock Exchange of India Ltd., BSE LIMITED,
‘Exchange Plaza’ C-1, Block G, First Floor, P.J. Towers,
Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort,
Mumbai-400 051. Mumbai – 400001.
Security ID: SUBROS Security ID: 517168
Dear Sir/Madam,
Sub: Press Release –New business Award of HVAC Units
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, we wish to inform as below:
New Delhi, October 27, 2026: The Company has received confirmation of a new business award
for supply of HVAC Assembly from Maruti Suzuki India Limited (MSIL). The approximate value of
the business award is Rs. 1225 Crores (value spread over the total life cycle of model for about
seven years).
This Business award will enhance the Company’s presence and Business growth in western region.
It further strengthens Subros long-standing relationship with MSIL and reinforces our position as a
leading automotive thermal systems manufacturer in India.
Company Brief
Subros Limited founded in 1985 as a joint venture with Suri family of India, DENSO Corporation & Suzuki Motor
Corporation, Japan; is the leading manufacturer of thermal products for automotive applications in India, in
technical collaboration with DENSO Corporation, Japan. The Company is the only integrated manufacturing unit
in India for Auto Air Conditioning systems and Thermal Products. Subros Limited manufactures compressors,
condensers, heat exchangers and all connecting elements required to complete AC loop and caters to all
segments viz. Passenger Vehicles, Buses, Trucks, Refrigeration Transport and Railways.
This is for your information and record please
Thanking you,
Yours faithfully,
For SUBROS LIMITED
Kamal Samtani
Company Secretary
SUBROS LIMITED
Corporate & Registered Office: LGF, World Trade Centre, Barakhamba Lane, New Delhi 110001 (India). Tel: 23414946-49 I
Website: www.subros.com I CIN:L74899DL1985PLC020134
Annexure- A
Details required under Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated
January 30, 2026.
Name of the entity awarding the
i. Maruti Suzuki India Limited (MSIL)
order(s)/contract(s);
Significant terms and conditions of In terms of existing Basic Purchase
order(s)/contract(s) awarded in brief; Agreement with MSIL
Whether order(s) / contract(s) have
iii. been awarded by domestic/ For the Domestic entity
international entity;
iv. Nature of order(s) / contract(s); Supply of the YM3 & YU0 HVAC Assembly
v. Whether domestic or international; Domestic
Seven years (approx.) commencing from
Time period by which the
vi. respective start of production as per
o rder(s)/contract(s) is to be executed;
customer milestone
Broad consideration or size of the
vii. Rs. 1225 Crores (approx.)
order(s)/contract(s);
Whether the promoter/ promoter
group / group companies have any
viii. interest in the entity that awarded the No
order(s)/contract(s)? If yes, nature of
interest and details thereof;
Whether the order(s)/contract(s)
would fall within related party
ix. Yes, at arm’s length
transactions? If yes, whether the same
is done at “arm’s length”.
SUBROS LIMITED
Corporate & Registered Office: LGF, World Trade Centre, Barakhamba Lane, New Delhi 110001 (India). Tel: 23414946-49 I
Website: www.subros.com I CIN:L74899DL1985PLC020134