K V Toys India Ltd receives order worth Rs. 48.04 lakhs

K V Toys India Limited ("Company") has been awarded an order of Electric mini rechargeable toy fan worth Rs. 48.04 Lacs (Approx) exclusive of Taxes.

The company has, after Internal assessment, temporarily withheld the name of the customer in this filing on the grounds of strategic and competitive sensitivity and to protect commercial interests and roll out strategy. The Company confirms that withholding the name is necessary to avoid prejudice to its commercial objectives.

The Company had earlier disclosed its strategic expansion into the consumer toys and utility products segment, which is aligned with its long-term growth plans and leverages its existing strengths in product development, sourcing capabilities, distribution network, and brand building. This initiative was undertaken to broaden the Company's product portfolio and diversify revenue streams.

Further to the successful completion of the pilot phase in this segment, the Company has now received an order for Electric Mini Rechargeable Toy Fans. The order reflects market acceptance of the product and marks an important progression in the Company's ongoing business operations within the said segment.

Shares of K V Toys India Limited was last trading in BSE at Rs. 336.40 as compared to the previous close of Rs. 314.95. The total number of shares traded during the day was 142200 in over 187 trades.

The stock hit an intraday high of Rs. 338.95 and intraday low of 275.00. The net turnover during the day was Rs. 46572990.00.

Source : Equity Bulls

Keywords

KVToysIndia INE1IE301018 LeisureProducts OrderWin ElectricMiniRechargeableToyFan