Kotyark Industries Limited — Important, 13-03-2025: Updates

Kotyark Industries Limited has communicated the cancellation of an OMC tender due to administrative reasons, which is anticipated to impact its projected revenue for the fiscal year. Despite the tender allocation, a Purchase Order for the supply of biodiesel has not been issued, affecting potential income streams. In response to this development, the OMC has released a new tender for biodiesel supply covering April to July 2025, with bidding closing on March 20, 2025. The company plans to actively participate in this new opportunity, aiming to mitigate the revenue impacts from the cancelled tender. Investors should monitor this situation closely as it presents both risks and potential for recovery depending on the outcomes of the new tender.