With refence to its communication on the matter. In this connection, Hindustan Aeronautics has informed that, as per the ‘Policy on determination of Materiality of disclosures’ of the Company framed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company shall require to all awarding, bagging/receiving, amendment or termination of awarded/ bagged orders/ contracts not in the normal course of the business. In the present case, since HAL has signed $716 million deal with GE Aviation for procurement of 99 Engines for manufacturing 83 LCA Tejas for IAF, in the ordinary course of business, the same need not be intimated to the Stock Exchange under the said Regulations. It may be noted that, HAL has already intimated signing of contract for 83 LCA Tejas, to the Stock Exchange on 3rd February, 2021.
The above information is a part of company’s filings submitted to BSE.
