Sealmatic India Limited (further referred as 'Sealmatic'), listed on the Bombay Stock Exchange (BSE: BOM: 543782) reported that it has achieved a significant milestone, with its recent approval by the Directorate General for Quality Assurance (DGQA).
The Directorate General of Quality Assurance (DGQA) comes under the Department of Defence Production. This organisation is more than hundred years old and provides Quality Assurance (QA) which cover for the entire range of Arms, Ammunitions, Equipment and Stores supplied to Armed Forces. It also ensures Documentation, Codification and Standardisation action for minimizing the variety of components / equipment.
Defence applications often operates in harsh and unpredictable environments, where reliability is not just a desirable trait but an absolute necessity. DGQA approval implies that the products have been subjected to extensive testing, including simulations of extreme conditions. For defence businesses, this approval is a crucial assurance that the supplied products can perform impeccably even in the most challenging circumstances. It serves as a gateway, opening doors to a broader spectrum of opportunities within the defence sector.
In the dynamic and critical landscape of the Defence sector, every component and technology employed must meet rigorous standards of quality, reliability and performance, hence the DGQA approval is a strategic imperative for Sealmatic, which will open doors to collaborations, contracts and partnerships with the defence establishments. says; Umar AK Balwa - Managing Director (Sealmatic).
The approval of DGQA for Sealmatic is a stamp of validation, signifying that its manufacturing processes have successfully passed stringent tests and evaluations, with detailed documentation. The procedure involves rigorous testing and evaluation of Sealmatic processes to ensure that they meet the demanding requirements of the defence sector. From material quality to performance under extreme conditions, every aspect is scrutinized.
This approval therefore, attests Sealmatic's ability to provide solutions that can withstand the challenges faced by defence operations.
Shares of Sealmatic India Limited was last trading in BSE at Rs. 636.75 as compared to the previous close of Rs. 563.55. The total number of shares traded during the day was 111600 in over 352 trades.
The stock hit an intraday high of Rs. 647.00 and intraday low of 585.00. The net turnover during the day was Rs. 68937795.00.