CWD rockets past Rs 25 crore revenue mark with 'sound boxes' landmark order

About the Order

CWD Ltd, a prominent player in the electronics industry, has hit a remarkable high note with the news of a substantial order for their innovative “Sound Boxes” product. This monumental deal not only propels the company’s revenue beyond the Rs 25 crore mark but also serves as a powerful testament to CWD’s design and development prowess and its strategic position in the dynamic fintech landscape.

The “Sound Boxes,” lauded for their cutting-edge technology and user-centric features, are designed to revolutionise the fintech landscape. This recent order signifies the growing demand for this groundbreaking solution and solidifies CWD’s position as a key player in the industry.

“We are thrilled to receive this substantial order for our ‘Sound Boxes’ product,” expressed Tejas Kothari, CEO of CWD LIMITED. “It not only validates the efforts put into developing an innovative fintech solution but also underscores the confidence our clients have in the quality of our products and services.”

This achievement marks a pivotal moment in CWD LIMITED’s journey, paving the way for further expansion and success in the ever-evolving fintech sector. Their unwavering commitment to delivering excellence and staying ahead of the technological curve has been instrumental in attracting such significant orders.

As CWD LIMITED celebrates this milestone, they remain dedicated to providing top-notch solutions that meet the evolving needs of their clients. With a continued focus on innovation and growth, they are poised to deliver even greater value to their esteemed clientele in the years to come.

Share Price Movement

At closing, the shares of CWD were at Rs 960, down by 29.20 points or 2.95% compared to the previous day’s closing of Rs 989.20. The share opened at Rs 997.95 and reached an intraday high of Rs 997.95 and a low of Rs 960, respectively. It has a 52-week high of Rs 1850 and a 52-week low of Rs 532, respectively.

About company

The company, CWD Innovation Private Limited, was incorporated in 2016 under the Companies Act, 2013 and changed its status to public limited in January 2021. The name was changed to CWD Limited through a special resolution passed by shareholders in July 2021. The company operates mainly in consumer electronics and technology solutions for enterprises and businesses. Its product portfolio includes Smart Medical Consumer Electronics, Vaccine Tracking and Delivery products, Farm Cattle tracking devices, and Smart Power Meter conversion electronics.

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