Marvel Decor Secures ₹3.91 Crore Luxury Residential Project in Dubai; Shares Fall 4.10%

Mumbai, June 15: Marvel Decor has received an international purchase order worth ₹3.91 crore for a luxury residential development in Dubai, according to a regulatory filing submitted under SEBI (LODR) Regulations, 2015.

The company said the order involves the supply and installation of curtain tracks and motors for a high-end 32-storey branded residential tower located in Jumeirah Bay Island, Dubai.

According to the filing, the project includes ultra-luxury residences such as half-floor penthouses, full-floor penthouses and three-level sky villas.

Marvel Decor said the order is expected to strengthen its position in the premium global luxury residential segment while also expanding its international project portfolio.

The company added that the contract is scheduled to be executed within two months.

As per the disclosure, the customer details remain confidential. The company also clarified that the order does not fall under related-party transactions and that promoters have no interest in the awarding entity.

Stock Market Snapshot

Marvel Decor share price slipped despite the announcement of the international order win.

As of 11:41 AM IST on June 15, 2026, shares of Marvel Decor Ltd were trading at ₹66.65, down 4.10% from the previous close.

The decline suggested that investors remained cautious even as the company expanded its exposure to international luxury residential projects.

The Marvel Decor share price has seen volatility in recent sessions alongside broader movements in small-cap and export-oriented furnishing and décor stocks.

Company Background

Marvel Decor operates in the home décor and furnishing solutions segment, with a focus on curtain systems, motorised tracks and premium interior solutions.

The company caters to residential, hospitality and commercial projects across domestic and international markets.

Over the years, Marvel Decor has been expanding its presence in premium and automated interior furnishing products, particularly in luxury real estate developments.

International projects have become an increasingly important part of the company’s business strategy as demand for high-end smart furnishing solutions grows globally.

Conclusion

The ₹3.91 crore Dubai order adds another international luxury project to Marvel Decor’s portfolio and strengthens its presence in the premium residential segment.

While the stock traded lower during the session, the order reflects the company’s ongoing push into overseas markets and high-value luxury real estate projects.

Source:

• https://www.nseindia.com/get-quote/equity/MDL/Marvel-Decor-Limited
• https://nsearchives.nseindia.com/corporate/MDL_12062026104904_Announcement_Receipt_Order.pdf