AAA Technologies Ltd has secured a work order worth Rs 11.23 lakh from National Informatics Centre Services Incorporated (NICSI) to conduct a cyber security audit for the Employees' Provident Fund Organisation (EPFO). The assignment, valued at Rs 11,23,360, involves providing Application Security Audit and Compliance Services. The project is scheduled to commence on July 6, 2026, and conclude on September 11, 2026, spanning a duration of 68 days. The disclosure was made to the stock exchanges on July 7, 2026, under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The work order, numbered O2600600, specifies a rate of Rs 14,000 per day for the Comprehensive Security Assessment (CSA). The total contract amount includes an integrated tax of 18% (IGST). The scope of work requires the company to perform a security audit at the EPFO Complex in Dwarka, New Delhi. The empanelment reference for this order is 10(21)/2022-AAA, which remains valid until September 24, 2027.

Financial Terms and Conditions

The company is required to furnish a Performance Bank Guarantee (PBG) equivalent to 3% of the work order value before signing the contract. The PBG must remain valid for 60 days beyond the completion of all contractual obligations. Payments will be released quarterly based on the pro rata amount of work done, subject to the deduction of Tax Deducted at Source (TDS) and any applicable penalties. NICSI aims to process payments within 30 days of bill submission.

Service Level Agreement

The Service Level Agreement (SLA) and penalty clauses outlined in the original tender document, referenced as NICSI/Application Security Audit/2023/05, are applicable to this order. The agency must adhere to the timelines defined in the work order. Any delay in the submission of the PBG will attract a penalty of 0.1% of the purchase order value per day, capped at a maximum of 10% of the PO value.

AAA Technologies has appointed Mr. Ashok Kumar Chordia and Mr. Santosh Kumar Pandey to its Board of Directors, effective June 19, 2026. The appointments, approved by the Board based on the recommendation of the Nomination and Remuneration Committee, are subject to the approval of the Members of the Company.

Mr. Ashok Kumar Chordia has been appointed as an Additional Director in the category of Non-Executive Director. A Chartered Accountant with experience in corporate finance, he is associated with Mentor Capital Services Private Limited. The company confirmed he has not been debarred from holding the office of Director by any SEBI order or other authority.

Mr. Santosh Kumar Pandey has been appointed as an Additional Director and Whole-time Director, designated as Executive Director, for a term of five years ending June 18, 2031. He brings over 26 years of experience in corporate management and technology innovation, having founded a GPS and IoT solutions firm. He holds no shares in the company.

Details of Appointments

The appointments comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant circulars regarding disclosure.