AAA Technologies has secured a work order worth ₹28,99,400 from Punjab & Sind Bank to conduct Vulnerability Assessment and Penetration Testing (VAPT) Audit Assignments for FY 26-27. The order encompasses a comprehensive audit of the bank's IT infrastructure, including critical information systems, web applications, and cloud platforms.

The scope of work includes annual audits for non-critical information systems and half-yearly audits for critical systems located in the De-Militarized Zone (DMZ). Additionally, the contract covers web application security audits, configuration audits of operating systems and databases, and external penetration testing of public IPs. The bank reserves the right to vary the number of units audited by up to 10% without additional cost.

The audit assignments cover approximately 18 critical IT and security applications, 35 other risk-categorized applications, and 125 external and internal URLs, including mobile applications. The inventory also includes three data centers, 250 APIs, and 2,000 IPs across various categories such as server, OS, and virtual IPs. The total cost of ownership is finalized at ₹28,99,400, excluding taxes.

AAA Technologies is required to deliver all requirements stated in the scope of work and adhere to the timelines, payment conditions, and penalties outlined. The company must commence the audit project within five working days of receiving the Engagement Letter cum Purchase Order. The firm, a Cert-In empanelled auditor, had previously signed a contract with the bank under Bid No. GEM/2024/B/5579094 dated November 6, 2024.

The engagement mandates that AAA Technologies bear all expenses related to travel, lodging, and boarding for its audit team during visits to the bank's branches or vendor locations. The company must also acknowledge acceptance of the purchase order within four working days.

Scope of Audit Assignments

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.