Ceinsys tech has announced the receipt of an acceptance letter from Maharashtra Housing and Area Development Authority (MHADA) for a major technology project contract. The company informed stock exchanges on March 31, 2026, about this significant business development through a regulatory filing.

Contract Details and Scope

The contract involves the appointment of Ceinsys Tech Limited as the agency for design, development and maintenance of comprehensive digital solutions for MHADA. The project encompasses multiple technology components aimed at modernizing MHADA's operational infrastructure.

Project Components and Timeline

The contract covers the development of sophisticated digital platforms designed to enhance MHADA's project management capabilities. The scope includes:

• Integrated Project Management System development
• 3D Urban Spatial Digital Model creation
• Web Based GIS Platform implementation
• Comprehensive maintenance and support services

The project execution is structured in two distinct phases with specific timelines:

Regulatory Compliance and Disclosures

The company has confirmed that this contract does not involve any related party transactions, with MHADA being an independent domestic entity. The promoter group has no interest in the awarding authority, ensuring transparency in the business relationship.

Ceinsys Tech Limited filed the disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating compliance with regulatory requirements for material contract announcements.

Strategic Significance

This substantial contract award reinforces Ceinsys Tech Limited's position in the government technology solutions sector. The project involves advanced technologies including 3D modeling and GIS platforms, showcasing the company's technical capabilities in digital infrastructure development for public sector entities.

Ceinsys Tech Limited has secured a service contract worth ₹3,24,50,000 (₹3.24 crores) including GST from the Indian Space Research Organisation (ISRO) for a 3-year product design and manufacturing subscription renewal. The company announced this development through a regulatory filing under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Contract Specifications

The service order represents a subscription renewal for Product Design & Manufacturing Collection Commercial Multi-user services, spanning a three-year period. The contract demonstrates CEINSYS Tech's continued partnership with India's premier space research organization.

Regulatory Compliance

The company has confirmed that this contract does not involve any related party transactions, as ISRO is not a related entity. The promoter group has no interest in the awarding entity, ensuring transparency in the business relationship. The order execution will span the entire three-year subscription period.

Business Impact

The contract renewal highlights the ongoing relationship between CEINSYS Tech and ISRO, indicating satisfaction with the company's previous service delivery. The three-year duration provides revenue visibility and strengthens the company's position in the aerospace and defense sector. This domestic contract reinforces the company's capabilities in serving critical government organizations in the space technology domain.