Globesecure Technologies wins Rs 1.53 crore order from MCX
Globesecure Technologies Limited has secured a purchase order worth Rs 1.53 crore from Multi Commodity Exchange of India Ltd for IT products and support. The contract spans a duration of 5 years and excludes taxes. The order is scheduled for execution within one month.
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Globesecure Technologies Limited has secured a purchase order worth Rs 1.53 crore from Multi Commodity Exchange of India Ltd for IT products and support. The contract, which spans a duration of 5 years, excludes taxes and is scheduled for execution within one month. This development was disclosed to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order pertains to a domestic entity and does not involve any interest from the promoter, promoter group, or group companies. Furthermore, the transaction does not fall under related party transactions. The disclosure was made in compliance with SEBI/HO/CFD/CFD-PoD-1/P-CIR//2023/123 dated July 13, 2023.
Key Order Details
| Particulars | Details |
|---|---|
| Name of Entity | Multi Commodity Exchange of India Ltd |
| Nature of Contract | Purchase Order for IT product and support for 5 years |
| Size of Order | Rs 1,53,00,000 (excluding tax) |
| Execution Time Period | Within 1 month |
| Promoter Interest | No |
| Related Party Transaction | No |
Historical Stock Returns for Globesecure Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.88% | +10.90% | -23.06% | +108.50% | +59.77% | -43.80% |
How will this 5-year contract impact Globesecure Technologies' recurring revenue stream and financial stability?
What specific IT products and support services will be provided to Multi Commodity Exchange of India Ltd under this agreement?
Could this order pave the way for similar long-term contracts with other exchanges or financial institutions?
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