NewsHappy Square Outsourcing Services Receives ₹1.1573 Crore Contract Extension from NABARD for Manpower Supply ServicesHappy Square Outsourcing Services Receives ₹1.1573 Crore Contract Extension from NABARD for Manpower Supply Services
Happy Square Outsourcing Services Limited has received a contract extension from NABARD for manpower supply services, valued at approximately ₹1.1573 Crore, awarded on May 13, 2026. The contract is to be executed over 12 months and falls within the ordinary course of business. The original tenders were first awarded to the company in April 2024. The transaction involves no related party interest or promoter group involvement.
*this image is generated using AI for illustrative purposes only.
Happy Square Outsourcing Services Limited has secured a contract extension for manpower supply services from the National Bank for Agriculture and Rural Development (NABARD), under the Department of Financial Services. The extension, valued at approximately ₹1.1573 Crore, was awarded on May 13, 2026, and is to be executed over a period of 12 months. The original tenders were first awarded to the company in April 2024.
The company disclosed this development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in a filing dated May 14, 2026, signed by Whole Time Director Poonam Rajpal.
Contract Details
The following table outlines the key parameters of the contract extension as disclosed by the company:
| Parameter: | Details |
|---|---|
| Awarding Entity: | National Bank for Agriculture and Rural Development (NABARD), Department of Financial Services |
| Nature of Business: | Ordinary Course of Business |
| Domestic/International: | Domestic |
| Scope of Work: | Supply of Manpower Services at the client place as per the work order received |
| Execution Period: | 12 Months |
| Order Value: | ₹1.1573 Crore |
| Date & Time of Award: | May 13, 2026 at 12:30 PM |
| Related Party Transaction: | No |
| Promoter/Group Interest: | No |
Key Highlights
- The contract is classified as an ordinary course of business transaction.
- The awarding entity, NABARD, is a domestic institution under the Department of Financial Services.
- There is no promoter, promoter group, or group company interest in the awarding entity.
- The transaction does not fall within related party transactions.
- The original work orders were first awarded to the company in April 2024, making this a renewal of an existing engagement.
Happy Square Outsourcing Services Limited, which operates under the premium brand White Force, is registered in Jabalpur, Madhya Pradesh. The company was formerly known as Happy Square Outsourcing Services Private Limited.
Historical Stock Returns for Happy Square Outsourcing Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.98% | -6.10% | +39.47% | -30.36% | -41.00% | -41.00% |
Could Happy Square Outsourcing Services leverage this NABARD renewal to secure similar manpower supply contracts with other government-owned financial institutions or PSU banks?
How might the company's revenue trajectory and order book evolve if it successfully expands its public sector client base beyond NABARD over the next 12–24 months?
What competitive risks could emerge at the end of this 12-month extension period, and how well-positioned is Happy Square to retain the contract against larger staffing firms?
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