Happy Square Outsourcing Services has secured a new work order worth Rs 91.41 Lakhs from Mishra Dhatu Nigam Limited (MIDHANI). The contract, awarded on July 10, 2026, is expected to generate revenue of approximately Rs 91.41 Lakhs over its duration and strengthen the company's order book. The order falls within the ordinary course of business and was awarded by a domestic entity.

The services under this agreement are to be provided up to March 31, 2028. The contractor is required to comply with all applicable labour laws, including the timely payment of wages and statutory dues such as PF and ESI. Payments from the buyer will be made against duly verified invoices and supporting documents following satisfactory service delivery, with no advance payment payable.

Overtime, if approved by the buyer, will be compensated as per the contract terms. Additionally, any statutory revision in minimum wages during the contract period will be reimbursed by the buyer without altering the agreed service charges. All payments are subject to verification, applicable deductions, and compliance with contractual and statutory requirements.

The disclosure was made to the National Stock Exchange of India under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that neither the promoter group nor group companies hold any interest in MIDHANI, and the transaction does not qualify as a related party transaction.

Order Details

Happy Square Outsourcing Services has secured a work order valued at Rs 21.0044 crore from the Rajasthan State Road Development & Construction Corporation Limited. The contract involves user fee collection and management services for a toll plaza project in Rajasthan, extending up to June 30, 2027.

Order Details

The agreement pertains to the toll plaza project located at Lordiya, Palli, Kiramsariya, and Rampura for the “Jodhpur–Osian–Phalodi” BOT Road. Happy Square Outsourcing Services will act as the User Fee Collection Agency, responsible for collecting toll and user fees at these designated locations.

The following table summarises the key parameters of the awarded contract:

Significance of the Contract

The work order is expected to generate revenue of approximately Rs 21.0044 crore over the contract period, strengthening the company's order book. The engagement falls within the ordinary course of business and was awarded by a domestic entity, with no related party interests involved.