Happy Square Outsourcing Services Limited secured a contract extension from Power Grid Corporation of India Limited for manpower supply services valued at ₹0.0484 crore on June 01, 2026. This extension, awarded under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reinforces the company's ongoing engagement with the domestic entity for a three-month period.

The original tenders for these services were initially awarded to the company in April 2023. The latest extension involves the supply of manpower services at the client's location as per the specific work order received. The transaction falls within the ordinary course of business and does not constitute a related party transaction, with no interest declared by the promoter or group companies in the awarding entity.

Poonam Rajpal, Whole Time Director, confirmed the development in a regulatory filing. The contract extension is valued at approximately ₹0.0484 crore and is scheduled for execution over the next three months.

Contract Details

Happy Square Outsourcing Services Limited will miss the regulatory deadline to submit its audited financial results for the financial year ended March 31, 2026. The company cited pending audit procedures and financial statement finalization activities as the reasons for the delay, which impacts both standalone and consolidated results.

The statutory audit for FY26 is currently in progress. The company stated that specific audit procedures and reconciliations are yet to be completed, necessitating additional time to finalize the financial statements. Upon completion, the audited results will be presented to the Audit Committee and the Board of Directors for approval before submission to the exchange.

This disclosure was made pursuant to Regulation 30 read with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that it remains compliant with all other applicable provisions of the SEBI LODR Regulations.

Happy Square Outsourcing Services Limited expressed regret over the delay and affirmed its commitment to maintaining corporate governance standards. The company is taking necessary steps to expedite the process and ensure the results are filed without further delay once the audit concludes.