Happy Square Outsourcing Services Limited has secured a work order worth Rs 62.64 lakhs from Power Grid Corporation of India Limited to provide facility management services. The contract, awarded in the ordinary course of business, is expected to generate revenue and strengthen the company's order book over its duration.

The work order was received on June 9, 2026, at 11:47 AM. It mandates the provision of Facility Management Services (FMS) to facilitate implementation at the client's premises or other designated locations, fulfilling statutory requirements. The agreement is subject to customary terms regarding scope, payment, performance obligations, and statutory compliances.

Contract Details

The services are to be provided up to June 30, 2028. The consideration aggregates to Rs 62.64 Lakhs, inclusive of applicable GST. The order was awarded by a domestic entity, and there are no interests held by promoters or group companies in the awarding entity, nor does it qualify as a related party transaction.

The disclosure was made to the National Stock Exchange of India Ltd pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Happy Square Outsourcing Services Limited reported a 12.49% year-on-year growth in total income to ₹10,988.36 lakh for the financial year ended March 31, 2026. The company posted a Profit After Tax (PAT) of ₹598.38 lakh for FY26, driven by strong demand for staffing solutions and expansion across geographies. The half-year ended March 31, 2026 (H2 FY26) saw total income rise 35.92% to ₹6,650.58 lakh, reflecting significant business momentum in the second half of the year.

The Board of Directors approved the audited standalone financial results on June 8, 2026. Mrs. Shraddha Rajpal, Promoter & Managing Director, attributed the performance to the resilience of the business model and growing adoption of its technology-driven recruitment platform. The company maintained an industry-leading turnaround time of approximately 60 hours for PAN-India recruitment delivery.

Key Financial Highlights

Operational Highlights

The company expanded its geographical footprint to over 20 states, supported by participation in the Government e-Marketplace (GeM). It served over 300 corporate clients during the year, reinforcing strong client retention. In Q4 FY26, the company secured 25 tenders with a total order inflow of ₹24.13 Crore. Additionally, it won 7 new tenders aggregating ₹12.09 Crore and secured 18 contract extensions worth ₹12.03 Crore.

Happy Square Outsourcing Services Limited operates under the brand White Force, offering services such as temporary staffing, permanent recruitment, and payroll processing. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.