NewsHRH Next Services Limited Enters One-Year Call Center Services Agreement with Heritage Finlease LimitedHRH Next Services Limited Enters One-Year Call Center Services Agreement with Heritage Finlease Limited
HRH Next Services Limited disclosed on May 7, 2026, the signing of a one-year Call Center Services Agreement with Heritage Finlease Limited under Regulation 30 of SEBI LODR Regulations, 2015. The agreement covers outbound validation services including welcome calls, tele-verification calls, EMI reminder calls, and collection calls. Either party may terminate the agreement for convenience with one month's prior written notice. The transaction is not classified as a related party transaction, and HRH Next Services holds no shareholding in Heritage Finlease Limited.
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HRH Next Services Limited has entered into a Call Center Services Agreement with Heritage Finlease Limited for a period of one year, the company disclosed on May 7, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was also made in accordance with SEBI Circular No. SEBI/HO/CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosure was signed by Managing Director Ankit Sanjay Shah (DIN: 00218044).
Agreement Details
The agreement outlines the scope of call center services that HRH Next Services will deliver to Heritage Finlease Limited. The key terms and disclosures as submitted to the National Stock Exchange of India Limited are detailed below:
| Parameter: | Details |
|---|---|
| Party to the Agreement: | Heritage Finlease Limited |
| Nature of Services: | Call Center services — outbound validation including welcome calls, tele-verification calls, EMI reminder calls, and collection calls |
| Duration: | One (1) year |
| Shareholding in Counterparty: | NIL |
| Related Party Transaction: | NA |
| Share Issuance to Parties: | NA |
Termination Clause
The agreement incorporates a mutual termination provision. Either party reserves the discretion to terminate the agreement for convenience and without any obligation to assign reasons, subject to issuing a prior written notice of one month to the other party.
Regulatory Compliance
HRH Next Services confirmed that Heritage Finlease Limited is not related to the promoter, promoter group, or group companies of the listed entity. The transaction does not fall within the purview of related party transactions. No shares are being issued to any party as part of this agreement, and no nominee appointments to the board or potential conflicts of interest have been identified in connection with this arrangement. The company has stated that any future rescission, amendment, or alteration to the agreement will be disclosed to the stock exchanges with requisite details as required under applicable SEBI regulations.
Historical Stock Returns for HRH Next Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.39% | -4.30% | +6.04% | -17.05% | -46.98% | -32.75% |
Could this agreement with Heritage Finlease Limited serve as a gateway for HRH Next Services to expand its footprint in the NBFC and financial services sector, potentially attracting more fintech or lending clients?
Given the one-year duration and mutual termination clause, what metrics or performance benchmarks might determine whether Heritage Finlease Limited renews or extends the agreement beyond its initial term?
How might the growing demand for EMI reminder and collection call services in India's expanding retail lending market impact HRH Next Services' revenue trajectory and client acquisition strategy?
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