Innovision Limited Receives Work Order from Chhattisgarh State Marketing Corporation for Manpower Services

2 min read     Updated on 22 Apr 2026, 08:23 AM
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Innovision Limited has secured a work order from Chhattisgarh State Marketing Corporation Limited for providing manpower hiring services involving 451 personnel at 3.85% service charge. The order, granted on March 30, 2026, is valid until completion of services or contractual duration. Prime Work Force Private Limited has filed a petition in the Hon'ble High Court of Chhattisgarh challenging this work order, though Innovision stated no material financial impact is expected from the litigation.

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Innovision Limited has informed the stock exchanges that it has received a work order from Chhattisgarh State Marketing Corporation Limited for providing manpower hiring services. The intimation was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026. The order was granted on March 30, 2026, and involves the supply of manpower to the buyer's premises or any other premises approved by the buyer.

Key Contract Details

The work order awarded to Innovision Limited encompasses several significant terms and conditions. The contract has been classified as a domestic transaction, with the services to be provided within India. The nature of the order is specifically for manpower hiring services, with the work order remaining valid until the completion of the scope of services or the end of the contractual duration, whichever occurs earlier, unless mutually extended by both parties.

Particulars Details
Entity awarding order Chhattisgarh State Marketing Corporation Limited
Nature of order Manpower Hiring Service
Type Domestic
Contract duration Valid till completion of scope of services or end of contractual duration (whichever is earlier) unless mutually extended
Size of order Supply of 451 Number of Manpower @3.85% of Service Charge
Promoter interest No
Related party transaction No

Litigation Disclosure

Pursuant to regulatory requirements, Innovision Limited disclosed the pendency of litigation related to this work order. Prime Work Force Private Limited has filed a petition in the Hon'ble High Court of Chhattisgarh at Bilaspur challenging the work order dated March 30, 2026. The petition specifically challenges the order issued by Chhattisgarh State Marketing Corporation Limited to Innovision Limited for the supply of manpower to Zone-6.

Based on the company's assessment, prevailing laws, and advice from legal counsel, Innovision stated that the outcome of such litigation is not reasonably expected to have any material financial impact on the company. There are no adverse financial implications expected due to compensation, penalty, or any other claims arising from this dispute.

Company Information

Innovision Limited is registered with multiple certifications including ISO 9001:2008, ISO/IEC 27001:2005, ISO 14001:2015, and OHSAS 18001:2007. The company's corporate office is located at Plot No 251, 1st Floor, Udyog Vihar, Phase 4, Gurugram-122015, Haryana, while its registered office is situated at 1/209, First Floor Sadar Bazar, Delhi Cantt, Delhi-110010. The disclosure was signed by Jyoti Sachdeva, Company Secretary & Compliance Officer of Innovision Limited.

How might the ongoing litigation from Prime Work Force Private Limited affect Innovision's ability to secure future government contracts in Chhattisgarh?

What impact could this manpower services contract have on Innovision's revenue growth, given the 3.85% service charge structure for 451 personnel?

Will Innovision consider expanding its manpower hiring services to other state marketing corporations across India following this contract?

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Innovision Limited Files Quarterly Compliance Certificate for Q4 FY26

1 min read     Updated on 15 Apr 2026, 01:23 PM
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Innovision Limited submitted its Q4 FY26 compliance certificate under SEBI Regulation 74(5) to BSE and NSE on April 15, 2026. The certificate, issued by registrar KFin Technologies Limited, confirmed no dematerialization or rematerialization requests during the quarter ended March 31, 2026, demonstrating the company's regulatory compliance.

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Innovision Limited has completed its quarterly regulatory filing by submitting the mandatory compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to both BSE Limited and National Stock Exchange of India Limited on April 15, 2026.

Regulatory Compliance Details

The certificate was issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, which mandates listed companies to report details of securities dematerialized during each quarter. Ms. Jyoti Sachdeva, Company Secretary and Compliance Officer, signed the submission on behalf of Innovision Limited.

Parameter: Details
Reporting Quarter: Q4 FY26 (ended March 31, 2026)
Certificate Date: April 06, 2026
Submission Date: April 15, 2026
Registrar: KFin Technologies Limited
Signatory: Dnyanesh Gharote, Vice President

Share Transfer Activity

KFin Technologies Limited, serving as the company's Registrar and Share Transfer Agent, certified that all required details have been furnished to the stock exchanges where Innovision's shares are listed. The certificate specifically confirms that during Q4 FY26, there were no requests for dematerialization or rematerialization of shares.

Compliance Framework

The submission fulfills Innovision's obligations under SEBI's regulatory framework for depositories and participants. The certificate was also copied to National Securities Depository Limited and Central Depository Services (India) Limited, ensuring comprehensive regulatory compliance across all relevant depositories.

This routine compliance filing reflects Innovision's commitment to maintaining transparency and adhering to regulatory requirements as a publicly listed company on both BSE and NSE.

What factors might explain the absence of dematerialization requests during Q4 FY26, and could this indicate changes in investor sentiment toward Innovision?

How might Innovision's share liquidity and trading volumes be affected if the trend of zero dematerialization requests continues in future quarters?

Will Innovision consider implementing new investor engagement initiatives to encourage greater participation in electronic trading given the lack of dematerialization activity?

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