ITCONS E-Solutions Ltd has announced the constitution of its Advisory Committee, effective March 27, 2026, bringing together three distinguished professionals to guide the company's strategic direction and operational excellence.

Advisory Committee Composition

The newly formed committee comprises experienced professionals from diverse industry backgrounds, each appointed for a one-year term:

Leadership Profiles

Alok Aggarwal - Chairman

Alok Aggarwal brings over two decades of experience in housing finance and retail lending in India. Currently serving as CEO of Muthoot Homefin, he has demonstrated expertise in transforming and scaling businesses, reviving underperforming institutions, and building high-growth platforms with robust governance and risk management. His previous leadership roles include MD & CEO of National Trust Housing Finance and senior positions at Equitas Small Finance Bank and Tata Capital, where he contributed to national expansion and strategic growth initiatives.

Deepak Kumar Srivastava - Member

Mr. Srivastava is a legal professional with over four decades of experience in the legal field, including 31 years of distinguished judicial service in the Uttar Pradesh Judiciary. During his tenure as a District Judge, he presided over civil, criminal, constitutional, and administrative matters. Post-retirement, he has been actively engaged as an Arbitrator, Mediator, Legal Advisor, and Consultant. He is Co-Founder of Deepak & Kranti Legal Associates LLP and serves as a panel arbitrator with reputed institutions including C.I.A.C., SCOPE, BHEL, and the High Court of Allahabad.

Sanjay Kumar Verma - Member

Mr. Verma is a senior banking professional with extensive leadership experience at Bank of India across India and international centres, including Hong Kong and China. He served as General Manager, New Delhi (2017–2021) and Chief Executive Officer, Hong Kong (2013–2017), overseeing cross-border banking operations, treasury, and regulatory coordination. His experience includes leading initiatives involving liaison with Government of India departments and international financial institutions such as JICA, AFD, and KfW for development projects including bullet trains, infrastructure, and agriculture financing.

Strategic Objectives

The Advisory Committee will provide guidance to the Board of Directors on several key areas:

• Business strategy development and implementation
• Long-term planning and strategic direction
• Operational performance optimization
• Financial performance enhancement
• Leadership mentoring and development
• Identification of new business opportunities

The company believes that the onboarding of these experienced professionals will assist in providing valuable industry insights and financial expertise, thereby supporting improved operational and financial performance while fostering sustainable growth and long-term value creation.

Regulatory Compliance

The appointment has been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that none of the appointed members are related to any existing directors of the company, ensuring independence in advisory functions.

ITCONS e-Solutions Ltd has secured a substantial contract worth INR 17120844.53 from the DG of Defence Estate, Department of Defence, Ministry of Defence. The announcement was made through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated March 24, 2026.

Contract Overview

The contract involves providing manpower outsourcing services through the deployment of 45 resources for a period of one year. The company emphasized that this contract marks a significant milestone and reflects the continued trust placed in them by government agencies.

Contract Terms and Conditions

The contract is scheduled to commence on May 01, 2026, and shall remain in force until April 30, 2027, unless extended further by mutual agreement between the parties. The nature of services involves manpower outsourcing, specifically the deployment of 45 resources as per the terms agreed with the defence establishment.

Regulatory Compliance Details

As per SEBI regulations, the company confirmed that this is a domestic contract with no related party transactions involved. The promoter, promoter group, or group companies have no interest in the entity that awarded the contract. The disclosure was made in compliance with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Strategic Significance

The contract represents a notable achievement for ITCONS e-Solutions in the government sector, particularly in defence-related services. The company's ability to secure contracts from prestigious government agencies like the Ministry of Defence demonstrates its capability in providing specialized manpower solutions. The one-year duration with potential for extension provides revenue visibility and strengthens the company's position in the government services segment.