itcons e-solutions has secured a new contract from the Indian Council of Medical Research (ICMR) to provide manpower outsourcing services, reinforcing its position in the government sector. The agreement, valued at INR 12304256.25, mandates the deployment of 33 resources for a period of one year. This contract underscores the continued trust placed in the company by government agencies and represents a significant milestone for its business operations.

The contract is scheduled to commence on June 02, 2026, and shall remain in force until June 01, 2027, unless extended further by mutual agreement between the parties. The total consideration is inclusive of all taxes and duties. The order was awarded by a domestic entity, specifically the Department of Health Research, Ministry of Health and Family Welfare.

Contract Details

The disclosure was made to the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order does not involve any interest from the promoter, promoter group, or group companies in the entity awarding the contract. Furthermore, the transaction does not fall within related party transactions.

ITCONS E-Solutions Ltd reported a 61.8% rise in net profit to ₹525.66 lakh for the financial year ended March 31, 2026, driven by strong operational performance. Revenue from operations increased 56.7% to ₹8,774.36 lakh from ₹5,598.41 lakh in the previous year. The board has recommended a final dividend of ₹0.15 per equity share, subject to shareholder approval.

Financial Performance

The company’s total income for FY26 stood at ₹8,975.73 lakh, a significant increase from ₹5,709.71 lakh in FY25. Profit before tax for the year rose to ₹624.32 lakh from ₹445.70 lakh in the prior year. Earnings per share (EPS) on a basic basis improved to ₹8.05 from ₹6.43 in the previous year.

For the half year ended March 31, 2026, the company recorded a profit of ₹247.45 lakh, compared to ₹195.89 lakh in the same period of the previous year. Revenue from operations for the half year reached ₹4,755.26 lakh.

Board Approvals and Dividend

The board approved the audited standalone financial results for the half year and year ended March 31, 2026. Devesh Parekh & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the financial results. A final dividend of ₹0.15 per share was recommended for FY26.

Management Changes

The board approved the change in designation of Mr. Adit Mittal from Non-Executive Director to Executive Director for a term of five years commencing May 26, 2026. His remuneration was fixed at ₹36,00,000 per annum with an annual increment of 25%. Ms. Nikky Gupta was approved for re-appointment as an Independent Director for a second term of five years effective from August 06, 2026. Additionally, the board revised the perquisites for Mr. Gaurav Mittal, Managing Director & CEO, to 25% of annual salary.

Corporate Resolutions

Shareholders will vote on proposals to increase the limits for loans, guarantees, and investments under Sections 185 and 186 of the Companies Act, 2013, to ₹1,000 crore. The board also approved increasing the borrowing limits to ₹1,000 crore pursuant to section 180(1)(c) of the Companies Act, 2013.

Financial Results Summary