ITCONS e-Solutions Ltd has secured a substantial new contract worth INR 25228594.09 from the Indian Council of Agricultural Research (ICAR), marking a significant business development for the company. The contract was awarded by the Department of Agricultural Research and Education (DARE), ICAR, under the Ministry of Agriculture and Farmers Welfare.

Contract Details and Scope

The comprehensive manpower outsourcing services contract encompasses several key parameters:

The contract involves deployment of resources to complete 33,384 man days work over the specified period. The agreement includes provisions for potential extension through mutual agreement between the parties, providing flexibility for continued collaboration.

Regulatory Compliance and Disclosure

ITCONS e-Solutions Ltd made this disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Key regulatory aspects of the contract include:

• Entity Type: Domestic government entity
• Related Party Status: No related party transactions involved
• Promoter Interest: No promoter or group company interest in the awarding entity
• Transaction Nature: Arms-length commercial arrangement

Strategic Significance

The company emphasized that this contract represents a significant milestone, reflecting the continued trust placed by government agencies in their service delivery capabilities. The substantial contract value of over INR 25 crore demonstrates ITCONS e-Solutions' growing presence in the government manpower services sector.

The one-year duration provides revenue visibility for the company through April 2027, with potential for extension based on performance and mutual agreement. This government contract strengthens the company's portfolio in providing specialized manpower solutions to critical agricultural research institutions.

ITCONS E-Solutions Ltd has entered into a strategic agreement with Instakart Services Private Limited to provide comprehensive manpower services for supply chain and logistics operations across India. The company announced this development on March 27, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agreement Details

The partnership involves ITCONS providing manpower services for all supply chain and logistics operation locations of Instakart in India. Instakart Services Private Limited is described as a major Indian logistics and supply chain company that functions as the primary courier and last-mile delivery arm of Flipkart, providing warehousing, same-day delivery, and supply chain solutions while handling high-volume e-commerce shipments across India.

Regulatory Compliance

The agreement disclosure was made in compliance with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has confirmed that:

• No shareholding exists between the parties
• The parties are not related to promoter, promoter group, or group companies
• The transaction does not fall within related party transactions
• No arm's length pricing considerations are required

Service Scope

Under the agreement, ITCONS E-Solutions will provide manpower services including skilled, semi-skilled, and unskilled personnel specifically for supply chain and logistics-related roles. The exact requirements will be determined based on Instakart's operational needs across their various locations in India.

The agreement size will be mutually determined between the parties as per the specific scope of work to be executed, providing flexibility to scale services based on business requirements.