Krystal Integrated Services has announced that its associate company Advait Krystal Solar Energy SPV Private Limited has secured a significant ₹138 crore contract from the Directorate of Medical Education & Research (DMER), Maharashtra. The official contract was awarded on April 22, 2026, as disclosed under Regulation 30 of SEBI Listing Regulations.

Contract Details and Value

The substantial ₹138 crore agreement represents a major milestone for the associate company in the renewable energy sector. Advait Krystal Solar Energy SPV Private Limited has signed the Power Purchase Agreement with two Maharashtra government entities under a comprehensive arrangement.

Project Scope and Implementation

The agreement encompasses comprehensive services for rooftop solar photovoltaic systems at government hospitals and medical colleges across Maharashtra. Under the BOOT model, Advait Krystal Solar Energy SPV will handle the complete project lifecycle from design to transfer.

Corporate Structure and Financial Impact

Krystal Integrated Services holds a 49.00% shareholding in Advait Krystal Solar Energy SPV Private Limited, making it an associate company. The parent company has clarified that it is not a direct party to the agreement and has not provided any corporate guarantee or financial commitment for this project. The company's exposure remains limited to its investment in the associate company.

Regulatory Compliance and Disclosure

The company has made the disclosure pursuant to Regulation 30 of SEBI Listing Regulations and SEBI Master Circular dated January 30, 2026. The agreement does not fall within related party transactions and has been confirmed as not involving any promoter group interest in the awarding entities. Company Secretary Manishkumar Sangani signed the regulatory filing on April 23, 2026, ensuring full compliance with disclosure requirements. The agreement provides for performance obligations, payment security mechanisms, and termination provisions while ensuring asset transfer to the procurer at the end of the term.

Krystal integrated services Limited has submitted its quarterly confirmation certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The regulatory filing demonstrates the company's adherence to mandatory compliance requirements for listed entities regarding dematerialisation processes.

Regulatory Compliance Submission

The confirmation certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the company's registrar and share transfer agent. The certificate was dated April 3, 2026, and subsequently submitted to both BSE Limited and National Stock Exchange of India Limited on April 6, 2026.

Certificate Confirmation Details

The registrar confirmed that all securities received from depository participants for dematerialisation during Q4FY26 were properly processed and confirmed to the depositories. The certificate validates that securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are already listed.

Key confirmations included in the certificate:

• Securities received for dematerialisation were confirmed or rejected within prescribed timelines
• Security certificates were mutilated and cancelled after due verification by depository participants
• Names of depositories were substituted in the register of members as registered owners
• All processes were completed in accordance with regulatory requirements

Corporate Communication

The submission was signed by Manishkumar Sangani, Company Secretary and Compliance Officer (Membership Number: A24871), on behalf of Krystal Integrated Services Limited. The company operates under the reference number KISL/CS/SE/01/2026-27 for this financial year's corporate communications.

Exchange Information

Krystal Integrated Services Limited trades on both major Indian stock exchanges with the following identifiers:

This quarterly submission represents part of the company's ongoing regulatory compliance obligations as a publicly listed entity, ensuring transparency in share transfer and dematerialisation processes for investor protection.