Krystal Integrated Services Limited has announced a major contract win, securing a ₹364 crore agreement with the Tamil Nadu Medical Services Corporation Limited. The company has formally disclosed this significant business development under Regulation 30 of SEBI Listing Regulations, positioning itself as a key service provider in the healthcare sector.

Contract Overview

The comprehensive agreement spans a three-year period and covers essential facility management services for 167 government healthcare institutions across Tamil Nadu. The Letter of Intent was received on March 12, 2026, with reference number E1442/OUTSOURCING-DMS/TNMSC/ENGG/2026-2 dated March 11, 2026.

Service Scope and Deployment

The contract encompasses critical operational areas essential for healthcare facility management across multiple government medical institutions. Under this mandate, Krystal will provide housekeeping, security, and allied facility management services covering more than 20,000 hospital beds across the North and West zones of the state.

The deployment will span:

• District Hospitals: Comprehensive facility management services
• Medical Colleges: Professional housekeeping and security operations
• Government Healthcare Institutions: Complete operational support
• ESI Institutions: Under Directorate of Medical and Rural Health Services
• Traditional Medicine Facilities: Institutions under the Commissionerate of Indian Medicine and Homeopathy

Management Commentary

Speaking on the development, Mr. Sanjay Dighe, CEO and Director of Krystal Integrated Services Limited, stated: "Securing this large-scale healthcare services mandate from Tamil Nadu Medical Services Corporation Limited is a significant milestone for Krystal Integrated Services Limited. Public healthcare facilities operate in high-demand environments where hygiene, safety, and operational efficiency are essential to patient care."

Regulatory Compliance

Krystal Integrated Services Limited has fulfilled its regulatory obligations by disclosing the contract details to both BSE Limited (Scrip Code: 544149) and National Stock Exchange of India Limited (Scrip Symbol: KRystal). The disclosure confirms that this is a domestic contract with no related party transactions involved, and promoters have no interest in the awarding entity.

Strategic Significance

The contract with Tamil Nadu Medical Services Corporation Limited represents a substantial addition to Krystal Integrated Services' portfolio. The ₹364 crore value underscores the scale and importance of this engagement, reflecting the company's growing presence in the integrated facility management sector. This mandate further strengthens Krystal's presence in the government and healthcare facility management segment, reinforcing its ability to deliver large-scale, manpower-intensive services across critical public infrastructure.

Krystal Integrated Services Limited has officially announced the successful completion of its postal ballot process through regulatory filings dated March 02, 2026, with shareholders providing overwhelming support for key corporate resolutions aimed at capital expansion and fundraising initiatives.

Regulatory Filing and Compliance

The company submitted comprehensive documentation to BSE Limited and National Stock Exchange of India Limited under reference KISL/CS/SE/107/2025-26, including e-voting results pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing included the scrutinizer's report, minutes of proceedings, and complete voting results.

Resolution Results and Voting Details

Ordinary Resolution - Authorized Share Capital Increase

The first resolution sought approval for increasing the company's authorized share capital from Rs. 15,00,00,000 (divided into 1,50,00,000 equity shares of Rs. 10 each) to Rs. 19,00,00,000 (divided into 1,90,00,000 equity shares of Rs. 10 each), along with consequential amendments to the Memorandum of Association.

Special Resolution - Qualified Institutions Placement

The second resolution approved the company's proposal to raise capital through a Qualified Institutions Placement (QIP) for an amount aggregating up to Rs. 300 crores in one or more tranches.

Scrutinizer Report and Process Oversight

Ms. Kajal Jakharia (Membership No. FCS 7922) of Kajal Jakharia & Associates served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report dated March 02, 2026 confirmed that both resolutions were passed with requisite majority through the remote e-voting process.

Key process highlights included:

• Electronic circulation of postal ballot notice on January 30, 2026
• Publication of newspaper advertisements in Financial Express (English) and Mumbai Lakshadeep (Marathi) on January 31, 2026
• Utilization of National Securities Depository Limited (NSDL) for remote e-voting facility
• Maintenance of electronic registers in accordance with the Companies Act, 2013

Strategic Implications and Capital Framework

The approved resolutions position the company for significant growth initiatives. The increase in authorized share capital provides the necessary framework for future equity issuances, while the QIP approval enables the company to raise up to Rs. 300 crores from qualified institutional buyers.

Both resolutions received the requisite majority approval and are deemed to have been passed effectively on March 01, 2026. The voting results and scrutinizer's report are available on the company's website at https://krystal-group.com/investor-relations/ and NSDL's e-voting portal for shareholder reference.