Krystal Integrated Services has secured a work order worth ₹27.64 crore from The Director of Backward Classes (BC) Welfare Department, Andhra Pradesh to provide cleaning and sanitation services. The contract involves delivering manpower and material for facility management across 563 hostels situated in Multi Zone - II, spanning thirteen districts. This two-year engagement covers 10.5 months for each academic year, expanding the company's footprint in the government sector.

The work order, numbered RC. No. A/3003/2026-2 and dated July 02, 2026, was awarded in the ordinary course of business. The contract value of ₹27.64 crore excludes applicable taxes and falls under the category of domestic facility management services. Manishkumar Sangani, Company Secretary & Compliance Officer, confirmed that the order does not involve any related party transactions and that the promoter group has no interest in the entity awarding the contract.

Contract Details

The agreement specifies a clear operational timeline and scope, focusing on maintaining hygiene standards in educational institutions. The following table outlines the key parameters of the transaction:

The disclosure was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the order is a domestic transaction and does not fall within related party transactions.

Krystal Integrated Services Limited has received shareholder approval to re-appoint its top leadership, including Mrs. Neeta Prasad Lad as Chairperson and Managing Director and Mr. Sanjay Suryakant Dighe as Whole-time Director & Chief Executive Officer, for a period of three years commencing September 15, 2026. The resolutions were passed through a remote e-voting process that concluded on June 21, 2026, with the requisite majority as required under the Companies Act, 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The postal ballot sought approval for seven resolutions, comprising five special resolutions and two ordinary resolutions. The special resolutions covered the re-appointment of Mrs. Neeta Prasad Lad, Mr. Sanjay Suryakant Dighe, Mr. Pravin Ramesh Lad, Mr. Shubham Prasad Lad, and Ms. Saily Prasad Lad as Whole-time Directors. The ordinary resolutions pertained to the re-appointment and remuneration of Mr. Prasad Minesh Lad as Chief Mentor and Mrs. Surekha Pravin Lad as Manager – CMD Desk.

Voting Results

The remote e-voting process was conducted by the scrutinizer, Kajal Jakharia of Kajal Jakharia & Associates, with the facility provided by National Securities Depository Limited (NSDL). Out of a total of 22,387 shareholders, 100 members participated in the voting for the special resolutions, while 99 members voted on the ordinary resolutions. The total number of votes polled stood at 7,00,965, representing approximately 5.02% of the total outstanding shares.

Remuneration and Related Party Transactions

The approvals included specific remuneration structures for the re-appointed executives. For Mr. Prasad Minesh Lad, appointed as Chief Mentor, the shareholders approved a monthly gross remuneration not exceeding ₹1,11,07,194. Mrs. Surekha Pravin Lad, re-appointed as Manager – CMD Desk, was granted a monthly gross remuneration not exceeding ₹4,21,843. Both appointments were classified as related party transactions under Section 188 of the Companies Act, 2013 and Regulation 23 of the SEBI Listing Regulations.

The resolutions also authorized the Board of Directors, including the Nomination, Remuneration and Compensation Committee, to modify the terms and conditions of remuneration within the approved limits. The company confirmed that the results of the postal ballot would be available on its website and the NSDL e-voting portal.