Meta infotech Limited has secured a substantial renewal order worth Rs. 1,91,09,587 from a leading private sector bank, marking a significant business development for the IT services company. The order, announced on March 14, 2026, encompasses cloud workload services and onsite resources, demonstrating the company's continued relationship with major banking clients.

Order Details and Scope

The renewal contract covers comprehensive IT services with distinct timelines for different service components. The agreement includes cloud workload services scheduled from March 1, 2026, to June 30, 2027, while onsite resources will be provided from March 1, 2026, to February 28, 2027.

Service Components

The contract encompasses two primary service areas that reflect the evolving needs of the banking sector. Cloud workload services will support the bank's digital infrastructure requirements, while onsite resources will provide dedicated technical support and implementation services. This dual approach ensures comprehensive coverage of both remote and on-premises IT requirements.

Regulatory Compliance

Meta Infotech Limited disclosed this order pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company confirmed that the order falls within the ordinary course of business and involves no related party transactions. Company Secretary and Compliance Officer Komal Toshniwal signed the disclosure, ensuring full regulatory compliance.

Business Implications

The renewal nature of this order indicates Meta Infotech's successful track record with the banking client and demonstrates the company's ability to maintain long-term business relationships. The contract value of Rs. 1.91 crores represents a significant revenue opportunity for the company, particularly in the competitive IT services sector serving financial institutions.

Meta Infotech Limited has disclosed that its Promoter and Managing Director, Venu Gopal Peruri, has acquired additional equity shares of the company through multiple open market transactions. The latest acquisition was completed on BSE Limited over two trading sessions in March 2026, following previous purchases earlier in the month.

Latest Share Acquisition Details

The promoter acquired a total of 27,200 equity shares of face value INR 10 each through open market purchases on March 5-6, 2026. The acquisition was executed in two separate transactions:

This follows the earlier acquisition of 1,60,800 shares on March 2 and March 4, 2026, bringing the total shares acquired in March to 1,88,000 equity shares.

Updated Shareholding Pattern

The latest acquisition has resulted in a further increase in the promoter's stake in the company. The current shareholding pattern shows:

The company's total equity share capital remains unchanged at INR 18,88,14,000, comprising 1,88,81,400 equity shares of Rs. 10 each.

Regulatory Compliance and Documentation

Meta Infotech Limited has fulfilled its regulatory obligations by filing the necessary disclosure under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The disclosure was submitted to BSE Limited on March 6, 2026.

Company Secretary and Compliance Officer Komal Toshniwal signed the disclosure document on behalf of the company, while Venu Gopal Peruri provided his separate disclosure as the acquirer. Both documents were digitally signed and submitted to the stock exchange with timestamps showing submission on March 6, 2026.

Company Information

Meta Infotech Limited, incorporated with CIN L72100MH1998PLC117495, is listed on BSE Limited under company code METAINFO and scrip code 544441. The company is headquartered at 118/119, 1st Floor, Akruti Star, Opp Akruti Centre Point, MIDC, Andheri East, Mumbai. Venu Gopal Peruri serves as both Promoter and Managing Director of the company and is based in Mumbai.