Meta Infotech Secures Rs 2.28 Cr Renewal Order From Major Private Sector Bank
Meta Infotech has won a renewal order valued at Rs 2,28,95,952.48 (excluding GST) from one of India's largest private sector banks for sustenance resources, covering the period April 1, 2026 to March 31, 2027. The contract is to be executed within 15 days and is not a related party transaction. The disclosure was filed with BSE Limited under SEBI Listing Regulations on June 16, 2026.
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Meta Infotech has secured a renewal order worth Rs 2,28,95,952.48 (excluding GST) from one of the largest domestic private sector banks for sustenance resources. The contract covers the period April 1, 2026 to March 31, 2027, and is expected to be executed within 15 days of receipt.
The order was received in the ordinary course of business. There is no interest from the promoter, promoter group, or group companies in the entity that awarded the order, confirming it is not a related party transaction.
Order Details
The key parameters of the renewal contract are summarised below:
| Parameter: | Details |
|---|---|
| Name of Client: | Largest Private Sector Bank |
| Nature of Order: | Sustenance Resources |
| Contract Period: | April 1, 2026 to March 31, 2027 |
| Execution Time: | Within 15 days |
| Order Value: | Rs 2,28,95,952.48 (excluding GST) |
| Related Party Transaction: | NA |
The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Mansi Sheth, Company Secretary & Compliance Officer, signed the filing on June 16, 2026.
Historical Stock Returns for Meta Infotech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.99% | +17.22% | +11.94% | -30.99% | -65.71% | -65.71% |
How will this renewal order impact Meta Infotech's revenue projections for the fiscal year 2026-27?
What is the potential for Meta Infotech to secure similar contracts with other major private sector banks?
How might this contract influence Meta Infotech's competitive position in the IT sustenance resources market?
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