NIS Management has announced through an official disclosure that its subsidiary, NIS Facility Management Services Private Limited, has been awarded a significant ₹2.18 crore contract by the Mumbai Police, Home Department Maharashtra, State Government. The comprehensive CCTV services contract covers project planning and management, network connectivity, and operations & maintenance services.

Contract Details and Timeline

According to the official disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015, the contract will commence from April 01, 2026 and conclude on May 03, 2026. The project encompasses multiple technical service components that demonstrate the subsidiary's capabilities in surveillance technology implementation.

Service Scope and Technical Components

The work order covers comprehensive CCTV-related services under the category of "Hiring of Agency for IT Projects" on a milestones basis. The scope includes:

• Project Planning and Management: Strategic planning and design of CCTV infrastructure
• Network Connectivity: Implementation of network connectivity solutions for surveillance systems
• Operations & Maintenance (O&M): Ongoing operational support and maintenance services
• Warranty Services: Comprehensive warranty coverage for CCTV cameras

Regulatory Compliance and Disclosure

The company has confirmed that this contract does not fall under related party transactions and has been awarded at arm's length. The promoter, promoter group, and group companies have no interest in the entity that awarded the contract, ensuring complete transparency in the business arrangement.

Business Impact

This contract win represents a significant milestone for NIS Management's subsidiary in the government security and surveillance sector. The ₹2.18 crore deal strengthens the subsidiary's position in municipal security projects and demonstrates its technical expertise in handling large-scale CCTV implementation and maintenance projects for state government departments.

NIS Management Limited has announced that its subsidiary company has secured a substantial contract for CCTV infrastructure restoration work. The disclosure, made under Regulation 30 of SEBI LODR Regulations, 2015, marks a significant business development for the company's facility management operations.

Contract Details and Scope

NIS Facility Management Services Private Limited, a subsidiary of NIS Management Limited, has been awarded a letter of intent by the West Bengal Electronics Industry Development Corporation Limited. The project encompasses restoration of CCTV cameras based on OFC cable laying and other accessories under the comprehensive "CCTV project and OFC backbone project in NKGSCCL for entire New Town area".

Project Specifications

The scope of work includes comprehensive restoration of CCTV cameras under the CCTV Project and OFC backbone project covering the entire New Town area. The contract involves technical expertise in optical fiber cable laying and installation of related accessories to ensure robust surveillance infrastructure.

Regulatory Compliance and Disclosures

The company has confirmed that this contract does not involve any related party transactions and has been executed at arm's length. The promoter, promoter group, and group companies have no interest in the awarding entity, ensuring transparency in the business arrangement.

Management Perspective

NIS Management Limited views this contract award as recognition of their subsidiary's technical capabilities and expertise in facility management services. The company expressed enthusiasm about collaborating with the West Bengal Electronics Industry Development Corporation Limited on this infrastructure development objective, emphasizing the role of stakeholder support in ensuring project success.