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.

NIS Management Limited has announced the appointment of M/s KGRS & Co., Chartered Accountants as the statutory auditor for five subsidiary companies, effective March 14, 2026. This appointment follows the recent resignation of the previous auditor M/s Datta Roy & Associates from the same subsidiaries.

New Auditor Appointment Details

The appointment was approved at Extra-Ordinary General Meetings held on March 14, 2026, for four subsidiary companies, while Keertika Education & Associates LLP approved the appointment at its meeting on the same date. M/s KGRS & Co. will serve from the conclusion of these meetings until the conclusion of the ensuing Annual General Meeting.

Affected Subsidiary Companies

The new auditor appointment covers the same five subsidiary companies that were previously served by the resigned auditor:

• NIS Facility Management Services Private Limited
• Keertika Academy Private Limited
• NIS Ace Management Private Limited
• Achilles Resolute Private Limited
• Keertika Education & Associates LLP

About the New Auditor

KGRS & Co is described as a peer-reviewed firm with a comprehensive team of professionals including FCAs, CPA(USA), CISA(USA), CS, DISA, LLB, Registered Valuers, Insolvency Professionals, and Procurement Experts. The firm provides integrated advisory, assurance, tax, and auditing services to businesses, corporates, and private clients globally.

Background and Previous Developments

The appointment addresses the casual vacancy created when M/s Datta Roy & Associates resigned from their positions on March 13, 2026, citing preoccupation and other professional commitments. The previous auditor had confirmed no pending audit issues or disagreements with management at the time of resignation.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Managing Director Debajit Choudhury signed the regulatory filings on March 14, 2026, ensuring compliance with all necessary requirements under the Companies Act, 2013 and Limited Liability Partnership Act.