NIS Management Limited has secured a work order worth ₹11,90,28,674.48 inclusive of Goods and Services Tax (GST) from West Bengal State Electricity Distribution Company Limited (WBSEDCL) for the deployment of security personnel. The two-year contract is scheduled to commence on August 01, 2026, covering safety, security, and guarding services for the client's installations and equipment at various site offices within its jurisdiction. This order reinforces the company's operational footprint in the state and expands its engagement with public-sector clients.

The contractual terms stipulate that the work will be executed in accordance with prescribed job rates and the scope of work specified in the order. The engagement is classified as a domestic transaction and does not fall under related party transactions, with no interest declared by the promoter or group companies in the entity awarding the order.

Contract Details

Management Commentary

Debajit Choudhury, Managing Director of NIS Management Limited, stated that the order serves as a testament to the dedication and expertise of the team. He expressed optimism about collaborating with the client to ensure the success of the endeavor, highlighting the support of stakeholders as pivotal to the company's operations.

NIS Management reported a consolidated net loss of ₹185.36 lakh for the financial year ended March 31, 2026, a significant decline from the profit of ₹1,866.68 lakh recorded in the previous year. The company's standalone financial results for the same period also reflected a net loss of ₹509.25 lakh. The performance was adversely impacted by the recognition of exceptional items totaling ₹2,782.01 lakh, which the company attributed to the implementation of new labour codes notified by the Government of India in November 2025.

The board of directors, led by Managing Director Debajit Choudhury, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during a meeting held on May 29, 2026. The statutory auditors, KGRS & Co., issued an unmodified opinion on the results. The company noted that the new labour codes, which subsume 29 existing laws, necessitated a reassessment of employee benefits based on actuarial valuation, leading to the one-time provision.

Revenue from operations for the consolidated entity increased to ₹43,340.06 lakh in FY26 from ₹40,217.44 lakh in FY25. On a standalone basis, revenue rose to ₹41,144.29 lakh from ₹37,393.07 lakh in the prior year. Despite the revenue growth, the exceptional items resulted in a profit before tax of ₹(619.72) lakh for the consolidated entity and ₹(1,073.32) lakh for the standalone entity for the full year.

The company's total income for the consolidated year stood at ₹43,669.69 lakh, while total expenses reached ₹41,507.40 lakh. The finance cost for the consolidated year increased to ₹939.11 lakh from ₹878.49 lakh in the previous year. The earnings per share (EPS) on a consolidated basis for the year was ₹(1.04), compared to ₹12.38 in the previous year.

Financial Results for FY26

The following table summarizes the key financial metrics for the standalone entity for the year ended March 31, 2026:

Utilisation of IPO Proceeds

The company provided an update on the utilization of proceeds from its Initial Public Offer (IPO), which aggregated to ₹5,174.82 lakh. As of March 31, 2026, the company had utilized ₹1,483.48 lakh towards the stated objects. The unutilised amount of ₹3,691.34 lakh has been temporarily parked in fixed deposits and current accounts with scheduled banks. The actual issue expenses incurred were ₹694.77 lakh, exceeding the estimated ₹618.97 lakh disclosed in the prospectus.