Purple Wave Infocom completed a pilot deployment of its connected smart washroom air-quality and hygiene monitoring solution, HYGI AIR, across 100 retail outlets. The company disclosed the business development to the BSE Limited on August 13, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The pilot demonstrated the operational capability of the solution, including device connectivity, centralized monitoring, alerts, analytics, and device-health visibility. All deployed devices were connected to the company's centralized monitoring platform and transmitted field data for remote monitoring.

Commercial Evaluation

Following the pilot, Purple Wave Infocom is evaluating and preparing for commercial deployment of HYGI AIR. The potential rollout targets fuel-retail and other distributed or high-footfall facilities. Any commercial deployment remains subject to customer requirements, commercial negotiations, deployment schedules, and applicable statutory and regulatory requirements.

The solution extends the company's technology portfolio into connected sensing, cloud-based monitoring, analytics, and managed service support for distributed facilities.

Regulatory Clarification

The company clarified that this update does not represent any confirmed purchase order, binding contract, assured revenue, financial guidance, or guarantee of future business. Commercial deployments and revenues will depend on customer approvals, product configuration, market conditions, and other applicable factors.

Shivani Gupta, Company Secretary & Compliance Officer, signed the disclosure.

Purple Wave Infocom has been awarded a confirmed work order valued at Rs 14.94 crore by Hyundai Motor India Limited. The contract involves the supply, installation, testing, and commissioning of "SAIPUR" brand Digital Advertising Display Kiosks (Standees) across the Hyundai dealership network, along with associated Content Management Service (SaaS) engagement. The execution timeline spans five years from the order date.

WHAT HAPPENED

This is a confirmed work order (TYPE A), meaning the value is firm and executable upon commencement. The scope includes both hardware deployment and ongoing software-as-a-service (SaaS) content management. The order was dated August 4, 2026, and disclosed to the exchange on the same day. This marks the first order disclosure for the company in the last three fiscal quarters.

ORDER IN FINANCIAL CONTEXT

The Rs 14.94 crore order is substantial relative to the company's current financial scale. Trailing twelve-month revenue is reported as Rs 0.0 crore, making the book-to-bill ratio technically undefined or infinite based on pre-computed values. Consequently, the total disclosed order book represents an undefined number of quarters of backlog due to zero denominator revenue. This order provides critical visibility into future revenue streams for a company currently showing no reported sales activity in its TTM P&L. The Total Disclosed Order Book figure sums exactly the same last 3 fiscal quarters shown in the order track record table below (sum of the 1 order disclosed across the last 3 fiscal quarters shown in the table below).

COMPANY ORDER TRACK RECORD

There are no previous order disclosures found for this company in the last three fiscal quarters. This current order is the first recorded inflow in the recent tracking window, making it impossible to assess acceleration or deceleration trends against prior data. The value of Rs 14.94 crore sets a baseline for typical per-order size moving forward.

Note: As no quarterly grouping data is available for the past three quarters, the table above reflects the absence of disclosed orders in those periods. The current order falls in Q1FY27 (Apr-Jun 2026), which is outside the standard 3-quarter lookback for trend analysis but is the primary subject of this filing.

EXECUTION AND REVENUE QUALITY

The company reports zero revenue, net profit, and operating profit margin for the trailing twelve months. This indicates either a seasonal business cycle, a recent listing with minimal operational history, or a lag in revenue recognition from past activities. Without positive revenue figures in the last three quarters, it is not possible to assess if existing backlog is converting to revenue at an improving rate. The lack of reported earnings also means there are no quarters with net loss to flag as execution stress, but rather a complete absence of reported commercial activity in the TTM window.

WORKING CAPITAL AND EXECUTION CAPACITY

Balance sheet and cashflow data are not provided in the input, preventing a detailed assessment of liquidity via current ratio or total liabilities/equity. Similarly, operating cashflow and free cashflow figures are unavailable. It should be noted that without confirmed working capital metrics, the ability to fund the initial hardware supply and installation phase of this five-year contract remains unverified through public filings. Monitoring subsequent balance sheet disclosures for changes in inventory and receivables will be essential.

WHAT TO WATCH

• Execution start date: Confirm when hardware supply and installation begin, as this triggers initial revenue recognition under the five-year term.
• Revenue recognition pattern: Given zero TTM revenue, watch for the first quarter where this order contributes to top-line growth.
• Margin quality: Assess whether the combined hardware and SaaS model delivers stable operating margins compared to pure-play hardware contracts.
• Client concentration: Hyundai Motor India Limited accounts for 100% of the disclosed order book, creating high dependency on a single client relationship.

KEY OBSERVATIONS

• Backlog signal: Book-to-bill is effectively infinite given zero TTM revenue. Execution capacity becomes the binding constraint as the company moves from zero to active revenue generation.
• Zero revenue context: Trailing twelve-month revenue is Rs 0.0 crore. This order is foundational for establishing a recurring revenue base rather than additive to an existing stream.
• High ROCE: Return on Capital Employed of 74.5% in FY25 suggests efficient capital utilization when operations are active, though this metric may not reflect current idle capacity.