Trust Fintech Secures 10-Year Purchase Order from KDCC Bank for SaaS Software Modules
Trust Fintech Limited received a purchase order from KDCC Bank on 15th May 2026 for the supply, implementation, integration, and SaaS subscription of add-on software modules along with related services. The contract is for a period of 10 years, with a first-year revenue of Rs. 1,76,77,536 and a total contract price of Rs. 22,23,46,148. An annual escalation of 5% is applicable from Year 2 onwards on software subscription and infrastructure rental/subscription charges. The order has been awarded by a domestic entity and does not constitute a related party transaction.
*this image is generated using AI for illustrative purposes only.
Trust Fintech Limited has secured a purchase order from KDCC Bank for the supply, implementation, integration, and SaaS subscription of add-on software modules along with related services. The development was disclosed to the National Stock Exchange of India Ltd on 15th May 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July, 2023.
Order Details at a Glance
The purchase order has been awarded by KDCC Bank, a domestic entity, and is classified as a non-related party transaction. The promoter/promoter group/group companies have no interest in the entity awarding the order. The key parameters of the contract are summarised below:
| Parameter: | Details |
|---|---|
| Awarding Entity: | KDCC Bank |
| Nature of Order: | Purchase Order |
| Scope: | Supply, Implementation, Integration, and SaaS Subscription of Add-On Software Modules along with related Services |
| Contract Period: | 10 years |
| Entity Type: | Domestic Entity |
| Related Party Transaction: | No |
Financial Terms of the Contract
The contract carries a first-year revenue of Rs. 1,76,77,536 (Rs. One Crore Seventy Six Lakhs Seventy Seven Thousand Five Hundred And Thirty Six only). Over the full tenure of 10 years, the total contract price stands at Rs. 22,23,46,148 (Rs. Twenty Two Crore Twenty Three Lakhs Forty Six Thousand One Hundred And Forty Eight only). The agreement incorporates an annual escalation clause, providing for a yearly 5% increase in software subscription as well as infrastructure rental/subscription charges from Year 2 onwards.
| Financial Metric: | Value |
|---|---|
| 1st Year Revenue: | Rs. 1,76,77,536 |
| Total Contract Price: | Rs. 22,23,46,148 |
| Annual Escalation: | 5% yearly from Year 2 onwards |
| Applicable On: | Software subscription and infrastructure rental/subscription charges |
Disclosure and Authorisation
The intimation was signed and submitted by Hemant Chafale, Managing Director of Trust Fintech Limited, on 15th May 2026. The disclosure confirms that neither the promoter nor the promoter group nor any group companies hold any interest in KDCC Bank, and the transaction does not fall within the scope of related party transactions under applicable regulations.
Historical Stock Returns for Trust Fintech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -7.74% | -12.35% | -25.59% | -40.22% | -67.04% | -80.19% |
Could the KDCC Bank deal serve as a reference contract to help Trust Fintech win similar SaaS agreements with other cooperative or regional rural banks in India?
How might the 5% annual escalation clause impact Trust Fintech's revenue recognition and margin profile over the 10-year contract period compared to industry benchmarks?
What execution and counterparty risks could Trust Fintech face over a decade-long contract with KDCC Bank, and how might these affect the company's order book reliability?
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