Dynacons Systems & Solutions Limited has successfully completed the allotment of 11,750 equity shares under its Employee Stock Option Plan 2020 following the board meeting held on March 10, 2026. The company had previously scheduled this meeting to deliberate on ESOP share allotment for eligible employees who exercised their stock options.

ESOP Allotment Details

The board approved the allotment of equity shares with a face value of Rs. 10.00 each to eligible employees under the Dynacons-Employees Stock Option Plan 2020. The exercise price per share was set at Rs. 10.00, with no premium applicable. Notably, no shares were allotted to company directors in this exercise.

Capital Structure Impact

Following this allotment, the company's paid-up capital has increased to Rs. 12,73,70,800, divided into 1,27,37,080 equity shares of Rs. 10.00 face value each. The newly allotted shares will rank pari passu with existing equity shares in all respects, providing equal rights and privileges to the employee shareholders.

Regulatory Compliance and Filing

The allotment was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company clarified that this allotment is not material in nature to the company's operations. The regulatory filing was submitted to both BSE Limited and National Stock Exchange of India Limited with the respective scrip code 532365 and symbol DSSL.

Corporate Governance

The ESOP exercise was processed based on recommendations from the company's Nomination and Remuneration Committee, ensuring adherence to established governance protocols. Company Secretary Pooja Patwa signed the regulatory filings, which were digitally signed on March 10, 2026. The shares are issued in demat form under ISIN number INE417B01040, with no lock-in period applicable to the allotted shares. The company maintains its website at www.dynacons.com where this information is also available for stakeholders.

Dynacons Systems & Solutions has announced a major contract win, securing a ₹108.88 crore project from Punjab & Sind Bank for comprehensive on-premises private cloud infrastructure implementation and management services. The company has formally notified stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking this significant 5-year deal as a notable expansion of its enterprise client base.

Regulatory Compliance and Project Overview

The company filed the mandatory disclosure with both NSE (Symbol: DSSL) and BSE (Security Code: 532365), providing detailed project specifications as required under regulatory guidelines. Company Secretary Pooja Patwa signed the official intimation, confirming this as a domestic contract with no related party transactions involved.

Comprehensive Technical Infrastructure

Dynacons will oversee the design and implementation of necessary IT infrastructure, underlying system software, and cloud services to support deployment and hosting of the bank's applications, including Data Center and Disaster Recovery (DC-DR) environment. The solution incorporates technologies from leading global OEMs including Dell, VMware, Red Hat, and Microsoft.

The comprehensive solution includes server virtualization hypervisor, compute servers, SAN switches, object storage, private cloud management and orchestration, infrastructure monitoring, virtual load balancing, software-defined networking, and advanced threat prevention with zero-trust security features. The platform will provide automated scale-in and scale-out capabilities through a centralized, user-friendly management dashboard.

Strategic Implementation Scope

The project encompasses migration of existing servers to the private cloud platform (P2V and V2V), upgrade of existing VMware-based infrastructure and SAN storage, backup and recovery solutions, and comprehensive onsite manpower support. Punjab & Sind Bank, serving customers across urban and rural markets through its extensive branch network, has consistently adopted technology-driven initiatives to enhance operational efficiency.

Management Commentary

Commenting on the development, Mr. Dharmesh Anjaria, Executive Director of Dynacons Systems & Solutions, stated: "This achievement is a strong validation of our Private Cloud strategy and execution capabilities. Securing yet another large-scale Private Cloud project reflects the trust that leading institutions place in Dynacons' ability to deliver secure, resilient, and future-ready IT infrastructure."

Company Profile and Capabilities

This project win demonstrates Dynacons Systems & Solutions' growing expertise in enterprise cloud solutions and its ability to secure large-scale contracts from established financial institutions. The 30-year-old IT company, headquartered in Mumbai with branches across India, maintains industry-leading certifications including CMMI Level 5, ISO 9001, ISO 20000, and ISO 27000. The company's technical resources are present at more than 250 locations across India, positioning it well for comprehensive nationwide project delivery.