Dynacons Systems & Solutions Limited has announced that its Board of Directors will convene on March 10, 2026, to deliberate on the allotment of equity shares under the company's Employee Stock Option Plan 2020. The meeting has been scheduled in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details and Agenda

The board meeting will take place at the company's corporate office located at 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle (East), Mumbai-400057. The primary agenda focuses on approving the allotment of equity shares to eligible employees who have chosen to exercise their options granted under the Dynacons-Employees Stock Option Plan 2020.

ESOP Implementation Process

The board's decision will be based on recommendations and approval from the company's Nomination and Remuneration Committee. This process ensures proper governance and compliance with established protocols for employee stock option exercises. The ESOP-2020 scheme allows eligible employees to convert their granted options into equity shares of the company.

Corporate Information

Dynacons Systems & Solutions Limited operates with multiple quality certifications including ISO 9001:2015, ISO 20000-1:2018, ISO-27001:2022, and CMMI Maturity Level 5. The company maintains its registered office at 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai-400056, while the corporate office is situated in Vile Parle East.

Regulatory Disclosure

The meeting notice has been communicated to both BSE Limited and The National Stock Exchange of India Limited as per listing requirements. Additional information regarding this board meeting will be made available on the company's official website at www.dynacons.com for stakeholder reference.

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.