Adroit Infotech Limited has announced a significant milestone for its subsidiary, VERSO ALTIMA INDIA PVT LIMITED. The company has secured a substantial contract worth INR 29.00 crores from a major Internet Service Provider for Application Maintenance and Support Services.

Contract Details

The contract, officially issued on September 10, 2025, spans a period of five years and encompasses comprehensive onsite and offshore support services. The project primarily involves functional and technical support for application maintenance services.

Scope of Work

The scope of work for VERSO ALTIMA INDIA includes:

• Application Maintenance and Support Services
• Comprehensive onsite and offshore support for five years

Company Profile

Adroit Infotech Limited is a specialist SAP consulting and managed services company with nearly two decades of experience. The company focuses on helping organizations reduce costs and improve effectiveness through internal process improvements using SAP products and solutions.

VERSO ALTIMA INDIA PVT LIMITED, a subsidiary of Adroit Infotech, specializes in digital transformation services across various industries, including:

• Telecom
• Cable & Media
• Internet Service Providers (ISP)
• Logistics
• Retail
• Internet of Things (IoT)
• Data Analytics

The company has a global presence with operations in multiple countries, including India, UK, Brazil, Thailand, Singapore, Tanzania, Indonesia, Dubai, and the USA.

Market Impact

This contract win represents a significant achievement for Adroit Infotech and its subsidiary. The INR 29.00 crore deal showcases the company's capabilities in application maintenance and support services and strengthens its position in the digital transformation sector.

As per the company's disclosure to the stock exchanges, this contract does not fall under related party transactions, and there is no interest from the promoter or promoter group in the entity that awarded the contract.

Looking Ahead

With this new contract, Adroit Infotech and VERSO ALTIMA INDIA are well-positioned to leverage their expertise in SAP consulting and digital transformation services. The five-year duration of the contract provides a stable revenue stream and the opportunity to further solidify their relationship with a major player in the Internet Service Provider industry.

Adroit Infotech Limited has reported mixed financial results for the fiscal year 2024-25 and announced its 35th Annual General Meeting (AGM) to be held on September 9, 2025, via video conferencing.

Financial Performance

The company achieved consolidated revenue of Rs. 3,391.16 lakhs in FY2025, up from Rs. 2,583.70 lakhs in the previous year, representing a growth of about 31%. Consolidated EBITDA also saw an increase, reaching Rs. 893.54 lakhs compared to Rs. 565.10 lakhs in FY2024.

However, the standalone performance showed a more complex picture. While standalone revenue increased to Rs. 914.50 lakhs from Rs. 684.87 lakhs, the company reported a net loss of Rs. 1.96 lakhs at the standalone level, compared to a profit of Rs. 207.88 lakhs in the previous year.

Rights Issue and Share Capital

During the year, Adroit Infotech completed its rights issue. The company's paid-up share capital increased to Rs. 5,417.72 lakhs, consisting of 5,46,77,208 equity shares. Of these, 2,94,09,836 shares were fully subscribed and paid up, while 30,91,222 shares remain partially paid.

Annual General Meeting

The 35th AGM is scheduled for September 9, 2025, to be conducted via video conferencing. Key agenda items include:

• Adoption of financial statements
• Re-appointment of Mr. Sudhakiran Reddy Sunkerneni as director
• Appointment of new independent directors
• Approval for borrowing limits and creation of charges on company assets
• Consideration of ESOP scheme modifications

Management Commentary

Mr. Sudhakiran Reddy Sunkerneni, Managing Director of Adroit Infotech, stated, "While our consolidated performance shows growth, we acknowledge the challenges reflected in our standalone results. We are focused on leveraging our strengths in IT services and SAP consulting to drive sustainable growth in the coming years."

Outlook

The company expects its consolidated revenue to reach around Rs. 50 crores in the upcoming year, projecting a growth of approximately 45% year-over-year. This outlook is based on renewed sales efforts planned for the latter part of the fiscal year.

Investors and stakeholders are advised to review the detailed financial statements and AGM notice for a comprehensive understanding of the company's performance and future plans.