Atishay Limited , a key player in the IT services sector, has announced a significant win in its business operations. The company, leading a consortium with Gundal Business Private Limited, has been awarded a prestigious 5-year rate contract by the State Election Commission, Karnataka.

Contract Details

The contract, which runs until July 20, 2030, encompasses a wide range of electoral services for local body elections across 31 districts in Karnataka. The scope of work includes:

• Preparation of electoral rolls
• Database management
• Generation, integration, and merging of electoral databases
• Printing of photo electoral rolls and other related activities

Financial Implications

As a rate-based contract, it does not have a fixed monetary value upfront. The total consideration will depend on the actual work orders issued by the State Election Commission during the contract period. Despite this, Atishay Limited describes the expected potential value as significant, given the scale and scope of operations.

Consortium Structure

Atishay Limited serves as the Prime Bidder in this contract, partnering with Gundal Business Private Limited as the Consortium Partner. This strategic alliance appears to combine the strengths of both entities to deliver comprehensive electoral services.

Market Impact

The award of this contract represents a notable achievement for Atishay Limited, potentially strengthening its position in the government services sector. It also demonstrates the company's capabilities in handling large-scale, data-intensive projects crucial for democratic processes.

Regulatory Compliance

In compliance with SEBI regulations, Atishay Limited has duly informed the BSE Limited about this development. The company has committed to keeping the stock exchange informed of any material developments or updates pertaining to the execution of the contract.

This contract win underscores Atishay Limited's growing role in supporting electoral processes and highlights its expertise in managing complex data and printing services for government entities.

Atishay Limited , a company listed on the Indian stock market, has recently clinched a significant order worth ₹12.00 crore, marking a notable achievement for the firm. This development comes as a positive signal for the company, which currently boasts a market capitalization of ₹160.00 crore.

Order Details

The newly secured order, valued at ₹12.00 crore, represents a substantial business opportunity for Atishay. While specific details about the nature of the order or the client have not been disclosed, the size of the contract is noteworthy, especially considering the company's current market valuation.

Market Impact

With a market capitalization of ₹160.00 crore, this new order is equivalent to 7.50% of Atishay's current market value. Such a significant contract has the potential to positively impact the company's revenue and, potentially, its market perception.

Company Overview

Atishay Limited operates in the IT services sector, providing a range of technology solutions. The company's ability to secure substantial orders like this one demonstrates its competitive position in the market and its capacity to attract valuable contracts.

Financial Implications

While the immediate financial impact of this order on Atishay's bottom line remains to be seen, it is expected to contribute positively to the company's revenue in the coming quarters. Investors and market analysts will likely keep a close eye on how this new business translates into financial performance.

Market Response

As news of this order spreads, it may influence investor sentiment towards Atishay. The stock market's reaction to this development will be an interesting aspect to watch in the coming trading sessions.

Conclusion

Atishay's success in securing this ₹12.00 crore order marks a positive development for the company. As more details emerge and the company's future financial reports reflect the impact of this order, stakeholders will gain a clearer picture of its significance for Atishay's growth trajectory.