Atishay Limited , a company known for its presence in the digital financial infrastructure sector, has recently secured a significant work order from Hanumangarh Kendriya Sahakari Bank Ltd. (HKSB) in Rajasthan. This development marks a notable step in the company's efforts to strengthen its foothold in the rural banking and agricultural cooperative ecosystem.

Work Order Details

The work order, valued at ₹93,10,700, encompasses a comprehensive range of services related to Micro ATMs. Atishay Limited is tasked with the supply, installation, commissioning, and maintenance of these devices for Primary Agricultural Credit Societies (PACS) and DUSS in the Hanumangarh region.

Strategic Implications

This contract is significant for Atishay Limited as it reinforces the company's commitment to enhancing digital financial infrastructure across rural India. By providing Micro ATM services to agricultural credit societies, Atishay is contributing to the broader goal of financial inclusion in rural areas.

The timely execution of this project, with a 30-day completion timeline, will be crucial for Atishay Limited. Successful implementation could potentially open doors for similar projects in other rural regions, further solidifying the company's position in this niche market.

Regulatory Compliance

In adherence to regulatory requirements, Atishay Limited has duly informed the stock exchanges about this development. The company has filed the necessary disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As per the LODR filing, the company has confirmed that this order does not fall under related party transactions, and neither the promoters nor any group companies have any interest in the awarding entity, HKSB.

Conclusion

This new work order represents a positive development for Atishay Limited, potentially enhancing its revenue stream and market presence in the rural banking sector. Investors and market watchers may want to keep an eye on the execution of this project and its potential impact on the company's future growth trajectory in the digital financial services space.

Atishay Limited , a company with a strong track record in e-Governance service delivery, has been awarded a Letter of Acceptance (LOA) from RajCOMP Info Services Ltd. (RISL), a Government of Rajasthan undertaking, to act as a Local Service Provider (LSP) for e-Mitra kiosks across three major divisions in the state.

Contract Details

Scope of Work

As per the LOA, Atishay Limited will be responsible for:

1. Setting up and managing e-Mitra kiosks across the allotted districts
2. Deploying manpower
3. Providing operational and technical support
4. Conducting kiosk training
5. Ensuring compliance with RISL guidelines
6. Monitoring service delivery
7. Implementing initiatives to enhance transaction volumes

Strategic Importance

This engagement significantly strengthens Atishay Limited's footprint in the e-Governance domain. The company's existing kiosk network, operational expertise, and established presence in Rajasthan position it well for future expansion.

Financial Impact

While the contract does not specify a fixed value, it presents a substantial growth opportunity for Atishay Limited. The company's revenue from this project will be directly tied to the number of transactions processed through the e-Mitra kiosks, potentially leading to an increase in earnings over the 5-year contract period.

Conclusion

This contract marks a notable expansion of Atishay Limited's e-governance services in Rajasthan. By covering 17 districts across three major divisions, the company has secured a position to capitalize on the demand for digital government services. The success of this venture will largely depend on Atishay's ability to efficiently manage the kiosks and drive transaction volumes across the allocated regions.