Icon Facilitators Limited has announced a strategic collaboration with Radiance Power Solutions through a Memorandum of Understanding (MoU) for Integrated Facilities Management Services. The partnership targets consolidated revenue of ₹50 crores during Financial Year 2026-27, focusing on operations in Uttar Pradesh and Uttarakhand.

Partnership Structure and Scope

The collaboration encompasses comprehensive facilities management services including soft services, hard services, technical services, housekeeping, security coordination, manpower supply, and allied facilities services. The MoU was executed on January 15, 2026, at Meerut and carries a validity period of three years.

Company Performance and Capabilities

Icon Facilitators Limited brings established pan-India operational capability with expertise in large-scale IFM contracts, compliance management, audits, process governance, client acquisition, and contract administration. Radiance Power Solutions contributes strong regional presence with specialized capabilities in manpower mobilization and local statutory compliance.

Roles and Revenue Sharing

Under the partnership framework, Icon Facilitators will lead business development, client acquisition, key account management, overall contract governance, commercial structuring, and brand representation. Radiance Power Solutions will handle deployment and management of manpower, site-level operations, local statutory compliance, and operational execution as per agreed Service Level Agreements.

Revenue sharing will be determined on a project-to-project basis depending on scope, manpower requirements, risk allocation, and client specifications. The arrangement will be documented through written addendums or work orders for each engagement.

Agreement Terms and Conditions

The MoU includes provisions for confidentiality of commercial, technical, financial, and client-related information. The agreement maintains non-exclusive nature, allowing both parties to engage in similar business activities with other entities provided they do not conflict with collaboration interests. Either party may terminate the agreement with 90 days prior written notice, though obligations accrued prior to termination will survive.

Dispute resolution will follow arbitration procedures under the Arbitration and Conciliation Act, 1996, with New Delhi as the seat of arbitration. The agreement is governed by Indian laws with courts at Meerut having jurisdiction.

Source:

Promoter Dinesh Makhija has increased his shareholding in icon facilitators through an open market acquisition, according to a regulatory filing made with BSE Limited on January 9, 2026. The transaction involved the purchase of 3,600 equity shares on January 8, 2026, under the provisions of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The acquisition represents a modest increase in Makhija's stake in the company. The following table summarizes the key transaction parameters:

Shareholding Changes

The acquisition resulted in a marginal increase in Makhija's voting rights in Icon Facilitators Limited. The shareholding comparison before and after the transaction is detailed below:

Company Capital Structure

Icon Facilitators Limited maintains a stable equity capital structure. The company's share capital details are as follows:

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Makhija, identified as a promoter of the company, submitted the required documentation to BSE Limited, including detailed acquisition particulars and updated shareholding information. The filing confirms that no encumbrances, voting rights other than shares, or convertible securities were involved in this transaction.