News Orders & Deals Infinity Infoway Limited Secures ₹1.45 Crore Annual Education Software Contract with Barkatullah VishwavidyalayaInfinity Infoway Limited Secures ₹1.45 Crore Annual Education Software Contract with Barkatullah Vishwavidyalaya
Infinity Infoway Limited has secured a 5-year education software service agreement with Barkatullah Vishwavidyalaya Bhopal worth ₹1.45 crores annually. The contract covers software management and processing of examination activities and represents around 10% of the company's latest audited turnover. While the company determined this does not qualify as a material event under SEBI regulations, it made a voluntary disclosure for transparency purposes.
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Infinity Infoway Limited has secured a substantial education software service agreement with Barkatullah Vishwavidyalaya Bhopal, Madhya Pradesh, marking a significant business development for the technology solutions provider. The contract, valued at approximately ₹1.45 crores per year, represents around 10% of the company's latest audited turnover.
Contract Overview
The education software service agreement was executed on February 2, 2026, establishing a partnership between Infinity Infoway Limited and the state government-funded public university. The comprehensive contract spans multiple aspects of examination management and administrative processes.
| Parameter | Details |
|---|---|
| Client | Barkatullah Vishwavidyalaya Bhopal, Madhya Pradesh |
| Contract Value | Approximately ₹1.45 crores per year |
| Contract Duration | 5 years (conditionally extendable) |
| Turnover Representation | Around 10% of latest audited turnover |
| Agreement Date | February 2, 2026 |
| Consideration Structure | Fixed price + Per student per year price |
Scope of Services
The agreement encompasses software management and processing of pre and post examination activities, including the printing of marksheets. This comprehensive service offering aligns with Infinity Infoway's expertise in ERP and CRM solutions, business analytics, and software development capabilities.
Barkatullah Vishwavidyalaya, established under the laws of Madhya Pradesh and recognized by the University Grants Commission (UGC), will benefit from Infinity Infoway's technology solutions to streamline its examination processes and administrative functions.
Regulatory Compliance and Materiality Assessment
Infinity Infoway has conducted a thorough evaluation of the agreement in accordance with its Policy on Determination of Materiality and SEBI LODR Regulations. The company's assessment revealed several key findings:
| Assessment Criteria | Conclusion |
|---|---|
| Business Nature | Ordinary course of business |
| Character Change | No change in general business character |
| Schedule III Clause A | Not applicable (mandatory disclosures) |
| Schedule III Clause B | Not applicable (ordinary course contracts) |
| Material Impact | No material financial or strategic impact expected |
| Party Relationship | No relation or association between parties |
Voluntary Disclosure Decision
Despite the company's determination that the agreement does not qualify as a material event under Regulation 30 of SEBI LODR, Infinity Infoway has opted for voluntary disclosure. This decision reflects the company's commitment to transparency and shareholder awareness, particularly given that the contract value represents a significant portion of the company's turnover.
The agreement falls within the ordinary course of business and does not result in any change to the general character or nature of the company's operations. All terms and obligations are structured according to the executed ERP Software Service Agreement framework, ensuring consistency with the company's established business practices.
Historical Stock Returns for Infinity Infoway
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.35% | +2.25% | -1.35% | +28.57% | +28.57% | +28.57% |
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