Infinity Infoway Limited has secured a substantial government contract worth ₹10.97 crore from the Knowledge Consortium of Gujarat, marking a significant milestone for the technology services company. The contract was awarded under the Education Department, Government of Gujarat, and represents a major business development that exceeds 10% of the company's latest audited turnover.

Contract Overview and Financial Impact

The agreement, signed on February 25, 2026, encompasses AI-based data analytics and business intelligence services with a contract tenure of 5 years. The company disclosed this development under Regulation 30 of SEBI (LODR) Regulations, 2015, emphasizing its material nature for stakeholders.

Scope of Work and Technical Specifications

The comprehensive contract involves multiple technical components designed to enhance data analytics capabilities for the Gujarat Education Department. The scope encompasses design, development, implementation, testing, operations and maintenance of AI-based data analytics services (Version 2).

Key deliverables include:

• Establishment of Big Data Analytics platform
• Self-Service Business Intelligence (BI) framework development
• Data Repository creation and management
• API integration services
• Dashboard development and reporting solutions
• Implementation at buyer's premises

Business Classification and Compliance

Infinity Infoway Limited has classified this contract as being awarded in the ordinary course of business, aligning with the company's existing operational framework. The agreement does not involve any related party transactions and has been executed at arm's length with the government entity.

Corporate Governance and Disclosure

The company has evaluated the agreement in accordance with its Policy on Determination of Materiality and SEBI LODR Regulations. While the contract falls under ordinary business operations and does not mandate disclosure under Clause A of Schedule III, Infinity Infoway Limited has chosen to disclose this information in the interest of transparency and good corporate governance practices.

The disclosure was signed by Bhaveshkumar Dhirajlal Gadhetriya, Managing Director, demonstrating the company's commitment to maintaining transparent communication with stakeholders and regulatory compliance.

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.

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:

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.