ITCONS E-Solutions Ltd has secured a significant new contract from Indian Railways, marking another milestone in the company's government sector engagements. The IT solutions provider disclosed the contract details under SEBI Regulation 30 requirements on February 18, 2026.

Contract Overview

The company has been awarded a manpower outsourcing services contract by Indian Railways' Southern Railway division, Ministry of Railways. The agreement involves the deployment of 6 resources over a one-year period.

Financial and Operational Impact

The total contract value stands at ₹1943307.67, representing approximately ₹19.43 lakh inclusive of all taxes and duties. This domestic contract strengthens the company's position in the government services sector and demonstrates its capability to secure recurring business from major public sector entities.

Contract Terms and Conditions

The agreement is structured as a standard manpower outsourcing arrangement with clear operational parameters:

• Service Scope: Deployment of 6 dedicated resources
• Contract Period: Fixed one-year term with potential for extension
• Extension Provision: May be extended by mutual agreement between parties
• Nature: Domestic contract with a government entity

Regulatory Compliance

The company confirmed that this contract does not involve any related party transactions and was awarded at arm's length. Additionally, the promoter group has no interest in the contracting entity, ensuring complete transparency in the business arrangement.

Strategic Significance

ITCONS E-Solutions highlighted that this contract represents a significant milestone for the organization. The company emphasized that the award reflects the continued trust placed in them by government agencies, potentially opening doors for similar future opportunities in the public sector domain.

ITCONS E-Solutions Ltd has received a Letter of Intent from Bharat Petroleum Corporation Limited (BPCL), a Government of India Enterprise, Southern Region, for providing comprehensive manpower services. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Specifications

The Letter of Intent outlines the key parameters for the manpower services engagement:

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing BSE Limited about this significant contract award. The Letter of Intent commenced on February 3, 2026, and will remain in force until February 2, 2028, unless extended further by mutual agreement between the parties.

As per SEBI regulations, ITCONS E-Solutions confirmed that neither the promoter, promoter group, nor group companies have any interest in BPCL. The contract does not fall within related party transactions, ensuring arm's length dealing.

Business Impact

This Letter of Intent represents a significant milestone for ITCONS E-Solutions Ltd, reflecting continued trust from Government agencies in the company's service capabilities. The two-year contract duration provides revenue visibility and strengthens the company's position in the oil and gas sector.

The partnership with Bharat Petroleum Corporation Limited, a major public sector enterprise, demonstrates ITCONS E-Solutions' ability to serve large-scale government organizations. The company has indicated it will update the stock exchange regarding the execution of the formal agreement in due course.