ITCONS E-Solutions has announced securing a significant manpower outsourcing contract worth INR 26195269.14 from Hindustan Aeronautics Limited (HAL), Department of Defence Production, Ministry of Defence. The company disclosed this major contract win under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking a substantial business development for the aerospace services provider.

Contract Specifications

The comprehensive agreement involves the deployment of 43 specialized resources across HAL's operations for a two-year period. The contract represents a significant addition to ITCONS E-Solutions' order book, providing substantial revenue visibility through 2028.

Strategic Partnership Details

The contract encompasses manpower outsourcing services for Hindustan Aeronautics Limited, one of India's premier aerospace and defense manufacturers under the Ministry of Defence. The agreement is structured as a domestic contract with comprehensive terms covering all taxes and duties within the total contract value.

The deployment of 43 resources demonstrates the scale of human resource requirements for HAL's operations, positioning ITCONS E-Solutions as a key service provider in the defense aerospace sector. The contract includes provisions for potential extension through mutual agreement between the parties.

Regulatory Compliance and Disclosure

ITCONS E-Solutions has confirmed that the contract does not involve any related party transactions and has been executed at arm's length. The company has verified that neither the promoter, promoter group, nor group companies have any interest in the contracting entity, ensuring complete transparency in the business arrangement.

The contract award reflects the continued trust placed in ITCONS E-Solutions by government agencies and represents a significant milestone in the company's growth trajectory within the defense and aerospace services sector.

Business Impact

The INR 26195269.14 contract value provides substantial revenue visibility for ITCONS E-Solutions over the two-year execution period. This engagement allows the company to strengthen its position in the aerospace and defense human resource management space while building long-term relationships with critical industry stakeholders.

The contract commencement date of March 3, 2026, provides adequate preparation time for resource allocation and operational planning, ensuring seamless service delivery to meet HAL's operational requirements.

ITCONS E-Solutions Ltd has secured a new contract worth INR 43.14 lakh from Uranium Corporation of India Limited, marking another significant achievement for the IT solutions provider. The company announced this development through a regulatory filing under SEBI Regulation 30, emphasizing the contract as a notable milestone that demonstrates continued confidence from government agencies.

Contract Details and Scope

The manpower outsourcing services contract involves the deployment of 10 resources for Uranium Corporation of India Limited, Department of Atomic Energy, PMO. The agreement spans one year, with operations scheduled to begin on February 26, 2026, and conclude on February 25, 2027, unless extended through mutual agreement between the parties.

Regulatory Compliance and Disclosure

The contract announcement was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically under Regulation 30. The company provided comprehensive details as required under SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Key regulatory aspects of the contract include:

• Domestic Entity: The contract has been awarded by a domestic government entity
• No Related Party Transactions: The agreement does not fall within related party transactions
• No Promoter Interest: Promoters and group companies have no interest in the awarding entity
• Arms Length Transaction: The contract terms are conducted at arms length

Strategic Significance

This contract represents ITCONS E-Solutions Ltd's continued engagement with government agencies and public sector undertakings. The company highlighted that this agreement reflects the sustained trust placed in them by government organizations, reinforcing their position in the manpower outsourcing services sector.

The one-year contract duration provides revenue visibility for the company, with the total contract value of INR 4314220.86 contributing to the company's order book. The engagement with Uranium Corporation of India Limited, a key entity under the Department of Atomic Energy, demonstrates the company's capability to serve critical government infrastructure projects.

Company Information

ITCONS E-Solutions Ltd, formerly known as ITCONS E-Solutions Private Limited, is listed on the BSE SME Exchange under the symbol ITCONS with scrip code 543806. The company operates from its registered office in New Delhi and maintains operational facilities in Noida, Uttar Pradesh, focusing on IT solutions and manpower outsourcing services for various government and private sector clients.