ITCONS E-Solutions Secures ₹9.46 Crore Contract from Central Institute of Plastics Engineering and Technology

ITCONS E-Solutions Limited has secured a substantial new contract worth ₹9.46 crores from a government entity, marking a significant business development for the IT services company. The contract was awarded by the Central Institute of Plastics Engineering and Technology under the Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers.

Contract Details and Scope

The comprehensive contract details demonstrate the substantial nature of this engagement:

Parameter:	Details
Contract Value:	₹94,58,727.32 (inclusive of all taxes and duties)
Service Type:	Manpower Outsourcing Services
Resources Required:	34 resources
Contract Duration:	One year
Start Date:	January 14, 2026
End Date:	January 13, 2027
Extension Provision:	Possible by mutual agreement

The contract focuses on manpower outsourcing services, requiring the deployment of 34 resources for the government institute. This represents a domestic engagement with a well-established government entity in the chemicals and petrochemicals sector.

Regulatory Compliance and Disclosure

The company announced this development through a formal disclosure to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made on December 30, 2025, ensuring compliance with regulatory requirements for material contract announcements.

Key compliance aspects include:

No promoter or group company interest in the awarding entity
Contract does not fall under related party transactions
Full compliance with SEBI Master Circular requirements
Transparent disclosure of all material terms and conditions

Strategic Significance

The contract represents a notable achievement for ITCONS E-Solutions Limited in the government services sector. The company emphasized that this contract marks a significant milestone and reflects the continued trust placed in them by government agencies. The engagement with the Central Institute of Plastics Engineering and Technology strengthens the company's position in providing specialized manpower solutions to government institutions.

The one-year duration with potential extension provisions indicates the possibility of a longer-term relationship, subject to performance and mutual agreement between the parties. This contract adds to the company's portfolio of government engagements and demonstrates their capability to handle substantial resource deployment requirements.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.32%	+1.06%	-21.87%	-19.89%	-29.82%	+800.91%

ITCONS E-Solutions Limited has secured a substantial contract worth ₹41.54 crores from Hindustan Aeronautics Limited, marking a significant achievement for the IT solutions provider. The contract was awarded by Hindustan Aeronautics Limited under the Department of Defence Production, Ministry of Defence, demonstrating the company's growing presence in the defence sector.

Contract Details and Scope

The comprehensive contract involves the deployment of 75 resources for manpower outsourcing services over a two-year period. The agreement is structured as a domestic contract with Hindustan Aeronautics Limited, a leading aerospace and defence manufacturer in India.

Contract Parameter	Details
Contract Value	₹41,535,187.41
Duration	2 years
Resources Required	75 personnel
Service Type	Manpower Outsourcing Services
Client Type	Domestic entity

Timeline and Implementation

The contract is scheduled to commence on January 1, 2026, and will remain in force until December 31, 2027. The agreement includes provisions for potential extension through mutual consent between both parties, providing flexibility for continued collaboration beyond the initial term.

Financial and Regulatory Aspects

The total contract value of ₹41,535,187.41 includes all applicable taxes and duties, providing clarity on the comprehensive financial scope. The company has confirmed that this contract does not involve any related party transactions and operates at arm's length principles.

Regulatory Aspect	Status
Related Party Transaction	No
Promoter Group Interest	None
Compliance	SEBI Regulation 30
Transaction Nature	Arm's length

Strategic Significance

ITCONS E-Solutions Limited highlighted that this contract represents a significant milestone for the company, reflecting the continued trust placed in them by government agencies. The defence sector contract strengthens the company's portfolio in providing specialized IT and manpower solutions to critical government departments.

Company Background

The announcement was made through a regulatory filing under SEBI Regulation 30, ensuring transparency and compliance with listing obligations. ITCONS E-Solutions Limited operates from its registered office in New Delhi and specializes in providing comprehensive IT solutions and services to various sectors including government and defence.