ITCONS E-Solutions Limited , a provider of IT and manpower services, has announced a significant milestone in its business operations. The company has secured a contract from the Spices Board, a government agency under the Department of Commerce, Ministry of Commerce and Industry, to provide manpower services.

Contract Details

The contract, valued at INR 64.75 lakh (INR 64,75,303.63), is set to run for a period of one year. According to the company's disclosure to the BSE, the service period is scheduled to commence on October 1, 2025, and will continue until September 30, 2026.

Significance of the Contract

This new contract represents a notable achievement for ITCONS E-Solutions, highlighting the company's growing presence in the government sector. The company stated that this contract reflects the continued trust placed in them by government agencies, underscoring their capability to deliver quality manpower services.

Key Points of the Agreement

Company Disclosure

In compliance with SEBI regulations, ITCONS E-Solutions has confirmed that the contract does not involve any related party transactions. Additionally, the company clarified that neither the promoter group nor any group companies have any interest in the Spices Board, the entity awarding the contract.

This contract win comes as a positive development for ITCONS E-Solutions, potentially strengthening its position in the government services sector and contributing to its revenue stream for the fiscal year 2025-2026.

ITCONS E-Solutions Limited , a domestic entity listed on the BSE (Scrip Code: 543806), has announced a significant contract win from the Department of Telecommunications, Ministry of Communications, Central Government. The company disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details

The contract, valued at INR 49.75 lakh, involves the deployment of 14 resources for unskilled work. Key aspects of the contract include:

• Duration: One year, from September 1, 2025, to August 31, 2026
• Scope: Supply of Manpower Services
• Value: INR 49,74,588.64, inclusive of all applicable taxes

Significance and Implications

This contract win represents a notable achievement for ITCONS E-Solutions Limited, showcasing its ability to secure government contracts in the competitive manpower services sector. The agreement with a central government department may potentially open doors for future collaborations and enhance the company's credibility in the market.

Corporate Governance and Transparency

In line with SEBI regulations, ITCONS E-Solutions has promptly disclosed the contract details to the BSE. The company has confirmed that:

• The contract is awarded to a domestic entity
• There is no interest from promoter/promoter group/group companies in the awarded contract
• The transaction does not fall under related party transactions

Market Impact

While the contract value of INR 49.75 lakh may not significantly impact the company's overall financial position, it demonstrates ITCONS E-Solutions' capability to win government contracts. Investors and market analysts may view this as a positive indicator of the company's business development efforts and its standing in the manpower services industry.

As the contract is set to commence on September 1, 2025, stakeholders will likely monitor its execution and any potential for similar or larger contracts in the future. The successful fulfillment of this contract could position ITCONS E-Solutions favorably for additional government projects in the coming years.