ITCONS E-Solutions Limited , a provider of IT and manpower services, has announced significant milestones in its business operations. The company has secured two contracts from government agencies, further solidifying its position in the public sector.

Spices Board Contract

ITCONS E-Solutions 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

• Value: INR 64.75 lakh (INR 64,75,303.63)
• Duration: One year (October 1, 2025 to September 30, 2026)

Centre for Development of Telematics Contract

In addition, ITCONS E-Solutions Limited has been awarded another contract by the Centre for Development of Telematics, Ministry of Communications, Bangalore.

Contract Details

• Value: INR 30,59,653.50
• Duration: One year (January 1, 2026 to December 31, 2026)
• Scope: Provide 10 resources for manpower outsourcing services

Significance of the Contracts

These new contracts represent notable achievements for ITCONS E-Solutions, highlighting the company's growing presence in the government sector. The contracts reflect the continued trust placed in them by government agencies, underscoring their capability to deliver quality manpower services.

Key Points of the Agreements

Company Disclosure

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

These contract wins come as positive developments for ITCONS E-Solutions, potentially strengthening its position in the government services sector and contributing to its revenue stream for the fiscal years 2025-2026 and 2026-2027.

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.