Krystal Integrated Services Limited has secured a major municipal solid waste management contract from Vasai Virar City Municipal Corporation, valued at approximately ₹111 crores excluding all duties and taxes. The comprehensive 5-year agreement positions the company to expand its waste management operations significantly in the region.

Contract Details and Scope

The work order, numbered V.V.S.M. GN/1986/2026 and dated January 09, 2026, was received by the company on January 12, 2026. The contract encompasses comprehensive waste management services for Prabhag "F" area, including door-to-door collection, segregation, and transportation of municipal solid waste, along with street cleaning services.

Service Specifications

The contract requires Krystal Integrated Services to provide comprehensive solid waste management services in compliance with Solid Waste Management Rules 2016. The scope includes systematic door-to-door waste collection, proper segregation of waste materials, and transportation to designated locations as specified by the municipal corporation.

The street cleaning component adds another dimension to the contract, requiring the company to maintain cleanliness standards across the designated area. All services must be delivered in accordance with regulatory requirements and municipal guidelines.

Business Impact and Classification

The contract has been classified as being awarded in the ordinary course of business, indicating alignment with Krystal Integrated Services' core operational focus. The domestic nature of the contract reinforces the company's position in the Indian waste management sector.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI Listing Regulations, providing comprehensive details about the contract terms and conditions. The announcement confirms that neither promoters nor group companies have any interest in the awarding entity, and the contract does not constitute a related party transaction.

This significant contract award demonstrates Krystal Integrated Services' capability to secure substantial municipal contracts and expands its operational footprint in the waste management sector across Maharashtra.

Krystal Integrated Services Limited has secured a major municipal solid waste management contract from Vasai Virar City Municipal Corporation, marking a significant business development for the company. The work order, received on January 12, 2026, represents a substantial opportunity in the growing waste management sector.

Contract Details and Scope

The comprehensive waste management contract encompasses multiple service components designed to ensure effective municipal solid waste handling. The company will be responsible for door-to-door collection, segregation, and transportation of municipal solid waste, along with street cleaning services and transportation to designated locations.

Service Specifications

The contract operates under the Solid Waste Management Rules 2016, ensuring compliance with current environmental regulations. The services are structured to provide comprehensive waste management solutions for the designated municipal area. Key service components include:

• Door-to-door municipal solid waste collection
• Waste segregation at source
• Transportation of collected waste
• Street cleaning and maintenance
• Transportation to designated disposal locations

Business Impact and Compliance

The contract represents a domestic engagement with no related party transactions involved. The company confirmed that promoters, promoter groups, or group companies have no interest in the awarding entity, ensuring arm's length transaction principles.

Regulatory Disclosure

The company disclosed this development under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The announcement was made in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring transparent communication with stakeholders and regulatory authorities.

This contract award strengthens the company's position in the municipal services sector and demonstrates its capability to handle large-scale waste management operations. The 5-year duration provides revenue visibility and operational stability for the company's waste management division.