Krystal Integrated Services Limited has announced securing a major municipal solid waste management contract worth approximately ₹81 crores from Vasai Virar City Municipal Corporation. The 5-year contract represents a significant business development for the company in the waste management sector.

Contract Details and Scope

The work order, numbered V.V.S.M. GN /1987/2026 and dated January 09, 2026, was received by the company on January 12, 2026. The comprehensive contract covers multiple waste management services for Prabhag "G" area.

Service Components

The contract encompasses a wide range of municipal solid waste management services designed to ensure comprehensive waste handling and environmental compliance. The services include:

• Door-to-door collection of municipal solid waste
• Segregation of collected waste materials
• Transportation of waste to designated locations
• Street cleaning operations
• Compliance with Solid Waste Management Rules 2016

Business and Regulatory Context

The contract has been awarded as part of the company's ordinary course of business operations. The waste management services align with India's regulatory framework under the Solid Waste Management Rules 2016, ensuring environmental compliance and sustainable waste handling practices.

Corporate Disclosure

Krystal Integrated Services Limited made this announcement under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The disclosure 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 contract award strengthens the company's position in the municipal waste management sector and demonstrates its capability to handle large-scale, long-term municipal service contracts.

Krystal Integrated Services has secured a major contract worth ₹81 crores from the Vasai Virar City Municipal Corporation for comprehensive solid waste management services. The contract represents a significant business development for the company and spans a five-year operational period.

Contract Details

The awarded contract encompasses comprehensive solid waste management services for the Vasai Virar City Municipal Corporation. The following table summarizes the key contract parameters:

Strategic Significance

This contract award represents a substantial addition to Krystal Integrated Services' portfolio in the municipal services sector. The five-year duration provides the company with long-term revenue visibility and operational stability in the waste management segment.

The Vasai Virar region, being a rapidly developing urban area in Maharashtra, presents significant opportunities for comprehensive waste management solutions. The contract positions the company to leverage its expertise in municipal infrastructure services while contributing to urban sanitation and environmental management.

Business Impact

The ₹81 crore contract value represents a meaningful business win for Krystal Integrated Services, demonstrating the company's competitive capabilities in securing large-scale municipal contracts. The multi-year nature of the agreement provides sustained business operations and revenue generation opportunities over the contract period.

This development strengthens the company's presence in the municipal services market and showcases its ability to handle comprehensive waste management operations for urban local bodies.