Krystal Integrated Services Secures ₹83 Crore Municipal Waste Management Contract from Vasai Virar Corporation

1 min read     Updated on 12 Jan 2026, 12:28 PM
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Overview

Krystal Integrated Services Limited has been awarded a ₹83.00 crore municipal solid waste management contract by Vasai Virar City Municipal Corporation for a 5-year period. The comprehensive contract covers door-to-door waste collection, segregation, transportation, and street cleaning services for Prabhag "C" in compliance with Solid Waste Management Rules 2016. The work order was issued on January 09, 2026, and represents a significant business opportunity in the domestic waste management sector with no related party involvement.

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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.

Parameter: Details
Contract Value: ₹83.00 crores (excluding duties and taxes)
Contract Duration: 5 years
Work Order Number: V.V.S.M.GN/1985/2026
Issue Date: January 09, 2026
Receipt Date: January 12, 2026
Service Area: Prabhag "C"

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.

Compliance Aspect: Status
Entity Type: Domestic
Related Party Transaction: No
Promoter Interest: No
Business Nature: Ordinary course
Regulatory Compliance: Solid Waste Management Rules 2016

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.

Historical Stock Returns for Krystal Integrated Services

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Krystal Integrated Services Limited Updates Key Managerial Personnel Contact Details for Regulatory Compliance

1 min read     Updated on 02 Jan 2026, 02:55 PM
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Reviewed by
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Overview

Krystal Integrated Services Limited disclosed updated contact details for Key Managerial Personnel to BSE and NSE on January 02, 2026, effective January 03, 2026. The disclosure identifies four key personnel authorized for regulatory disclosures under SEBI Listing Regulations, including CEO Mr. Sanjay Suryakant Dighe, Whole-time Director Mr. Shubham Prasad Lad, CFO Mr. Barun Dey, and Company Secretary Mr. Manishkumar Sangani.

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Krystal Integrated Services Limited has submitted updated contact details for its Key Managerial Personnel to the Bombay Stock Exchange and National Stock Exchange of India Limited. The disclosure, made on January 02, 2026, ensures compliance with Regulation 30(5) of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Compliance Framework

The company has designated specific Key Managerial Personnel who have been authorized by the Board of Directors for determining materiality of events or information under Regulation 30 and Schedule III of SEBI Listing Regulations. These personnel are responsible for making necessary disclosures to stock exchanges, with the updated contact arrangements becoming effective from January 03, 2026.

Key Managerial Personnel Details

The company has identified four key personnel for regulatory disclosure purposes:

Sr. No. Name Designation Contact Information
1 Mr. Sanjay Suryakant Dighe CEO & Whole-time Director +91 22 43531234 / +91 22 47471234
2 Mr. Shubham Prasad Lad Whole-time Director -
3 Mr. Barun Dey Chief Financial Officer company.secretary@krystal-group.com
4 Mr. Manishkumar Sangani Company Secretary & Compliance Officer -

Corporate Communication Structure

The disclosure was communicated to both major stock exchanges where the company is listed. The communication was addressed to BSE Limited's Department of Corporate Services at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, referencing scrip code 544149. Similarly, the National Stock Exchange of India Limited at Bandra-Kurla Complex received the notification with reference to scrip symbol KRYSTAL.

Documentation and Authorization

The regulatory filing was digitally signed by Mr. Shubham Prasad Lad, Whole-time Director with DIN 07557584, on January 02, 2026. The document reference number KISL/CS/SE/83/2025-26 was assigned to this disclosure for official records and tracking purposes.

Historical Stock Returns for Krystal Integrated Services

1 Day5 Days1 Month6 Months1 Year5 Years
-0.73%+18.02%+14.91%-3.06%-10.04%-13.12%
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