Meta infotech Limited has announced securing a substantial order worth Rs. 2.58 crores from one of India's leading stock exchanges. The company disclosed this development through a regulatory filing dated February 19, 2026, in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Order Details and Specifications

The contract involves software subscription services for a domestic stock exchange entity. The comprehensive order details are structured as follows:

Contract Terms and Structure

The agreement represents a significant commitment structure with specific terms designed for long-term engagement. The contract includes a three-year commitment framework with annual renewal provisions, providing stability for both parties involved.

Key contract characteristics include:

• Service Type: Software subscription services
• Geographic Scope: Domestic operations
• Renewal Structure: Annual renewal within three-year commitment
• Business Classification: Ordinary course of business

Regulatory Compliance and Disclosure

Meta Infotech Limited has fulfilled all regulatory requirements under SEBI regulations for this announcement. The company confirmed that no promoter, promoter group, or group companies have any interest in the entity that awarded the order. Additionally, the contract does not fall within related party transaction categories.

Business Impact and Operations

This order reinforces Meta Infotech Limited's position in providing technology solutions to India's financial market infrastructure. The software subscription model ensures recurring revenue streams and demonstrates the company's capability to serve critical financial institutions.

The 90-day execution timeline indicates the company's readiness to deploy solutions efficiently while maintaining service quality standards expected by leading financial market participants.

Meta Infotech Limited's Board of Directors concluded its meeting on January 22, 2026, approving key strategic decisions that signal the company's focus on organizational restructuring and employee incentivization. The meeting, held pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, addressed significant changes in leadership roles and corporate governance framework.

Leadership Restructuring and Strategic Focus

The board approved the designation change of Mr. Ambrish Deshpande from Chief Operating Officer (COO) to Chief Operating Officer/Chief Revenue Officer (COO/CRO), effective January 22, 2026. This decision was based on the recommendation of the Nomination & Remuneration Committee and aligns with the company's evolving organizational structure and strategic focus on revenue growth.

Mr. Deshpande brings extensive experience to his expanded role, with over 31 years of leadership experience including more than 25 years in cybersecurity. He has established several cybersecurity organizations in India as Managing Director and held global leadership positions for over 10 years across Singapore and the USA.

Articles of Association Amendment for ESOP Implementation

The board approved significant alterations to the company's Articles of Association (AOA) to incorporate Employee Stock Option Plan (ESOP) provisions. The amendment involves inserting Clause 41 related to ESOP provisions after existing Clause 40, with subsequent clauses being renumbered accordingly.

The new ESOP framework will operate under the following structure:

• Subject to Section 62(1)(b) of the Companies Act, 2013
• Compliance with Rule 12 of the Companies (Share Capital and Debentures) Rules, 2014
• Requires shareholder approval through special resolution
• Authorizes Board or Committee to grant, vest, exercise and allot equity shares
• Covers eligible employees and directors of the company, holding, subsidiary or associate companies

Corporate Advisory Appointment

The board also approved the appointment of M/s. GYR Capital Advisors Private Limited, a SEBI-registered merchant banker, to support the company's strategic initiatives.

Shareholder Approval Process

The AOA alterations are subject to shareholder approval, with the board authorized to seek this approval through postal ballot or Extraordinary General Meeting as required. This approach ensures proper governance procedures while maintaining flexibility in the approval process.

These strategic decisions demonstrate Meta Infotech's commitment to strengthening its leadership structure, implementing employee incentive programs, and ensuring robust corporate governance frameworks to support future growth initiatives.