SBC Exports Limited has announced a significant development in its business operations. The company has been awarded a work order worth ₹53.46 lakh by the Ministry of Electronics and Information Technology through the National Informatics Centre Services Inc. (NICSI) for providing manpower supply services.

Contract Details

The contract, awarded on September 16, 2025, is set to run for a period of six months. Under this agreement, SBC Exports will be responsible for supplying personnel for NICSI/NIC internal requirements and projects. The company disclosed this information in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Implications

The total value of the contract is ₹53.46 lakh (Fifty-Three Lakh Forty-Six Thousand Two Hundred Eighteen Rupees only). SBC Exports will receive monthly payments based on the actual duration of support services rendered at NICSI/User Office.

Key Terms and Conditions

• Payment Structure: The company will be paid on a monthly basis, depending on the actual duration of support services provided.
• Employee Welfare: SBC Exports is required to regularly pay the deployed manpower their entitlements, including monthly salaries, wages, annual increments, EPF, ESI, bonus, medical insurance, and accidental insurance.
• Compliance: The company must submit proof of payments to employees along with vendor invoices for the processing of bills.
• Security Deposit: The empanelment allows for converting the earnest money deposit into a security deposit for the empanelment period plus three months.

Corporate Governance

SBC Exports has confirmed that this contract does not involve any related party transactions. Additionally, the company stated that none of its promoters, promoter group, or group companies have any interest in NICSI or the Ministry of Electronics and Information Technology.

Market Impact

This contract represents a positive development for SBC Exports, potentially boosting its revenue and strengthening its position in the manpower supply sector. The agreement with a government entity may also enhance the company's credibility in the market.

SBC Exports Limited has announced a significant business development, securing a substantial manpower supply contract from the Institute of Company Secretaries of India (ICSI). The contract, valued at ₹6.00 crore, spans a two-year period and marks a notable achievement for the company in the professional services sector.

Contract Details

The work order, awarded by ICSI, New Delhi, outlines several key aspects of the agreement:

• Duration: The contract is initially set for two years, commencing from September 1, 2025, with the possibility of extension based on performance reviews conducted every three months.
• Scope: SBC Exports will be responsible for providing manpower supply services to ICSI, a prestigious professional institute in India.
• Value: The contract is valued at ₹6.00 crore (₹60.00 million), representing a significant revenue stream for SBC Exports.

Key Terms and Conditions

The LODR (Listing Obligations and Disclosure Requirements) filing reveals additional important details of the contract:

1. Security Deposit: SBC Exports is required to provide a security deposit of ₹35.00 lakh in the form of a bank guarantee, demand draft, or bank cheque.
2. Manpower Requirements: The company will deploy trained, qualified, and experienced personnel as per ICSI's needs across India.
3. Tax Responsibilities: SBC Exports will be responsible for all taxes, duties, and other charges related to the services provided.
4. Arbitration Clause: In case of disputes, the contract includes provisions for arbitration to ensure fair resolution.

Impact and Outlook

This contract represents a significant opportunity for SBC Exports to strengthen its position in the manpower supply sector. The association with a reputable institution like ICSI could potentially lead to enhanced credibility and future business prospects for the company.

The agreement also demonstrates SBC Exports' capability to secure large-scale contracts in the professional services domain, which may be viewed positively by investors and stakeholders.

Note: The information in this article is based on the company's regulatory filing and does not constitute financial advice or forward-looking statements.