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.

SBC Exports Limited , a company listed on both the National Stock Exchange and BSE, has announced significant changes in its leadership and auditing structure following a board meeting held on August 28, 2025. The company has made key appointments and a notable change in directorship, signaling a strategic move to strengthen its corporate governance and operational efficiency.

New Auditor Appointments

The board of directors has approved the appointment of two crucial auditing roles:

Cost Auditor

M/s Durga Prasad & Associate has been appointed as the Cost Auditor for the financial year 2025-26. The firm, registered under the Institute of Cost and Works Accounts of India, will be remunerated with INR 60,000 plus applicable taxes and reimbursement of out-of-pocket expenses. Led by Managing Partner Mr. Durga Prasad, the firm brings extensive experience in various financial services, including GST compliance, business structuring, and cost auditing.

Secretarial Auditor

M/s Kumar Mandal & Associates has been appointed as the Secretarial Auditor for a five-year term from 2025-26 to 2029-30. The firm, with ICSI Firm Registration No. S2016DE419800, will receive an annual fee of Rs. 50,000. Known for its expertise in secretarial audits, corporate governance, and regulatory compliance, the firm is expected to enhance SBC Exports' adherence to company law and SEBI regulations.

Leadership Change

In a significant move, the board has approved a change in designation for Mrs. Deepika Gupta:

• Mrs. Gupta's role has been elevated from Executive Director to Whole Time Director for a five-year term, effective from August 28, 2025, to August 27, 2030. This appointment is subject to shareholder approval at the upcoming general meeting.
• Mrs. Gupta, who holds an MBA in Entrepreneurship & Family Business, is responsible for ensuring compliance with operational processes, conducting quality checks, and implementing corrective measures as needed.
• It's worth noting that Mrs. Gupta is the wife of the company's Managing Director, Mr. Govind Ji Gupta, highlighting the family-run nature of the business.

These appointments and changes in directorship reflect SBC Exports' commitment to maintaining strong corporate governance practices and enhancing its operational capabilities. The company's proactive approach in appointing specialized auditors and elevating experienced leadership suggests a focus on transparency and efficiency in its business operations.