Atishay Limited has secured a strategic empanelment from Bharat Sanchar Nigam Limited (BSNL) as Circle Level System Integrator in the MP Telecom Circle. The company announced this development through a regulatory filing dated March 03, 2026, pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Empanelment Details

The empanelment positions Atishay Limited as an authorized partner for BSNL's telecom operations in the Madhya Pradesh circle. The company's role encompasses multiple technical and commercial responsibilities within the telecom infrastructure domain.

Scope of Services

Under this empanelment, Atishay Limited will undertake comprehensive telecom service operations. The company's responsibilities include:

• Marketing and selling of BSNL Data Services to customers within the MP Telecom Circle
• Supply, configuration, and integration of customer end equipment
• Maintenance services for deployed networking infrastructure
• Implementation of LAN/WAN infrastructure solutions for BSNL data service customers

The empanelment enables the company to serve as a bridge between BSNL's data services portfolio and end customers, providing both technical implementation and ongoing support services.

Business Impact and Outlook

Atishay Limited has indicated that while this empanelment does not carry immediate material financial impact, it represents a significant opportunity for future business expansion. The company expects the partnership to enhance its presence in the telecom and data services segment, potentially opening new revenue streams in the growing digital infrastructure market.

The empanelment reflects BSNL's confidence in Atishay Limited's technical capabilities and service delivery standards. As a Circle Level System Integrator, the company gains access to BSNL's customer base and can leverage the state-owned telecom operator's market presence in Madhya Pradesh.

Regulatory Compliance

The announcement was made as part of the company's commitment to transparency and stakeholder communication. Atishay Limited emphasized that this disclosure serves as a general business update to keep investors and stakeholders informed about significant operational developments, even when immediate financial impact may be limited.

Atishay Limited has successfully completed the allotment of 50,250 equity shares to its eligible employees under the Employee Stock Option Plan 2020 (AL-ESOP 2020). The Nomination and Remuneration Committee of the Board of Directors approved this allotment on February 25, 2026, marking a significant milestone in the company's employee incentive program.

Share Allotment Details

The allotment comprises 50,250 fully paid-up equity shares with a face value of Rs. 10 per share. The exercise price was set at Rs. 10 per share with no premium, resulting in total proceeds of Rs. 5,02,500 for the company.

Impact on Share Capital

Following this allotment, Atishay Limited's capital structure has been enhanced significantly. The company's issued and paid-up equity share capital now stands at Rs. 11,03,15,830, divided into 1,10,31,583 equity shares of Rs. 10 face value each.

ESOP Scheme Overview

The AL-ESOP 2020 scheme originally granted 250500 stock options to eligible employees. The scheme operates under the regulatory framework of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, ensuring compliance with all applicable guidelines.

Regulatory Compliance

The company has obtained necessary regulatory approvals for the ESOP scheme. BSE Limited provided in-principle approval through reference number DCS/FL/PB/ESOP-IP/1073/2020-21 dated March 8, 2021. The newly issued shares rank pari-passu with existing equity shares and carry identical rights and privileges.

The vesting of options commences after two to three years from the grant date, with all vested options required to be exercised within three years of their respective vesting dates. This structure ensures long-term employee retention while aligning their interests with company performance.