NewsStocksVMS TMT Limited Inks One-Year PR and Investor Relations Contract with EquiBridgeX AdvisorsVMS TMT Limited Inks One-Year PR and Investor Relations Contract with EquiBridgeX Advisors
VMS TMT Limited has approved a one-year contract with EquiBridgeX Advisors Private Limited for managing Public Relations, Investor Relations, and Social Media Services. The agreement, which can be renewed based on mutual consent, is not a related party transaction, and VMS TMT holds no shareholding in EquiBridgeX. This strategic move aims to enhance the company's communication strategies and investor engagement.
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VMS TMT Limited (NSE: VMSTMT, BSE: 544521) has announced a strategic move to enhance its public relations and investor relations capabilities. The company's Board of Directors has approved a one-year contract with EquiBridgeX Advisors Private Limited for managing its Public Relations, Investor Relations, and Social Media Services.
Contract Details
The agreement, which was approved during a board meeting, includes the following key points:
| Aspect | Details |
|---|---|
| Contract Duration | One year |
| Services Covered | Public Relations, Investor Relations, Social Media Services |
| Potential for Renewal | Yes, based on mutual consent |
| Shareholding in EquiBridgeX | None |
| Related Party Transaction | No |
Implications and Transparency
This move by VMS TMT Limited signifies a focused approach towards enhancing its communication strategies and investor engagement. By partnering with EquiBridgeX Advisors, the company aims to strengthen its presence across various media platforms and improve its relationship with stakeholders.
It's worth noting that VMS TMT Limited has confirmed that it holds no shareholding in EquiBridgeX Advisors Private Limited. Additionally, the company has clarified that the contracted party is not related to the promoter or any group companies, ensuring transparency in the agreement.
Regulatory Compliance
The company has duly informed the stock exchanges about this development, adhering to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This prompt disclosure aligns with VMS TMT Limited's commitment to maintaining transparency with its shareholders and the market at large.
As the contract comes into effect, stakeholders will likely keep a close eye on any improvements in VMS TMT Limited's public relations and investor communication strategies over the coming year.
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