Voluntary Disclosure under Reg. 30 ( LODR) Award of Order/Contract Received of Education Software Value of Rs. 1.45 Crores per year from Barkatullay Vishwavidhyalay Bhopal, Madhya Pradesh
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Awaiting price reaction for this filing.
Infinity Infoway Limited has signed a 5-year Education Software Service Agreement with Barkatullah Vishwavidyalaya Bhopal, a state government funded public university. The contract covers software management for pre and post examination activities, including printing of marksheets, at a fixed price plus per-student-per-year pricing. The estimated value is approximately ₹1.45 Crores per year, which works out to roughly ₹7.25 Crores over the 5-year tenure. This contract represents around 10% of the company's latest audited turnover. The company stated the deal is in the ordinary course of business and does not qualify as a material event under SEBI LODR, but is making this voluntary disclosure for transparency.
A modest positive for the small-cap company — it adds a recurring revenue stream from a credible government-backed institution and is sizable relative to its turnover (~10%), though the company itself says there is no material financial or strategic impact. Investors should watch for follow-on contracts to gauge momentum.