The Company has bagged a new contract from Khadi and Village Industries Commission (KVIC) of RS. 42150201.89. For further details, kindly refer attached file
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ITCONS E-Solutions Ltd has secured a new manpower outsourcing contract from Khadi and Village Industries Commission (KVIC), Ministry of Micro, Small and Medium Enterprises. The company will deploy 73 resources for a period of 2 years. The total contract value is INR 4.22 crore (approximately Rs. 4,21,50,201.89), inclusive of all taxes and duties. The contract commences on May 1, 2026 and runs until April 30, 2028. This is a domestic government contract and marks a significant milestone as it reflects continued trust from government agencies. The company has confirmed no related party transactions or promoter group interest in KVIC.
The contract provides revenue visibility for 2 years and demonstrates the company's ability to win government mandates. While the contract value of Rs. 4.22 crore is material, its impact on the stock would depend on the company's total annual revenue. The association with a government entity (KVIC under Ministry of MSME) could be viewed positively for future business development.