Announcement under Regulation 30 of LODR with respect to entering into an agreement by Wholly owned subsidiary.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The wholly owned subsidiary KS Smart Solutions Private Limited has won a commercial contract worth approximately ₹680 crore (inclusive of taxes). The order involves supplying and installing laptop computers at educational institutions across Tamil Nadu, awarded by Electronics Corporation of Tamil Nadu Limited (ELCOT), a Government of Tamil Nadu undertaking, with Acer India Private Limited as the execution partner. Deliveries will be carried out in phases between December 2025 and April 2026. This is a domestic contract with no related-party interest from promoters or group companies.
This is a very large order relative to the company's size, potentially transforming its revenue profile and significantly boosting earnings visibility over the next 5-6 months. Investors should view this as a strong positive catalyst, though execution risk and timely delivery remain key watchpoints.