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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Mach Conferences and Events Ltd has won a ~₹92 crore contract from the Government of Punjab for the Chief Minister's Tirth Yatra initiative. The company will manage end-to-end execution of a 2-night/3-day pilgrimage programme for around 1,85,000 Yatris travelling from Mohali to the Golden Temple in Amritsar, covering logistics, accommodation, transport and food. The work will be carried out over a six-month period, with revenue recognised across FY26 and the following financial year. The company highlighted that this is its third government contract secured in roughly four months since entering the government segment, which it sees as validation of its execution and compliance capabilities.
Positive for shareholders — the order provides strong near-term revenue visibility and strengthens the company's credibility in the newly-entered government segment, which management expects to become a steady contributor to revenues and profitability.