Subsidiary is L1 bidder for Bank of Maharashtra e-surveillance tender

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Price reactionminutes from the announcement price · days from the prior close

-0.6%Reaction day

₹24.19

prior close

₹24.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+0.4% vs market

Computers - Software & Consulting peers, median of 62sector-1.5%+0.9% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.9 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.7

10m

-2.8

15m

-2.1

30m

-2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.6-1.0+0.4-1.5+0.9

Next day

-3.5-3.3-0.2-3.2-0.3

-5.7-2.9-2.8-3.0-2.7

-5.0-1.3-3.7-2.1-2.8

-5.7-1.2-4.6-3.1-2.7

-0.4-0.5+0.2-2.0+1.6

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15d

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UpDownMarket · Nifty Microcap 250Sector · Computers - Software & Consulting peers, median of 62Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Wholly owned subsidiary Provigil Surveillance Limited emerged as the lowest bidder for Bank of Maharashtra's e-surveillance tender covering over 1,550 sites, with an estimated bid value of ₹115 crore. The work includes supplying, installing and commissioning surveillance systems and running a 24/7 central monitoring station. Formal award is pending.

Likely market impact

Positive if awarded and could add meaningful revenue; however, no contract is confirmed until Bank of Maharashtra issues a formal order.