We wish to inform that company has received fresh and renewal order amounting to Rs. 2.58 crores bagged by the Company in the ordinary course of business.
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Meta Infotech Ltd has announced receiving fresh and renewal orders totalling Rs. 2,58,99,000 (approximately Rs. 2.58 crores, excluding GST) from a leading domestic mutual fund and investment management company. The order is for cloud security subscription services covering the period from June 1, 2026 to May 31, 2027. The company clarified that all orders were received in the ordinary course of business. The order is to be executed within 60 days, and there is no related party involvement or promoter group interest in the awarding entity.
This is a moderate positive development as the company secures a recurring revenue stream through cloud security subscription services. The order size of Rs. 2.58 crores represents new business from a financial services client, though the full-year revenue impact will be spread over the subscription period.