We wish to inform that company has received renewal purchase orders amounting to Rs. 3.06 crores bagged by the Company in the ordinary course of business.
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Meta Infotech Ltd has received a renewal purchase order worth Rs. 3,06,45,692 (Rs. 3.06 crores, excluding GST) from a domestic financial services company for cloud data protection services. The order covers a one-year period from 1st March 2026 to 28th February 2027 and is to be executed within 15 days. The company clarified that promoters, promoter group, and group companies have no interest in the client entity, and the order is in the ordinary course of business.
This is a routine renewal order confirming continued business with an existing financial services client, providing modest revenue visibility of Rs. 3.06 crores over the next year. The order is small and may not materially move the stock, but it reinforces the company's recurring revenue from cloud data protection services.