Disclosure pursuant to Regulation 30 of The Securities and Exchange Board of India (LODR) Regulations, 2015. Award of Work Order to the Company by Reliance Projects & Property Management ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NIS Management Ltd has been awarded 5 work orders by Reliance Projects & Property Management Services Limited for facility management services including Housekeeping, Pantry Boy, MEP Electrical, and ancillary services at various Reliance sites. The total contract value is Rs. 30.77 crore (INR 30,77,03,567.97) inclusive of all taxes. These are renewals of existing contracts and will be executed by March 31, 2027. The company states these are not related party transactions and the promoters have no interest in the awarding entity. This contract represents a significant business win for the small-cap company operating in the facility management space.
This positive development brings substantial revenue visibility of approximately Rs. 30.77 crore for NIS Management Ltd through FY2027. The association with Reliance group validates the company's service capabilities and should provide stability to its earnings, though the impact will be recognized gradually over the contract period.