We are pleased to inform that the Company has received a work order for the Supply, Installation, Testing and Commissioning (SITC) of Access Control and Time Attendance System (Biometric) ....
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Panabyte Technologies has secured a work order worth Rs. 1.52 crore (including tax) from Mahindra & Mahindra Limited. The order is for the Supply, Installation, Testing and Commissioning of a biometric Access Control and Time Attendance System to be deployed across multiple Mahindra locations PAN India. The company describes the solution as a tailor-made, first-of-its-kind design built for M&M's large workforce. The contract is to be executed within 3 months. The order is from a domestic entity and is not a related party transaction.
This is a new business win from a well-known corporate client, which is a positive development for Panabyte. However, the order size is relatively small at Rs. 1.52 crore, so the immediate impact on revenue or stock price may be limited unless it leads to repeat business or similar orders.