Panache Digilife Limited has informed the Exchange about Bagging/Receiving of orders/contracts
PANACHE · price
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Panache Digilife has received a work order worth INR 425 million (₹42.5 crore) from a reputed domestic Telecom and Electrical Equipment manufacturing company. The order covers Supply, Installation, Testing & Commissioning (SITC) of Telecom and IT Infrastructure along with Operations & Maintenance (O&M) for a 10-year period. Approximately 70% of the value (around ₹29.75 crore) is expected to be billed in FY2025-26, with the remaining 30% spread over the 10-year O&M period. The order is from a domestic entity and there is no promoter or related party interest in the client.
This is a meaningful new order that provides near-term revenue visibility, with the bulk of billing concentrated in the current financial year, which should support FY2025-26 topline growth. The 10-year O&M tail also offers recurring revenue potential beyond the initial deployment, which is a positive signal for long-term business stability.