Disclosure of receipt of order from M/s. Richa Infor Systems Limited.
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Awaiting price reaction for this filing.
Panth Infinity Ltd has secured a new work order worth ₹150 Crore (inclusive of all taxes) from Richa Info Systems Limited, a domestic entity. The contract is to provide goods and services on an order basis as per the client's requirements, with a tenure of 1 year. The disclosure was made under SEBI Regulation 30, indicating the order is considered material for the company. The directors confirmed there is no promoter or related-party interest in the client, and the transaction is not a related-party deal.
This is a significant order win for Panth Infinity, potentially materially boosting its order book and near-term revenue given its small-cap status. Shareholders should view this positively, though execution over the 1-year contract period will be key to converting the order into actual revenue.