Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements Regulations, 2015, we wish to inform you that company has entered into a Memorandum of Understanding ....
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Sodhani Academy of Fintech Enablers Ltd has signed a Memorandum of Understanding with the Rajasthan Council of School Education, a Government of Rajasthan department, to run a financial literacy programme for students of classes 6 to 12 and for school teachers across Rajasthan. The project covers financial literacy, prevention of financial cybercrimes and fraud, and applications of artificial intelligence. The company has also received authorisation from the State Government to receive CSR contributions from other companies and private institutions through this initiative, with the project running for three years and project value ranging from nil to ₹65 crore depending on CSR funds raised. The transaction is not a related-party deal and has no impact on management or control of the company.
This is a CSR-aligned initiative rather than a core revenue-generating contract, so direct financial impact on the stock is limited. However, the government authorisation to receive CSR funds through this channel gives the company a credible route to potentially raise up to ₹65 crore over three years for a social-impact project, which is mildly positive for visibility but not a material earnings driver.