ITCONS E-Solutions Ltd (543806)

ITCONS E-Solutions Ltd has secured a new contract valued at INR 67,41,660.26 from the Indian Army, Department of Military Affairs, Ministry of Defence. The project entails providing 18 resources for manpower outsourcing services over a one-year period starting October 17, 2026, through September 16, 2027. While reinforcing government client relationships, the contract value is modest, representing less than 0.5% of the company's TTM revenue of ₹144 crore.

• Contract value is INR 67,41,660.26 inclusive of all duties and taxes
• Scope involves deploying 18 resources for manpower outsourcing services
• Contract duration is 1 year, from October 17, 2026, to September 16, 2027
• Awarded by Indian Army, Department of Military Affairs, Ministry of Defence

ITCONS E-Solutions Ltd has secured a domestic manpower outsourcing contract worth Rs 18.95 lakh (inclusive of taxes) from the Ministry of Information & Broadcasting. The contract involves deploying 7 resources for a 1-year tenure starting October 19, 2026, to October 18, 2027. Relative to the company's TTM revenue of Rs 144 crore, this contract is very small, representing roughly 0.01% of annual sales.

• Order value of INR 18,94,647.99 inclusive of all taxes and duties
• Contract involves deployment of 7 resources for manpower outsourcing
• Execution tenure spans 1 year from October 19, 2026, to October 18, 2027
• Client is I&B Main Secretariate, Ministry of Information & Broadcasting

ITCONS E-Solutions has secured a new domestic contract valued at Rs 1.05 Cr (inclusive of taxes and duties) from the Indian Army, Department of Military Affairs, Ministry of Defence. Under the agreement, the company will provide manpower outsourcing services consisting of 28 resources for a period of one year. The contract commences on October 10, 2026, and runs through September 07, 2027. While a reputable client win, the order size is modest, representing under 1% of the company's TTM revenue of Rs 144 Cr.

• Secured contract valued at INR 10,526,224.27 inclusive of taxes and duties
• Scope involves deploying 28 resources for manpower outsourcing services
• Awarded by the Indian Army, Department of Military Affairs, Ministry of Defence
• Contract duration is 1 year, from October 10, 2026 to September 07, 2027

ITCONS E-Solutions Ltd has secured a domestic manpower outsourcing contract from the Employees Provident Fund Organisation (EPFO), Ministry of Labour and Employment, valued at Rs 1.93 Cr (INR 19,286,946.73 inclusive of taxes). The contract spans one year, from October 03, 2026, to October 02, 2027, and entails deploying 48 resources. Relative to ITCONS's TTM revenue of Rs 144 Cr, this order represents approximately 1.34% of sales, making it a routine business win.

• Contract value is INR 19,286,946.73 inclusive of all taxes and duties
• Scope covers deployment of 48 manpower outsourcing resources
• Execution timeline spans 1 year from October 03, 2026, to October 02, 2027
• Order awarded by domestic government body EPFO (Ministry of Labour and Employment)

ITCONS E-Solutions Limited has bagged a new domestic contract worth INR 99,33,877.40 (inclusive of taxes) from the Department of Defence Research & Development, Office of DG (MSS), Ministry of Defence. The project entails providing 13 manpower outsourcing resources over a 2-year tenure from September 24, 2026, to September 23, 2028. Compared to the company's TTM revenue of ₹144 Cr, this order is relatively small at approximately 0.69% of annual top-line. The promoters have no interest in the awarding entity, and the transaction is not a related-party deal.

• Total contract value of INR 9933877.4 (inclusive of taxes and duties)
• Contract involves the deployment of 13 resources for manpower outsourcing services
• Execution tenure spans 2 years, starting September 24, 2026, until September 23, 2028
• Awarded by Department of Defence Research & Development, Office of DG (MSS), Ministry of Defence

ITCONS E-Solutions Ltd has announced the appointment of Mr. Ajay Rana as an Additional Director in the category of Non-Executive Independent Director. The tenure is approved for a period of 1 year, effective from August 18, 2026, to August 17, 2027, subject to shareholder approval. Mr. Rana holds over 26 years of experience in higher education leadership, engineering research, and institutional transformation. This is a standard corporate governance addition with no direct financial impact on the company.

• Appointment of Mr. Ajay Rana (DIN: 08721213) as Non-Executive Independent Director
• Tenure approved for 1 year from August 18, 2026 to August 17, 2027
• Appointee possesses over 26 years of experience in academic leadership and engineering
• Appointment remains subject to approval by the company shareholders

ITCONS E-Solutions shareholders have approved the transition of Mr. Adit Mittal from Non-Executive to Executive Director for a 5-year term. The company also secured approval to increase borrowing limits and the capacity for granting loans and investments under Sections 180 and 186 of the Companies Act. Additionally, Mrs. Nikky Gupta was re-appointed as an Independent Director for a 5-year term, and the remuneration for MD & CEO Mr. Gaurav Mittal was revised. These enabling resolutions come as the company maintains a low debt of Rs 3 Cr against a TTM revenue of Rs 144 Cr.

• Adit Mittal appointed as Executive Director for a 5-year term effective May 26, 2026, to May 25, 2031
• Nikky Gupta re-appointed as Independent Director for a 5-year term starting August 06, 2026
• Shareholders approved increased borrowing limits under Section 180(1)(c) of the Companies Act
• Approval granted for increasing limits for loans, guarantees, and investments under Section 186
• Revision in remuneration approved for Managing Director & CEO Mr. Gaurav Mittal

ITCONS E-Solutions has secured a small-scale contract from Hindustan Aeronautics Limited (HAL) for manpower outsourcing services. The contract is valued at approximately ₹29.88 Lakh and involves the deployment of 6 resources over a two-year period. While the client is a prestigious Ministry of Defence PSU, the financial impact is minimal, representing only about 0.21% of the company's TTM revenue of ₹144 Cr. The contract is scheduled to run from August 4, 2026, to August 3, 2028.

• Total contract value of ₹29,87,844.86 inclusive of all taxes and duties
• Deployment of 6 resources for a fixed period of 2 years
• Contract execution period from August 04, 2026, to August 03, 2028
• Order awarded by Hindustan Aeronautics Limited (HAL), a major PSU under the Ministry of Defence

ITCONS E-Solutions has secured a manpower outsourcing contract worth ₹81.33 lakh from the Board of Revenue, Government of Uttar Pradesh. The contract involves the deployment of 108 resources for a short duration of five months, starting July 26, 2026. Given the company's TTM revenue of ₹144 crore, this specific order is relatively small, representing approximately 0.56% of annual turnover. The project is scheduled to conclude by December 28, 2026, unless extended by mutual agreement.

• Total contract value of ₹81,32,756.4 inclusive of all taxes and duties
• Deployment of 108 resources for the Revenue Department of Uttar Pradesh
• Short-term execution period of 5 months ending December 28, 2026
• Order value represents approximately 0.56% of the company's TTM revenue of ₹144 crore