Atishay Limited Wins Micro ATM Order in Rajasthan

MUMBAI, India — Information technology and financial inclusion solutions provider Atishay Limited announced on July 16, 2026, that it has been awarded a new commercial work order by The Nagaur Central Co-operative Bank, Nagaur, to deploy specialized financial hardware across rural networks in Rajasthan. The project highlights the accelerating technological modernization within India’s cooperative banking ecosystem, directly targeted at strengthening grassroots financial connectivity before the end of the third quarter of 2026.

Expanding Financial Inclusion Infrastructure in Nagaur

The newly finalized domestic contract tasks Atishay Limited with the comprehensive supply, installation, commissioning, and long-term maintenance of Micro ATM devices. The hardware is designated for integration within the network of Primary Agricultural Credit Societies (PACS) and Dairy Societies operating under the jurisdiction of The Nagaur Central Co-operative Bank, Nagaur, which functions under the Co-operative Department of Rajasthan.

According to the official corporate disclosure, the total financial size of the domestic work order is valued at ₹49.35 Lakhs, a figure that comprehensively includes all applicable statutory duties and commercial taxes. The technology provider is bound to a rapid implementation timeline, with a strict regulatory execution deadline set for August 15, 2026.

Technical Integration and Rural Banking Safeguards

Micro ATMs serve as vital entry points for the unbanked and underbanked population, allowing rural citizens to perform essential banking operations such as cash withdrawals, deposits, and balance inquiries via biometric or card authentication without visiting a physical bank branch. By anchoring these devices within local agricultural credit and dairy cooperative centers, the initiative directly targets administrative efficiency for farming and dairy communities.

From a regulatory standpoint, the tech firm confirmed that the contract represents an independent commercial milestone. In its compliance filings, management stated that neither the promoters nor any associated group companies hold an interest in the bank awarding the contract, ensuring that the agreement does not fall under related party transactions.

Official Sources Section

The material event updates were formally communicated via corporate disclosures submitted to the BSE Limited by Atishay Limited under the regulatory mandate of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The documentation was officially authorized and signed by Akhilesh Jain, Managing Director of Atishay Limited.

Quote Section

According to official company statements signed by the leadership of Atishay Limited:

"This award reflects the continued confidence of the Bank in the Company’s technological capabilities and execution strength. This achievement further strengthens our footprint in the rural and agricultural banking ecosystem and reaffirms our commitment to supporting India’s cooperative banking sector through robust, technology-driven financial inclusion solutions."

Why It Matters

For rural citizens and agricultural laborers in Nagaur, the deployment of Micro ATMs provides immediate, localized access to cash flow and banking transactions without the need for long-distance travel to commercial centers. For institutional investors, the contract underscores Atishay Limited's ongoing capability to secure state-level cooperative sector accounts, demonstrating recurring demand for rural fintech infrastructure vendors as India mandates deeper digital integration across agricultural networks.

Key Facts at a Glance

• Contract Value: ₹49.35 Lakhs, inclusive of all relevant duties and taxes.

• Target Institution: Primary Agricultural Credit Societies (PACS) and Dairy Societies under The Nagaur Central Co-operative Bank, Nagaur.

• Core Deliverables: Supply, setup, deployment, and operational maintenance of Micro ATM hardware.

• Completion Deadline: Scheduled for full operational execution by August 15, 2026.

• Transaction Status: Confirmed as a standard domestic order independent of related party transactions.

FAQ Section

What services will Atishay Limited perform under this new contract?

Atishay Limited is responsible for the complete supply, installation, commissioning, and long-term maintenance of Micro ATM devices within the bank's rural networks.

Who is the client awarding the contract?

The order has been awarded by The Nagaur Central Co-operative Bank, Nagaur, located in Rajasthan and operating under the state's Co-operative Department.

When will the deployment be complete?

The agreement stipulates that the supply and installation of the Micro ATMs must be fully completed by August 15, 2026.

Sources: Atishay Limited Investor Relations Filing, Company Disclosure to Stock Exchange