ITCONS E-Solutions Secures ₹41.5 MLN Defence Manpower Deal with HAL

Contract Breakdown

Disclosed via BSE under SEBI Regulation 30, the agreement involves manpower outsourcing services for HAL's Department of Defence Production. Valued at exactly ₹41,535,187.41 (inclusive of taxes), it runs through December 31, 2027, with potential extensions. No promoter or related party interests involved, ensuring arm's-length compliance.
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Key Highlights

• Client & Scope: Hindustan Aeronautics Ltd (HAL); deploys 75 resources for IT/manpower support.
• ​Value & Tenure: ₹4.15 Cr total; 24 months from Jan 1, 2026, to Dec 31, 2027 (extendable).
• ​Strategic Boost: Enhances order book; aligns with FY26 growth in public sector contracts.
• ​Market Response: Small-cap IT stock eyes 3-5% upside; reflects trust in govt projects.

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Sources: BSE Filing (ITCONS E-Solutions Ltd Announcement, Dec 29, 2025)