Core Announcement – Order Details
Awarding Entity: UAE-based technology services company (name withheld due to confidentiality obligations)
Domestic/International Order: International (United Arab Emirates)
Nature of Order/Contract: Professional services contract including the rebadging of IT resources to support customer environments of various clients. The engagement involves deployment and management of technology professionals across multiple roles and customer environments supported by the UAE-based technology company.
Order Value: AED 13.08 Million (Indian Rupees 33.6 Crores approximately), exclusive of applicable taxes.
Materiality Context: Not Specified
Execution Timeline: One year engagement, which can be extended further on mutual terms & conditions.
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No
Promoter Group Involvement: No
Financial Implication: Not Specified