Core Announcement – Order Details
Awarding Entity: Leading Federal Credit Union in the USA (name partially redacted due to confidentiality obligations)
Domestic/International Order: International entity (USA)
Nature of Order/Contract:
Managed services fixed-fee engagement for Application Programming Interface (API) development, maintenance and support for API implemented on MuleSoft CloudHub Platform. Scope includes technology upgrades, feature enhancements and modifications to existing APIs, development and support of new API integrations, troubleshooting of API request failures, urgent and emergency fix deployments, post-production support, and related MuleSoft platform support services.
Order Value:
USD 154,165 (Indian Rupees 1.47 Crore approximately), exclusive of applicable taxes.
Materiality Context:
Disclosed as below materiality threshold limits as per SEBI regulations. Disclosure made on voluntary basis.
Execution Timeline:
5 months
Revenue Recognition / Billing Structure:
Fixed-fee engagement structure disclosed. Not specified whether lump-sum or milestone-based.
Key Terms & Payment Milestones:
Not Specified
Whether Related Party Transaction:
No
Promoter Group Involvement:
No
Financial Implication:
Not Specified