Nature of the Event

Artemis ADR Marketplace Limited has executed a Software Development and Implementation Services Agreement with Jupitice Justice Technologies Private Limited. This disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Key Quantitative Figures

The total size of the agreement is ₹24.60 crore.

Dates of Action

The agreement was executed on April 01, 2026. The reference programme for the project is from April 01, 2026 to September 30, 2027.

Parties Involved

The agreement is between Artemis ADR Marketplace Limited (the Company) and Jupitice Justice Technologies Private Limited.

Purpose and Significant Terms

The purpose of the agreement is for software development and implementation services. Jupitice Justice Technologies will act as the developer and undertake contractor-managed end-to-end delivery of a defined ADR marketplace platform. The scope of work includes:

  • Foundation/configuration
  • ADR formation and processes
  • Records and payments
  • Privacy and AI controls
  • Marketplace/offices
  • Integrations
  • Testing
  • Deployment
  • Training and handover

The agreement includes a 12-month warranty period after actual final acceptance, with the first 90 days designated as a stabilization period. There is no deferred functionality mentioned. The programme is subject to validation of the actual opening position and remaining-work plan.

Shareholding and Related Party Status

The company holds no shareholding in Jupitice Justice Technologies Private Limited. However, the parties are related as they are shareholders in the same company. The transaction falls within related party transactions and is stated to be done at "arm's length".

Additional Details

There is no issuance of shares, loan agreements, or other financial arrangements mentioned in connection with this agreement. There are no details of nominees on the board or potential conflicts of interest disclosed.