Meta Infotech Limited has disclosed the receipt of a renewal order from a domestic private sector bank pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
The order has a total value of Rs. 2,88,99,278 (Rupees Two Crores Eighty-Eight Lakh Ninety-Nine Thousand Two Hundred Seventy-Eight Only), excluding GST. This amount comprises Rs. 2,58,10,218 for license subscription and Rs. 30,89,060 for annual maintenance cost.
The contract period is from May 31, 2026 to May 30, 2027 (one year duration). The company specifies that the order must be executed within 15 days of receipt.
The disclosure confirms that the order was awarded by a domestic entity and does not constitute a related party transaction. The promoter/promoter group/group companies have no interest in the entity that awarded the contract.
All orders received are in the ordinary course of business, as stated in the disclosure. The filing was made to BSE Limited and includes Annexure-A with detailed information as required by SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.