Nature of the Event
NIS Management Limited has received a work order from West Bengal State Electricity Distribution Company Limited (WBSEDCL) for security services, disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Quantitative Figures
The total value of the work order is ₹11,90,28,674.48 (Rupees Eleven Crore Ninety Lakh Twenty-Eight Thousand Six Hundred Seventy-Four and Forty-Eight Paise Only), inclusive of Goods and Services Tax (GST).
Contract Details and Timeline
The work order is for the deployment of security personnel to provide safety, security, and guarding services for WBSEDCL's installations and equipment at various site offices within their jurisdiction. The contract shall be executed for a period of two years commencing from August 01, 2026, in accordance with the prescribed job rates, scope of work, and terms and conditions specified in the work order.
Parties Involved
The order was awarded by West Bengal State Electricity Distribution Company Limited (WBSEDCL), a domestic entity. The disclosure confirms that the promoter/promoter group/group companies of NIS Management Limited have no interest in WBSEDCL, and the transaction does not fall under related party transactions.