PAN HR Solution Limited has entered into a Temporary Staffing Services Agreement with CIEL ET TERRE SOLAR PRIVATE LIMITED. The agreement was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Agreement Details
- Parties: PAN HR Solution Limited and CIEL ET TERRE SOLAR PRIVATE LIMITED
- Purpose: To provide temporary staffing services including deployment of suitably trained and qualified personnel, employee sourcing, salary administration, payroll management, and compliance management
- Term: The agreement is effective until April 27, 2027, unless terminated earlier according to its terms. It may be extended for additional one-year terms upon mutual written agreement
- Nature: Non-exclusive basis
- Commercial Terms: The aggregate contract value is not fixed and depends on the number of personnel deployed and applicable staffing fees. Commercial consideration is determined based on actual manpower deployed
- Service Model: Pay and Collect Model where the company provides staffing services and undertakes salary disbursement and statutory compliances
Relationship and Transaction Details
- Shareholding: No shareholding in the entity with whom the agreement is executed
- Related Party: The parties are not related to promoter/promoter group/group companies
- Related Party Transaction: The transaction does not fall within related party transactions
Additional Information
- No issuance of shares involved in this agreement
- No other disclosures related to nominees, potential conflict of interest, or other special arrangements
- The disclosure was signed by Rajeev Kumar, Chairman and Managing Director (DIN: 07368623) from Noida