Core Announcement – Order Details
Awarding Entity: Directorate Of Postal Life Insurance, Department Of Posts
Domestic/International Order: Domestic
Nature of Order/Contract: System Integrator for IMS (Insurance Management System) for 5 Years. The nature of the contract is a Letter of Acceptance (LOA).
Order Value: The Estimated Size of Order as per LoA is Rs. 1,31,88,38,162/- (One Hundred Thirty One Crore Eighty Eight Lakh Thirty Eight Thousand One Hundred Sixty Two Rupees Only), excluding tax.
Materiality Context: The order is explicitly described as a "major order" in the subject of the disclosure.
Execution Timeline: The order is to be executed by 01-NOV-31 (November 1, 2031).
Revenue Recognition / Billing Structure: Not Specified.
Key Terms & Payment Milestones: Not Specified.
Whether Related Party Transaction: No. The disclosure explicitly states "Na" (Not Applicable).
Promoter Group Involvement: No. The disclosure explicitly states "Na" (Not Applicable) regarding any interest of the promoter/promoter group/group companies in the entity that awarded the order.
Financial Implication: Not Specified.