Vakrangee Limited disclosed that its subsidiary, Vortex Engineering Private Limited, has received a purchase order from one of India's largest public sector banks. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Contract Details
- Nature of Contract: Supply, Installation and Maintenance of 540 ATMs and 1 KVA UPS for a period of 5 years
- Contract Value: ₹37.79 crore (including GST)
- Execution Period: 7 years
- Order Receipt Date: August 06, 2026
- Entity Type: Domestic entity
- Warranty Period: 1 year
Corporate Relationships
- The promoter/promoter group/group companies have no interest in the entity that awarded the order
- The transaction does not qualify as a related party transaction
- The transaction is conducted at arm's length
Subsidiary Information
Vortex Engineering Private Limited has supplied over 15,500 ATM machines to date and has an annual manufacturing capacity of 12,000 units. The company holds 9 patents/IP in the field of ATMs and cash dispensers. Vortex also offers Perfo®, an advanced ATM monitoring and operational intelligence platform that is cross-platform and cross-vendor compatible.
Strategic Context
This repeat order reinforces Vortex's position as a trusted provider of indigenous, energy-efficient ATM solutions and strengthens Vakrangee Group's proposition in India's hybrid financial access ecosystem. The company focuses on serving rural, semi-urban and underbanked markets with physical banking touchpoints.