The order, valued at Rs 4.00 crore, has been awarded by a US-based entity for software development and related services under an agile development services agreement.
The contract, which is international in nature, is to be executed within a period of 7 months.
The company clarified that the promoter, promoter group, or group companies have no interest in the entity awarding the contract.
Additionally, the transaction does not qualify as a related party transaction, making the question of it being conducted at arm's length irrelevant.
Capitalnumbers Infotech is one of the leading companies in terms of digital consulting and IT engineering by providing software development solutions to enterprises and startups worldwide. It also offers technological progress and services like digital engineering, data analytics, artificial intelligence/machine learning (AI/ML), cloud engineering, UI/UX design, and advanced technologies such as blockchain and augmented reality/virtual reality (AR/VR).
On a full-year basis, the company’s consolidated net profit declined 1.3% to Rs 25.80 crore despite 1.6% rise in revenue from operations of Rs 99.73 crore in FY25 over FY24.
CapitalNumbers Infotech made a debut on the stock exchanges on 27 January 2025, with its shares listing at Rs 274, a 4.18% premium to the issue price of Rs 263.
The company's initial public offering (IPO), which closed on 22nd January 2025, was subscribed 125.04 times. The IPO was priced within a band of Rs 250 to Rs 263 per share.
The stock hit a record high of Rs 274 on 27 January 2025. As on 14 July 2025, the company’s current market capitalization stands at Rs 339.54 crore on the BSE.