The contract involves deployment of 43 resources for a period of two years. It will commence on 3 March 2026 and remain valid till 2 March 2028, unless extended by mutual agreement between the parties.
The company clarified that the order has been awarded by a domestic entity and pertains to manpower outsourcing services. It further stated that neither the promoter nor the promoter group has any interest in the awarding entity, and the contract does not fall under related party transactions.
ITCONS E-Solutions is engaged in the business of recruitment and staffing services.
On a full-year basis, the company’s net profit surged 70.2% to Rs 3.25 crore on a 96.4% rise in net sales to Rs 55.98 crore in FY25 over FY24.
Shares of ITCONS E-Solution slipped 2.47% to end at Rs 349.95 on the BSE on Friday.