ITCONS E-Solutions Ltd

ITCONS E-Solutions Ltd has announced securing a new contract valued at ₹55,18,664.48 from the DG of Defence Estate, Department of Defence, Ministry of Defence. The contract involves providing 5 resources for a period of one year, commencing July 1, 2026, and concluding on June 30, 2027. This Manpower Outsourcing Services contract is with a domestic entity and is inclusive of all taxes and duties. The company views this as a significant milestone, reflecting trust from government agencies.

Gaurav Mittal and Persons Acting in Concert (PACs) have filed a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, with BSE Limited. The filing details changes in shareholding before and after an acquisition/disposal. Prior to the transaction, Gaurav Mittal held 31,33,154 shares (34.78%) and PACs held 26,79,043 shares (29.74%), totaling 58,12,197 shares (64.52%). After the transaction, their combined holding remains 58,12,197 shares, representing 62.3% of the total voting capital. The transaction involved the sale of shares for ₹9,00,83,260, comprising 90,08,326 equity shares of Rs. 10 each. The acquisition/sale occurred off-market on June 19, 2026.

Gaurav Mittal, a promoter of ITCONS E-Solutions Ltd, has sold 2,00,000 equity shares, representing 2.22% of the total voting capital. The sale was conducted off-market on June 19, 2026, for a total consideration of ₹9,00,83,260. Following the sale, Mittal's direct shareholding in the company has reduced, but he and his Persons Acting in Concert (PACs) still hold a significant stake. The disclosure was made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

ITCONS E-Solutions Ltd has secured a manpower outsourcing contract from the Ministry of Ayush. The contract involves the deployment of 32 resources for a period of one year, commencing on June 3, 2026, and concluding on June 2, 2027. The total value of the work order is ₹1,28,92,544.95, inclusive of all taxes and duties.

ITCONS E-Solutions Ltd has secured a contract from the Sports Authority of India (SAI) for the provision of manpower outsourcing services. The contract involves the deployment of 6 resources for a period of one year, commencing on June 3, 2026, and concluding on June 2, 2027. The total value of the contract is ₹57,02,580, inclusive of all taxes and duties.

ITCONS E-Solutions Ltd has secured a new contract from the Indian Council of Medical Research (ICMR) to provide 33 resources for a period of one year. The total contract value is ₹12304256.25, inclusive of all taxes and duties. The contract is scheduled to commence on June 02, 2026, and will remain in force until June 01, 2027, unless extended further by mutual agreement. This contract involves manpower outsourcing services and is considered a significant milestone for the company.

ITCONS E-Solutions Ltd. reported no deviations or variations in the utilization of funds raised through a preferential issue of convertible warrants for the half-year ended March 31, 2026. The company raised ₹15,82,48,350 through the conversion of 29,71,800 warrants into equity shares. An audit committee reviewed the statement, confirming adherence to Regulation 32 of SEBI guidelines. Additionally, 60,60,400 unexercised warrants lapsed, resulting in the forfeiture of ₹10,75,72,100.

ITCONS E-Solutions Ltd's board approved the audited standalone financial results for the half year and year ended March 31, 2026, recommending a final dividend of ₹0.15 per share. Adit Mittal was appointed Executive Director for 5 years, and Nikky Gupta was re-appointed as an Independent Director for a second term. Gaurav Mittal's perquisites were revised. Aditi Gupta & Associates were re-appointed as Internal Auditor, and Preeti Jain & Co. as Secretarial Auditor. The board also approved increasing limits for loans, guarantees, and investments up to ₹1,000 Cr and increased borrowing limits to ₹1,000 Cr, subject to shareholder approval.

ITCONS E-Solutions Ltd. announced the approval of audited standalone financial results for the year ended March 31, 2026. The board recommended a final dividend of ₹0.15 per equity share. Key management changes include Adit Mittal's appointment as Executive Director and Nikky Gupta's re-appointment as Independent Director. The company also approved increasing limits for loans, guarantees, and investments up to ₹1,000 Cr, and increased borrowing limits to ₹1,000 Cr, subject to shareholder approval.

ITCONS E-Solutions Ltd's board approved the audited standalone financial results for the half year and year ended March 31, 2026. They recommended a final dividend of ₹0.15 per equity share. The board also approved changes in directors and senior management, including the change in designation of Mr. Adit Mittal to Executive Director and the re-appointment of Ms. Nikky Gupta as an Independent Director. Additionally, they approved the re-appointment of M/s. Aditi Gupta & Associates as Internal Auditor and the appointment of Ms. Preeti Jain & Co. as Secretarial Auditor. The board also approved increasing the limits for loans, guarantees, and investments to ₹1,000 Crore and increasing the borrowing limits to ₹1,000 Crore, subject to shareholder approval.