NIS Management Ltd

NIS Management Ltd's subsidiary, NIS Facility Management Services Private Limited, has secured a significant work order worth INR 6,24,49,223.78 (₹6.24 Crore) from CRM Enterprise Business Private Limited. The order involves the Supply, Installation, Testing & Commissioning of ANPR and IP-Based CCTV Surveillance Systems for 9 Police Districts and 1 Commissionerate in West Bengal, along with Body-Worn Cameras and Night Vision Binoculars. The project is to be executed by December 15, 2026. This contract highlights the subsidiary's capabilities and is not considered a related party transaction.

NIS Management Ltd's subsidiary, NIS Facility Management Services Private Limited, has secured a work order worth INR 53,14,666/- (Rupees Fifty-Three Lakh Fourteen Thousand Six Hundred and Sixty-Six Only) from the West Bengal Police Housing and Infrastructure Development Corporation Limited. The contract involves the Supplying, Installing, Testing, and Commissioning of a CCTV Surveillance System at various locations in Pandua, Hooghly Sadar Subdivision, under the MP LAD Scheme. This award is seen as a testament to the subsidiary's team's dedication and expertise. The transaction does not involve related parties.

NIS Management Ltd's subsidiary, NIS Facility Management Services Private Limited, has secured a work order from West Bengal Police Housing and Infrastructure Development Corporation Limited. The order is for the Supplying, Installing, Testing, and Commissioning of a CCTV Surveillance System at various locations in Polba, Hooghly Sadar Subdivision, under the MP LAD Scheme. The total value of this contract is INR 33,31,163 (Rupees Thirty-Three Lakh Thirty-One Thousand One Hundred and Sixty-Three Only). The company views this as a positive development, highlighting the expertise of its subsidiary's team.

NIS Management Ltd has received a significant legal reprieve as the Hon'ble High Court at Calcutta granted a stay on proceedings related to notices issued by the Employees' State Insurance Corporation (ESIC). The ESIC had demanded damages amounting to ₹2,16,99,099 (approximately ₹2.17 Crore). The stay is effective until December 15, 2026, or until further court orders. This development stems from a Writ Petition filed by NIS Management challenging the validity of the notices and the proposed recovery of damages. The company is contesting these demands, and the court's intervention provides a temporary but crucial halt to the financial obligation.

NIS Management Limited, a diversified services provider, held its first Annual General Meeting (AGM) since its IPO, highlighting significant growth and strategic priorities. The company reported FY26 total income of ₹436.70 crore, a 7.74% increase from FY25, with EBITDA growing 12.19% to ₹33.53 crore. NIS secured over ₹120.14 crore in work orders since its listing in September 2025, expanding its client base across government and private sectors. Key orders include significant contracts from Reliance Group, Bihar government departments, and West Bengal entities. The company also reported a strong start to FY27 with total income up 15.68% year-on-year and aims to cross ₹500 crore in consolidated revenue for FY27. ICRA reaffirmed its short-term rating at A2 and revised its long-term outlook to BBB+ Positive.

NIS Management Ltd has announced the closure of its trading window for directors, officers, designated employees, and their immediate relatives. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code. The trading window will be shut from October 1, 2026, until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The specific date for the board meeting to approve these results will be intimated later.

NIS Management Ltd has received a satisfactory order from the GST Department, closing a matter concerning discrepancies in GST returns for FY 2022-23. The company had previously submitted clarifications in Form GST ASMT-11, which the department has now accepted as sufficient. Consequently, no further action is required, and the proceedings are considered concluded with no additional liability for the company.

NIS Management Ltd has initiated a Writ Petition before the Hon'ble High Court at Calcutta against the Employees' State Insurance Corporation (ESIC). This action is in response to various notices received from ESIC demanding payment of damages totaling ₹2,16,99,099. The company believes the claim is unsustainable and intends to vigorously contest it, asserting that it does not currently anticipate any financial liability, subject to the court's decision. Legal steps are being taken to protect the company's interests.

NIS Management Ltd has received a show cause notice from the Employees' State Insurance Corporation (ESIC) on September 21, 2026. The notice pertains to the proposed recovery of damages amounting to ₹92,17,443 for the period from July 2018 to June 2019. The company is currently examining the notice and the matter in detail. It intends to take appropriate legal steps to protect its interests, including submitting a representation to the concerned authority and contesting the matter in accordance with applicable law. The potential financial implication is the full amount of ₹92,17,443, subject to the outcome of the proceedings.

NIS Management Ltd has filed its 20th Annual Report for the Financial Year 2025-26. The report will be presented for approval at the company's 20th Annual General Meeting (AGM) scheduled for Friday, September 25, 2026, at 12:00 PM, conducted via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The annual report details the company's performance, business operations, financial statements, and strategic outlook. NIS Management is a prominent provider of organized security and integrated facility management services in eastern India, employing approximately 18,000 people across 1,500 client sites in 14 states. The company's services include manned guarding, housekeeping, technical maintenance, payroll administration, electronic security, and investigation. It also operates skill development through group entities. The report highlights a four-decade operating record and a robust workforce supply chain.