Happy Square Outsourcing Services Secures Contract Extension from NABI, Valued at Rs 4.50 Crore
Happy Square Outsourcing Services Limited has secured an extension on its existing Work Order with the BRIC- National Agri-Food and Biomanufacturing Institute (NABI). The renewal of the contract is valued at approximately Rs 4.50 Crore, inclusive of all taxes, providing a boost to the company's order book.The Work Order, which was originally awarded in June 2024, has now been extended for one year. This extension relates to manpower supply services and covers operations extending until July 29, 2027.
The engagement details highlight that NABI is a domestic entity, and the contract remains within the ordinary course of Happy Square Outsourcing Services Limited's business. The company confirmed that neither the promoter nor its group companies hold any interest in NABI, meaning the arrangement does not constitute a related party transaction.
Key details regarding the receipt of this work order are presented below:
| Detail | Information |
|---|---|
| Awarding Entity | BRIC- National Agri-Food and Biomanufacturing Institute (NABI) |
| Nature of Work Order | Manpower supply services |
| Original Award Date | June 2024 |
| Extended Period | One Year |
| Total Consideration | Approximately Rs 4.50 Crore (inclusive of all taxes) |
| Execution Period | Services to be provided up to July 29, 2027 |
The extension is anticipated to generate revenue of approximately Rs 4.50 Crore over the contract period and significantly strengthen the company's order book.
WHITEFORCE Stock Price Movement
Today, Happy Square Outsourcing Services Limited shares shed value, closing down 4.96% after trading settled at ₹38.30. The stock recorded a traded volume of 3,200 shares for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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