Meta Infotech Ltd Wins Renewal Order of Rs. 1.03 Crores from Major Private Sector Bank
Meta Infotech Ltd has secured a renewal order valued at Rs. 1,03,67,974.08 from a major private sector bank, confirming its ongoing business relationship with the leading financial institution.The contract, which pertains to the provision of Sustenance Resources, covers the period from April 01, 2026, to March 31, 2027. The company confirmed that the received order is in the ordinary course of business.
The details regarding the contract award confirm the following key parameters:
| Detail | Information |
|---|---|
| Entity Awarding Order | Largest Private Sector Bank |
| Nature of Service | Sustenance Resources |
| Contract Period | April 01, 2026 to March 31, 2027 |
| Consideration Size | Rs. 1.03 crores |
| Transaction Scope | Domestic Entity |
| Execution Timeline | To be executed within 15 days |
The financial transaction is valued at Rs. 1,03,67,974.08, excluding Goods and Services Tax (GST). The contract falls under the category of a domestic entity awarding the order, and the size of the deal is reported as Rs. 1.03 crores. Meta Infotech Ltd noted that there are no related party transaction concerns associated with this renewal.
Stock Price Movement
Meta Infotech Ltd settled at ₹91.24 on Monday, ticking up 4.99% in after-hours trading. Shares successfully moved throughout the session, contained within an intraday range of ₹85.56 to ₹91.24.Source:
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