Meta Infotech Secures Orders Totaling Over Rs 5 Crore from Key Financial Institutions
Meta Infotech Ltd has announced significant business achievements, reporting that it has secured various fresh and renewal orders totaling an aggregate value of Rs 5,42,92,679. These contracts span across the real estate, life insurance, and private banking sectors, representing a strong influx of business in the ordinary course of its operations.The orders are sourced from domestic entities and include license subscription services and implementation work. The deals cover service periods ranging from June 1, 2026 to May 31, 2027.
A portion of the secured revenue comes from a leading real estate company and its associated group entities. This client awarded orders amounting to Rs 74,58,976 for license subscription and an additional Rs 3,00,000 for implementation, bringing the total value from this entity to Rs 77,58,976. The service period for this contract is set from June 17, 2026, to June 16, 2027.
Further strengthening its revenue pipeline, Meta Infotech received a fresh and renewal order from a life insurance company (Domestic). This client committed Rs 59,35,000 for the license subscription and an additional Rs 10,37,000 for renewal, totaling Rs 69,72,000. This contract is scheduled to run from June 1, 2026, through May 31, 2027.
The largest single order was secured from a major private sector bank (Domestic). The bank awarded a license subscription order valued at Rs 3,95,61,703 for the period spanning May 28, 2026, to May 27, 2027.
The details of the contracts and their consideration are presented in the table below:
| Entity Type | Client Sector | Nature of Order | Total Consideration | Service Period |
|---|---|---|---|---|
| Real Estate Company & Group Entities | License Subscription & Implementation | Rs 77,58,976/- | June 17, 2026 to June 16, 2027 | |
| Life Insurance Company | License Subscription (Fresh & Renewal) | Rs 69,72,000/- | June 1, 2026 to May 31, 2027 | |
| Largest Private Sector Bank | License Subscription | Rs 3,95,61,703/- | May 28, 2026 to May 27, 2027 |
The company confirmed that all the orders received are within the ordinary course of its business activities.
Stock Price Movement
At the close of trade on Thursday, Meta Infotech Ltd settled at ₹81.00, declining by 3.66%. Shares experienced movement during the session, trading between an intraday low of ₹79.88 and a high of ₹82.95.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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