Meta Infotech Secures Renewal Order from Private Sector Bank Valued at Rs 2.89 Crore
Meta Infotech Ltd has secured a renewal order from a private sector bank for services related to license subscription and annual maintenance cost. The contract, which spans the period from May 31, 2026, to May 30, 2027, totals Rs 2,88,99,278/- (Rupees Two Crore Eighty-Eight Lakh Ninety-Nine Thousand Two Hundred Seventy-Eight Only Excluding GST).The order details involve a domestic private sector bank. The contract is described as being for License Subscription and Annual Maintenance Cost. The total value of the engagement amounts to Rs 2.88 crores.
Key financial details and terms of the order are summarized below:
| Parameter | Details |
|---|---|
| Client Entity Type | Private Sector Bank (Domestic) |
| Contract Nature | License Subscription and Annual Maintenance Cost |
| Total Consideration | Rs 2,88,99,278/- (Excluding GST) |
| Duration of Contract | May 31, 2026 to May 30, 2027 |
The commitment from the private sector bank includes a license subscription amount of Rs 2,58,10,218/-, and an annual maintenance cost amounting to Rs 30,89,060/-. The company noted that all orders received are in the ordinary course of business.
Stock Price Movement
At the close of trade today, Meta Infotech Ltd settled at ₹69.00 after shares dipped 0.36%. The stock traded through a volatile session, navigating an intraday range spanning from a low of ₹68.70 to a high of ₹72.00.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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