Meta Infotech Secures Rs. 2.58 Crore Cloud Security Subscription Renewal
Meta Infotech Ltd has secured fresh and renewal orders totaling Rs. 2,58,99,000/- for a cloud security subscription for the period spanning from June 01, 2026 to May 31, 2027. The contract was awarded by a leading mutual fund and investment management company, which is classified as a domestic entity.The total value of the orders is stated as Rs. 2,58,99,000/ (Rupees Two Crores Fifty Eight Lakhs Ninety Nine Thousand Only Excluding GST).
The details of the contract award are as follows:
| Detail | Description |
|---|---|
| Entity Awarding Order | Leading mutual fund and investment management company |
| Nature of Order | Cloud security subscription |
| Contract Period | June 01, 2026 to May 31, 2027 |
| Total Consideration | Rs. 2.58 crores |
| Entity Classification | Domestic Entity |
These orders represent the ordinary course of business for Meta Infotech Ltd. The contract is set to be executed within 60 days.
The transaction details highlight that the Promoter or Promoter Group does not have any interest in the entity that awarded the order, and the contract would not fall within related party transactions.
Stock Price Movement
At the close of trade Wednesday, Meta Infotech Ltd settled at ₹78.83, posting a gain of 4.99% for the day. The shares traded completely flat, as the stock's intraday high and low were identical at ₹78.83.Source:
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