Meta Infotech Secures Software Subscription Orders from India's Leading Stock Exchange for Rs 2.4 Crore
Meta Infotech Ltd has received fresh orders totaling Rs 2,40,00,000/- from one of India’s leading stock exchanges and its subsidiary, a domestic company. The contracts pertain to software subscriptions for the period spanning July 1, 2026, to September 30, 2027.The contracts represent a significant business development win for Meta Infotech Ltd. The total order value is Rs 2.40 crores (Rupees Two Crores Forty Lakhs Only Excluding GST), which aggregates two separate orders of Rs 1,19,39,335/- and Rs 1,20,60,665/-, respectively.
While the immediate contract period covers 15 months, the overall commitment spans a total contract period of 3.25 years, with purchase orders anticipated on a year-on-year basis. The provided details confirm that all received orders fall within the ordinary course of business operations for the company. Furthermore, the contracts do not involve any interest from the Promoter or the Promoter Group in the awarding entity, and they are not classified as related party transactions.
Key details regarding the contract awards are summarized below:
| Details | Information |
|---|---|
| Name of Entity Awarding Order(s) | India's Leading Stock Exchange & Subsidiary |
| Nature of Contract | Software subscription |
| Total Consideration (Broad Estimate) | Rs 2.40 crores |
| Time Period Covered | July 1, 2026 to September 30, 2027 |
| Entity Type | Domestic |
The successful procurement of these contracts reaffirms the market position of Meta Infotech Ltd in providing critical software solutions to major financial institutions.
Stock Price Movement
Meta Infotech Ltd settled at ₹73.50 today, rising 5.00% or ₹3.50 on Wednesday after trading slightly higher. The shares moved within a tight intraday band, reaching an intra-day low of ₹73.45 and closing at the day's high of ₹73.50.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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