Trust Fintech Limited Secures 10-Year Purchase Order from KDCC Bank
Trust Fintech Limited has announced that it has secured a significant Purchase Order from KDCC BANK. The contract covers the supply, implementation, integration, and SaaS subscription of Add-On Software Modules, alongside related services.The agreement with KDCC BANK outlines a comprehensive, 10-year contract period. The services provided include both software add-ons and supporting implementations. A key financial term is the escalation clause, which mandates a yearly 5% increase in the software subscription and infrastructure rental/subscription charges starting from the second year.
The transaction, awarded by a domestic entity, carries substantial financial parameters. The initial revenue projected for the first year stands at Rs. 1,76,77,536/- (One Crore Seventy Six Lakhs Seventy Seven Thousand Five Hundred And Thirty Six only). The total contract price for the 10-year period is established at Rs. 22,23,46,148/- (Twenty Two Crore Twenty Three Lakhs Forty Six Thousand One Hundred).
Key details of the Purchase Order received from KDCC BANK are summarized below:
| Particulars | Details |
|---|---|
| Awarding Entity | KDCC BANK |
| Order Type | Purchase Order |
| Nature of Services | Supply, Implementation, Integration, and SaaS Subscription of Add-On Software Modules |
| Contract Period | 10 years |
| First Year Revenue | Rs. 1,76,77,536/- |
| Total Contract Price | Rs. 22,23,46,148/- |
| Annual Escalation | 5% (From Year 2 onwards) |
| Relationship | Not a related party transaction |
TRUST Stock Price Movement
Shares of Trust Fintech Limited are edging higher to ₹37.55 as of 12:14 PM today, gaining 0.40% on the day following a move of ₹0.15. The stock has seen solid activity in live trading, with 7,800 shares traded so far in the session.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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