Atishay Limited Secures ₹33.67 Lakh Maharashtra SHAS Order for PVC Ayushman Cards

Atishay Limited informed the BSE on 19 February 2026 that it has received an additional work order worth ₹33.67 lakh from the Government of Maharashtra’s State Health Assurance Society (SHAS) for the printing of PVC Ayushman Cards, as disclosed under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Atishay Limited operates in the e-governance and IT-enabled services segment, with capabilities spanning identity management and secure document printing solutions. The company noted in its disclosure that it has been awarded similar assignments for printing and supplying Ayushman Cards in other states, including Odisha, Haryana, Chhattisgarh and Maharashtra.

The latest order, while relatively modest in size, adds to its existing order book in the public healthcare documentation space and extends its ongoing engagement with state-level authorities.

Maharashtra SHAS Awards PVC Ayushman Card Printing Contract

In its filing dated 19 February 2026 (Ref: ATL/LH/26-27/1138), the company stated that the order has been awarded by the Government of Maharashtra, State Health Assurance Society (SHAS), under the Integrated Ayushman Bharat Pradhan Mantri Jan Arogya Yojana and the Mahatma Jyotirao Phule Jan Arogya Yojana.

The contract relates to the printing of PVC Ayushman Cards for three districts in Maharashtra Satara, Kolhapur and Sangli. As per the disclosure, the printed cards are to be delivered to the respective Taluka Health Officers (THO) and Medical Officers of Health (MOH) of the concerned Municipal Corporations. The execution is to follow operational guidelines prescribed by the National Health Authority, New Delhi.

The total contract value stands at ₹33.67 lakh (inclusive of GST), with a completion timeline of 180 days from the date of issuance of the work order.

In Annexure A to the filing, the company clarified that the awarding entity is domestic in nature and that the transaction does not fall under related party transactions. It further confirmed that neither the promoters nor promoter group entities have any interest in the awarding authority.

Stock Market Snapshot

As of 19 February 2026, on the BSE, Atishay Ltd share price closed at ₹178.10, down ₹3.70 or 2.04%, even as the company disclosed the new order. The stock opened at ₹182.00, hit an intraday high of ₹188.00 and a low of ₹178.00 during the session. The company has a market capitalisation of ₹195.58 crore and a price-to-earnings ratio of 25.47. Its 52-week high stands at ₹219.00, while the 52-week low is ₹117.00. Atishay Ltd offers a dividend yield of 0.56%, with a quarterly dividend amount of ₹0.25 per share.

The ₹33.67 lakh order from Maharashtra SHAS adds incremental revenue visibility for Atishay Limited over the next six months. The company is required to complete execution within 180 days, with deliveries aligned to district-level health administration as specified in the regulatory filing dated 19 February 2026.

source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/1457f714-3493-4b2d-91c0-23ba1873f2ce.pdf