ITCONS E-Solutions Bags INR 2.62 Crore HAL Contract 

ITCONS E-Solutions Limited secured a new domestic contract from Hindustan Aeronautics Limited (HAL) related to deployment-based manpower services for a fixed two-year term.

The company disclosed this under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The filing, addressed to BSE Limited (Scrip Code: 543806; Symbol: ITCONS), specifies that the aggregate contract value stands at INR 2,61,95,269.14 (Rupees Two Crore Sixty-One Lakh Ninety-Five Thousand Two Hundred Sixty-Nine and Fourteen Paise), inclusive of applicable duties and taxes.

Contract Scope and Regulatory Particulars

According to the exchange submission dated February 272026, and digitally signed by Pooja Gupta, Company Secretary & Compliance Officer, the engagement has been awarded by Hindustan Aeronautics Limited, Department of Defence Production, Ministry of Defence.

The mandate covers deployment of 43 resources under a manpower outsourcing services arrangement. Execution is scheduled to commence on March 3, 2026 and continue until March 2, 2028, unless extended by mutual consent.

The disclosure was made pursuant to Regulation 30 read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Under the framework, listed entities must intimate material awards of orders or contracts, including counterparty details, consideration size, execution timeline and related-party status.

ITCONS confirmed that the order does not fall within related party transactions and that neither the promoter nor promoter group entities hold any interest in the awarding entity.

Share Price Movement On February 27, 2026

Shares of ITCONS E-Solutions closed at INR 349.95 on February 272026, down 2.47% from the previous close of INR 358.80, according to exchange data as of 3:40 pm IST.

The stock traded between an intraday high of INR 366.95 and a low of INR 342.00. Market capitalisation stood at approximately INR 315.25 crore, with a reported price-to-earnings ratio of 40.70. So far this session, the scrip remained below its 52-week high of INR 620.00.

Company Background

ITCONS E-Solutions Limited operates in the human resource outsourcing and staffing segment, providing manpower deployment, payroll management and related compliance services to public and private sector clients. The company is listed on the BSE under Scrip Code 543806.

Hindustan Aeronautics Limited is a Government of India enterprise under the Ministry of Defence engaged in aerospace and defence manufacturing, including aircraft production and maintenance services.

Conclusion

The order adds INR 2.62 crore to ITCONS’ executable order book over a two-year horizon. While modest relative to broader defence procurement outlays, the award underscores continued engagement with central government entities. Further revenue recognition will depend on phased deployment and contractual billing milestones as stipulated in the agreement.

Source:

• https://www.bseindia.com/xml-data/corpfiling/AttachLive/ee45816b-e36f-49bd-bb70-7e66b9999813.pdf
• https://www.bseindia.com/stock-share-price/itcons-e-solutions-ltd/itcons/543806/