Services
GST Registration Online
Atishay Limited Wins ₹1.50 Crore Work Order for RCS Office Computerization
Team Finance Saathi
06/Jan/2025
What's covered under the article:
- Atishay Limited has secured a ₹1.50 crore work order for the computerization of RCS offices in Himachal Pradesh.
- The project is part of the Ministry of Cooperation’s initiative to modernize and digitize the operations of RCS offices across the nation.
- The work order is compliant with SEBI regulations, with details provided in Annexure A.
Atishay Limited, a prominent player in the IT services and software development sector, has recently secured a prestigious work order valued at ₹1.50 Crores (Rupees One Crore Fifty Lakhs only) for the computerization of all Registrar of Cooperative Societies (RCS) offices in Himachal Pradesh. The work order comes from the Director of Cooperation, Himachal Pradesh, under the Ministry of Cooperation, as part of a national effort to enhance the efficiency and modernize the operations of RCS offices across States/UTs in India.
This work order is part of the broader Government of India initiative, titled "Strengthening of Cooperatives through IT Interventions." The project aims to implement an integrated digital portal that will streamline and digitize key processes and functions of RCS offices. Atishay Limited will develop and deliver software solutions designed to automate and simplify the critical workflows of these offices, ensuring a more efficient and transparent system.
The work order includes the full implementation of the required IT modules and integration into the digital platform, which will serve as the backbone for the digital transformation of the RCS offices in Himachal Pradesh. The project is expected to be completed within 15 months, marking a significant milestone for Atishay Limited in terms of both its revenue generation and project execution capabilities.
Atishay Limited’s involvement in such a significant national project reflects its proven track record in IT and software development. The company has continuously demonstrated its ability to deliver complex projects, and this work order will further enhance its market credibility and reputation. The company is optimistic that the successful execution of this project will not only meet the expectations of the concerned authorities but will also significantly contribute to its revenue growth and profitability.
In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Atishay Limited has provided the necessary details as required by the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and has shared them in the attached Annexure A. These details include key project terms, the nature of the contract, the project timeline, and the financial consideration of ₹1.50 Crores.
In the annexed details, Atishay Limited also confirms that the work order is awarded by a domestic entity and that there is no interest from the promoter group or related parties involved in the contract. This ensures that the project complies with the provisions set forth by SEBI regulations, confirming that there are no conflicts of interest or related-party transactions.
Atishay Limited’s efforts to strengthen the cooperative sector through IT interventions is a notable contribution to India’s modernization agenda. The company is committed to providing cutting-edge technology solutions that help streamline government operations and improve overall service delivery to the public.