On November 20, 2024, Dynamic Services & Security Limited disclosed that it has received a Letter of Award (LoA) from the Government of West Bengal, specifically the Health Department, for the provision of scavenger personnel at various healthcare facilities in Howrah and Uluberia. This announcement, made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provides essential details regarding the awarded contract.

Contract Details

The contract involves the deployment of scavenger personnel at two key locations in West Bengal:

1. Uluberia at the Udaynarayanpur SGH (6 scavengers required)
2. Howrah at the T.L.J. SGH (10 scavengers required)

The total contract value is Rs. 70,00,000 (Seventy Lakh Rupees), and the duration of the contract is three years. The commencement date for the contract is 1st December 2024, and it is expected to conclude by 30th November 2027.

Scope of Work and Responsibilities

Dynamic Services & Security Limited is tasked with providing scavenger personnel to maintain cleanliness and hygiene at the healthcare facilities under the contract. The scavenger services are critical for ensuring sanitation and are part of the Government of West Bengal’s efforts to maintain cleanliness and health standards at its health facilities. The company is expected to meet the staffing requirements at the designated locations as stipulated in the agreement.

Commercial Terms and Duration

As per the terms and conditions of the contract, the company will provide scavenger personnel for the specified health facilities in the required numbers, with the total consideration for the contract being Rs. 70 Lakhs over the three-year period. The contract is structured with fixed milestones, ensuring that the required staffing levels are maintained for the duration of the agreement.

Additional Information

The announcement clearly states that the contract is awarded by a domestic entity and confirms that there are no related party transactions involved. It also affirms that the contract is awarded at arm's length with no interest from the company's promoters or promoter group in the awarding entity.

This contract win is a strategic expansion for Dynamic Services & Security Limited in the government services sector, reflecting its capability to handle large-scale contractual obligations in the healthcare sector.

Timeline and Future Outlook

The contract's timeline of three years provides a stable revenue stream for the company. As the project progresses, Dynamic Services & Security will focus on efficient delivery of the required services, ensuring compliance with the health department's standards.

This move highlights the company’s growing presence in the government sector and reinforces its commitment to sanitation and security services across various domains.

Compliance with SEBI Regulations

This disclosure is made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, in line with the company's commitment to transparency. The full details of the contract, including the terms and conditions, are provided in the Annexure 1 of the filing, ensuring that investors and stakeholders are kept informed about the company’s ongoing projects.

This contract reinforces Dynamic Services & Security Limited’s reputation as a reliable service provider in the security and sanitation space, with the potential for future government contracts in the healthcare and other essential services sectors.

For ongoing updates, stakeholders can follow the company’s official communications and stay informed about further developments regarding this significant government order.

The Upcoming IPOs in this week and coming weeks are Lomosaic India, C2C Advanced System, Enviro Infra, Rajesh Power Services, Rajputana Biodiesel, Rosmerta Digital, Avanse Financial and Nisus Finance.

For those interested in exploring financial independence, investment opportunities, and learning about current affairs, platforms like Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today provide excellent resources for growing your knowledge and wealth. Additionally, staying informed through Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News can keep you updated on the latest trends in the world of finance.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for regular Share Market, News & IPO Updates.

Start your Stock Market Journey and Apply in IPO by Opening a Free Demat Account in Choice Broking FinX.