Service Care Limited, formerly known as Service Care Private Limited, has announced the successful allotment of new projects under its Workforce Administration and Work Space Management business verticals. The disclosure was made on May 1, 2025, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and is also aligned with SEBI Circular No. SEBI/HO/CFD-CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.

According to the official communication sent to the National Stock Exchange of India (NSE), Service Care Limited has received Letters of Intent (LOIs) for two key contracts located in Chennai:

1. Workforce Management Project:
   The company has secured a workforce management contract from a reputed infrastructure and construction company. The total estimated value of this contract is ₹45 Lakhs, and the tenure for the project is 12 months. This project will likely involve comprehensive management of manpower resources for the client’s infrastructure operations.

2. Workspace Management Project:
   Another workspace management contract has been received from a leading automobile company. This contract is also for a 12-month tenure and has an approximate value of ₹12 Lakhs. It will involve managing workplace operations and services to ensure smooth and efficient facility functions for the client.

With these two contracts, the company has added a combined project value of ₹57 Lakhs to its revenue stream for the upcoming financial year. This not only strengthens Service Care’s presence in Chennai but also reinforces its capabilities across multiple service verticals.

These contract wins are crucial as they underscore Service Care Limited’s expanding portfolio in the service delivery sector, especially in strategic regions such as Chennai, a key industrial and corporate hub. The company's expertise in handling workforce logistics and managing workspace environments has been a driving factor in its growing customer base.

The company has emphasized that the announcement is being made to ensure transparency with investors and stakeholders. There are no related party transactions involved, and the promoters or promoter groups have no interest in these specific contracts. Thus, the awards are fully compliant with corporate governance norms and SEBI mandates.

This development reflects Service Care Limited’s ongoing strategy to diversify its client base and deepen its reach within the core sectors of infrastructure and automotive. With India's growing emphasis on professional service management across sectors, the company is well-positioned to tap into this expanding market.

The projects also signify a positive revenue outlook for the company in FY2025–26, as both contracts span a full year and provide recurring service-based income. The Chennai market, known for its industrial and commercial density, offers further opportunities for the company to scale operations and possibly convert these contracts into long-term engagements.

As a company listed on NSE under the code SERVICE, Service Care continues to keep the exchange and its stakeholders informed with timely disclosures. The firm's registered office is located in Domlur, Bengaluru, Karnataka, and its steady stream of project wins highlights a robust operational framework and consistent client trust.

In conclusion, the allotment of these two new contracts not only brings in significant revenue but also demonstrates Service Care Limited’s strategic execution in acquiring and delivering service solutions in key markets. With a strong focus on compliance, quality service delivery, and stakeholder communication, the company continues to build a strong reputation in India’s growing managed services industry.

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