Service Care Limited, a facilities and workforce management solutions provider, has announced the receipt of three new Letters of Intent (LOIs) across its core verticals of Workforce Administration and Workspace Management. The combined value of these new projects is approximately Rs 1.43 crore, and all three contracts span a duration of 12 months.

The company made this disclosure under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, in conjunction with SEBI circular dated 13 July 2023, which mandates the disclosure of material events and developments.

Project Details:

1. Bengaluru (Rs 60 lakhs)
   The company has received a Letter of Intent (LOI) for workspace management services from a well-established biotechnology company in Bengaluru. The engagement will run for a period of 12 months and includes end-to-end workspace operations and facility management.

2. Gujarat (Rs 72 lakhs)
   Service Care Limited also secured an LOI for manpower solutions from a reputed infrastructure and construction firm located in Gujarat. The project involves providing skilled and semi-skilled personnel for various infrastructure-related operations. The tenure for this project is also 12 months.

3. Mumbai (Rs 11 lakhs)
   The third LOI is for workspace management services with another infrastructure company based in Mumbai. The scope includes day-to-day operational management of office premises and basic facility upkeep. This too is a 12 month engagement.

With these three additions, Service Care Limited continues to strengthen its presence in the pan-India workforce and facility management services sector. The projects are expected to generate consistent monthly revenue flow and demonstrate the company’s growing credibility and demand across industrial verticals.

Strategic Importance of the Projects

Each of these projects not only enhances the company’s top-line visibility but also reinforces its long-standing client relationships and geographic reach. The verticals involved — namely Workforce Administration and Workspace Management — are strategic pillars for the company and contribute significantly to its service portfolio.

The consistent flow of new project awards signals a healthy demand pipeline and showcases the company’s ability to cater to dynamic client requirements in high-demand markets such as Bengaluru, Gujarat and Mumbai. The client base spanning biotech, infra and construction sectors also diversifies the company’s risk and enhances sectoral reach.

Compliance and Corporate Governance

In line with its commitment to transparency and governance, Service Care Limited has duly filed the information with the National Stock Exchange (NSE), where it is listed under the scrip code SERVICE. The company has maintained its reputation for timely and complete disclosures, aligned with investor interest and SEBI regulations.

The disclosure was signed by Ms Veena Kulkarni, the Company Secretary and Compliance Officer, and was dated 2 June 2025. The communication underlines the importance the company places on stakeholder engagement and regulatory compliance.

About Service Care Limited

Service Care Limited, formerly known as Service Care Private Limited, is a leading provider of integrated workforce solutions and facility management services across India. The company offers comprehensive service solutions including manpower deployment, workspace operations, asset upkeep, and administrative services.

With its registered office in Domlur, Bengaluru, and over a decade of operational experience, Service Care Limited has emerged as a trusted partner for several major clients across industries. Its clients include biotech firms, infra companies, public sector units and real estate developers.

The company holds a robust position in the Indian outsourcing and staffing industry, aided by its commitment to compliance, customer satisfaction, and operational excellence. It has consistently focused on scaling both its workforce solutions vertical and infrastructure support operations through both organic growth and strategic partnerships.

Forward Strategy

As India’s infrastructure and biotechnology sectors continue to expand, the demand for outsourced support services such as workspace management and manpower solutions is expected to grow. Service Care Limited is well-positioned to capitalise on these trends with its diversified service lines and strong execution capability.

The newly secured projects will serve as a foundation for future cross-selling opportunities, client retention, and references for acquiring similar contracts across new geographies.

In conclusion, these recent LOI-based project wins reinforce Service Care Limited’s growth trajectory and establish its ability to consistently deliver on client expectations in a competitive and regulated market environment.

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