Mumbai, June 23, 2025: Trust Fintech Limited (NSE: TRUST), a leading provider of banking software solutions, has announced that it has secured a significant work order worth ₹5.05 crore from Sree Charan Souharda Co-operative Bank Ltd. The order pertains to the deployment of its TrustBank Core Banking Solution (CBS) under the ASP (Application Service Provider) Model, with a contract term of 5 years.

The announcement was made through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, accompanied by the prescribed disclosure format from SEBI circular dated July 13, 2023.

Key Details of the Order:

This non-related party domestic contract adds to Trust Fintech’s growing footprint in India’s cooperative banking space and strengthens its product-as-a-service model. The ASP Model allows the bank to access CBS functionalities via the cloud, reducing IT infrastructure costs and improving scalability.

What is TrustBank CBS?

TrustBank CBS is a comprehensive core banking software suite offered by Trust Fintech Limited. It provides modular features such as:

• Customer account management

• Loan and deposit automation

• Real-time transaction processing

• Reporting, compliance, and analytics tools

Under the ASP model, the software is hosted and managed by Trust Fintech, allowing co-operative banks and smaller financial institutions to enjoy enterprise-level tech at optimized costs.

Implications for Trust Fintech

With this order, Trust Fintech continues to:

• Expand its customer base in India’s fast-growing co-operative banking sector

• Strengthen its SaaS/ASP delivery model, gaining recurring revenue streams

• Support India’s digital banking transformation, especially in Tier 2 and Tier 3 cities

The ₹5.05 crore deal adds strategic depth to Trust Fintech’s order book and aligns with its long-term growth roadmap in the fintech services segment.

Official Confirmation

The update was signed by Mr. Hemant Chafale, Managing Director of Trust Fintech Limited, confirming that:

“This order reflects our strong capabilities in delivering cutting-edge, scalable banking software to India’s evolving financial ecosystem.”

He also affirmed that there is no promoter or related party involvement in this deal, ensuring compliance with SEBI's governance standards.

About Trust Fintech Limited

Trust Fintech Ltd is a publicly listed software company (NSE Symbol: TRUST, ISIN: INE0SWN01019) focused on delivering banking, finance, and fintech solutions. With a robust suite of digital banking platforms, Trust Fintech serves cooperative banks, NBFCs, and small finance banks across India.

Corporate Office:
Aditya Enclave, Nagpur
Website: www.trustfintech.com
Investor Email: investor@trustfintech.com

Conclusion

The ₹5.05 crore order from Sree Charan Souharda Bank represents a significant business win for Trust Fintech and reiterates its leadership in digital banking enablement for co-operative financial institutions. With a growing pipeline and trusted software portfolio, the company remains well-positioned to tap into India’s rising digital banking demand.

Disclaimer

This article is for educational and informational purposes only. It does not constitute investment advice. IPO investments are subject to market risks, and the Grey Market Premium is not officially regulated. Investors are advised to consult a SEBI-registered financial advisor before investing.

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