Trust Fintech Secures Rs. 3.23 Crore Work Order from Maharashtra IT Corporation
Team Finance Saathi
24/Dec/2024

What's covered under the Article:
- Trust Fintech receives Rs. 3.23 crore work order from Maharashtra IT Corporation.
- The project involves design, development, and maintenance of an integrated work management system.
- The contract is a domestic award and not a related party transaction.
Trust Fintech Limited has announced the receipt of a significant work order from the Maharashtra Information Technology Corporation Ltd (MITC), a Government of Maharashtra enterprise. The order pertains to the design, development, and maintenance of an integrated work management information system. This project is a major achievement for the company, which will be responsible for the entire lifecycle of the system as outlined in the work order dated December 23, 2024.
The total value of the project is Rs. 3,23,39,056 (approximately Rs. 3.23 crore), which Trust Fintech will be executing. The contract was awarded by Maharashtra Information Technology Corporation Ltd, located in Mumbai, Maharashtra. The contract is a domestic one, and there are no related party transactions involved, with no interest from the promoter group in the awarding entity.
This development has been shared under the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the requirements outlined in the SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
This contract marks a significant milestone for Trust Fintech, expanding its capabilities in the field of integrated IT systems for government projects. The company has affirmed that no related-party transactions are involved in this deal, ensuring transparency and compliance with the regulatory norms.
Trust Fintech Limited has announced the receipt of a significant work order from the Maharashtra Information Technology Corporation Ltd (MITC), a Government of Maharashtra enterprise. The order pertains to the design, development, and maintenance of an integrated work management information system. This project is a major achievement for the company, which will be responsible for the entire lifecycle of the system as outlined in the work order dated December 23, 2024.
The total value of the project is Rs. 3,23,39,056 (approximately Rs. 3.23 crore), which Trust Fintech will be executing. The contract was awarded by Maharashtra Information Technology Corporation Ltd, located in Mumbai, Maharashtra. The contract is a domestic one, and there are no related party transactions involved, with no interest from the promoter group in the awarding entity.
This development has been shared under the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the requirements outlined in the SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
This contract marks a significant milestone for Trust Fintech, expanding its capabilities in the field of integrated IT systems for government projects. The company has affirmed that no related-party transactions are involved in this deal, ensuring transparency and compliance with the regulatory norms.
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