Mumbai, Aug. 28 -- Krystal Integrated Services (the company) has received a work order dated 24 August 2026 from The Maharashtra Rajya Sahakari Sangh Maryadit, Pune for provision of manpower services across various districts of Maharashtra for a period of five years. The contract runs from first September 2026 to thirty first August 2031 and has been awarded in the ordinary course of business. The intimation was submitted to BSE and the National Stock Exchange of India as required under the SEBI Listing Regulations. The company is registered in Mumbai and was previously known as Krystal Integrated Services Private Limited.
The work order is recorded as Prashashan/662/2026-27 and pertains to manpower deployment and associated services at locations designated by the awarding society. The order has been categorised as a domestic contract and will be executed in conformity with applicable local regulations and the terms set out in the work order. The company disclosed an approximate contract value of Rs 172.5 million (mn) excluding all applicable taxes, with million (mn) defined on first mention. Revenue arising from the contract will be recognised in accordance with the company's established accounting policies over the duration of the engagement.
The company reported that neither the promoter nor the promoter group has any interest in the awarding entity and that the contract does not amount to a related party transaction. Governance controls and compliance procedures will apply to the execution and invoicing under the contract. Operational deployment schedules and districtwise manpower allocation will be managed under the supervision of the company's operations team.
The award will enhance the company's services portfolio and provide multi-year visibility for its manpower services vertical without creating related party exposure. The company secretary and compliance officer completed the disclosure filing to the exchanges for record and regulatory purposes. No additional material terms beyond those disclosed in the work order were reported.
Published by HT Digital Content Services with permission from Construction World.