SBC Exports Secures ₹52.20 Lakh Manpower Supply Order Through NICSI

What Happened ?

key details

Contract Scope:

• The work order has been awarded through the Ministry of Electronics and Information Technology (MeitY) via National Informatics Centre Services Incorporated (NICSI) for manpower supply services. 
• The empanelment covers manpower deployment for NICSI, National Informatics Centre (NIC) and various user departments as directed by NICSI. 
• The company will provide manpower support in accordance with the work orders issued under the empanelment arrangement.

Commercial Terms:

• The total value of the contract is ₹52,19,862, with execution scheduled over six months from the date of allotment. 
• Payments will be made on a monthly basis, depending on the actual duration of manpower services provided at NICSI or the respective user office. 
• The empanelled agency is responsible for timely payment of employee salaries, annual increments, EPF, ESI, bonus, medical insurance, accidental insurance and other applicable statutory benefits before submitting invoices for reimbursement.

Regulatory & Governance Disclosures:

• The company confirmed that the awarding entity is a domestic government entity. 
• SBC Exports stated that none of its promoters, promoter group or group companies have any interest in the entity awarding the contract. 
• The company further confirmed that the contract does not qualify as a related party transaction. 

Note:

• The filing does not disclose expected revenue recognition, operating margins, deployment size or future order opportunities arising from the empanelment.

Risk Analysis

Summary:

• The order provides additional business from a government entity, but the filing does not specify profitability, manpower deployment volumes or the potential for repeat assignments beyond the six-month execution period. 

Key Risks:

• Revenue will depend on the actual manpower services deployed during the contract period. 
• The company remains responsible for statutory employee obligations, including salaries, EPF, ESI, insurance and other benefits. 
• The filing does not disclose the number of personnel to be deployed or expected operating margins. 
• No information has been provided regarding extension options or additional work orders beyond the current contract period.

Worst Case:

• Lower-than-expected manpower deployment or delays in project execution could reduce the revenue generated under the contract.

Risk Level: Low

Company Commentary

• SBC Exports informed the stock exchanges that it has received the manpower supply work order through the Ministry of Electronics and Information Technology via NICSI. 
• The company confirmed that the contract will be executed over a six-month period in accordance with the terms of the empanelment. 
• Management disclosed that there is no promoter or related-party interest in the awarding entity, and the transaction does not constitute a related-party transaction.