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Aptech Ltd. — Capital/Financing Update 2024
Jun 5, 2024
60838_rns_2024-06-05_c07ba19f-00d4-48ee-954d-548c9ebc3994.pdf
Capital/Financing Update
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Aptech Limited Regd. office: Aptech House A-65, MIDC, Marol, Andheri (E), Mumbai - 400 093. T: 91 22 6828 2300 / 6646 2300 F: 91 22 6828 2399 www Aptech-worldwide corn
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June 5, 2024
To, BSE Limited 25[th ] Floor, P J Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 532475 Email: [email protected]
To,
National Stock Exchange of India Limited Exchange Plaza, Plot no. C/1, G Block, BandraKurla Complex Bandra (E), Mumbai - 400 051. Symbol: APTECHT Email: [email protected]
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”)
Pursuant to Regulation 30 of SEBI LODR and Aptech Limited’s (“ Aptech ”) Policy on Determination of Materiality of Events and Information for Disclosure to the Stock Exchanges (“ Materiality Policy ”), this disclosure is made in order to inform that Aptech has received a Contract with an autonomous scientific society (“said Body”) under the administrative control of Ministry of Electronics & Information Technology, Government of India to conduct computer-based tests for the territory of India as per the scope of services in accordance with the Contract.
Additional information required to be disclosed, in accordance with SEBI Circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, issued in connection with Regulation 30 of SEBI LODR has been set out under Annexure A .
Aptech is a significant player in the institutional and training business and has over two decades of experience in the business of training and skilling.
This is for your information and record.
Yours faithfully
For Aptech Limited
Digitally signed AKSHAR by AKSHAR KRISHNAKU KRISHNAKUMAR BIYANI MAR BIYANI Date: 2024.06.05 22:12:02 +05'30'
A K Biyani Company Secretary & Compliance Officer Membership No.: F8378
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Aptech Limited Regd. office: Aptech House A-65, MIDC, Marol, Andheri (E), Mumbai - 400 093. T: 91 22 6828 2300 / 6646 2300 F: 91 22 6828 2399 www Aptech-worldwide corn
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ANNEXURE A
DISCLOSURE OF DETAILS OF THE MOU IN ACCORDANCE WITH SEBI CIRCULAR, SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123, DATED JULY 13, 2023
| Sr. No. | Particulars | Details |
|---|---|---|
| (a) |
Name of the entity awarding the order(s)/contract(s) |
Autonomous Scientific Society under the administrative control of Ministry of Electronics & Information Technology, Government of India |
| (b) |
Significant terms and conditions of order(s)/contract(s) awarded in brief |
Aptech has been awarded the Contract from the said body to conduct Computed based tests across the territory of India as per the scope of services in accordance with the contract. Significant terms and conditions of the Contract are as follows: A. The Contract is issued by the said body to Aptech Limited. B. The tenure of the work to be one-year extendable to another year subject to satisfactory milestone-based deliverables by Aptech to said body. C. The work which is to be carried out by Aptech to include Pre-Examination, During Examination and Post Examination Activities. D. The Contract has specific Terms and Conditions, Statement of work, Respective deliverables, Service Level Agreement, financials etc. |
| (c) |
Whether order(s) / contract(s) have been awarded by domestic/ international entity |
Domestic entity |
| (d) |
Nature of order(s) / contract(s) | Contract |
| (e) |
Whether domestic or international | Domestic |
| (f) |
Time period by which the order(s)/contract(s) is to be executed |
One-year Contract and extendable to another year subject to satisfactory milestone-based deliverables to said body |
| (g) |
Broad consideration or size of the order(s)/contract(s) |
Estimated revenue of around Rs.4.56 Crores subject to satisfactory milestone-based deliverables to said body |
| (h) |
Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof. |
No |
| (i) |
Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at “arms length”? |
No |
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