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Aurionpro Solutions Ltd. — Capital/Financing Update 2024
Mar 5, 2024
60353_rns_2024-03-05_0910ad12-ed28-4f8d-9f82-458e7fce497b.pdf
Capital/Financing Update
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March, 05, 2024
To, To, National Stock Exchange of India Limited The BSE Limited, Exchange Plaza’. C-1, Block G, 25[th] Floor, P. J. Towers, Bandra Kurla Complex, Bandra (E), Fort, Mumbai: 400 001. Mumbai - 400 051. SCRIP CODE: 532668 NSE SYMBOL: AURIONPRO
Sub: Press Release
Dear Sir/Madam,
Please find attached a Press Release titled " Aurionpro Secures Major Order from the Government of Haryana for the issuance of open loop NCMC cards to provide free travel for the families Below Poverty Line."
The disclosure as per SEBI Circular No. SEBI/HO/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure A. This is for your information and records.
Thanking you,
Yours faithfully
For Aurionpro Solutions Limited
Ninad Digitally signed by Prabhakar Ninad Prabhakar Kelkar Date: 2024.03.05 Kelkar 08:33:07 +05'30' Ninad Kelkar Company Secretary
Phone +91 22 4040 7070 [email protected] Fax +91 22 4040 7080 www.aurionpro.com CIN: L99999MH1997PLC111637
Aurionpro Solutions Limited
Synergia IT Park, Plot No. R-270, T.T.C. Industrial Estate, Gautam Nagar, Near Rabale Police Station, Rabale, Navi Mumbai 400701. MH-India.
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Aurionpro Secures Major Order from the Government of Haryana for the issuance of open loop NCMC cards to provide free travel for the families Below Poverty Line
Mumbai – 05[th] March, 2024
Aurionpro proudly announces a significant order win from the Government of Haryana to roll out its ambitious Haryana Antyodaya Parivar Parivahan Yojana (HAPPY) Scheme. This transformative initiative aims to provide free public transportation services to individuals living below the poverty line within the state. Through the issuance of open-loop National Common Mobility Cards (NCMC), eligible individuals will enjoy seamless and free travel upto 1000 km per year per member of the covered family.
Aurionpro is honoured to be entrusted with the implementation of this pivotal project which includes phased issuance of open loop NCMC cards to the entire covered population. Aurionpro is a prominent provider of open-loop technology solutions and will serve as the technology partner for this project, while AU Small Finance Bank joins as the banking partner for card issuance.
The initial phase of this extensive multi-year project, valued close to INR 100 crores, is scheduled for delivery within six months, with subsequent maintenance services to follow thereafter.
Mr. Sanjay Bali, President – Technology Innovation Group, Aurionpro said “ We express our gratitude to the Government of Haryana for selecting Aurionpro as their partner and entrusting us with the opportunity to drive forward this initiative focused on fostering smart and sustainable transportation accessible and affordable to all citizens. Under this scheme, Aurionpro is set to issue 5 million open-loop cards in the initial phase, that could firmly establish our position as one of India's foremost providers of open-loop NCMC cards. We anticipate that this pioneering project will serve as a model for other state governments, further establishing our reputation as the preferred partner for the governments in the smart transit space .”
About Aurionpro Solutions:
Aurionpro Solutions Limited (NSE: AURIONPRO) (BSE: 532668) is an advanced technology solutions company catering to the needs of the Banking, Mobility, Payments, and Government sectors. It converges multiple technology solutions under a single umbrella – Advanced and Accelerated Platform-led Transformation (ADAPT) to the ‘New Digital World’. Headquartered in Mumbai, India, the company serves globally with the expertise and commitment of 2300+ passionate people supporting its journey. For more information, visit www.aurionpro.com
For further information, please contact:
Ninad Kelkar: [email protected] Monikarjun Dutta: [email protected]
For Aurionpro Solutions Limited
Ninad Digitally signed by Prabhakar Ninad Prabhakar Kelkar Date: 2024.03.05 Kelkar 08:33:57 +05'30' Ninad Kelkar Company Secretary
Phone +91 22 4040 7070 [email protected] Fax +91 22 4040 7080 www.aurionpro.com CIN: L99999MH1997PLC111637
Aurionpro Solutions Limited
Synergia IT Park, Plot No. R-270, T.T.C. Industrial Estate, Gautam Nagar, Near Rabale Police Station, Rabale, Navi Mumbai 400701. MH-India.
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The disclosure as per SEBI Circular No. SEBI/HO/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure A. This is for your information and records.
| Sr.No | Particulars | Details |
|---|---|---|
| 1 | Name of the entity awarding the order(s)/contract(s); |
Directorate of State Transport, Government of Haryana |
| 2 | Significant terms and conditions of order(s)/contract(s) awarded, in brief |
Issuance of open-loop National Common Mobility Cards (NCMC) |
| 3 | Whether order(s) / contract(s) have been awarded by domestic/ international entity; |
Domestic Entity |
| 4 | Nature of order(s) / contract(s); | Issuance of open-loop National Common Mobility Cards (NCMC) |
| 5 | Whether domestic or international | Domestic |
| 6 | Time period by which the order(s)/contract(s) is to be executed |
Multi-year project, initial phase is scheduled for delivery within six months followed by the annual maintenance. |
| 7 | Broad consideration or size of the order(s)/contract(s) |
Approximately INR 100 crores for the initial phase of issuance of cards. |
| 8 | 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 |
| 9 | Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at “arm’s length”. |
No |
For Aurionpro Solutions Limited
Ninad Digitally signed by Prabhakar Ninad Prabhakar Kelkar Date: 2024.03.05 Kelkar 09:09:19 +05'30' Ninad Kelkar Company Secretary
Phone +91 22 4040 7070 [email protected] Fax +91 22 4040 7080 www.aurionpro.com CIN: L99999MH1997PLC111637
Aurionpro Solutions Limited
Synergia IT Park, Plot No. R-270, T.T.C. Industrial Estate, Gautam Nagar, Near Rabale Police Station, Rabale, Navi Mumbai 400701. MH-India.