Micro-cap company-led consortium awarded 5-year Karnataka electoral database and printing contract till July 2030
DSIJ Intelligence-1 / 22 Jul 2025/ Categories: Multibaggers, Trending
The stock is up by 16 per cent from its 52-week low of Rs 120.30 per share and has given multibagger returns of over 300 per cent in 2 years.
Atishay Limited has announced that its consortium, with Atishay Limited as the Prime Bidder and Gundal Business Private Limited as the consortium partner, has been awarded a 5-year Rate Contract Work Order by the State Election Commission, Karnataka. This significant contract, valid until July 20, 2030, involves the "Preparation (Generation, Integration & Merging of Electoral Database) and Printing of Photo Electoral Rolls & Other Printing Works activities (Service Tender)" for local body elections across all 31 districts in Karnataka. This is a domestic service tender, with work orders to be issued by the Authority as per their requirements.
The nature of this rate contract means there is no fixed monetary value assigned at the outset; rather, the total consideration will be determined by the actual work orders placed over the five years. Despite the absence of an upfront fixed value, the scale and scope of the project suggest a significant potential value. Atishay Limited has committed to keeping the stock exchange informed of any material developments or updates concerning the execution of this contract.
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About the Company
Incorporated in 1989, Atishay Ltd is an IT consultancy and Services company that offers services of data management, software development, E-Governance, retail fintech, and the implementation of turnkey IT solutions. The company has a market cap of over Rs 150 crore.
Annual Results: The net sales increased by 18 per cent to Rs 51.15 crore, the operating profit increased by 25 per cent to Rs 9.63 crore and the net profit increased by 26 per cent to Rs 7.01 crore in FY25 compared to FY24.
The stock’s 52-week high is Rs 249.90 per share and its 52-week low is Rs 120.30 per share. The stock is up by 16 per cent from its 52-week low of Rs 120.30 per share and has given multibagger returns of over 300 per cent in 2 years.
Disclaimer: The article is for informational purposes only and not investment advice.