Rs 129 Crore Contract: This Small-Cap Interiors Company Secures Major Order From Leading IT Company; Share Price Jumps 8%

Om/ 26 Aug 2026 /Categories: Mindshare, Trending

Rs 129 Crore Contract: This Small-Cap Interiors Company Secures Major Order From Leading IT Company; Share Price Jumps 8%

Eleganz Interiors has received a revised contract from one of the leading IT companies, with the contract value increased to approximately Rs 129.109 crore on a net-value basis. The domestic order covers interior fit-out services, including supply, installation and handing over of interior fit-out works.

✨ Key Takeaways

On Wednesday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 57.45 points, or 0.24 per cent, to 24,277.10. Amid the market movement, Eleganz Interiors share price rose 8.08 per cent to Rs 99, gaining Rs 7.40 per share.

Eleganz Interiors Secures Rs 129 Crore Contract

Eleganz Interiors Limited has announced that the terms of a contractor purchase order received from one of the leading IT companies have been modified, with the revised contract amount increased to approximately Rs 129.109 crore (net value).

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The company had originally received the contractor purchase order from the IT company through an earlier communication dated September 11, 2025. The latest disclosure confirms that the terms of the contract have subsequently been modified and the contract value has been increased.

Order Covers Interior Fit-Out Works

According to the company's filing, the order involves interior fit-out services. The scope includes the supply, installation and handing over of interior fit-out works.

The contract has been awarded by a domestic entity and is also classified as a domestic order.

The execution of the order is scheduled to be completed by December 2026. With the revised contract value at approximately Rs 129.109 crore, the order provides execution visibility for the company over the coming months.
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No Promoter Interest in Awarding Entity

Eleganz Interiors has clarified that its promoter, promoter group and group companies have no interest in the entity awarding the contract. Further, The company has also confirmed that the contract does not fall under related-party transactions.

About Eleganz Interiors

Eleganz Interiors Limited is engaged in the interior fit-out services business, with its operations covering the supply, installation and handing over of interior fit-out works. The company undertakes projects for domestic clients, including leading corporate and IT companies, and the latest contract reflects its involvement in large-scale interior fit-out projects.