Atishay Ltd Share Price – BSE

IT - Software, Small Cap

Atishay has received a Letter of Acceptance (LOA) from RajCOMP Info Services (RISL), a Government of Rajasthan Undertaking, for engagement as a Local Service Provider (LSP) for setting up and managing e-Mitra kiosks (Urban and Rural) across the allotted divisions in the State of Rajasthan. The Company has confirmed its acceptance as LSP for the Divisions applied for, namely Ajmer, Bikaner, and Jaipur.

The company has, over the past several years, been actively engaged in e-Governance service delivery, including the execution, management, and operation of various Government service centres and kiosks in the State of Rajasthan.

The company has established a strong and credible operational track record, with demonstrated capability in setting up, managing, and delivering ICT-enabled citizen services through kiosk-based models supported by trained manpower, robust technology platforms, and effective field-level infrastructure.

The engagement is a revenue-share arrangement, wherein no fixed contract value has been prescribed. Revenue accrues to the company based on the actual number of transactions processed through the e-Mitra kiosks. Accordingly, the overall contract value will therefore vary depending on transaction volumes generated during the engagement period and is presently not quantifiable.

Under the LOA, Atishay shall be responsible for setting up and managing e-Mitra kiosks across the allotted districts, including manpower deployment, operational and technical support, kiosk training, compliance with RISL guidelines, service delivery monitoring, and initiatives aimed at enhancing transaction volumes. The duration of the engagement is 5 years.

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Net profit of Atishay rose 26.21% to Rs 1.83 crore in the quarter ended September 2025 as against Rs 1.45 crore during the previous quarter ended September 2024. Sales rose 37.97% to Rs 17.95 crore in the quarter ended September 2025 as against Rs 13.01 crore during the previous quarter ended September 2024.

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Atishay will hold a meeting of the Board of Directors of the Company on 16 October 2025.

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The engagement is designed to support GEL?s dynamic, project-based staffing requirements over the next year.

The contract, awarded to multiple vendors including Atishay, is structured on a rate contract basis with no fixed monetary value at the outset. Actual resource deployment will be determined by GEL?s manpower requirements during the contract period. The contract remains valid for one year from the issuance date of each specific work order.

GEL has stated that manpower demands will be raised on a case-to-case basis, depending on project needs. This flexible structure enables the organisation to scale IT staffing efficiently, aligning with ongoing and future e-governance and digital transformation initiatives in the state.

The contract is awarded by a domestic entity and applies exclusively to domestic operations. Atishay confirmed that the award does not constitute a related party transaction, and neither the promoter nor group companies have any interest in GEL.

This empanelment supports GEL?s broader mission to modernize government infrastructure through agile and cost-effective staffing, leveraging external IT expertise while ensuring administrative oversight.

The development is expected to bolster Atishay?s presence in the government IT services sector, providing the company with additional opportunities to contribute to public sector digital initiatives.

Atishay is primarily engaged in the business of Information Technology, Database management, Software Development, E-Governance and Fintech Services.

The company?s standalone net profit jumped 52.8% to Rs 1.65 crore on 21.2% rise in revenue from operations to Rs 12.20 crore in Q1 FY25 over Q1 FY24.

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