Protean eGov Technologies Limited – Announcement (NSE: PROTEAN, BSE: 544021)

Introduction

Protean eGov Technologies Limited (CIN L72900MH1995PLC095642) has filed an intimation with both the National Stock Exchange of India (NSE) and BSE Limited, notifying investors that it has received a work order from the Government of Arunachal Pradesh for the design, development, implementation, and maintenance of the Arun Parivar Patra (APP) – State Family Registry Platform.

Key Highlights of the Contract

• Contract Value: INR 5.99 Crore (inclusive of taxes)
• Awarding Entity: Government of Arunachal Pradesh (domestic)
• Scope of Work:
  • Design & development of a unified digital family registry
  • Mobile‑based registration, data validation, and integration with multiple government departments
  • Dashboards, reporting, testing, training, and Go‑Live support
• Project Timeline:
  • Implementation: 12 months
  • Operations & Maintenance (O&M): 36 months
  • Total Tenure: 48 months (4 years)
• Strategic Significance:
  • Strengthens Protean’s presence in the North‑East Indian government‑digital ecosystem
  • Opens potential for similar family‑registry initiatives in other states

Regulatory & Compliance Disclosure

• The announcement complies with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• Detailed disclosure as required under SEBI Circular SEBI/HO/CFD/CFD‑PoD‑1/P/CIR/2023/123 (dated 13 July 2023) is provided in Annexure A of the filing.
• The company confirms that:
  • The promoter group has no interest in the awarding entity.
  • The contract does not constitute a related‑party transaction and is executed at arm’s length.

Annexure A – Summary of Contract Details

Item	Details
Awarding Entity	Government of Arunachal Pradesh
Nature of Order	IT project – milestone‑based hiring of agency for design, development, implementation, and maintenance of the APP platform
Contract Size	INR 5.99 Crore (incl. taxes)
Execution Period	48 calendar months from contract signing
Domestic/International	Domestic
Related‑Party Status	No; arm’s‑length transaction

Investor Takeaway

• Revenue Opportunity: The INR 5.99 Crore contract adds a multi‑year revenue stream, with the first 12 months focused on implementation and the subsequent 36 months on O&M services.
• Geographic Expansion: This win enhances Protean’s footprint in the North‑East region, potentially facilitating future government digital projects across other states.
• Compliance Assurance: The filing meets SEBI disclosure requirements, and there are no conflicts of interest or related‑party concerns associated with the contract.

The full disclosure and annexure are available on the company’s website: https://www.proteantech.in.