Bartronics India Secures Order from Maharashtra Gramin Bank
Filing Summary
Bartronics India Ltd has received a purchase order from Maharashtra Gramin Bank for the empanelment as a Corporate Business Correspondent Service Provider. The agreement, subject to a Service Level Agreement and a Performance Bank Guarantee of ₹25,00,000, is to be executed within 30 days of acceptance. The initial contract period is three years, with potential extensions at the bank’s discretion. The financial terms will be finalized upon execution. This order is part of Bartronics India’s regular business activities.
On 11th November 2025, Bartronics India Ltd announced the receipt of a purchase order from Maharashtra Gramin Bank. The order pertains to the empanelment of Bartronics as a Corporate Business Correspondent Service Provider. This disclosure was made in accordance with Schedule III (Part A) of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The agreement requires the execution of a Service Level Agreement (SLA) and the provision of a Performance Bank Guarantee amounting to ₹25,00,000. The order is classified as a domestic contract, with the nature of the order being the provision of Corporate Business Correspondent services to Maharashtra Gramin Bank. The agreement is to be executed within 30 days from the acceptance of the purchase order.
The initial term of the contract is set for three years. The contract period may be extended at the sole discretion of Maharashtra Gramin Bank. The consideration for the services will be determined based on the terms outlined in the SLA and the commission structure, which will be finalized at the time of execution.
There is no involvement of the promoter or promoter group in the entity awarding the contract, and the transaction does not fall within related party transactions. The order is part of Bartronics India’s normal business activities.
Maharashtra Gramin Bank is a regional rural bank in India, focusing on providing financial services to the rural population. The bank aims to enhance its service delivery through partnerships with service providers like Bartronics India.
Bartronics India Ltd specializes in providing technology solutions, including smart card-based solutions and automatic identification and data capture technologies. The company focuses on expanding its service offerings in the financial sector through strategic partnerships and contracts.