Quick Heal Technologies Secures INR 64 Crore Cybersecurity Contract
Filing Summary
Quick Heal Technologies Ltd has entered into a contract with the NFSU Research and Innovation Council for the implementation of integrated cybersecurity solutions. The contract, valued at INR 64 Crore, is set to be executed over a five-year period. This domestic engagement is part of Quick Heal’s ongoing efforts to deliver comprehensive cybersecurity solutions. The contract does not involve any related party transactions, and there is no interest from the promoter group in the awarding entity. This development aligns with Quick Heal’s strategic objectives in the cybersecurity domain.
Quick Heal Technologies Ltd has announced the acquisition of a contract with the NFSU Research and Innovation Council for the implementation of integrated cybersecurity solutions. The contract, valued at INR 64,25,25,000, is to be executed over a period of five years. This engagement is domestic in nature and does not involve any related party transactions.
The contract involves the provision of comprehensive cybersecurity solutions, marking a significant commercial engagement for Quick Heal. The company has stated that this initiative aligns with its ongoing cybersecurity business and supports its strategic objective of delivering cybersecurity solutions to its customers. The scope and value of this contract represent a milestone in Quick Heal’s collaboration with government institutions.
There is no interest from the promoter or promoter group in the entity that awarded the contract. The contract does not fall within related party transactions, and it has been confirmed that the agreement was executed at arm’s length.
The NFSU Research and Innovation Council is an institution of national importance under the Ministry of Home Affairs. It focuses on research and innovation in various fields, including cybersecurity, and collaborates with organizations to enhance security measures and solutions.
Quick Heal Technologies Ltd is a leading provider of cybersecurity solutions, focusing on delivering robust security measures to protect digital environments. The company prioritizes advancing its cybersecurity offerings and fostering a resilient digital ecosystem. Quick Heal continues to expand its portfolio through strategic engagements and collaborations in the cybersecurity domain.