Radiant Cash Management Secures ₹35 Crore Order from IDBI Bank
Filing Summary
Radiant Cash Management Services Ltd has secured a significant order from IDBI Bank Limited, as per a regulatory filing dated February 11, 2026. The order involves providing Dedicated Secured Cash Van Business, Cash Delivery, and Pick-up Services across seven zones. The contract is valued at approximately ₹35 Crores, which includes the renewal of existing business worth about ₹15 Crores. The contract duration is set for three years, from April 1, 2026, to March 31, 2029. This order does not involve any related party transactions, and no interest from the promoter group is reported.
Radiant Cash Management Services Ltd has announced the receipt of a Letter of Intent from IDBI Bank Limited for a major order. The disclosure was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order involves the provision of Dedicated Secured Cash Van Business and Cash Delivery & Pick-up Services across seven zones.
The contract is valued at approximately ₹35 Crores, which includes the renewal of existing business amounting to about ₹15 Crores. The services are to be executed over a period of three years, commencing from April 1, 2026, and concluding on March 31, 2029. The order has been awarded by a domestic entity, and there are no related party transactions involved.
The filing confirms that there is no interest from the promoter or promoter group in the entity awarding the contract. The receipt of the work order was documented on February 11, 2026, at 11:00 am, with no delay in reporting noted.
IDBI Bank Limited is a prominent financial institution in India, focusing on providing a wide range of banking and financial services. The bank is known for its extensive network and commitment to enhancing its service offerings through strategic partnerships and contracts.
Radiant Cash Management Services Ltd specializes in cash logistics and management services. The company focuses on providing secure and efficient cash handling solutions, aiming to expand its service offerings through strategic contracts and partnerships with financial institutions.