Krystal Integrated Services Ltd

Work order details

• Awarding entity: The Maharashtra Rajya Sahakari Sangh Maryadit, Pune.
• Scope: Manpower services in various districts of Maharashtra.
• Contract value: Rs 17.25 crore excluding taxes.
• Term: 5 years from September 01, 2026 to August 31, 2031.
• Domestic order; awarded in ordinary course of business.
• No promoter group interest or related party transactions.

IR services agreement termination

• Krystal terminates Investor Relations Services Agreement with Adfactors PR Private Limited, effective August 24, 2026.
• Original agreement executed June 17, 2024; amendment dated May 2, 2025.
• Termination rationalizes scope of Investor Relations services; no expected material business impact.
• Adfactors PR Private Limited has NIL shareholding in Krystal; not a related-party transaction.
• Not a related-party transaction; no promoter group relationship.

Order details

• Awarding entity: Maharashtra State Road Transport Corporation (MSRTC).
• Nature and scope: Integrated Facility Management Services in Mumbai and Chhatrapati Sambhaji Nagar.
• Contract value: Rs 134 crore approx including taxes.
• Contract period: 3 years.
• Domestic entity.
• Work Order No. ST/PM/MKT/1158 dated August 18, 2026.
• Contract awarded in ordinary course of business.
• Promoter group interest: none.
• Related party transactions: not applicable.

Transaction details

• Krystal acquires 100% equity stake in Citelum India Private Limited.
• Citelum India becomes a wholly owned subsidiary of Krystal.
• Acquisition enables Krystal's entry into city lighting and urban infrastructure.
• Target annual revenue from the new vertical: ₹300-350 crore in 3-4 years.
• Capex planned at ₹100 crore for engineering and expansion.
• Scale operations to 30-40 cities across 12-15 states.
• Infra services expected to contribute 12-15% of revenues.

Strategic rationale and outlook

• Entry into city lighting and urban infrastructure supports energy-efficient public projects.
• Integrates Citelum India's capabilities with Krystal’s facility management platform.
• Broadens end-to-end infra services for long-term operations and maintenance (O&M).
• Plans to develop smart lighting, metering and EV charging capabilities.
• Management notes potential for ~5,000 new jobs as scale grows.
• Management views acquisition as milestone in growth journey.

Order details

• Awarding entity: Government of Maharashtra, Urban Development Department, Swachh Maharashtra Mission (U) 2.0.
• Scope: Development of STPs, I&D and sewer network on EPC basis for Pune and Nagpur.
• Pune order value: Rs 160,12,30,000 including GST.
• Nagpur order value: Rs 579,94,00,000 including GST.
• Company's share: 40% in consortium, Rs 64,04,92,000 (Pune) and Rs 231,97,60,000 (Nagpur).
• Aggregate value: Rs 740,06,30,000 including GST; company share Rs 296,02,52,000.
• Contract duration: 2 years.
• Contract type: EPC for STPs, I&D and sewer network.
• Domestic entity; no international counterparty.
• Promoter/related party: No promoter interest; no related party transactions.

Issue overview

• Type of issue: IPO; securities: equity shares.
• Total issue size and net proceeds: no revision or undersubscription reported.
• Main objectives: debt repayment, working capital, capex for machinery, GCP.

Utilisation of proceeds

• Utilisation status: no proceeds utilised in the reported quarter.
• Repayment of borrowings: fully utilised.
• Working capital: fully utilised.
• Capital expenditure for machinery: fully utilised.
• GCP: fully utilised.
• Unutilised funds: small balance in public offer account.
• Possible transfer of surplus to monitoring account in coming quarters.

Governance and compliance

• Statutory approvals for objects: not applicable.
• No material events or information affecting viability reported.
• Means of finance unchanged.
• No deviation from disclosures reported.

GCP

• GCP utilised fully; components include growth, marketing, IT, debt servicing, equipment.
• Board approval for GCP allocation not specified in the report.

Order details

• Awarding entity: Maha Mumbai Metro (M3) Operation Corporation Limited (Domestic).
• Nature and scope: Facility Management Services—Housekeeping, Facade and Internal Roof Cleaning for Mumbai Metro Line 4/4A Package 4.
• Contract value: Rs 33,05,48,009.76 including GST.
• Execution period: 3 years.
• LOA details: LOA No MMMOCL/OP/STN/2026/47 dated July 28, 2026.
• LOA receipt date: July 30, 2026.
• Promoter/related-party: No promoter/group interest; arm's length.
• Award is domestic; no international involvement.
• Material impact: Not disclosed.

Meeting Details

• Board meeting scheduled for August 04, 2026; time and venue not disclosed.

Key Agenda Items

• Un-audited consolidated and standalone financial results for quarter ended June 30, 2026 to be considered and approved.

Other Notes

• Trading window for insiders closed from July 01, 2026 to 48 hours after results declaration.