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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Innovision Ltd

Innovision wins Rs. 1.50 Crore manpower supply order from Khandwa Municipal Corporation

ORDERS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 28 Apr 2026, 05:32 PM IST  ·  BSE ID: d8d650c8-9194-4b2b-a3e1-41b94e9a48a3
View Original BSE Filing (PDF)
💡
In Simple Terms
Innovision won a contract to supply workers to a municipal corporation in Khandwa for Rs. 1.50 Crore annually.
🤖 AI Summary
  • Innovision awarded manpower supply order from Khandwa Municipal Corporation, Madhya Pradesh
  • Order value: Rs. 1,50,00,000 (One Crore Fifty Lacs) for annual execution period
  • Scope: supply of highly skilled, skilled, semi-skilled, unskilled workers on outsource basis
  • Order granted 25 April 2026, received 27 April 2026 via competitive bidding process
  • No promoter interest in awarding entity; not a related party transaction
🔢 Key Numbers — exact figures from BSE filing, not rounded
Contract Value
Rs. 1,50,00,000 (One Crore Fifty Lacs)
Execution Period
Annual
Order Date
25 April 2026 (received 27 April 2026)
Awarding Entity
Office of Municipal Corporation Khandwa, District Khandwa, Madhya Pradesh
🏢 How This Affects the Company
📈
Business Impact
Order expands manpower supply pipeline with government client in municipal services segment. Fourth material contract in five days indicates accelerating order intake across toll operations, state corporations and municipal bodies.
💰
Financial Impact
Rs. 1,50,00,000 contract contributes to annual revenue base for FY26-27. Service-based manpower supply typically carries lower capex requirements but operates on lower margin percentages than standalone contracts.
⚙️
Operational Impact
Requires deployment and management of skilled, semi-skilled and unskilled workforce under municipal corporation supervision. Adds operational complexity managing workforce compliance, labour regulations and on-site coordination at Khandwa facility.
⚠️
Risk Impact
Manpower supply contracts expose company to labour availability risk, wage inflation, regulatory compliance burden under municipal labour laws and potential service continuity disruptions. Government clients carry moderate payment timeliness risk.
👥 What This Means For Shareholders
✅
Action Required
No immediate action required. Monitor Q4 FY26 results filing for order confirmation and revenue recognition policy.
👤
Who Is Affected
All shareholders benefit from strengthened government order pipeline. Revenue recognition timing depends on contract execution start date and company's accounting policy for service-based contracts.
🔍
Management Signal
Aggressive pursuit of lower-ticket government contracts (Rs. 1.50-31 Crore range) alongside large toll infrastructure deals indicates diversified sales strategy targeting recurring revenue base from municipal and state agencies.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q4 FY26 results — track order execution timeline and revenue recognition for Khandwa contract
Order completion filing — watch for confirmation of workforce deployment and service commencement date
Contract modification intimations — monitor for scope changes or payment term revisions from municipal authority
MEDIUM RISK Manpower supply contracts carry wage inflation exposure, labour availability risk and municipal payment timing uncertainty. Accumulating government order base increases aggregate regulatory and compliance burden.
💡 Investor Takeaway
Innovision disclosed fourth order win in five days — Rs. 1,50,00,000 annual manpower supply contract from Khandwa Municipal Corporation. Combined with NHAI toll contracts worth Rs. 99.35 Crore and Rs. 31.10 Crore disclosed 22 April and Chhattisgarh manpower order, order intake momentum is accelerating across government clients.
⚖️ Strengths & Concerns

✅ Positives

  • Fourth material order win in five days demonstrates strong sales momentum and order pipeline expansion across government entities.
  • Diversified client base across NHAI (toll), state corporations and municipal bodies reduces concentration risk in revenue sources.

⚠️ Concerns

  • Manpower supply service carries lower margins than toll collection or infrastructure contracts; revenue scales with labour cost inflation.
  • Municipal corporation client carries typical government payment timing delays and potential scope disputes on workforce requirements.
📅 Company Track Record
Innovision disclosed Rs. 99.35 Crore NHAI toll collection contract (12-month Vanagaram Fee Plaza) on 8 April 2026, Rs. 31.10 Crore NHAI toll contract on 22 April 2026, and 451-manpower Chhattisgarh State Marketing Corporation order on 17 April 2026 at 3.85% service charge. Current Khandwa contract marks fourth major disclosure in five days, indicating sustained government sector order momentum across infrastructure and services segments.

Based on publicly available historical data. For context only.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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