Innovision Limited Secures Major Manpower Contract, Faces Legal Challenge from Competitor

Innovision Limited (BSE: 544732, NSE: INNOVISION), a leading provider of manpower and security services, has announced the receipt of a significant work order from the Chhattisgarh State Marketing Corporation Limited (CSMCL). The company also disclosed an ongoing legal challenge regarding the award of this contract.

The work order, originally granted on March 30, 2026, involves the deployment of personnel at various premises approved by the buyer.

Scope of Service: Supply of 451 personnel for manpower hiring services.

Commercials: The contract is structured with a 3.85% service charge.

Duration: Valid until the completion of the scope of services or the end of the contractual period, unless extended.

Geographic Scope: Specifically focused on Zone-6 under the Chhattisgarh State Marketing Corporation Limited.

Disclosure of Litigation

Opposing Party: Prime Work Force Private Limited.

Venue: Hon'ble High Court of Chhattisgarh at Bilaspur.

Nature of Dispute: The petitioner, Prime Work Force Private Limited, has filed a petition challenging the validity of the work order issued to Innovision Limited by CSMCL.

Financial Impact Assessment: Based on legal counsel and internal assessments, Innovision Limited stated that the litigation is not reasonably expected to have a material financial impact on the company.

Shares of Innovision Limited was last trading in BSE at Rs. 317.15 as compared to the previous close of Rs. 320.45. The total number of shares traded during the day was 9618 in over 525 trades.

The stock hit an intraday high of Rs. 321.05 and intraday low of 315.15. The net turnover during the day was Rs. 3061928.00.

Source : Equity Bulls

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