NSEBagging/Receiving of orders/contracts4d ago · 7 Aug 2026, 03:36 pm
Bagging/Receiving of orders/contracts
Vakrangee Limited · VAKRANGEE
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Vakrangee Limited's subsidiary, Vortex Engineering Private Limited, has received a purchase order from one of India's largest public sector banks for the supply, installation, and maintenance of 540 ATMs and 1 KVA UPS for a period of 5 years, valued at ₹37.79 crore.
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Growth Catalyst9/10
Governance Concern1/10
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Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment9/10
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VORTEX ENGINEERING SECURES PURCHASE ORDER FROM ONE OF THE INDIA S LARGESTPUBLIC SECTOR BANKS FOR 540 ATM MACHINES
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Vakrangee Limited “Vakrangee Corporate House”, Plot No.93,
Road No.16, M.I.D.C. Marol, Andheri (East), Mumbai - 400093. Maharashtra,
W: www.vakrangee.in | L:+91 22 6776 5100
CIN: L65990MH1990PLC056669``
VKL/C&L/2026/35
August 07, 2026
Department of Corporate Relationship Corporate Relationship Department
BSE Ltd. National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Fort, Bandra Kurla Complex,
Mumbai – 400001 Bandra (East), Mumbai – 400051
Scrip Code – 511431 Symbol - VAKRANGEE
Sub.: VORTEX ENGINEERING SECURES PURCHASE ORDER FROM ONE OF THE INDIA’S LARGEST
PUBLIC SECTOR BANKS FOR 540 ATM MACHINES
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 (SEBI Listing Regulations), we would like to inform you that Vortex Engineering Private Limited
(Vortex), a subsidiary Company of Vakrangee Limited, has received a Purchase Order (PO) from one
of the India’s largest Public Sector Banks for Supply, Installation and Maintenance of 540 ATMs
and 1 KVA UPS for a period of 5 years. The detailed press release in this regard is enclosed herewith
as Annexure I.
Further, the details as required under Regulation 30 of the SEBI Listing Regulations read with the SEBI
Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, are enclosed as
Annexure II.
Kindly take the above information on your record.
Thanking you,
Yours faithfully,
For Vakrangee Limited
Amit Gadgil
Company Secretary & Compliance Officer
Mem: A49442
VAKRANGEE LIMITED
INTIMATION
VORTEX ENGINEERING SECURES PURCHASE ORDER
FROM ONE OF THE INDIA’S LARGEST PUBLIC
SECTOR BANKS FOR 540 ATM MACHINES
MUMBAI, August 07, 2026: Vortex Engineering Private Limited (“Vortex”), a subsidiary of
Vakrangee Limited, has received a purchase order (PO) from one of the India’s largest Public
Sector Banks for the end-to-end supply, commissioning, and maintenance of 540 ATMs and UPS
including AMC for a period of 5 years, with a contract value of ₹37.79 crore.
This repeat order marks an important addition to Vortex’s growing institutional banking
infrastructure portfolio and reinforces its position as a trusted provider of indigenous, energy-
efficient and field-resilient ATM solutions. It also strengthens Vakrangee Group’s broader
proposition in India’s hybrid financial access ecosystem, where physical banking touchpoints
continue to play a critical role in serving rural, semi-urban and underbanked markets.
Vortex’s ATM platform has been built around the operating realities of emerging markets, with a
focus on innovative ATMs, reliability, and remote manageability.
The Company has supplied over 15,500 ATM machines to date and has an annual manufacturing
capacity of 12,000 units. It also holds 9 patents/IP in the field of ATMs and cash dispensers,
reflecting its long-standing commitment to domestic innovation, Make in India and Atma Nirbhar
Bharat.
In addition to its ATM hardware portfolio, Vortex offers Perfo®, an advanced ATM monitoring
and operational intelligence platform that is both cross-platform and cross-vendor compatible.
Perfo® enables banks to monitor ATM health, transaction performance, cash availability and
network status across diverse ATM estates, helping improve uptime, reduce downtime and
support more efficient cash replenishment.
About Vakrangee Limited (BSE Code: 511431; NSE Code: VAKRANGEE)
Incorporated in 1990, Vakrangee has emerged as one of India's largest Last Mile Distribution
Platform with a Physical as well as Digital Eco-system in place with a PAN INDIA Presence. We are
delivering realtime banking & Financial Services, ATM, insurance, e-Governance, and e-
Commerce s services to the unserved rural, semi-urban and urban markets and enabling Indians
to benefit from financial, social and digital inclusion.
Vakrangee has emerged as the “Go To Market Platform” for various Business verticals including
Fintech and Digital platforms. The Assisted Digital Convenience stores (Physical Outlets) are
called as “Vakrangee Kendra” which acts as the “One-stop shop” for availing various services and
products and Digital platform is called as BharatEasy Mobile Super app.
About Vortex Engineering Private Limited
Vortex Engineering, subsidiary of Vakrangee Limited, is a leading provider of next-generation
Automated self-service terminals, cash automation solutions, and multi-vendor ATM
management software.
Incubated at IIT Madras, Vortex has built a strong legacy of innovation through continuous
research and development, pioneering energy-efficient and intelligent ATM technologies that
deliver high reliability, superior performance, and a compelling total cost of ownership.
The company's comprehensive portfolio includes all 3 Operating Systems (Android, Linux, &
Windows) based ATMs, Through-the-wall ATMs, mini ATMs, Self-service Kiosks, and advanced
ATM monitoring and management solutions that enable financial institutions to enhance
operational efficiency, maximize uptime, and accelerate the digital transformation of their self-
service banking networks.
With a growing presence across domestic and international markets, Vortex is committed to
advancing financial inclusion by delivering secure, sustainable, and future-ready solutions to
extend accessible services to the communities.
For more information, please visit: www.vakrangee.in
For further information, please contact: investor@vakrangee.in
Vakrangee Limited “Vakrangee Corporate House”, Plot No.93,
Road No.16, M.I.D.C. Marol, Andheri (East), Mumbai - 400093. Maharashtra,
W: www.vakrangee.in | L:+91 22 6776 5100
CIN: L65990MH1990PLC056669``
Annexure II
Disclosure in terms of Regulations 30 of SEBI Listing Regulations read with SEBI Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026
A Name of the entity awarding the Name withheld due to Confidentiality
order(s)/contract(s) Obligations
B Significant terms and conditions of Supply, Installation, & Maintenance of 540
order(s)/contract(s) awarded in brief Cash Dispensers with 1 KVA UPS and one
year warranty
C Whether order(s)/contract(s) have been Domestic entity
awarded by domestic/ international entity
D Nature of order(s) / contract(s) Supply, installation, & maintenance
E Whether domestic or international Domestic
F Time period by which the order(s)/contract(s) The contract will be executed over a period
is to be executed of 7 years
G Broad consideration or size of the Rs. 37.79 crore (Incl. GST)
order(s)/contract(s)
H Whether the promoter/ promoter group No
/group companies have any interest in the
entity that awarded the order(s)/ contract(s)?
If yes, nature of interest and details thereof
I Whether the order(s)/contract(s) would fall No
within related party transactions. If yes,
whether the same is done at “arm’s length”
J Date and time of receipt of order 06th August 2026
K If delay in reporting, reasons for delay No delay