Krystal Integrated Services Limited has informed the exchanges regarding a significant contract win by its associate company, Advait Krystal Solar Energy SPV Private Limited. The contract, awarded by the Directorate of Medical Education & Research (DMER), Maharashtra, involves a long-term commitment to solar energy infrastructure for government healthcare facilities. This disclosure was made on April 24, 2026, under Regulation 30 of the SEBI Listing Regulations.

The project entails the design, engineering, supply, installation, testing, and commissioning of Power Grid Connected Rooftop Solar PV Systems. Operating under a Built-Own-Operate-Transfer (BOOT) model, the contract spans a duration of 25 years and covers various government hospitals and medical colleges across the State of Maharashtra. The total approximate value of this contract is Rs. 138 Crores. Krystal Integrated Services Limited currently holds a 49% stake in the associate company executing this order.

Krystal Integrated Services is a leading integrated facilities management services provider in India. The company offers a wide range of services including healthcare management, housekeeping, sanitation, security, and staffing solutions. Throughout 2025, the company aggressively expanded its footprint in the public sector and specialized technical services. Recent updates highlight their strategic pivot toward sustainable energy projects through associate ventures, marking a diversification from traditional manpower-heavy facility management to technology-driven infrastructure maintenance.

For the latest quarterly financial results announced in late 2025, the company demonstrated resilient growth. Krystal reported a steady increase in consolidated revenue, driven by new contract wins in the BFSI and healthcare sectors. During the 2025 fiscal periods, the company maintained a healthy PAT (Profit After Tax) margin, reflecting efficient operational scaling. Notably, the company has attracted attention from institutional investors who value its asset-light business model and high client retention rates. As of 2025, the firm continues to leverage its IPO proceeds for debt repayment and funding working capital requirements to support its burgeoning order book.