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MSTC Limited (A Govt of India Enterprise) announced on October 29, 2025, that it has secured a significant new domestic contract that places the company directly into the regulatory landscape of the Karnataka state liquor industry.
In a disclosure filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, MSTC Limited informed the BSE and NSE that it has entered into a selling agency agreement with the State Excise Department, Government of Karnataka.
The core nature of the contract is the conducting of e-auctions. MSTC Limited will be responsible for administering these e-auctions for the purpose of granting licenses for liquor shops across the state of Karnataka.
The financial model of the agreement ensures that MSTC’s revenue will be derived from a commission structure.
The broad consideration for MSTC Limited will be the commission earned on the highest bid value achieved during the e-auctions.
Regarding the time period for execution, the agreement is established to remain valid until such time that either party chooses to terminate the arrangement.
In addressing standard regulatory requirements, MSTC confirmed that the contract does not fall under related party transactions.
Additionally, neither the promoter nor the promoter group/group companies of MSTC Limited hold any interest in the State Excise Department, Government of Karnataka, which awarded the contract.
MSTC Limited Compliance :
The disclosure confirms that this information was provided pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and includes the additional details required under the SEBI Circular dated November 11, 2024. MSTC Limited is listed on the BSE (Scrip Code: 542597) and the NSE (Scrip Code: MSTCLTD).
Ajay Kumar Rai, Company Secretary & Compliance Officer, signed this disclosure on behalf of MSTC Limited, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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