KS Smart Technologies reports Rs 82.65 crore classroom order

KS Smart Technologies Limited disclosed on November 11, 2026 that its wholly owned subsidiary received an approximately Rs 82.65 crore, tax-inclusive order to install 7,195 interactive flat panels and 1 KVA Uninterruptible Power Supply systems in 1,799 Rajasthan smart classrooms, with completion targeted for December 2026.

What order has KS Smart Technologies received?

KS Smart Technologies disclosed that KS Smart Solutions Private Limited, its wholly owned subsidiary, received a purchase order from Kerala State Electronics Development Corporation Limited for smart-classroom installations in Rajasthan. KS Smart Technologies made the disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, in a November 11, 2026 filing with BSE Limited.

The order is valued at approximately Rs 82.65 crore, including applicable taxes and duties. Kerala State Electronics Development Corporation Limited, referred to as KELTRON in the filing, is described as a Government of Kerala undertaking, while the assignment is for sites in Rajasthan. The filing classifies the agreement as domestic rather than international.

The announced work combines equipment supply and installation rather than a supply-only transaction. KS Smart Solutions is responsible for completing the project in line with prescribed technical specifications, statutory requirements and applicable procurement guidelines, including installation and system-readiness activities at designated locations.

What equipment and locations does the Rajasthan project cover?

The Rajasthan project covers 7,195 Interactive Flat Panels of 65 inches or higher, along with 1 KVA Uninterruptible Power Supply, or UPS, systems across 1,799 smart classrooms. The filing does not identify individual districts, schools or designated locations, but it identifies Rajasthan as the deployment state and smart classrooms as the project segment.

The scope separates the equipment count from the installation footprint: 7,195 panels are specified for 1,799 classrooms. KS Smart Technologies does not state the number of UPS units separately or allocate the approximately Rs 82.65 crore assignment value among panels, UPS systems, installation and readiness activities.

The project description includes both product and implementation requirements. KS Smart Solutions must supply the 7,195 panels and associated 1 KVA UPS systems, install them in the 1,799 classrooms and undertake system-readiness work under the technical and procurement conditions stated in the filing.

When is KS Smart Technologies expected to complete the work?

KS Smart Technologies has stated December 2026 as the tentative completion timeline for the Rajasthan smart-classroom assignment. Since the announcement is dated November 11, 2026, the disclosed target falls in the following month, although the filing provides no intermediate milestones, delivery phases or acceptance schedule.

KS Smart Technologies labels December 2026 as a tentative timeline rather than a contractual completion date or a forecast of revenue recognition. The filing does not state when KELTRON issued the purchase order, when equipment supply will begin or whether payments depend on delivery, installation, commissioning or system readiness.

The timing disclosure therefore establishes a planned endpoint for the approximately Rs 82.65 crore project but leaves execution sequencing unspecified. December 2026 is the only schedule detail provided alongside the 7,195-panel and 1,799-classroom scope.

Is the Rajasthan order a related-party transaction?

No, KS Smart Technologies has stated that the Rajasthan order is not a related-party transaction and that its promoters, promoter group and group companies have no interest in KELTRON. These declarations appear in the annexure accompanying the November 11, 2026 Regulation 30 disclosure.

The counterparty named in the filing is Kerala State Electronics Development Corporation Limited, while the executing entity is KS Smart Solutions Private Limited. KS Smart Solutions is described as wholly owned by KS Smart Technologies, but the filing reports no promoter or group-company interest in the entity awarding the approximately Rs 82.65 crore agreement.

The disclosure distinguishes the ownership relationship between KS Smart Technologies and KS Smart Solutions from the relationship with the purchaser. KS Smart Technologies specifically answered “No” to both the promoter-interest and related-party questions prescribed in the annexure for the KELTRON order.

What does the order add to KS Smart Technologies' disclosed work?

The order adds a defined smart-classroom installation project to the work disclosed by KS Smart Technologies, with an approximate value of Rs 82.65 crore and a December 2026 target. Its stated deliverables include 7,195 large-format interactive panels, 1 KVA UPS systems, installation work and system-readiness activities across 1,799 Rajasthan classrooms.

The filing does not disclose comparable earlier order values, revenue, margins, total order book or the project’s expected financial effect. As a result, the Rs 82.65 crore figure can be identified as the broad value of this assignment, but no change from a prior period or comparison with another KS Smart Technologies order can be established from this disclosure.

The announced project also separates the role of the ordering entity from the installation geography. KELTRON is identified as a Government of Kerala undertaking that issued the purchase order, whereas deployment is to occur in Rajasthan; the filing does not explain the procurement arrangement beyond those stated roles.

Conclusion

KS Smart Technologies has reported a domestic, tax-inclusive smart-classroom order worth approximately Rs 82.65 crore through its wholly owned subsidiary, KS Smart Solutions. The stated scope comprises 7,195 interactive flat panels of 65 inches or more, 1 KVA UPS systems, installation and readiness work across 1,799 Rajasthan classrooms, with no related-party relationship disclosed with KELTRON.

The next disclosed milestone is the tentative December 2026 completion target. The November 11, 2026 filing does not provide phased delivery dates, payment terms, revenue treatment, the number of UPS units or the expected financial contribution from the approximately Rs 82.65 crore assignment, leaving those execution details unresolved.