Aptech Limited announced that it has received a Letter of Acceptance (LOA) with a body under the administrative control of the Railway Board governed under the Ministry of Railway, Government of India to conduct computer-based tests for the territory of India as per the scope of services in accordance with the Letter of Acceptance. Significant terms and conditions of the Letter of Acceptance are as follows: The Letter of Acceptance is executed by said body with Aptech Limited. The tenure of the work shall be multi-year subject to satisfactory milestone-based deliverables by Aptech to the said body.

The computer-based tests to be carried out by Aptech as per the Scope of Work described in the Tender read with the Letter of Acceptance. The Letter of Acceptance enshrines the respective deliverables by Aptech and the body. The Letter of Acceptance through Tender enshrines Confidentiality, Force Majeure, Indemnity, Arbitration, IP Rights, Notices, Modifications and Jurisdiction.

Time period by which the order(s)/contract(s) is to be executed: Multi-year Contract subject to satisfactory milestone-based deliverables to said body. Broad consideration or size of the order(s)/contract(s): Estimated revenue of around INR 26.7 million subject to satisfactory milestone-based deliverables to said body.