Dynacons Systems & Solutions announced its latest achievement in securing a significant contract worth Rs. 233 crore (all inclusive) from the National Bank for Agriculture and Rural Development (NABARD). This monumental contract encompasses the upgradation and migration of Core Banking Solution (CBS) from Finacle 7.0 to Finacle 10.2.25, operating on the Application Service Provider (ASP) model. The scope of the contract includes serving 1391 branches of 38 State Coop Banks across 8 states. Under the terms of the contract, Dynacons will deploy its comprehensive suite of services, encompassing consultancy, implementation, customization, and ongoing support. Leveraging its domain knowledge and technical expertise, Dynacons aims to minimize disruptions to banking operations while maximizing the benefits of the new Finacle platform. The project scope includes Core Banking Solution upgrade, migration, and maintenance, alongside infrastructure and network enhancements from leading technology vendors such as HPE, Oracle, Fortinet, Array, and Versa. Powered by Capital Market - Live News

Dynacons Systems & Solutions has allotted 20,050 equity shares under ESOP on 29 March 2024. With this allotment, the paid up capital of the Company has increased to Rs. 12,71,31,300/- divided into 1,27,13,130 equity shares of face value of Rs. 10/- each. Powered by Capital Market - Live News

Dynacons Systems & Solutions will hold a meeting of the Board of Directors of the Company on 29 March 2024.Powered by Capital Market - Live News

Net profit of Dynacons Systems & Solutions rose 74.63% to Rs 13.15 crore in the quarter ended December 2023 as against Rs 7.53 crore during the previous quarter ended December 2022. Sales rose 31.93% to Rs 226.86 crore in the quarter ended December 2023 as against Rs 171.96 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales226.86171.96 32 OPM %8.387.22 - PBDT18.1710.41 75 PBT17.7910.07 77 NP13.157.53 75 Powered by Capital Market - Live News

Dynacons Systems & Solutions will hold a meeting of the Board of Directors of the Company on 8 February 2024.Powered by Capital Market - Live News