Entered into software development and implementation services agreement with Jupitice Justice Technologies
Artemis ADR Marketplace Ltd has entered into a Software Development and Implementation Services Agreement with Jupitice Justice Technologies Private Limited.
By ScoutQuest · · 1 min read
- Agreement size
- INR 24.60 Cr
- Reference programme
- 1 April 2026 to 30 September 2027
- Warranty
- 12 months after final acceptance, with the first 90 days as stabilisation
What was announced
The company has entered into a Software Development and Implementation Services Agreement with Jupitice Justice Technologies Private Limited on April 01, 2026. The disclosure was made under Regulation 30 of the SEBI Listing Regulations.
Size of the agreement
- The agreement is sized at INR 24.60 Cr.
- The company holds Nil shareholding in Jupitice Justice Technologies Private Limited.
What the developer will do
- Contractor-managed end-to-end delivery of the defined ADR marketplace platform.
- This covers foundation and configuration, ADR formation and processes, records and payments.
- It also covers privacy and AI controls, marketplace and offices, integrations, testing, deployment, training and handover.
Timeline and warranty
- The reference programme is 1 April 2026 to 30 September 2027, subject to validation of the actual opening position and remaining-work plan.
- Warranty is 12 months after actual final acceptance, with the first 90 days treated as stabilisation.
- The update states there is no deferred functionality.
Related party point
- The update says the parties are related to the promoter / promoter group / group companies, with the nature of relationship described as shareholder in the same company.
- The transaction is stated to fall within related party transactions, and is stated to be done at arm's length.
- No shares are being issued to the counterparty under this agreement, and the loan-related disclosure is Nil.
What a retail investor may take away
This is a services contract for building and implementing the company's ADR marketplace platform, with a defined scope, a stated programme window and a warranty period. Because the counterparty is identified as a related party, the update also records the arm's length position. Whether the spend and timeline translate into the intended platform roll-out is something to track through future disclosures.
More numbers
- Size of agreementINR 24.60 Cr
- Warranty period after final acceptance12 months
- Stabilisation period after acceptancefirst 90 days
- Company's shareholding in Jupitice Justice TechnologiesNil
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