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Press Release from Protean( Big +ve )

It was clarified that the Income Tax Department (ITD) had issued a Request for Proposals
(RFP) inviting bids for selection of Managed Service Provider (MSP) for Design,
Development, Implementation, Operations and Maintenance to carry out the core technology
revamp of ITD systems. These systems handle the allotment, update, and correction of PAN
data, and are currently operated directly by ITD. The PAN 2.0 RFP document envisages an
implementation timeline of 18 months from date of allotment.

Whereas our existing mandate from ITD, received in 2003, covers the processing and
issuance of PAN cards. This primarily involves collecting applicant data — whether for new
PAN cards or updates — and securely transmitting that information to the ITD.

ITD undertakes
the allotment of the PAN number, while we do the PAN Card processing and issuance.
Therefore,

this appears to have limited or minimal impact on our ongoing PAN processing and
issuance services under the existing mandate from ITD.





https://www.bseindia.com/xml-data/corpfiling/AttachLive/32c5ee96-e09a-46ed-9697-c54c94086875.pdf

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