Protean eGov Technologies Limited — Investor Meet, 20-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Protean eGov Technologies held a business update call on the PAN 2.0 RFP, noting their bid was not shortlisted and they are seeking clarifications. The PAN 2.0 project involves IT revamp, which Protean does not currently handle. Their existing PAN business operates through 4 lakh agents covering ~60% market share, with no immediate financial impact expected as the transition may take two years. Management highlighted stable demand for PAN cards and the multi-product distribution network’s resilience. Contract renewals occur every 3–4 years. The outlook remains cautious, pending RFP developments.