Protean eGov Technologies Limited — Others, 21-05-2025: News Verification

Protean eGov Technologies has announced a board meeting on the financial results for the quarter and half-year. The company clarified that it participated in the RFP for the government’s new PAN 2.0 project but was not selected. This new project is managed directly by the Income Tax Department and involves an extensive IT overhaul. However, Protean’s longstanding contract since 2003 for PAN card processing and issuance continues unaffected. The company highlighted that the PAN 2.0 changes have minimal impact on its core operations, addressing investor concerns through a business update call.