MSTC Secures E-Auction Contract from Karnataka Government for Liquor Shop Licenses

Written by: Team Angel OneUpdated on: 29 Oct 2025, 7:57 pm IST

MSTC Limited to conduct e-auctions for granting liquor shop licenses in Karnataka under a new agreement with the State Excise Department.

On October 29, 2025, MSTC Limited, a Government of India enterprise, announced that it had entered into a selling agency agreement with the State Excise Department, Government of Karnataka.

The agreement authorises MSTC to conduct e-auctions for granting licenses for liquor shops across the state, marking a significant addition to its public sector e-auction portfolio.

MSTC to Conduct E-Auction for Karnataka Liquor Licenses

As per the filing made to the BSE and NSE, MSTC Limited will be responsible for executing e-auctions for issuing retail liquor shop licenses in Karnataka. The contract has been awarded by the State Excise Department, a domestic government entity.

Under this arrangement, MSTC will generate revenue through commissions based on the highest bid value achieved during the auctions.

Agreement Terms and Operational Framework

The agreement between MSTC and the Karnataka State Excise Department will remain valid until terminated by either party. The contract is categorised as a domestic order and is not related to any international operations.

MSTC will use its digital auctioning expertise to ensure transparency, efficiency, and compliance throughout the bidding process, supporting the state’s regulatory objectives.

Compliance and Corporate Disclosure

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. MSTC confirmed that neither its promoters nor group companies have any interest in the awarding entity, and the transaction does not fall under related party dealings. The company continues to build on its strong track record in e-commerce and digital auction platforms for government and private clients.

MSTC Share Price Performance

On October 29, 2025, MSTC share price opened at ₹536.50 on NSE, above the previous close of ₹533.05. During the day, it surged to ₹550.00 and dipped to ₹533.00. The stock is trading at ₹549.50 as of 1:31 PM. The stock registered a significant gain of 3.09%.

Over the past week, it has moved up by 2.20%, over the past month, it has moved up by 16.12%, and over the past 3 months, it has moved up by 9.90%.

Conclusion

This new engagement with the Government of Karnataka further strengthens MSTC Limited’s leadership in e-auction services within India. The project is expected to enhance state-level revenue processes through transparent and technology-driven auction mechanisms while expanding MSTC’s footprint in the public sector domain.

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Investments in securities are subject to market risks. Read all related documents carefully before investing.

Published on: Oct 29, 2025, 2:26 PM IST

Team Angel One

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