Vakrangee Softwares Ltd., a leading integrated document management and printing management solutions provider, has entered into an agreement with Mumbai-based Financial Information Network and Operations Ltd. (FINO), the Smart Card Solution Provider.

Under the arrangement, both partners will combine their complementary skills and expertise for execution of the Rashtriya Swathya Bima Yojana (RSBY) scheme announced by Government of India for the provision of Health Insurance cover to families below poverty line.

The work involves providing software, hardware, networking & deployment of resources for delivery of Smart Card based Health Insurance cover to the families below poverty line in India.

Shares of the company were last trading at 52-week-low level of Rs 54.25, down 5% compared to its previous close. The total volume of shares traded at the BSE was 69,582. (3:15 p. m., Tuesday)