Sattrix Information Security Completes Board-Approved Share Allotment Worth Rs. 157.83 Crores

Sattrix Information Security Limited has successfully completed its board-approved preferential share allotment worth Rs. 157,82,87,513 for the strategic acquisition of Sattrix Software Solutions Private Limited (SSSPL). The company allotted 45,48,379 equity shares at Rs. 347 per share through a share swap arrangement, making SSSPL a wholly-owned subsidiary. Board Meeting Outcome and Regulatory Compliance The board meeting for the share allotment was conducted on February 10, 2026, commencing at 4:30 PM and concluding at 4:47 PM. The allotment was executed pursuant to the Share Swap Agreement and received necessary regulatory approvals, including in-principle approval from BSE Limited vide letter no. LOD/PREF/TT/FIP/1606/2025-26 dated January 30, 2026. Regulatory Milestone: Date Board Resolution: October 31, 2025 Shareholder Approval: November 29, 2025 BSE In-Principle Approval: January 30, 2026 Board Meeting Outcome: February 10, 2026 Share Allotment Structure The preferential allotment involved issuing fully paid-up equity shares with a face value of Rs. 10 each at an issue price of Rs. 347 per share. The allotment was made to six investors comprising both promoter and non-promoter categories through consideration other than cash. Allottee Details: Category Shares Allotted Sachhin Kishorbhai Gajjaer: Promoter 12,09,010 Ronak Sachin Gajjar: Promoter 22,97,877 Kedia Securities Private Limited: Non-Promoter 9,14,906 Bhavya Jain: Non-Promoter 44,343 Gaurav Singh: Non-Promoter 44,343 Sagar Hareshkumar Doshi: Non-Promoter 37,900 Post-Allotment Shareholding Pattern The preferential allotment has resulted in significant changes to the company's shareholding structure, with promoter shareholding adjustments and introduction of new non-promoter investors. Shareholder: Pre-Allotment Shares Pre-Allotment % Post-Allotment Shares Post-Allotment % Sachhin Kishorbhai Gajjaer: 10,00,000 14.71% 22,09,010 19.47% Ronak Sachin Gajjar: 39,99,975 58.82% 62,97,852 55.50% Kedia Securities Private Limited: 0 0% 9,14,906 8.06% Gaurav Singh: 63,000 0.93% 1,07,343 0.95% Sagar Hareshkumar Doshi: 14,000 0.21% 51,900 0.46% Target Company Profile and Performance Sattrix Software Solutions Private Limited, incorporated on March 22, 2018, operates from Ahmedabad, Gujarat, specializing in software development and consulting services across e-commerce, retail, education, and healthcare sectors. The company offers comprehensive IT solutions including robotic process automation, artificial intelligence, big data analytics, enterprise mobility, and Oracle support services. Financial Performance: Amount (Rs. Lakhs) FY 2022-23 Turnover: 221.95 FY 2023-24 Turnover: 287.16 FY 2024-25 Turnover: 301.68 Strategic Impact and Related Party Nature The acquisition enables Sattrix Information Security Limited to exercise complete control over SSSPL's management and operations as a wholly-owned subsidiary. This strategic move enhances the company's operational capabilities in cybersecurity services by expanding its industry reach and network. The transaction represents a related party acquisition, with promoters Sachin Kishorbhai Gajjaer and Ronak Sachin Gajjar holding positions in both entities, conducted on an arm's length basis supported by an independent fair market valuation report. Sattrix Information Security Limited has secured a significant regulatory milestone with BSE Limited's in-principle approval for its preferential share issue. The approval, received on January 30, 2026, paves the way for the company to issue equity shares to both promoters and non-promoters through a share swap mechanism. Share Issue Details The BSE approval covers the following key parameters: Parameter: Details Number of Shares: 45,48,379 equity shares Face Value: Rs. 10 per share Minimum Issue Price: Rs. 347 per share Issue Type: Preferential basis Method: Share swap arrangement Beneficiaries: Promoters and non-promoters The approval was granted through BSE's letter reference LOD/PREF/TT/FIP/1606/2025-26, dated January 30, 2026, under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Board Meeting Scheduled for Share Allotment Following the BSE approval, the company has announced that its Board of Directors will convene on Tuesday, February 10, 2026, to consider and approve the allotment of the approved equity shares. The meeting details are as follows: Meeting Details: Information Meeting Date: February 10, 2026 Purpose: Share allotment consideration Shares for Allotment: 45,48,379 equity shares Issue Price: Not less than Rs. 347 per share Allotment Basis: Preferential to promoters and non-promoters Method: Share swap arrangement The intimation was communicated to BSE Limited on February 5, 2026, in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, and was signed by Ms. Rina Kumari, Company Secretary & Compliance Officer. Regulatory Compliance Requirements BSE has outlined several critical compliance requirements that the company must fulfill. The exchange emphasized that this in-principle approval should not be construed as approval for listing of the securities, requiring separate compliance for listing procedures. The company must ensure strict adherence to multiple regulatory frameworks including Companies Act, 2013, Securities Contracts (Regulation) Act, 1956, SEBI Act, 1992, Depositories Act, 1996, SEBI (ICDR) Regulations, 2018, and SEBI (LODR) Regulations, 2015. Post-Allotment Obligations Upon completion of the allotment, Sattrix Information Security must submit a listing application within twenty days from the allotment date, as specified in SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. The company has been advised that BSE reserves the right to withdraw the in-principle approval if any submitted information is found incomplete, incorrect, misleading, or in contravention of applicable regulations. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.