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Awaiting price reaction for this filing.
Sattrix Information Security Ltd has secured an order worth Rs. 50,00,000 (Rs. 50 lakhs) from a leading stockbroking and financial consulting entity in India. The order is for providing Managed SOC (Security Operations Centre) Services along with Periodic VAPT (Vulnerability Assessment and Penetration Testing) Activity over a period of 12 months, with billing done on a monthly invoicing basis. The client is a domestic entity and there is no related party interest involved in the transaction.
The order adds a modest Rs. 50 lakh revenue stream over the next 12 months from a financial sector client, which is a logical win for a cybersecurity services firm. Impact on stock price is likely to be limited given the small absolute order size relative to typical IT services order values.