Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sattrix Information Security has secured an order worth Rs. 10.88 crore (approximately Rs. 10,88,12,683) from a leading private sector bank in India. The order is for the supply of license services over a 12-month period. Payment terms are favourable, with 100% of the amount due within 30 days of license delivery. The order is domestic, involves no related party transactions, and the promoters or group companies have no interest in the awarding entity.
This is a new revenue win for the company with strong payment terms, which should support near-term cash flows. For an SME-listed stock, bagging an order of this size from a top private bank is a positive signal for business traction, though the stock reaction will depend on the order's size relative to the company's overall annual revenue.