Business Update
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Awaiting price reaction for this filing.
Sattrix Information Security Ltd announced that its wholly-owned subsidiary, Sattrix Software Solutions Pvt Ltd, has bagged a work order from a Singapore-based technology entity for Comprehensive Product Support services for a cybersecurity product called NewEvol. The contract covers multiple cybersecurity modules and is valued at USD 57,250 (roughly ₹48–50 lakhs) with a 30-day credit term. The order is to be executed over 26 months and is purely international in nature. The filing clarifies there is no promoter or related-party interest in the awarding entity, and the transaction is not a related-party deal.
The order adds a small but steady revenue stream in foreign currency, supporting the company's export profile. However, the size is modest, so the immediate impact on stock price or earnings is likely limited unless followed by larger contracts.