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Awaiting price reaction for this filing.
Sattrix Information Security Ltd has won a 2-year order worth approximately Rs. 13.65 crore (Rs. 13,65,00,001.63) for delivering Managed Security Services related to Device Management and Operations. The client is described as 'India's most trusted payment gateway service provider,' though the name is not disclosed in the filing. The order is from a domestic entity, there is no promoter or related-party interest involved, and the contract spans a two-year execution period. This represents a meaningful new business win for the SME-listed cybersecurity services company.
This is a positive development as it adds a multi-year recurring revenue stream from a high-profile fintech client, strengthening the company's order book and revenue visibility over the next two years. For shareholders, it signals business momentum, though the impact on stock price will depend on the order's size relative to overall revenue.