Outcome of Board Meeting
Price
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The Board of Sattrix Information Security Ltd has approved the acquisition of 100% equity stake in Sattrix Software Solutions Private Limited (SSSPL) through a share swap deal. The swap ratio is fixed at 379 shares of Sattrix for every 1 share of SSSPL, resulting in the issue of up to 45,48,379 fresh equity shares of Sattrix on a preferential basis. SSSPL, which operates in software development and consulting services, reported a turnover of Rs. 301.68 lakhs and EBITA of Rs. 272.60 lakhs in FY25. The acquisition is a related party transaction, with Sattrix's promoters being shareholders/directors of SSSPL, and is being done on an arm's length basis with no cash outflow. The Board also approved increasing the authorised share capital from Rs. 7.5 crore to Rs. 30 crore and called an EGM on November 29, 2025 to seek shareholder approval.
Shareholders will see dilution of their holdings as up to 45.48 lakh new shares are issued, but the target will become a wholly-owned subsidiary strengthening Sattrix's software services portfolio. Approval is pending from members at the EGM and regulatory authorities; existing investors should note the related-party nature of this deal.