Rectification of Prior Disclosure made under Regulation 30
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Sattrix Information Security has filed a rectification of a prior disclosure confirming receipt of a Letter of Intent (LoI) from a leading Public Sector Bank in India. The company has been awarded a contract to supply cybersecurity services as a Managed Security Service Provider (MSSP) for a period of 3 years. The total contract value is Rs. 9,30,00,000 (Rs. 9.30 crore), exclusive of applicable taxes. This is a domestic order with no related party involvement and no promoter interest in the awarding entity. The filing corrects or clarifies an earlier disclosure made under SEBI Regulation 30.
This is a positive development as the company secures a significant domestic contract worth Rs. 9.3 crore from a PSU bank. The 3-year MSSP engagement provides revenue visibility, though the financial impact will be spread over the contract period.