Revised Outcome of Board Meeting held on 25.09.2025, due to typographic error
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Sattrix Information Security Ltd (SIS) has approved the acquisition of 100% stake (12,001 equity shares) in Sattrix Software Solutions Private Limited (SSS) through a share swap deal. The swap ratio is fixed at 379:1, meaning SIS will issue up to 45,48,379 equity shares (at Rs. 10 each) to the existing shareholders of SSS, with no cash outflow. SSS, a software development and consulting firm in e-commerce, retail, education, and healthcare, posted a turnover of Rs. 301.68 lakh in FY25 (up from Rs. 221.95 lakh in FY23). The acquisition is a related party transaction since promoters of SIS are also directors/shareholders of SSS, but has been done at arm's length price. Post-allotment, promoter holding in SIS will rise to 74.96% and public holding will be 25.04%. The deal requires shareholder approval via postal ballot, and SSS will become a wholly-owned subsidiary of SIS within 12 months.
For shareholders, this is a non-cash acquisition that will dilute existing holdings but expand SIS into adjacent software services (e-commerce, healthcare, etc.) alongside its core cybersecurity business. Promoter stake rises sharply to ~75%, which means existing minority shareholders get diluted significantly, though new business synergies in software development could support future growth.