Sattrix Information Security Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/02/2026 ,inter alia, to consider and approve the allotment ....
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The board of Sattrix Information Security Ltd will meet on February 10, 2026 to consider and approve the allotment of 45,48,379 equity shares of Rs. 10 face value at a price of not less than Rs. 347 per share. The shares will be issued on a preferential basis to promoters and non-promoters under a share-swap arrangement, meaning no cash is being raised. The implied transaction value works out to roughly Rs. 157-158 crore at the floor price. The company is listed on the BSE SME platform (Scrip Code 544189).
This is a share-swap-based preferential issue, likely tied to an acquisition or business combination rather than a fresh capital raise, so existing shareholders are not being asked for cash but their stake will be diluted once shares are allotted. The significant premium over face value (Rs. 347 vs Rs. 10) suggests the deal values the company's shares well above par.