Sattrix Information Security Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/09/2025 ,inter alia, to consider and approve the agenda(s) as enclosed.
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The Board of Directors of Sattrix Information Security Ltd will meet on 25 September 2025 to consider and approve the acquisition of 100% equity stake in Sattrix Software Solutions Private Limited through a share swap (issue of the company's equity shares). The swap ratio will be based on an independent valuer's report and fairness opinion. The Board will also consider increasing the authorised share capital and amending the Memorandum of Association, approve related party transactions with the target company (subject to shareholder approval via postal ballot), and finalise the share swap agreement and other transaction documents. All major items still need shareholder approval through a postal ballot and e-voting process.
If approved, Sattrix Software Solutions will become a wholly-owned subsidiary, expanding the company's operations through an all-equity deal with no cash outflow. Shareholders should watch for the announced swap ratio and valuation details, which will determine dilution and the true cost of the acquisition.