Sattrix Information Security Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/10/2025 ,inter alia, to consider and approve the agenda(s) as enclosed.
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Sattrix Information Security Ltd (BSE SME, scrip code 544189) has called a Board meeting on October 28, 2025 to reconsider and re-approve matters that were earlier cleared at the September 25, 2025 board meeting but could not be executed due to internal procedural issues. The key agenda item is the acquisition of 100% equity shareholding in Sattrix Software Solutions Private Limited (SSSPL) through a share swap, where Sattrix will issue its own equity shares on a preferential basis in lieu of cash consideration. Once completed, SSSPL will become a wholly owned subsidiary of the company. The transaction is subject to shareholder e-voting approval, valuation report, SEBI ICDR Regulations, and stock exchange/regulatory clearances.
If approved, this share-swap acquisition will make Sattrix Software Solutions a wholly owned subsidiary, potentially expanding the company's operational scope. Existing shareholders may see dilution from the preferential share issuance and should watch for the valuation report and shareholder voting outcome, which will determine the swap ratio and final impact on share value.