The Board Meeting to be held on 28/10/2025 has been revised to 31/10/2025 The Board Meeting to be held on 28/10/2025 has been revised to 31/10/2025
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Sattrix Information Security Ltd has postponed its Board meeting originally scheduled for October 28, 2025 to October 31, 2025 due to unavoidable circumstances. The meeting is being held to consider and approve the acquisition of 100% equity shareholding of M/s. Sattrix Software Solutions Private Limited (SSSPL) through a share swap — issuing equity shares of the listed company on a preferential basis in exchange for SSSPL shares, under ICDR Regulations 2018. Once completed, SSSPL will become a wholly owned subsidiary of Sattrix Information Security Limited. The acquisition is subject to shareholder approval via e-voting, stock exchange, and other regulatory clearances.
This is a procedural update (meeting rescheduling) and not a material change in the deal itself. Shareholders should watch the October 31 meeting outcome, as approval would make SSSPL a wholly owned subsidiary and lead to share issuance that may dilute existing equity.