The enclosed corrigendum is in the relation to the Notice of the Extraordinary General Meeting submitted by the Company vide letter dated 06th November, 2025 & First Corrigendum dated 20th ....
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Awaiting price reaction for this filing.
Sattrix Information Security Ltd has issued a second corrigendum to the notice of its EGM originally dispatched on November 6, 2025. The EGM is scheduled for November 29, 2025 at 2:00 PM via video conferencing. The corrigendum revises the swap ratio for the SSSPL acquisition from 379:1 to 391.41:1, meaning the company will issue 391.41 shares for every 1 share of SSSPL held by existing SSSPL shareholders. It also updates the preferential allotment table to 46,97,311 equity shares to be issued to 6 allottees — 2 promoters (Sachhin Gajjaer and Ronak Gajjar) and 4 non-promoters (Kedia Securities, Bhavya Jain, Gaurav Singh, Sagar Doshi). The relevant date for pricing has been moved from October 29, 2025 to October 30, 2025. Post-issue, total equity will rise from 68 lakh to about 1.14 crore shares, with promoter holding inching up from 73.53% to 74.99% and Indian public (retail) holding falling from 22.16% to 14.24%.
The corrigendum signals meaningful equity dilution (~69% increase in share count) tied to a share-swap acquisition and preferential allotment, with retail shareholders' stake set to shrink notably. Shareholders should review the revised swap ratio and allotment list before voting on November 29, as the terms have become more expensive (more shares per SSSPL share) than originally proposed.