Sattrix Information Security approves revised ESOP scheme and director reappointments
- Sattrix Information Security held its 13th AGM on September 22, 2026, via video conferencing
- Shareholders approved the reappointment of Sachhin Gajjaer as Managing Director for three years
- The Revised Sattrix ESOP Scheme 2026 received shareholder approval as a special resolution
- Audited financial statements for the fiscal year ended March 31, 2026 were adopted
*this image is generated using AI for illustrative purposes only.
Sattrix Information Security Limited concluded its 13th Annual General Meeting (AGM) on September 22, 2026, via video conferencing. The meeting approved the reappointment of key directors and a revised employee stock option plan for FY26.
The AGM commenced at 3:00 pm and concluded at 4:07 pm. Chairman Sachhin Kishorbhai Gajjaer presided over the session, which was conducted in compliance with Ministry of Corporate Affairs and SEBI circulars. A quorum of nine members was present throughout the proceedings.
Key resolutions passed
Shareholders adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The following special and ordinary business items were approved:
| Resolution | Type | Details |
|---|---|---|
| Re-appointment of Managing Director | Special | Sachhin Gajjaer appointed for three years from May 28, 2026 to May 27, 2029 |
| Re-appointment of Whole-time Director | Ordinary | Ronak Sachin Gajjar appointed for three years from September 23, 2026 |
| IPO Object Variation | Special | Approval for variation in IPO objects and utilization of unutilized proceeds for fixed assets |
| Revised ESOP Scheme | Special | Approval of the Revised Sattrix ESOP Scheme 2026 |
Directorial changes and governance
Mr. Mayur Durgasing Rathod was re-appointed as Non-executive Director, retiring by rotation. The Board also approved the remuneration payable to the Managing Director for the period from April 1, 2026 to March 31, 2029. M/s. Govil Rathi & Associates served as the scrutinizer for the e-voting process.
Financial review highlights
Ronak Sachin Gajjar, Whole Time Director and Chief Financial Officer, presented the financial highlights for FY26. While specific revenue or profit figures were not disclosed in the immediate outcome notice, the adoption of the audited financial statements confirms the completion of the annual reporting cycle. The company noted that the transcript of the AGM will be available on its website in due course.
Historical Stock Returns for Sattrix Information Security
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.99% | +15.47% | -0.11% | -11.29% | +21.20% | +127.27% |
How will the variation in IPO objects and redirection of unutilized proceeds toward fixed assets impact Sattrix's operational capacity and future capital expenditure plans?
What specific performance milestones are embedded in the Revised Sattrix ESOP Scheme 2026 to align employee incentives with long-term shareholder value?
How might the three-year reappointment of Managing Director Sachhin Gajjaer influence the company's strategic direction and stability in the competitive information security sector?
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