Silver Touch Technologies promoter Vipul Haridas Thakkar acquired 1,000 equity shares on the open market on September 9, 2026. The transaction was disclosed to stock exchanges on September 11, 2026.

The purchase falls under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Thakkar’s total holding stands at 2,68,93,760 shares, representing 21.21% of the total diluted share capital. This includes 2,59,65,630 voting shares and 9,28,130 encumbered shares.

What the Numbers Show

The acquisition is negligible in scale relative to Thakkar’s existing stake. The purchase of 1,000 shares represents less than 0.004% of his pre-transaction holding of 2,59,64,630 voting shares. Consequently, the transaction does not alter his percentage ownership, which remains static at 20.48% for voting rights and 21.21% for total capital including encumbrances.

Transaction Details

Thakkar holds no warrants or convertible securities in the company. The company’s total equity share capital remains ₹25,36,20,000, divided into 12,68,10,000 equity shares of Re. 2 each.

Silver Touch Technologies Limited reported a sharp acceleration in profitability for the first quarter of FY27, with net profit more than tripling year-on-year.

The Silver Touch Technologies posted a consolidated net profit of ₹10.01 crore for the three months ended June 30, 2026, compared to ₹4.04 crore in the same period last year. This represents a 148% year-on-year growth, significantly outpacing the top-line expansion.

Financial Performance

Revenue from operations grew 22.26% to ₹76.72 crore in Q1FY27, up from ₹62.75 crore in Q1FY26. Total income, which includes other income, rose 23.45% to ₹78.02 crore.

Operating efficiency improved markedly as EBITDA nearly doubled. The company recorded an EBITDA of ₹17.05 crore, up from ₹9.03 crore in the prior-year period. Consequently, the EBITDA margin expanded by 782 basis points to 22.22%.

What the Numbers Show

The divergence between revenue growth and profit expansion highlights a structural shift in the company’s business model. While revenue grew by roughly 22%, operational expenses related to stock-in-trade plummeted by 76.30% to ₹2.86 crore from ₹12.06 crore in the previous year. This drastic reduction in hardware procurement costs, combined with stable employee benefit expenses relative to income, confirms the transition from low-margin hardware reselling to higher-margin proprietary software and AI platforms.

Strategic Wins and Outlook

The company highlighted continued execution on marquee government projects, including engagements with the Indian Navy, Ministry of External Affairs, and Airport Authority of India. Silver Touch also noted increasing commercial traction for its AI4Pharma product suite.

Looking ahead, management emphasized deepening its leadership in e-governance, expanding international presence in the UK, USA, and Canada, and scaling IP-led AI solutions. The company aims to drive recurring revenues through managed services and annual maintenance contracts.