TAC InfoSec Limited's subsidiary, Cyberscope Web3 Security Inc., has officially launched 'Cyberscan AI,' an AI-powered Smart Contract Security Scanning Product, on May 13, 2026. The development was communicated to the National Stock Exchange of India Limited pursuant to Regulation 30 of SEBI LODR Regulations, 2015, and was signed off by Trishneet Arora, Chairman, Executive Director & CEO of TAC InfoSec Limited.

Product Overview

Cyberscan AI is designed to serve the international market on a global scale, positioning Cyberscope as a competitive player among the world's leading Web3 security auditors. The product offers free smart contract scanning capabilities for developers, while official audit badges and licensed validations will be available through a paid licensing model. The key details of the product launch are summarised below:

Strategic Intent

According to the regulatory filing, the launch of Cyberscan AI is aimed at accelerating client acquisition for Cyberscope and reinforcing its standing among the top global Web3 security auditors. The product's freemium model — offering free scanning for developers while monetising through paid audit badges and licensed validations — is structured to drive adoption across the developer community while building a revenue pipeline. The filing notes that revenue visibility is expected over the next 2–3 quarters.

Regulatory Disclosure

The intimation was filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the National Stock Exchange of India Limited. The disclosure was submitted on May 13, 2026, by Trishneet Arora in his capacity as Chairman, Executive Director & CEO of TAC InfoSec Limited (DIN: 07567604). The product launch was also streamed live on YouTube, with the Cyberscan AI product accessible at the official Cyberscope platform.

TAC InfoSec Limited announced on May 7, 2026, the appointment of Mr. Hector Hugo Balderas as an Additional Director in the category of Non-Executive Independent Director. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval at the ensuing Annual General Meeting. Concurrently, Mr. Sanjiv Swarup tendered his resignation from the position of Independent Director, effective from the closure of business hours on May 7, 2026.

Board Meeting Outcomes

The Board meeting, held through Audio/Visual Mode, commenced at 09:20 and concluded at 09:50. In addition to the director changes, the Board approved the appointment of M/s Chandrasekaran Associates, Company Secretaries (Firm Registration Number: P1988DE00250), as the Secretarial Auditors of the Company for FY 2025-26.

Appointment Details

The key parameters of Mr. Balderas' appointment are summarised below:

Profile of Mr. Hector Hugo Balderas

Mr. Balderas brings a distinguished record of public service and governance leadership to TAC InfoSec Limited's Board. He served as the Attorney General of New Mexico from 2015 to 2022, the State Auditor of New Mexico from 2007 to 2014, and as a Member of the New Mexico House of Representatives from 2005 to 2006. He is also recognised as one of the youngest statewide elected officials in the United States. Currently, he serves as the President of Northern New Mexico College, a position to which he was unanimously appointed in January 2023.

Mr. Balderas earned a bachelor's degree in political science from New Mexico Highlands University and a Juris Doctor degree from the University of New Mexico School of Law. He began his legal career as an assistant district attorney in Bernalillo County and later served as a special prosecutor for domestic violence cases in the 4th Judicial District of New Mexico.

Key Achievements in Public Office

During his tenure as State Auditor, Mr. Balderas led investigations that uncovered financial mismanagement across state and local government, including the largest public school embezzlement scheme in New Mexico history — a $3.3 million fraud at the Jemez Mountain School District. He also led the special audit of Sunland Park, prompting the first-ever state takeover of a municipality in New Mexico's history.

As Attorney General, Mr. Balderas reorganized the Office of the Attorney General to prioritize public safety, corporate accountability, and consumer protection. Notable actions included filing a federal lawsuit against Google for illegally tracking personal data from schoolchildren, securing $32 million in settlements for New Mexico communities impacted by the Gold King Mine spill, and leading prosecutions against public officials for embezzlement and fraud. He also launched Project OPEN (Opioid Prevention and Education Network) to train law enforcement and community leaders in overdose prevention.

As President of Northern New Mexico College, Mr. Balderas secured over $10 million in legislative funding — the largest in the college's history — and achieved a 14 percent enrollment increase in fall 2023 and a 24 percent increase in spring 2024 under his Soaring to New Heights model. He also expanded workforce partnerships, launching the Center for Information Technology and Cybersecurity in collaboration with Los Alamos National Laboratory and the National Nuclear Security Administration.

Honours and Accolades

Mr. Balderas is already associated with the TAC Security ecosystem, serving as an Independent Director on the Board of TAC Security Inc., USA, and CyberScope Web3 Security Inc., providing continuity, governance alignment, and international strategic perspective to TAC InfoSec Limited. The Company has confirmed that Mr. Balderas is not related to any of the Directors of the Company and is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.

Resignation of Mr. Sanjiv Swarup

Mr. Sanjiv Swarup (DIN: 00132716) tendered his resignation as Independent Director of TAC InfoSec Limited, effective from the closure of business hours on May 7, 2026, citing statutory limitations on the number of companies and directorships he can hold. In his resignation letter, Mr. Swarup confirmed that there are no other material reasons for his resignation beyond those stated. The Board has placed on record its appreciation for his valuable contribution and guidance during his tenure.

About TAC InfoSec Limited

TAC InfoSec Limited is a publicly listed global cybersecurity company specialising in vulnerability management. The company serves 10,000+ clients across 100+ countries and is among the world's largest vulnerability management providers by client count. Its flagship platform, ESOF (Enterprise Security in One Framework), enables cyber risk quantification, vulnerability assessment, and AI-driven security analysis. The company holds certifications including CREST and ISO standards, and partners with global technology companies such as Google, Microsoft, and Meta.