Silver Touch Technologies Limited has completed the allotment of bonus equity shares in a 1:1 ratio, effectively doubling its paid-up share capital. The Bonus Issue And Allotment Cum Reclassification of Shares Committee of the Board of Directors approved the allotment during its meeting held on March 9, 2026, which serves as the deemed date of allotment.

Bonus Share Allotment Details

The company has allotted 6,34,05,000 bonus equity shares with a face value of ₹2 each. Under the 1:1 bonus ratio, eligible shareholders received one bonus equity share for every existing fully paid-up equity share held. The allotment was made to shareholders whose names appeared in the Register of Members or Register of Beneficial Owners as on the record date of March 6, 2026.

Impact on Share Capital Structure

The bonus issue has significantly transformed the company's capital structure, doubling both the number of shares and the total paid-up capital:

The newly issued bonus equity shares will rank pari-passu in all respects with the existing fully paid-up equity shares of the company, ensuring equal rights and privileges for all shareholders.

Committee Meeting Details

The Bonus Issue And Allotment Cum Reclassification of Shares Committee meeting commenced at 09:00 AM and concluded at 09:20 AM on March 9, 2026. The brief duration of the meeting indicates the straightforward nature of the bonus share allotment process, which had been previously approved by the board and shareholders.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Silver Touch Technologies has informed both the National Stock Exchange of India Limited and BSE Limited about the completion of the bonus share allotment. The intimation has also been made available on the company's official website at silvertouch.com for stakeholder access.

Silver Touch Technologies has secured a major AgriTech transformation project from the Odisha Computer Application Centre (OCAC), Government of Odisha, for the comprehensive enhancement, operation, maintenance and technical support of the CM-KISAN Portal under the Agriculture & Farmers' Empowerment Department. The announcement was made on March 5th, 2026, marking a significant milestone in the company's government technology portfolio.

Project Scope and Strategic Importance

The CM-KISAN platform serves as a critical digital infrastructure supporting agricultural welfare schemes and direct benefit transfers to farmers across Odisha. The comprehensive project encompasses multiple service areas that demonstrate the extensive nature of the engagement:

The project will contribute to strengthening the digital backbone of farmer-centric welfare schemes, enhancing transparency and accuracy of benefit distribution, and enabling real-time data-driven decision making for agricultural governance.

AgriTech Portfolio Expansion

This contract win significantly strengthens Silver Touch Technologies' position in the AgriTech and Digital Public Infrastructure ecosystem. The company's expanding AgriTech portfolio now focuses on several key areas:

By modernizing and scaling the CM-KISAN ecosystem, the company will enable improved governance, faster scheme delivery, and enhanced farmer outreach, contributing meaningfully to the state's agricultural transformation agenda.

Management Commentary

Commenting on the development, Mr. Minesh V. Doshi, Executive Director, Silver Touch Technologies, stated: "We are proud to partner with the Government of Odisha in strengthening the CM-KISAN platform, a mission-critical initiative aimed at empowering farmers through technology. This engagement reinforces our commitment to leveraging digital innovation for agricultural transformation and inclusive rural growth. AgriTech remains a strategic focus area for us, and we see significant long-term potential in this domain."

The project represents Silver Touch Technologies' continued support for central and state governments in implementing mission-critical digital platforms that enhance transparency, efficiency, and citizen empowerment in the agricultural sector.