Silver Touch Technologies Limited , a prominent player in the IT sector, has announced that four of its promoters have pledged a total of 109,000 shares as collateral for loans to be taken by the company. This move, disclosed under SEBI regulations for substantial acquisition of shares and takeovers, highlights the company's strategic financial planning.

Details of the Share Pledge

The pledging of shares was carried out by key members of the company's leadership:

Purpose and Implications

The reason for the pledge, as stated in the LODR disclosures, is to serve as collateral for loans to be taken by Silver Touch Technologies Limited. This move suggests that the company may be looking to secure additional funding for its operations or potential expansion plans.

Regulatory Compliance

The pledging activities were disclosed in compliance with SEBI regulations, demonstrating the company's commitment to transparency and adherence to regulatory requirements. Each promoter filed individual disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Company Information

Silver Touch Technologies Limited is listed on both major Indian stock exchanges.

This share pledge by the promoters indicates their confidence in the company's future prospects and their willingness to use personal holdings to support the company's financial needs. Investors and market analysts will likely monitor how the company utilizes these potential loans and the impact on its financial position and growth strategies.

Stakeholders are advised to keep an eye on further announcements from the company regarding the utilization of funds and any material impacts on its business operations.

Silver Touch Technologies Ltd , a leading IT solutions provider, has made several significant announcements following its board meeting held on July 31, 2025. The company has reported its Q1 FY2025-26 unaudited financial results and recommended a dividend, among other key decisions.

Financial Results and Dividend

The board of directors has reviewed and approved the unaudited financial results for the first quarter ended June 30, 2025. While specific financial figures were not disclosed in the available information, Silver Touch Technologies has demonstrated confidence in its performance by recommending a final dividend of ₹0.50 per equity share for the financial year 2024-25. This dividend is subject to shareholder approval at the upcoming 31st Annual General Meeting (AGM) scheduled for August 26, 2025.

Annual General Meeting and Record Date

The 31st AGM of Silver Touch Technologies will be held on Tuesday, August 26, 2025, through video conferencing or other audio-visual means. The company has set August 19, 2025, as the record date for determining shareholder eligibility for the final dividend. The register of members and share transfer books will remain closed from August 20 to August 26, 2025 (both days inclusive).

Appointment of Secretarial Auditors

In a move to enhance corporate governance, the board has appointed M/s. Sandip Sheth & Associates as the company's Secretarial Auditors for a term of five years, from April 2025 to March 2030. This appointment is subject to shareholder approval at the upcoming AGM.

Re-appointment of Key Directors

The board has approved the re-appointment of several key directors, subject to shareholder approval:

1. Mr. Vipul Haridas Thakkar as Managing Director
2. Mr. Jignesh Amritlal Patel as Whole-time Director
3. Mr. Minesh Vinodchandra Doshi as Whole-time Director
4. Mr. Palak Vinubhai Shah as Whole-time Director
5. Mr. Himanshu Jain as Whole-time Director

These re-appointments are for three-year terms, with most starting from April 1, 2026, except for Mr. Himanshu Jain, whose term begins on January 1, 2026.

Increase in Borrowing Limits

In a strategic move to support future growth, the board has approved increasing the company's borrowing limits to ₹150.00 crores. This decision, aimed at meeting working capital and capital expenditure requirements, will be presented for shareholder approval at the AGM.

E-voting and Scrutinizer Appointment

Silver Touch Technologies has announced that remote e-voting for the AGM will be available from August 23, 2025, to August 25, 2025. The company has appointed M/s. Sandip Sheth & Associates as the scrutinizer for conducting the e-voting process.

These announcements reflect Silver Touch Technologies' commitment to growth, corporate governance, and shareholder value. The upcoming AGM will be a crucial event for shareholders to voice their opinions on these significant decisions.