TAC Infosec Ltd, a leading cybersecurity firm, has announced a series of positive developments, including a bonus share issue and robust financial performance. The company's stock price responded favorably to these announcements, reflecting investor confidence in its growth trajectory.

Bonus Share Issue

TAC Infosec has declared a one-for-one bonus issue of fully paid equity shares, each with a face value of Rs 10. This corporate action comes after receiving shareholder approval at the Annual General Meeting held on September 30, along with clearance from the National Stock Exchange. The key dates for this bonus issue are as follows:

Financial Performance

The company has reported impressive financial results for the second half of FY25:

This strong performance has contributed to a significant increase in the company's stock price, which has gained nearly 195.00% over the past year.

Stock Performance

Following the announcement of the bonus issue, TAC Infosec's shares rose by 5.00% to Rs 1,315.00, reflecting positive investor sentiment towards the company's growth and shareholder-friendly policies.

Future Plans and Market Position

TAC Infosec has outlined ambitious plans for future growth and expansion:

1. Capital Expenditure: The company plans to invest $100 million by 2030 to advance its AI-led cybersecurity capabilities.
2. Global Expansion: Establishment of R&D hubs across India, the US, Canada, Europe, and Southeast Asia.
3. Market Position: TAC Infosec has become the fifth-largest vulnerability management firm globally, serving over 6,000 clients across 100 countries. Its client roster includes tech giants such as Apple, Microsoft, Google, AWS, and Adobe.
4. US Subsidiary Plans: The company's US arm, CyberScope, is planning a Nasdaq listing. CyberScope recently secured a $1 million global order, further strengthening its market position.

These developments underscore TAC Infosec's strong growth trajectory and its increasing prominence in the global cybersecurity market. The bonus issue, coupled with robust financial performance and strategic expansion plans, positions the company favorably for continued success in the rapidly evolving cybersecurity landscape.

Shares of TAC Infosec experienced a significant uptick, jumping 5% to Rs 985.70 in recent trading, extending a two-day rally to an impressive 15.8%. The surge comes on the heels of an exciting announcement from its US subsidiary, CyberScope Web3 Security Inc., regarding plans for an initial public offering (IPO) on the Nasdaq Capital Market.

US Subsidiary's IPO Plans

CyberScope Web3 Security Inc., a wholly owned subsidiary of TAC Infosec incorporated in the Cayman Islands, has approved the filing of a confidential Draft Registration Statement with the US Securities and Exchange Commission (SEC). This move marks a significant step towards the company's goal of listing on the Nasdaq Capital Market, potentially opening up new avenues for growth and investment.

Stock Performance and Investor Interest

TAC Infosec, which made its market debut in April 2024, has been showing strong performance:

• 7% gain over the last month
• 57% increase over the past year

The company has caught the attention of veteran investor Vijay Kedia, who holds a substantial 14.6% stake in TAC Infosec. Notably, this makes TAC Infosec one of only three stocks in Kedia's portfolio where his holding exceeds 10%, potentially signaling strong confidence in the company's prospects.

Technical Analysis

From a technical perspective, TAC Infosec's stock is showing signs of short-term strength:

• Trading above five of its eight key simple moving averages
• Relative Strength Index (RSI) stands at 53.3

These indicators suggest positive momentum in the stock's recent trading activity.

About TAC Infosec

TAC Infosec is a cybersecurity firm that has been gaining traction in the market since its listing. The company's move to list its US subsidiary on the Nasdaq Capital Market could potentially enhance its global presence and access to international investors.

As the cybersecurity landscape continues to evolve, TAC Infosec's strategic moves, including the potential Nasdaq listing of its subsidiary, may position it for further growth in the dynamic digital security sector.