Sattrix Information Security Limited has successfully completed its board-approved preferential share allotment worth Rs. 157,82,87,513 for the strategic acquisition of Sattrix Software Solutions Private Limited (SSSPL). The company allotted 45,48,379 equity shares at Rs. 347 per share through a share swap arrangement, making SSSPL a wholly-owned subsidiary.

Board Meeting Outcome and Regulatory Compliance

The board meeting for the share allotment was conducted on February 10, 2026, commencing at 4:30 PM and concluding at 4:47 PM. The allotment was executed pursuant to the Share Swap Agreement and received necessary regulatory approvals, including in-principle approval from BSE Limited vide letter no. LOD/PREF/TT/FIP/1606/2025-26 dated January 30, 2026.

Share Allotment Structure

The preferential allotment involved issuing fully paid-up equity shares with a face value of Rs. 10 each at an issue price of Rs. 347 per share. The allotment was made to six investors comprising both promoter and non-promoter categories through consideration other than cash.

Post-Allotment Shareholding Pattern

The preferential allotment has resulted in significant changes to the company's shareholding structure, with promoter shareholding adjustments and introduction of new non-promoter investors.

Target Company Profile and Performance

Sattrix Software Solutions Private Limited, incorporated on March 22, 2018, operates from Ahmedabad, Gujarat, specializing in software development and consulting services across e-commerce, retail, education, and healthcare sectors. The company offers comprehensive IT solutions including robotic process automation, artificial intelligence, big data analytics, enterprise mobility, and Oracle support services.

Strategic Impact and Related Party Nature

The acquisition enables Sattrix Information Security Limited to exercise complete control over SSSPL's management and operations as a wholly-owned subsidiary. This strategic move enhances the company's operational capabilities in cybersecurity services by expanding its industry reach and network. The transaction represents a related party acquisition, with promoters Sachin Kishorbhai Gajjaer and Ronak Sachin Gajjar holding positions in both entities, conducted on an arm's length basis supported by an independent fair market valuation report.

Sattrix Information Security Limited has secured a significant regulatory milestone with BSE Limited's in-principle approval for its preferential share issue. The approval, received on January 30, 2026, paves the way for the company to issue equity shares to both promoters and non-promoters through a share swap mechanism.

Share Issue Details

The BSE approval covers the following key parameters:

The approval was granted through BSE's letter reference LOD/PREF/TT/FIP/1606/2025-26, dated January 30, 2026, under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Scheduled for Share Allotment

Following the BSE approval, the company has announced that its Board of Directors will convene on Tuesday, February 10, 2026, to consider and approve the allotment of the approved equity shares. The meeting details are as follows:

The intimation was communicated to BSE Limited on February 5, 2026, in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, and was signed by Ms. Rina Kumari, Company Secretary & Compliance Officer.

Regulatory Compliance Requirements

BSE has outlined several critical compliance requirements that the company must fulfill. The exchange emphasized that this in-principle approval should not be construed as approval for listing of the securities, requiring separate compliance for listing procedures.

The company must ensure strict adherence to multiple regulatory frameworks including Companies Act, 2013, Securities Contracts (Regulation) Act, 1956, SEBI Act, 1992, Depositories Act, 1996, SEBI (ICDR) Regulations, 2018, and SEBI (LODR) Regulations, 2015.

Post-Allotment Obligations

Upon completion of the allotment, Sattrix Information Security must submit a listing application within twenty days from the allotment date, as specified in SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. The company has been advised that BSE reserves the right to withdraw the in-principle approval if any submitted information is found incomplete, incorrect, misleading, or in contravention of applicable regulations.