Sattrix Information Security Limited has secured a substantial work order worth Rs 1,15,50,000 from a leading pharmaceutical company for comprehensive SIEM (Security Information and Event Management) services. The company announced this development through a regulatory filing under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Order Details and Scope

The contract encompasses the supply of SIEM license, its implementation, and managed support services to be delivered over a 12-month period. The order value of Rs 1,15,50,000 (Rupees One Crore Fifteen Lakhs Fifty Thousand) is exclusive of applicable taxes, representing a significant business opportunity for the cybersecurity firm.

Service Components

The comprehensive order includes multiple components designed to enhance the client's cybersecurity infrastructure:

• SIEM License Supply: Provision of Security Information and Event Management software licensing
• Implementation Services: Complete system setup and integration with existing infrastructure
• Managed Support Services: Ongoing technical support and maintenance throughout the contract period

Regulatory Compliance

The company has fulfilled all disclosure requirements under SEBI regulations, confirming that the order does not involve any related party transactions and is conducted at arm's length. The contract has been awarded by a domestic entity with no promoter or group company interests involved.

Business Impact

This order reinforces Sattrix Information Security's position in the enterprise cybersecurity market, particularly in serving pharmaceutical sector clients who require robust security information and event management solutions. The 12-month contract duration provides revenue visibility and demonstrates the company's capability to deliver comprehensive security services beyond just software supply.

The pharmaceutical industry's increasing focus on cybersecurity compliance and data protection makes this sector a strategic target for specialized security service providers like Sattrix Information Security Limited.

Source:

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.