Sattrix Information Security Board Approves IPO Proceeds Use, ESOPs
Sattrix Information Security Limited's Board of Directors met on August 26, 2026, approving several key proposals. These include the utilization of unutilized IPO proceeds for acquiring fixed assets, such as new office premises, subject to shareholder approval. The board also approved an Employee Stock Option Plan (ESOP) scheme, pending member approval. Additionally, the re-appointment of director Mr. Mayur Durga Sing Rathod and Whole-Time Director Mrs. Ronak Sachin Gajjar were approved, also subject to member consent. The Directors' Report for FY 2025-26, the notice for the 13th Annual General Meeting (AGM) scheduled for September 22, 2026, and the appointment of a scrutinizer were also approved. The book closure dates and e-voting period for the AGM were set, along with the approval of related party transactions requiring shareholder consent.
Key Highlights
- IPO proceeds to be used for fixed assets, including office premises.
- Employee Stock Option Plan (ESOP) scheme approved.
- Re-appointment of director and Whole-Time Director approved.
- 13th Annual General Meeting scheduled for September 22, 2026.
- Book closure and e-voting dates finalized for AGM.
Price Impact
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