Sattrix Information Security Ltd — Updates, 29-05-2025: Company Update

Sattrix Information Security Limited has confirmed no deviation in the use of public issue proceeds except a modification in its business expansion approach. Originally planning in-house development of new products and technology, the company will now outsource this work to speed up progress and optimize resources, a change approved by shareholders. The IPO raised ₹21.78 Cr, with ₹11.61 Cr utilized across capital expenditure, business expansion, working capital, corporate purposes, and issue expenses. Approximately ₹10.17 Cr remains unutilized, invested in fixed deposits and bank accounts. Auditors found all utilizations in order with no concerns.