Sattrix Information Security AGM Agenda

Rs 3.32 crore IPO funds reallocation; Rs 47.35 crore ESOP scheme proposed.

Reader Takeaway: Infrastructure expansion through IPO fund diversion and long-term talent retention plans drive the upcoming shareholder vote.

What just happened

Sattrix Information Security has notified shareholders of its Annual General Meeting (AGM) scheduled for September 22, 2026. The agenda features several critical financial and governance resolutions, including the modification of objects for its initial public offering (IPO) funds and the launch of a new employee stock option plan (ESOP).

Why this matters

The company seeks to redirect Rs 3.32 crore of unutilized IPO capital, previously earmarked for product and technology development, toward the acquisition of fixed assets and new office premises. This represents a pivot toward strengthening the company’s physical infrastructure footprint. Additionally, the introduction of an ESOP scheme valued at approximately Rs 47.35 crore indicates a significant move to incentivize staff and ensure talent retention over a four-year vesting period.

Management and Board

The Board has proposed the reappointment of Managing Director Sachhin Gajjaer for a three-year term ending May 2029, with a monthly remuneration of Rs 7,00,000 plus performance-based incentives. Whole-Time Director Ronak Sachin Gajjar is also set for a three-year reappointment, while Mayur Durgasing Rathod is proposed for reappointment as a director retiring by rotation.

Participation Details

Shareholders may cast their votes via remote e-voting starting September 19, 2026, through September 21, 2026. The cut-off date for eligibility to vote is September 15, 2026. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means.