Sattrix Information Security Ltd. Receives Letter of Intent from Public Sector Bank
Sattrix Information Security Ltd. announced it has received a Letter of Intent (LoI) from a leading Public Sector Bank of India. The LoI is for the engagement of the company as a Managed Security Service Provider (MSSP).The contract entails the supply of cybersecurity services for a period of three years with a total value of Rs. 9,30,00,000 (Rupees Nine Crore Thirty Lakhs only), excluding applicable taxes.
The table below outlines key details of the agreement:
| SR. No. | Particulars | Details |
|---|---|---|
| 1 | Entity Awarding Order | Leading Public Sector Bank of India |
| 2 | Terms and Conditions | Supply of Cybersecurity Services as Managed Security Service Provider (MSSP) |
| 3 | Entity Type | Domestic Entity |
| 4 | Nature of Order | Supply of Cybersecurity Services as Managed Security Service Provider (MSSP) |
| 5 | Location | Domestic |
| 6 | Contract Duration | 03 (Three) Years |
| 7 | Contract Value | Rs. 9,30,00,000 (Rupees Nine Crore Thirty Lakhs only), exclusive of applicable taxes |
| 8 | Promoter Interest | Nil |
| 9 | Related Party Transaction | No |
The announcement follows a prior disclosure and is made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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