Sattrix Information Security Ltd. Receives Letter of Intent from State Bank of India
Sattrix Information Security Ltd. announced today, April 1, 2026, that it has received a Letter of Intent (LoI) from State Bank of India (SBI). The LoI is for the engagement of Sattrix as a Managed Security Service Provider (MSSP).The contract involves the supply of Managed Security Service Provider (MSSP) services for SBI's Cyber Security Defense Center (CSDC). The agreement has a term of three years and a total value of Rs. 9,30,00,000 (Rupees Nine Crore Thirty Lakhs only), excluding applicable taxes.
According to the LoI, neither the entity awarding the order nor any related parties have any interest in Sattrix Information Security Ltd. The agreement is not considered a related party transaction.
| SR. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the entity awarding the order(s)/contract(s) | State Bank of India (SBI) |
| 2 | Significant terms and conditions of order(s)/contract(s) awarded in brief | Supply of Managed Security Service Provider (MSSP) for Cyber Security Defense Center (CSDC). |
| 3 | Whether order(s)/ contract(s) have been awarded by domestic/international entity; | Domestic Entity |
| 4 | Nature of order(s) / contract(s) | Supply of Managed Security Service Provider (MSSP) for Cyber Security Defense Center (CSDC). |
| 5 | Whether domestic or international | Domestic |
| 6 | Time period by which the order(s)/contract(s) is to be executed | 03 (Three) Years |
| 7 | Broad consideration or size of the order(s)/contract(s) | Supply of Managed Security Service Provider (MSSP) for Cyber Security Defense Center (CSDC) for a Total Value of Rs. 9,30,00,000/- (Rupees Nine Crore Thirty Lakhs only), excluding applicable taxes. |
| 8 | Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof | Nil |
| 9 | Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at 'arm's length'. | No |
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