Silver Touch Technologies Ltd

Silver Touch Technologies Ltd — Trading window closure from 1 October 2026 until 48 hours after declaration of unaudited financial results for the quarter and half year ended 30 September 2026

Order details

• Client: Space Applications Centre (SAC), ISRO, Department of Space, Government of India.
• Nature: supply, installation, commissioning and support of high-performance computing workstations.
• Delivery: within 18 weeks; completion by 02 February 2027; payment within 90 days.
• Domestic order; on-site support engagement; FOR SAC Stores, Ahmedabad; no promoter group interest.

Order details

• Awarding entity: Space Applications Centre (SAC), ISRO, Department of Space, Government of India (domestic).
• Nature and scope: supply, installation, commissioning and ongoing support of high-performance computing workstations.
• Delivery: FOR SAC Stores, Ahmedabad.
• Payment terms: payment within 90 days of receipt, installation and acceptance.
• Execution timeline: deliver within 18 weeks from PO; completion by 2 February 2027.
• Related party/promoter interest: No.

Business Overview

• IT services focused on government e-governance, AI platforms, and proprietary software.
• Transition from hardware reselling to software-led, recurring digital solutions.

Operational Highlights

• Q1FY27 consolidated revenue ₹78 Cr, up ~23% YoY.
• Order-book exceeds ₹800 Cr, signaling strong revenue visibility.
• AI4Pharma product suite gaining traction across pharma clients.
• AI-powered APQR solution launched; automation of regulatory reporting.
• Government portfolio includes Indian Navy, MEA, AAI, AIIMS, and state e-governance.
• Shift toward proprietary software platforms, increasing long-duration engagements.

Financial Performance

• Revenue From Operations: ₹76.72 Cr; Total Income: ₹78.02 Cr.
• EBITDA ₹17.05 Cr; EBITDA Margin 22.22%.
• PAT ₹10.01 Cr; PAT Margin 13.04%.
• EPS ₹0.79.
• YoY growth: Total Income 23.45%; EBITDA 88.79%; PAT 147.71%.

Capital Structure & Liquidity

• FY26 equity ₹169.69 Cr; Total assets ₹296.34 Cr.
• Current assets ₹194.76 Cr; Current liabilities ₹100.03 Cr.
• No explicit debt figure; financial liabilities ₹53.97 Cr within current liabilities.

Strategic Priorities & Outlook

• Deepen e-governance leadership and large-scale citizen service platforms.
• International expansion: UK, Europe, USA, Canada; scale Ai4Pharma.
• Invest in AI, Cloud, Cybersecurity, and RPA; IP-led platforms.
• Recurring revenues via Managed Services & AMC; cost optimization.
• Enhance global delivery capabilities with nearshore & offshore centres.

Risks & Mitigation

• Industry transition risk from hardware reselling to software platforms.
• Regulatory/compliance risks in pharma data platforms.
• Concentration risk on government/enterprise projects; mitigated by diversification.

Governance & Leadership

• Chairman & MD Vipul Thakkar leads governance; other WTDs listed.
• Company Secretary Rahul Advani; Compliance team named.
• Certifications include ISO, CMMi Level 5; governance emphasis.

Order details

• Gujarat Energy Limited (GEL) awarded the order to Silver Touch Technologies.
• The order covers Critical Infrastructure Management through comprehensive IT Facility Management Services across GEL locations.
• Contract value is Rs 5,05,50,050 exclusive of taxes and duties.
• Contract period spans three years from 1 October 2026 to 30 September 2029.
• Award was through a competitive open e-tender process.
• GEL is a domestic government entity; the transaction is not a related party transaction.
• Strategic impact includes deeper engagement in the power and energy value chain with multi-year operational support.

Order details

• Client: Gujarat Energy Limited (GEL), Government of Gujarat undertaking.
• Nature and scope: Critical Infrastructure Management via IT Facility Management Services including End User Support across GEL locations.
• Order value: Rs 50,550,050 exclusive of taxes.
• Contract period: 1 October 2026 to 30 September 2029.
• Domestic: GEL is a Government of Gujarat entity.
• Award basis: Competitive open e-tender floated by GEL.
• Related party: No promoter interest; GEL is not a related party.
• Material impact: Multiyear operational support deepens engagement in power and energy sector.

Transaction overview

• Target: Silver Touch Technologies Limited (543525).
• Disclosing party: Vipul Haridas Thakkar, promoter.
• Transaction: acquisition of 1,000 equity shares.
• Mode: Open Market Purchase.
• Date: 9 September 2026.

Holding before and after

• Pre-holdings: voting rights 2,59,64,630 (20.48%), encumbrances 9,28,130 (0.73%), total 2,68,92,760 (21.21%).
• Post-holdings: voting rights 2,59,65,630 (20.48%), encumbrances 9,28,130 (0.73%), total 2,68,93,760 (21.21%).
• Total diluted capital after acquisition: 21.21%.

Capital context

• Equity share capital before/after: Rs 25,36,20,000; 12,68,10,000 shares of Re 2.

Promoter status and PAC

• Acquirer is promoter; PAC with acquirer noted.

Engagement details

• Engaged by GUVNL to support core IT infrastructure.
• Scope includes servers, storage, SAN switches, tape library, backup architecture.
• Contract duration 12 months; value Rs 5,12,34,996.

Delivery terms

• SLA target: 99% uptime for GUVNL's e-Urja platform.
• Domestic award; no related-party concerns.
• Delivery to cover integrated management and OEM-authorised support.

Strategic significance

• Strengthens Silver Touch's presence in Power & Energy sector.
• Emphasizes infrastructure reliability for critical public utilities.
• Supports digital transformation of public sector enterprises.

Transaction details

• Target Company: Silver Touch Technologies Limited.
• Disclosing Party: Vipul Haridas Thakkar (Promoter).
• Transaction Type: Acquisition of 1,000 equity shares via Open Market Purchase.
• Pre-Transaction Holding: 2,59,64,630 voting rights (20.48%), encumbrances 9,28,130 (0.73%).
• Transaction Details: 1,000 shares acquired; equity; Open Market.
• Post-Transaction Holding: voting rights 2,59,65,630; encumbrances 9,28,130; total 2,68,93,760 (21.21%).
• Date of Transaction: 9 September 2026.
• Share Capital Context: Rs 25,36,20,000 before and after; 12,68,10,000 shares.
• Total diluted share/voting capital after acquisition: 21.21%.