1:1 Bonus Share & Kedia’s Hold 14.60% Stake: IT Company Receives Order of Rs 1,00,00,000 from Bandhan Bank

DSIJ Intelligence-1 / 23 Sep 2025/ Categories: Mindshare, Trending

1:1 Bonus Share & Kedia’s Hold 14.60% Stake: IT Company Receives Order of Rs 1,00,00,000 from Bandhan Bank

The stock is up by 72.7 per cent from its 52-week low of Rs 619.90 per share.

TAC Infosec Limited has received a significant order valued at approximately Rs 1 crore (Rs 10 million) from Bandhan Bank for its ESOF AppSec Advanced Licenses. The order, which is for a domestic entity, involves providing a vulnerability management solution that will strengthen the bank's security posture. The assignment is set to begin within 10 to 15 days from the date the work order was issued, with the license subscription valid for a specific service period. The revenue from this contract will be recognised in the company's financials by March 2026, and the order is considered a strategic win, bolstering TAC Infosec's standing as a leading provider of cybersecurity solutions in the financial sector..

Additionally, TAC InfoSec Limited informed that recent changes to the U.S. H1 Visa program will not affect the company's business, revenue, or operations. As a SaaS-based cybersecurity company with its talent pool primarily in India, TAC Security does not rely on H1 visas. The company highlights that cybersecurity, defence, and AI sectors are reportedly exempt from these restrictions, which further strengthens its market position. The company views any potential shifts in global visa policies as an opportunity for India's IT and cybersecurity ecosystem, aligning with its vision to leverage India's talent and strengthen its leadership in the global market.

Furthermore, the company has announced that its Board of Directors approved a 1:1 bonus share issue. This means that for every one share a shareholder holds, they will receive an additional share. The move, which is subject to approval from shareholders and regulators, is intended to reward existing shareholders and increase the liquidity of the company's stock. The company also plans to increase its authorised share capital.

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About the Company

TAC InfoSec Limited (NSE: TAC), a publicly listed global cybersecurity firm specialising in vulnerability management, is known for its oversubscribed $1 billion IPO. Their flagship ESOF platform offers cyber scoring, risk quantification, and AI-powered vulnerability assessment and penetration testing. Holding CREST, PCI ASV, and ISO 27001 certifications, they partner with Google, Microsoft, and Meta for cloud security assessments. TAC Security serves a global clientele, including Fortune 500 companies, start-ups, and governments.

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According to half-yearly results, the net sales increased by 157 per cent to Rs 18 crore and net profit increased by 100 per cent to Rs 8 crore in H2FY25 compared to H2FY24. In its annual results, the net sales increased by 150 per cent to Rs 30 crore and net profit increased by 150 per cent to Rs 15 crore in FY25 compared to FY24.

An ace investor, Vijay Kedia, owns 11,47,500 shares or 10.95 per cent stake and his son, Ankit Vijay Kedia, owns 3,82,500 shares or 3.65 per cent stake in the company as of March 2025. The stock is up by 72.7 per cent from its 52-week low of Rs 619.90 per share.

Disclaimer: The article is for informational purposes only and not investment advice.