1:5 Bonus Issue: Low PE, High ROCE IT Stock Secures Rs 69.5 Crore RailTel Project, Plans New Semiconductor Subsidiary; Check Details
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Sahana System has allotted bonus shares in a 1:5 ratio, approved the incorporation of a semiconductor subsidiary, shifted its registered office and recently secured a provisional Rs 69.51 crore RailTel project.
✨ Key Takeaways
On Monday, Indian equity benchmark indices traded higher, with the benchmark Nifty 50 index rising 211.90 points, or 0.87 per cent, to 24,595.50. Amid the positive market sentiment, Sahana System share price traded marginally higher by 0.07 per cent at Rs 845.05 after the company announced multiple strategic developments, including Bonus share allotment, incorporation of a Semiconductor subsidiary and a new registered office, following its recent RailTel project win.
Sahana System Board Approves 1:5 Bonus Share Allotment
The Board approved the allotment of 17,67,421 bonus equity shares of face value Rs 10 each in the ratio of 1:5, meaning shareholders received one bonus equity share for every five existing equity shares held as on the record date of July 31, 2026.
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Download Service BrochureFollowing the allotment, the company's paid-up equity share capital increased from 88,37,104 equity shares to 1,06,04,525 equity shares. The bonus shares will rank pari-passu with the existing equity shares in all respects.
Semiconductor Subsidiary Approved\
The Board also approved the incorporation of a new subsidiary, Sahana Semi-Conductors Limited (or such other name as may be approved by the authorities), marking the company's entry into the semiconductor industry.
The proposed subsidiary will focus on the design and fabrication of semiconductors and semiconductor devices. Sahana System will subscribe to 6,000 equity shares, representing a 60 per cent stake, through a cash investment of Rs 60,000, while Promoter Pratik Kakadia will subscribe to the remaining 40 per cent stake. Upon incorporation, the new entity will become a subsidiary of Sahana System.
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Registered Office Shifted
The Board also approved shifting the company's registered office within Ahmedabad from Maple Trade Centre, Thaltej to Sahana House, Meridian Square, Hebatpur Road, Thaltej, with effect from August 4, 2026.
Recently Secured Rs 69.51 Crore RailTel Project
Earlier, the company received a Provisional Letter of Intent (PLOI) from RailTel Corporation of India Limited, a Navratna PSU under the Ministry of Railways, for an Integrated Gate Automation System (IGAS) project at Deendayal Port Authority, Kandla.
The project is valued at Rs 69.51 crore (including GST) and covers the design, supply, installation, testing, commissioning, and five years of operations and maintenance. The project tenure is five years from the date of the purchase order.
About Sahana System
Sahana System Ltd is an Ahmedabad-based IT services company engaged in Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Blockchain, Business Intelligence and IT outsourcing. The company serves sectors including DefenceTech, FinTech, HealthTech, EduTech and system integration, catering to enterprises, government organisations and defence institutions. Further the stock is currently trading at a PE of 13.3x while delivering a healthy ROCE of 39.8 per cent, reflecting strong capital efficiency.
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Disclaimer: The article is for informational purposes only and not investment advice.