SILVERTUC - Silver Touch
📢 Recent Corporate Announcements
Silver Touch Technologies has successfully allotted 6,34,05,000 bonus equity shares to eligible shareholders following its 1:1 bonus issue. The allotment was finalized in a committee meeting on March 9, 2026, for shareholders on record as of March 6, 2026. This corporate action has doubled the company's total paid-up equity share capital from ₹12.68 crore to ₹25.36 crore. The new shares rank pari-passu with existing shares and are intended to enhance stock liquidity.
- Allotment of 6,34,05,000 bonus equity shares with a face value of ₹2 each
- Bonus issue executed in a 1:1 ratio, doubling the total share count
- Total paid-up share capital increased from ₹12,68,10,000 to ₹25,36,20,000
- Record date for the bonus eligibility was March 6, 2026
- Total post-issue outstanding equity shares stand at 12,68,10,000
Silver Touch Technologies Limited has secured a significant purchase order from the Odisha Computer Application Centre (OCAC) for the CM-KISAN Portal. The project involves the enhancement, operation, maintenance, and technical support of the state's critical digital infrastructure for farmer welfare and direct benefit transfers. This win strengthens the company's position in the AgriTech and Digital Public Infrastructure (DPI) sectors. While the specific financial value was not disclosed, the project represents a major modernization effort for a state-level government platform.
- Awarded contract for enhancement and maintenance of Odisha's CM-KISAN portal by OCAC.
- Project focuses on modernization of digital infrastructure for agricultural welfare schemes and Direct Benefit Transfers (DBT).
- Strengthens company's portfolio in high-growth AgriTech and Digital Public Infrastructure (DPI) segments.
- Aims to improve transparency, traceability, and real-time data-driven decision-making for agricultural governance.
Silver Touch Technologies has been selected for a major AI-driven digital governance project for the Air Cargo Complex, Mumbai Customs (Zone III). The initiative involves developing a next-generation citizen-centric portal integrated with a multilingual AI chatbot to handle public grievances and information management. This project is structured on a milestone-based delivery model covering design, development, and go-live phases. While the specific contract value was not disclosed, the engagement strengthens the company's position in the high-growth AI and e-governance sectors.
- Selected for AI-enabled digital governance engagement for Air Cargo Complex, Mumbai Customs, Zone III.
- Development of a multilingual AI chatbot to manage queries on import/export procedures and regulatory frameworks.
- Project includes backend knowledge management and analytics dashboards for performance monitoring.
- Milestone-based delivery structure ensuring structured revenue recognition across Design, Development, and Go-Live phases.
Silver Touch Technologies has been selected as the Managed Service Provider (MSP) for the Food Safety and Standards Authority of India (FSSAI). The mandate covers the end-to-end development, enhancement, and maintenance of FSSAI's portals and mobile applications. Key technical deliverables include an AI-enabled multilingual chatbot and a scalable document compression system for over 40 TB of data. This long-term engagement offers strong revenue visibility through its multi-year maintenance and operations phase.
- Secured a long-term contract as MSP for FSSAI's digital applications and portals.
- Scope includes AI-enabled chatbots, cloud deployment, and a 40+ TB document compression system.
- The engagement provides multi-year revenue visibility through development and maintenance phases.
- Strengthens the company's footprint in large-scale, mission-critical Indian government digital programs.
Silver Touch Technologies Limited conducted a virtual group meeting with analysts and investors on February 20, 2026. The interaction lasted for 40 minutes, beginning at 4:00 P.M. and ending at 4:40 P.M. The company explicitly stated that no unpublished price sensitive information (UPSI) was disclosed during the session. Such meetings are standard practice for listed companies to maintain transparency and engage with the investment community.
- Virtual group meeting held with analysts and investors on February 20, 2026.
- The meeting duration was 40 minutes, concluding at 4:40 P.M.
- Company confirmed that no unpublished price sensitive information (UPSI) was shared.
- Disclosure filed under Regulation 30 of SEBI (LODR) Regulations, 2015.
Silver Touch Technologies Limited has finalized March 6, 2026, as the record date for its upcoming stock split and bonus issue. The company will sub-divide each existing share of face value ₹10 into five shares of face value ₹2 each. Following this, a 1:1 bonus issue will be executed on the post-split shares. This combined action will result in a 10-fold increase in the total number of shares held by investors, aimed at enhancing liquidity and retail participation.
- Record date for both stock split and bonus issue is fixed for March 6, 2026
- Stock split ratio of 1:5, reducing face value from ₹10 to ₹2 per share
- Bonus issue ratio of 1:1 on the post-split face value of ₹2
- Total share count for an existing shareholder will increase by 10 times post-execution
Silver Touch Technologies Limited has received overwhelming shareholder approval for a 1:5 stock split, reducing the face value of equity shares from ₹10 to ₹2. Additionally, resolutions for a bonus share issue and an increase in authorized share capital were passed with a 99.99% majority. A total of 95.79 lakh votes were polled, representing 75.54% of the total outstanding shares. These corporate actions are designed to improve stock liquidity and reward long-term investors.
- Approved sub-division of 1 equity share (Face Value ₹10) into 5 equity shares (Face Value ₹2)
- Shareholders passed the resolution for the issuance of Bonus Shares
- Voting results showed 99.99% of polled votes (95.78 lakh shares) were in favor of all resolutions
- Authorized Share Capital increased to accommodate the new share structure and bonus distribution
- Total voter turnout was 75.54% of the total 1.26 crore shares held
Silver Touch Technologies Limited (SILVERTUC) has received shareholder approval for a 1:5 stock split, where each equity share of face value ₹10 will be subdivided into five shares of ₹2 each. Additionally, shareholders approved the issuance of bonus shares and an increase in the company's authorized share capital. All resolutions were passed with an overwhelming majority of 99.99% of the votes cast. These corporate actions are designed to improve stock liquidity and reward existing shareholders.
- Approved 1:5 stock split, reducing face value from ₹10 to ₹2 per share.
- Shareholders granted approval for the issuance of Bonus Shares.
- Authorized Share Capital to be increased to accommodate the split and bonus issuance.
- Resolutions passed with 95,78,970 votes (99.99%) in favor and only 105 votes against.
- The effective date for these changes was confirmed as February 18, 2026.
Silver Touch Technologies Limited has scheduled a virtual group meeting with analysts and investors for February 20, 2026, at 4:00 PM IST. The meeting is being conducted under Regulation 30 of the SEBI (LODR) Regulations, 2015. Management will discuss the company's performance and outlook based on generally available information, ensuring no unpublished price sensitive information is shared. This interaction reflects the company's ongoing engagement with the institutional investment community.
- Virtual group meeting scheduled for Friday, February 20, 2026, at 4:00 PM IST.
- The meeting is conducted in compliance with Regulation 30 of SEBI (LODR) Regulations.
- Discussions will focus on generally available information to ensure fair disclosure.
- The schedule is subject to change due to exigencies on the part of the company or investors.
Silver Touch Technologies (SILVERTUC) reported a robust order book of ₹650 Crore as of December 31, 2025, with 50-60% of revenue being recurring in nature. The company has incorporated a new subsidiary, AI4PHARMA TECH LTD, targeting a global market of 25,000 pharmaceutical plants with a potential annual recurring revenue of ₹1-5 Crore per plant. Recent major contract wins include projects for the Indian Navy, Uttar Pradesh Transport Department, and the Ministry of External Affairs. The company maintains a strong presence in E-Governance and Software Services, which together contribute 71% of its business.
- Order book stands at ₹650 Crore as of December 31, 2025, with 50-60% recurring revenue.
- New subsidiary AI4PHARMA TECH LTD launched, targeting 25,000 global pharma plants with ₹1-5 Cr ARR potential per plant.
- Secured major orders including a cloud-native platform for 1 lakh Indian Navy personnel and smart card DL project for UP Transport.
- Software Services and E-Governance segments dominate the business mix, contributing 51% and 20% respectively.
Silver Touch Technologies Limited has approved its unaudited standalone and consolidated financial results for the third quarter and nine months ending December 31, 2025. The Board meeting, held on February 2, 2026, concluded in 40 minutes and included a limited review by statutory auditors M/s Ambalal Patel & Co. Alongside financial approvals, the company updated its Internal Complaint Committee (ICC) to maintain regulatory compliance with the Sexual Harassment of Women at Workplace Act. This routine disclosure confirms the company's adherence to SEBI's reporting timelines for the 2025-26 fiscal year.
- Approval of standalone and consolidated financial results for the quarter and nine months ended December 31, 2025
- Statutory audit review completed by M/s Ambalal Patel & Co. for the Q3 FY26 period
- Reconstitution of the Internal Complaint Committee (ICC) with 6 members, including an NGO representative
- Board meeting duration was exactly 40 minutes, starting at 13:00 and ending at 13:40 IST
Silver Touch Technologies Limited has approved its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The board meeting, held on February 2, 2026, confirmed that the results were reviewed by the Audit Committee and statutory auditors. Additionally, the company announced a revision in the constitution of its Internal Complaint Committee (ICC) to ensure compliance with workplace safety regulations. This filing serves as a routine regulatory update following the end of the third quarter.
- Approved unaudited standalone and consolidated financial results for Q3 and 9M ended December 31, 2025.
- Statutory auditors M/s Ambalal Patel & Co. issued a Limited Review Report for the period.
- Reconstituted the Internal Complaint Committee (ICC) with Ms. Syamala Sharma as Chairperson.
- The board meeting was conducted via video conferencing and concluded within 40 minutes.
Silver Touch Technologies has been re-selected by the Ministry of External Affairs (MEA) for a strategic digital transformation project, extending a decade-long partnership. The long-term contract covers the redesign, development, and multi-year maintenance of the MEA's official website and digital ecosystem. This engagement provides strong revenue visibility and reinforces the company's position as a leader in high-security e-Governance solutions. The project will integrate advanced AI-enabled features and secure cloud hosting to support India's global diplomatic outreach.
- Secured a long-term contract for redesigning and maintaining the Ministry of External Affairs' digital platforms.
- Extends a successful 10-year partnership with the Government of India for mission-critical IT services.
- Project includes AI-enabled search, AI-chatbots, and high-availability cloud hosting on MeitY-empanelled infrastructure.
- The multi-year maintenance phase ensures steady, recurring revenue and long-term business continuity.
Silver Touch Technologies has been re-selected by the Ministry of External Affairs (MEA) for a strategic digital transformation project, continuing a partnership that has lasted over 10 years. The contract involves the redesign, development, and long-term maintenance of the MEA's official website and digital ecosystem, including AI-enabled features and mobile apps. This long-term engagement provides the company with strong revenue visibility through multi-year maintenance phases. The project is strategically significant as it manages India's primary digital interface for global diplomacy and citizen services.
- Re-selected by the Ministry of External Affairs for a strategic digital platform engagement.
- Continuation of a long-standing partnership with the MEA spanning over 10 years.
- Scope includes redesign, development, and multi-year maintenance, ensuring long-term revenue visibility.
- Project features advanced AI-enabled search, AI-chatbots, and secure MeitY-empanelled cloud hosting.
- Reinforces the company's leadership in high-stakes government digital transformation programs.
Silver Touch Technologies (SILVERTUC) showcased a robust business outlook during its recent investor meet, highlighting a current order book of ₹650 crore. The company has maintained a consistent revenue CAGR of 20-25% over the last three years, driven by its core software services which contribute 51% of total revenue. With a workforce of over 1,500 professionals and CMMi Level 5 certification, the firm is heavily involved in mission-critical government projects like the national disability portal and Indian Navy cloud transformation. Management noted that 85-90% of revenue is domestic, providing a hedge against international market volatility.
- Current order book stands at ₹650 crore with significant multi-year revenue visibility.
- Achieved a steady revenue CAGR of 20-25% over the past three fiscal years.
- Software services and e-governance projects account for 51% and 20% of revenue respectively.
- Executed over 4,000 projects for 2,000+ global clients with a 1,500+ strong technology workforce.
- Domestic operations contribute 85-90% of total revenue, ensuring stability during global IT downturns.
Financial Performance
Revenue Growth by Segment
Standalone revenue from IT services and hardware sales grew 29% YoY to INR 266.63 Cr in FY 2024-25. Consolidated revenue reached INR 288.38 Cr, a 28.5% increase from INR 224.30 Cr in FY 2023-24, driven by new service contracts and timely delivery of software projects.
Geographic Revenue Split
Domestic operations contributed 86.3% (INR 248.93 Cr) of consolidated revenue in FY 2024-25, while Export revenue contributed 13.7% (INR 39.45 Cr). Standalone domestic revenue grew 32.4% YoY to INR 248.22 Cr.
Profitability Margins
Net Profit Margin (PAT Margin) improved from 7.56% in FY 2024-25 to 8.41% in FY 2024-25. Consolidated PAT for Q2 FY26 rose 69.55% YoY to INR 7.46 Cr, with PAT margins expanding by 284 bps to 8.72% due to a higher mix of software services.
EBITDA Margin
EBITDA margin for Q2 FY26 stood at 16.14%, a significant improvement of 390 bps from 12.24% in Q2 FY25. This was driven by a 50.66% surge in EBITDA to INR 13.80 Cr, reflecting better absorption of fixed overheads and higher-margin software service contracts.
Capital Expenditure
Not explicitly disclosed in absolute INR Cr for future periods, but the company reported a 235% increase in its Debt-Equity ratio in FY 2024-25 to fund business expansion and operational working capital requirements.
Credit Rating & Borrowing
The company maintains an IVR BBB/Stable (Long Term) and IVR A3+ (Short Term) rating. Borrowing costs are reflected in interest rates of 9.00% to 9.30% p.a. on advances to subsidiaries like Silvertouch Technologies Inc. and Canada Ltd.
Operational Drivers
Raw Materials
Hardware components including computers and peripherals represent the primary 'sale of goods' cost, though specific percentage of total cost per item is not disclosed.
Capacity Expansion
The company operates with 764 employees as of March 31, 2025, and 50 apprentice trainees. Expansion is focused on human capital and service delivery rather than physical manufacturing capacity.
Raw Material Costs
Cost of goods sold relates to computer hardware; however, the shift toward software services (which fetch higher margins) reduced the relative impact of hardware procurement costs on the bottom line in FY 2024-25.
Manufacturing Efficiency
Operational efficiency is measured by the improvement in operating margins from 11.52% in FY24 to 13.72% in FY25, driven by better utilization of the skilled workforce in software services.
Strategic Growth
Expected Growth Rate
13-15%
Growth Strategy
Growth is targeted through expansion in e-Governance, enterprise technology, and digital transformation. The company is leveraging its healthy order book and increasing its presence in international markets like the USA, UK, and France to drive higher-margin export revenue.
Products & Services
IT solutions, software services, e-Governance platforms, enterprise technology solutions, and sale of computer hardware and peripherals.
Brand Portfolio
Silver Touch
New Products/Services
New service contracts in software services contributed to the 29% revenue growth in FY25; specific new product names are not listed.
Market Expansion
Expansion is focused on international subsidiaries in the USA, UK, France, and Canada to diversify revenue away from the 86% domestic concentration.
Strategic Alliances
The company operates through wholly-owned subsidiaries: Silver Touch Technologies INC (USA), Silver Touch Technologies UK Ltd, and Silver Touch Technologies SAS (France).
External Factors
Industry Trends
The industry is shifting toward digital transformation and cybersecurity. Silver Touch is positioning itself by increasing its EBITDA margins to 16.14% in Q2 FY26 through specialized IT services.
Competitive Landscape
The IT industry is highly competitive with low entry barriers for services, though the company's established relationship with government entities provides a defensive advantage.
Competitive Moat
The moat is built on the 20+ years of experience of promoter Mr. Vipul H. Thakkar and a strong track record in e-Governance, which creates high switching costs for government clients.
Macro Economic Sensitivity
Highly sensitive to government IT spending and digital India initiatives, as a significant portion of revenue is derived from domestic government agencies.
Consumer Behavior
Increased demand for digital transformation and automated e-Governance services is driving the 14.25% YoY revenue growth seen in Q2 FY26.
Geopolitical Risks
Global uncertainties and trade disruptions could impact the export segment and the procurement of hardware peripherals.
Regulatory & Governance
Industry Regulations
Compliance with data protection laws and industry-specific regulations is mandatory; adapting to new regulations necessitates significant investments in legal resources and system upgrades.
Taxation Policy Impact
The company noted that changes in corporate tax rates or digital services taxes could erode profit margins. Current tax compliance is managed through prescribed accounting standards.
Legal Contingencies
The company reported no pending cases for holding benami property and no whistle-blower complaints were received during the year.
Risk Analysis
Key Uncertainties
Technology obsolescence and cybersecurity threats are primary risks. A major security breach could impact reputation and lead to legal liabilities, potentially impacting revenue by over 20%.
Geographic Concentration Risk
High geographic concentration with 86.3% of revenue coming from the domestic Indian market.
Third Party Dependencies
Dependency on government tenders for a significant portion of the order book introduces business risk and revenue volatility.
Technology Obsolescence Risk
The company faces high risk from rapidly evolving technologies; failure to upgrade skills could lead to a loss of market share to more agile competitors.
Credit & Counterparty Risk
Counterparty risk is considered low due to the company's association with reputed government clientele, though receivable periods remain high.