https://nsearchives.nseindia.com/corporate/TAC_03092024125558_Regulation_30_03092024.pdf
Mumbai, India – September 03, 2024:
TAC Infosec Limited (formerly TAC Infosec Private Limited), with Corporate Identity Number (CIN) L72900PB2016PLC045575, has provided an update on the ongoing acquisition of SANDIA IT & Cyber-Security Services, LLC by its wholly owned subsidiary, TAC Security Inc. The update has been submitted to the National Stock Exchange of India Limited (NSE) as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
SANDIA IT & Cyber-Security Services, LLC holds a key services contract with the State of New Mexico, allowing it to directly engage with government clients for the delivery of advanced cybersecurity solutions. As outlined in the Term Sheet for this acquisition, SANDIA IT & Cyber-Security Services, LLC must secure all necessary written approvals under the terms of the services contract with the State of New Mexico.
Although the acquisition was initially scheduled to be completed by August 31, 2024, it has been delayed due to the pending receipt of these approvals. Any failure to obtain the necessary approvals could result in the cancellation or termination of the services contract, potentially leading TAC Security Inc. to rescind the Term Sheet approved for the acquisition.
TAC Infosec Limited will continue to provide timely updates in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015, as developments occur.
