https://nsearchives.nseindia.com/corporate/TAC_06112024151219_Outcome_Final.pdf
Mohali, Punjab – November 6, 2024 – TAC Infosec Limited (formerly known as TAC Infosec Private Limited), a leading global cybersecurity firm, today announced its unaudited financial results for the half-year ended September 30, 2024, alongside the utilization statement for the IPO funds raised earlier this year.
Key Financial Highlights for the Half-Year Ended September 30, 2024
- Total Income: Recorded at Rs. 1,315.81 lakhs, up from Rs. 501.84 lakhs for the corresponding period in 2023.
- Net Profit: The consolidated net profit after tax stood at Rs. 652.76 lakhs, a significant increase compared to Rs. 192.91 lakhs in the half-year ended September 30, 2023.
- Employee Benefits Expense: Totaled Rs. 407.27 lakhs for the period, highlighting the company’s commitment to strengthening its workforce.
- Cash and Bank Balances: The company reported an impressive increase in cash and bank balances to Rs. 3,076.51 lakhs as of September 30, 2024, compared to Rs. 59.70 lakhs as of March 31, 2024.
Detailed Utilization of IPO Funds TAC Infosec Limited successfully raised Rs. 29.99 crores through its SME IPO on April 3, 2024, with trading approval received on April 5, 2024. The company is pleased to report full transparency in the allocation of the funds as follows:
- Investment in Human Resources and Product Development:
- Original Allocation: Rs. 18.65 crores
- Funds Utilized: Nil (Amount lying in fixed deposits with banks)
- Unutilized Amount: Rs. 18.65 crores
- General Corporate Purposes:
- Original Allocation: Rs. 7.44 crores
- Funds Utilized: Nil (Amount lying in fixed deposits with banks)
- Unutilized Amount: Rs. 7.44 crores
- Public Issue Related Expenses:
- Original Allocation: Rs. 3.9 crores
- Funds Utilized: Rs. 0.18 crores
- Unutilized Amount: Rs. 3.72 crores
Comments from Leadership Trishneet Arora, Chairman and CEO of TAC Infosec Limited, stated: “The strong financial performance for the half-year reflects our strategic focus on innovation and growth. The prudent management of IPO funds ensures that we are well-positioned to achieve our development objectives and reinforce our commitment to delivering cutting-edge cybersecurity solutions to our global clientele.”
About TAC Infosec Limited (NSE: TAC) TAC Infosec Limited is a globally recognized cybersecurity company specializing in vulnerability management. The company’s flagship product, ESOF (Enterprise Security in One Framework), stands out for its comprehensive cyber scoring, risk quantification, and advanced AI-driven vulnerability assessments. With certifications like CREST, PCI ASV, and ISO 27001, TAC Infosec collaborates with leading tech giants such as Google, Microsoft, and Meta for ADA’s CASA (Cloud Application Security Assessment).
