https://nsearchives.nseindia.com/corporate/Result_F_06112024151442.pdf
Mumbai, INDIA – November 06, 2024 – TAC Infosec Limited (NSE: TAC, ISIN: INE0SOY01013), a leader in the global cybersecurity sector, has announced the submission of its unaudited standalone and consolidated financial results for the half-year ended September 30, 2024, along with a detailed report on the utilization of IPO funds. This submission demonstrates the company’s ongoing commitment to transparency and regulatory compliance.
Key Highlights of Financial Results:
- Total Income: Consolidated total income stood at Rs. 1,315.81 lakhs for H1 FY24-25, compared to Rs. 682.75 lakhs in the previous period ending March 31, 2024.
- Net Profit: The consolidated net profit for H1 FY24-25 reached Rs. 652.76 lakhs, a significant increase from Rs. 440.12 lakhs in the previous year-end.
- Earnings Per Share (EPS): Basic and diluted EPS for the period was Rs. 6.23.
Statement on IPO Fund Utilization: The company has also submitted a revised statement on the utilization of funds raised through its Initial Public Offering (IPO), initially held in April 2024. This revision clarifies minor discrepancies in public issue-related expenses:
- Corrected Public Issue Expenses: Unutilized amount updated to Rs. 0.18 crores, with Rs. 3.72 crores utilized.
- Investment in Human Resources and Product Development: Rs. 18.65 crores remain in fixed deposits.
- General Corporate Purposes: Rs. 7.44 crores, unutilized.
Auditor Certification: A certificate from M/s. Maharishi & Co., Chartered Accountants, validates the utilization of IPO proceeds based on supporting documents, including the final prospectus, bank statements, and expenditure ledger.
CEO’s Statement: Trishneet Arora, Chairman, Executive Director, and CEO of TAC Infosec Limited, stated, “Our latest submission reaffirms our dedication to transparent financial practices and accurate reporting. We continuously strive to meet the highest standards of corporate governance for the benefit of our stakeholders.”
About TAC Infosec Limited TAC Infosec Limited, previously known as TAC Infosec Private Limited, is a leading cybersecurity firm listed on the NSE Emerge platform. Renowned for its innovative solutions in vulnerability management and risk assessment, TAC Infosec serves a diverse clientele, including Fortune 500 companies, start-ups, and government agencies across the globe.
