Corporate actions
The company’s board has approved a bonus issue in the ratio of 1:1, meaning shareholders will receive one additional equity share for every share held. The board has also approved a stock split in the ratio of 1:5. Under the proposal, one equity share with a face value of Rs.10 will be split into five equity shares of Rs.2 each.
This marks the first time Silver Touch Technologies has announced both a bonus issue and a stock split for its shareholders. The company said the record date for both corporate actions will be announced at a later stage.
Strong rally continues
The stock has been on a sharp upward trajectory, gaining 80% over the past 14 trading sessions. During this period, Silver Touch Technologies secured a mandate from the Indian armed forces, a development that supported positive sentiment around the stock.
The recent rally has also lifted the company’s market capitalisation beyond Rs.2,000 crore, underlining increased investor interest in the IT services firm.
On Friday, shares were trading around Rs.1,591, up about 4% following the announcement. Over the past 12 months, the stock has delivered returns of 140%. The stock is currently placed under Stage 1 of the long-term Additional Surveillance Measure framework.
Company background
Founded in 1995 and headquartered in Ahmedabad, Silver Touch Technologies Ltd is an Indian IT services company with operations in the UK, the USA and France. The company operates across digital transformation, enterprise technology solutions, cloud computing, cybersecurity and emerging technologies, and is also involved in India’s e-governance initiatives.
The recent defence-related mandate has added to optimism around the company’s growth outlook, contributing to the sharp rise in its share price.
Silver Touch posted a strong September 2025 quarter, with income rising to Rs.85.52 crore from Rs.63.20 crore in the previous quarter. Net profit increased to Rs.7.46 crore from Rs.4.04 crore, while EBITDA climbed to Rs.13.80 crore from Rs.9.07 crore.