Satin Technologies Limited (STL), a wholly owned subsidiary of Satin Creditcare Network Limited (SATIN), has signed a Share Subscription-Cum-Shareholders Agreement to acquire up to 76.40% equity shares of QTrino Labs Private Limited (QTrino). The acquisition will take place in one or more tranches.

QTrino is a deep-tech cybersecurity company focused on developing cost-effective, cutting-edge, quantum-safe security solutions for businesses and governments. The company, incorporated on August 09, 2023, is based in India and has reported nil turnover for the last three financial years (2022-23, 2023-24, and 2024-25).

The acquisition is structured as a cash consideration. STL will invest up to ₹23,85,96,000 (Twenty-Three Crore Eighty-Five Lakh Ninety-Six Thousand) for its 76.40% stake. Additionally, Anushna Estates Private Limited (AEPL), a group entity, will acquire a 3.60% stake for up to ₹1,12,56,600 (One Crore Twelve Lakh Fifty-Six Thousand Six Hundred). Both stakes will be acquired on an arm's length basis.

This acquisition is expected to enable STL to expand its business, strengthen SATIN's overall market position, and contribute to long-term shareholder value. The acquisition is anticipated to be completed within an indicative time period of 1 to 4 years. This transaction does not fall within related party transactions, and no promoter or promoter group entities have interests beyond what is stated.