Top News

Shares of NSE Emerged-listed TAC Infosec started trading ex-bonus today and hit the upper circuit at INR 788.7 apiece. At the upper circuit, the company’s market capitalisation stood at INR 1,653.05 Cr (about $188 Mn).

TAC Infosec recently announced a 1:1 bonus share issue. The board approved the move following shareholders’ approval at the company’s AGM on September 30.

The record date for determining the eligible shareholders was set as October 15 and the bonus shares began trading today.

Notably, today was the second consecutive session when TAC Infosec’s shares hit the upper circuit. The stock surged yesterday as well after the company declared its financial numbers for H1 FY26.

TAC Infosec reported a 138% YoY and 88% QoQ surge in its net profit to INR 15.6 Cr in H1 FY26. Operating revenue jumped 137% YoY and 63% QoQ to INR 29.5 Cr during the same period.

The cybersecurity SaaS solutions provider got listed on the NSE SME platform on April 5, 2024, making its debut at INR 290 apiece, a premium of 173.6% to the issue price. The company had raised INR 29.9 Cr through a fresh issue of 28.3 lakh equity shares.

Founded in 2016 by Trishneet Arora, TAC Infosec offers risk-based vulnerability management and assessment solutions, along with other SaaS-based cybersecurity tools for enterprises and small businesses.

The company claims to serve over 3,000 clients across 100 countries, including Google, DBS, Berkeley Research Group, Nissan Motors, FAO of the United Nations, Salesforce, Zepto, Dropbox, BlackBerry, Xerox, FUJIFILM, CASIO, Juspay, among others. It is targeting to have 10,000 clients by 2026.

Earlier this year, TAC Infosec acquired a 60% stake in Europe-based Web3 security firm CyberScope Europe for $13.5 Mn. Prior to that, it bought US-based Cyber Sandia IT & Cyber-Security Services LLC in August 2024 in a $25,000 deal.

The post TAC Infosec Shares Start Trading Ex-Bonus, Surge 5% After H1 PAT Doubles appeared first on Inc42 Media.