Seshaasai Technologies Ltd

Seshaasai Technologies will hold a meeting of the Board of Directors of the Company on 29 January 2026.Powered by Capital Market - Live

The contract, which has been awarded to Seshaasai among other successful bidders, is for a three year period from December 2025 to December 2028. The company's revenues under this engagement will accrue in line with actual allocations and volumes executed. This development marks a continuation of Seshaasai's long-standing relationship with the bank, with the company having consistently supplied cards and related services since 2020. The new contract also entails enhanced business, with higher card volumes compared to the previous cycles and expansion in scope, as the bank introduces new-age and premium payment solutions, including metal cards, biometric cards, dynamic CVV cards, and non-card wearable form factors, aimed at enhancing customer experience, security, and product differentiation. Pragnyat Lalwani, managing director, Seshaasai Technologies, said: 'We are pleased to continue our long standing-association with one of the country's large public sector banks through this contract. The growth projected by the bank and inclusion of innovative and advanced payment form factors reflects the evolving needs of the banking ecosystem, and we remain committed to supporting our customers with secure, scalable and future-ready solutions as their portfolios continue to grow.' Seshaasai Technologies is a technology-led, multi-location solutions provider with a strong focus on the banking, financial services, and insurance (BFSI) sector. The company specializes in secure payment solutions, omnichannel communication, and fulfilment services, offering innovative, scalable technologies tailored to the evolving needs of its clients. The scrip shed 0.22% to currently trade at Rs 273.75 on the BSE. Powered by Capital Market - Live

Seshaasai Technologies has won a contract with a leading Public Sector Bank through a competitive tender floated by the bank for the procurement, processing, and personalization of debit cards and associated services. The contract, which has been awarded to Seshaasai among other successful bidders is for a three year period from December 2025 to December 2028. The Company's revenues under this engagement will accrue in line with actual allocations and volumes executed. This development marks a continuation of Seshaasai's long-standing relationship with the bank, with the Company having consistently supplied cards and related services since 2020. The new contract also entails enhanced business, with higher card volumes compared to the previous cycles and expansion in scope, as the bank introduces new-age and premium payment solutions, including metal cards, biometric cards, dynamic CVV cards, and non-card wearable form factors, aimed at enhancing customer experience, security, and product differentiation.Powered by Capital Market - Live

Net profit of Seshaasai Technologies declined 11.54% to Rs 57.64 crore in the quarter ended September 2025 as against Rs 65.16 crore during the previous quarter ended September 2024. Sales declined 10.83% to Rs 352.34 crore in the quarter ended September 2025 as against Rs 395.15 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales352.34395.15 -11 OPM %26.6926.40 - PBDT87.6298.06 -11 PBT76.0087.25 -13 NP57.6465.16 -12 Powered by Capital Market - Live

Seshaasai Technologies will hold a meeting of the Board of Directors of the Company on 11 November 2025.Powered by Capital Market - Live

Seshaasai Technologies will hold a meeting of the Board of Directors of the Company on 16 October 2025.Powered by Capital Market - Live

The scrip was listed at Rs 436, exhibiting a premium of 3.07% to the issue price. So far, the stock has hit a high of Rs 436.95 and a low of Rs 405.80. On the BSE, over 5.94 lakh shares of the company were traded in the counter so far. The initial public offer of Seshaasai Technologies received bids for 93,79,90,515 shares as against 1,37,67,095 shares on offer. The issue was subscribed 68.13 times. The issue opened for bidding on 23 September 2025 and it closed on 25 September 2025. The price band of the IPO was fixed between Rs 402 and 423 per share. The initial public offer (IPO) consists of fresh issue to raise Rs 480 crore through issuance of 1.20 crore equity shares at the lower band of Rs 402 per share (face value Rs 10 per share) and 1.14 crore equity shares at the upper band of Rs 423 per share. The IPO also comprised of offer for sales (OFS) of 0.79 crore equity shares to raise Rs 317-333 crore. The promoters, Pragnyat Pravin Lalwani and Gautam Sampatraj Jain, are selling 0.394 crore equity shares each through OFS. The company proposes to utilize Rs 197.91 crore towards procurement and installation of equipment in existing units at (i) Navi Mumbai, Maharashtra, (ii) Okhla, New Delhi, (iii) Nagpur, Maharashtra, (iv) Kundli, Haryana; and (v) Bengaluru, Karnataka, to upgrade and expand the capacity of manufacturing of products in the Payments Solutions and IOT Solutions verticals. The company intends to utilize Rs 300 crore for prepayment of certain outstanding borrowings of the company. Of the pre-IPO placement of Rs 120 crore, the company has utilized Rs 70 crore in August 2025 and further it proposes to utilize Rs 230 crore from IPO proceeds for repayment of debts. Seshaasai Technologies (STL), incorporated in 1993, is a technology driven multi-location solutions provider specializing in payments solutions and communications and fulfilment solutions. The company caters primarily to the banking, financial services and insurance (BFSI) industry, playing a crucial role in enabling their operations and deliverables. STL also offer Internet of Things (IoT) solutions to a diverse set of customers across industries. STL offers a range of payment-enabling instruments such as debit cards, credit cards, pre-paid cards, mass transit cards and cheques. The company develops merchant QR codes to enable digital payment transition onto the Unified Payment Interface (UPI) at the point of sale. It has recently also incorporated near field communication (NFC) technology on merchant QR codes to enable tap and pay. Ahead of the IPO, Seshaasai Technologies on 22 September 2025, raised Rs 243.32 crore from anchor investors. The board allotted 57.52 lakh shares at Rs 423 each to 17 anchor investors. The firm reported a consolidated net profit of Rs 222.32 crore and income from operations of Rs 1,463.15 crore for the twelve months ended on 31st March 2025.Powered by Capital Market - Live

The equity shares of Seshaasai Technologies (Scrip Code: 544533) are listed effective 30 September 2025 and admitted to dealings on the Exchange in the list of ''MT'' Group Securities. At 09:24 IST, the pre-open indicative price of the stock was at a discount of 0.71% to offer price of Rs 423. Powered by Capital Market - Live