Globesecure Rights Issue: 6.83M Equity Shares Trading Approval

1) Kody Technolab Limited

• Business Overview -Incorporated in 2017, Kody Technolab Limited is a full-stack development company specializing in providing custom software solutions across various industries. The company focuses on innovation and customer satisfaction by delivering cutting-edge digital solutions tailored to meet the unique needs of businesses undergoing digital transformation.
• Recent Filings – Kody Technolab Limited announced in a recent board meeting held on August 21, 2024, the allotment of 696,000 convertible warrants.
• Revenue Breakup –
• Kody Technolab is strategically positioned to lead in the evolving digital landscape, leveraging its expertise in AI, generative AI, robotics, and app development. The company plans to capitalize on opportunities in sectors like manufacturing, healthcare, and logistics by offering scalable and efficient solutions. With India’s expanding digital infrastructure, Kody Technolab is well-equipped to support businesses in their digital transformation journeys.
• Looking ahead, the company remains confident in its ability to drive transformation and deliver value across industries. Kody Technolab is committed to staying ahead of rapid technological changes through continuous innovation and R&D investment. Additionally, the company prioritizes robust cybersecurity measures and talent acquisition to ensure sustained growth and competitiveness.
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2) Globesecure Technologies Limited

• Business Overview – Globesecure Technologies Limited (GSTL), incorporated in 2016, specializes in IT security products and related services, focusing on digital transformation and cyber security. The company has successfully executed various cybersecurity transformation and infrastructure projects for diverse institutions.GSTL offers a range of independent services, including consultation, architecture, solution design, implementation, monitoring, and managed services. As a prominent systems and technology integrator, Globesecure Technologies Limited provides expertise in networking, security, performance, acceleration, monitoring, application delivery control, and storage systems.
• Recent Filings – Globesecure Technologies Limited has received trading approval for its rights issue, which involves the issuance of 6,831,000 fully paid-up equity shares.
• Recent Updates –
• Received a purchase order from FINO Payments Bank Limited for enhanced payment support over a period of 1-2 years. Further details regarding this order are included in accordance with the applicable regulations.
• Received a purchase order from Yes Bank Limited for the renewal of Nexus Smart ID Digital Access Support and Maintenance (Enterprise 24/7) for FY 2024-25. Further details related to this order are provided in compliance with the applicable regulations.
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3) Avantel Limited

• Business Overview – Avantel Limited is engaged in the business of designing, developing and maintaining wireless and satellite communication products, defence electronics, radar systems and development of network management software applications for its customers majorly from the aerospace and defense sectors.
• Recent Filings – In Dec ‘2023, Company announced that it had received a Provisional Purchase Order worth INR 67.9 Cr from New Space India Limited. New Space India Limited has now accepted the prototype terminals (Xponders), issued the bulk production clearance, and the provisional purchase order has now been converted into a final purchase order. Delivery needs to be executed by April ‘25.
• Recent Outlook –
• Company is expected to capitalize on India’s increasing defense expenditure. The company has ongoing and upcoming projects with entities like DRDO, ISRO, and Bharat Electronics Limited (BEL), supporting strategic defense communication needs.
• The company has secured contracts for delivering advanced communication systems for naval platforms, including submarines.
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