Today on Tuesday, 10 March, 2026, the Company has received. matter of Composite Scheme of Arrangement between…
As filed · Demerger
M&AWatchMajormateriality 77 out of 100
What happened
FactToday on Tuesday, 10 March, 2026, the Company has received. matter of Composite Scheme of Arrangement between Protean Infosec Services Limited. (“Demerged Company”) and Protean eGov Technologies Limited (“Resulting Company”).
Why it matters
CapitSignal interpretationA demerger splits the company into separately listed pieces, so holders end up owning two exposures instead of one blended one.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
RevisedEarlierQ2 FY26
I'm glad to share that Protean has delivered a resilient performance in Q2FY26, with 19% QoQ and 14% YoY growth in revenue.
NowQ2 FY26
The new businesses have contributed 12% of total revenue in H1FY26 as compared to 4% in FY25.
Change
FactTarget revision
Implication
CapitSignal interpretationThe earlier statement highlights a 19% QoQ and 14% YoY growth in revenue, while the current statement indicates a significant change in the contribution of new businesses to total revenue, suggesting a material shift in revenue dynamics.confidence 90%
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Fact- Entitlement ratio
- Which assets and debt go to each entity
- Record date and expected listing
- I think once the ASK project is fully operational, we would have more revenue, with which the run rate can go (management committed by H1 FY27)
- With the ASK revenue comes into play after a couple of quarters on a full-scale basis, we will have addition o (management committed by H1 FY27)
Evidence
- Protean eGov Technologies Limited has informed the Exchange about Demerger between Protean Infosec Services Limited ( Demerged Company ) and Protean eGov Technologies Limited ( Resulting Company ) and their respective shareholders and Creditors.(opens the original filing in a new tab)
- Earlier statement · Q2 FY26
- Latest statement · Q2 FY26
- Earlier statement · Q1 FY26
How CapitSignal classified this
- Reasoning:
- DEMERGER base 72; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%