Sahana Systems Shares Surge on Defence Contract Rumours
Shares of Sahana Systems Limited, a lesser-known Indian defence and IT company, surged nearly 4 percent after rumours of a defence contract. The company has a market capitalisation of Rs. 910 crores and closed at Rs. 1,030 on the Bombay Stock Exchange, up around 3 percent.
The alleged contract involves upgrading radio frequency (RF) and non-RF infrastructure to enhance India's defence communication and testing capabilities. The project is part of broader advanced technical modernisation efforts and is scheduled for completion by April 2026. Deliveries are set to commence after 7th October 2025, with full payment expected within 30 days from acceptance of items.
However, no official announcements or details have been found on Sahana Systems' official website, public news sources, or government portals. The company is not widely recognised in the Indian defence or IT sector, and the name of a specific CEO or negotiator for this transaction has not been identified. It is possible that negotiations are confidential, especially concerning security-sensitive topics.
While Sahana Systems' shares have reacted positively to the rumours, the company has not officially confirmed the defence contract. Investors and stakeholders await official announcements for clarity. Meanwhile, Softvan Limited, a subsidiary of Sahana Systems, has secured a Rs. 7.74 crore Indian Navy contract via GeM, indicating the company's involvement in defence projects.
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