𝐒𝐚𝐡𝐚𝐧𝐚 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐋𝐭𝐝 Deep-Tech Systems Integrator, Defense Specialist & “Vision 5000” Aspirant Sahana Systems is a high-growth deep-tech IT solutions provider focused on AI/ML, IoT, Blockchain, and Master System Integration, with a rapidly scaling presence in Defense, Ports, and Smart Infrastructure The company is led by Pratik Ramjibhai Kakadia (CMD), a founder-entrepreneur holding ~57.3% promoter stake, who has successfully transformed Sahana from a regional IT services firm into a CMMI Level-5 certified digital engineering company with strong government and enterprise credentials Institutional footprint remains nascent (FIIs ~0.19% as of Dec 2025), but the stock has increasingly attracted high-conviction HNIs following its successful 2023 SME IPO and subsequent mainboard migration, supported by sharp earnings momentum and expanding strategic relevance Breakout performance: In H1 FY26, Sahana reported 88% YoY revenue growth (₹90.6 Cr) and a 101% surge in PAT, driven by large government-led digital transformation projects, defense-linked system upgrades, and port digitalization wins Strategic moat creation: The Softvan Group acquisition (2023) marked a structural upgrade in Sahana’s capabilities, adding niche expertise in Electronic Warfare, RF systems, and Big Data analytics, positioning the company in mission-critical, high-entry-barrier domains Key business characteristics: • Multi-Vertical Digital Engineering Platform: Operates as a Digital Product Engineering and MSI partner across FinTech, EdTech, HealthTech, Defense, Ports, and Smart Infrastructure, with strong in-house capabilities in AI, ML, IoT, Blockchain, and large-scale system integration • High-Margin Defense Pivot: Subsidiary Softvan secured a landmark ₹7.74 Cr contract from the Indian Navy (Oct 2025) for RF measurement system upgrades, marking Sahana’s entry into sensitive, mission-critical defense electronics and creating a strong reference base • Smart Port Digitalization Leader: Executing advanced “Digital Twin” solutions for Tuticorin Port and secured ~₹30 Cr of cumulative orders across ports and shipping clients (Jan 2026), aligning with India’s port modernization and logistics digitization push • EV Infrastructure Optionality: Entered EV charging infrastructure deployment in Andhra Pradesh, leveraging its proprietary CMS platform to generate recurring software and O&M revenues beyond one-time installation income • Aggressive Growth Blueprint – Vision 5000: Management has articulated a clear long-term roadmap to scale Sahana into a ₹5,000 Cr enterprise within 7 years, with FY26 revenue guidance of ~₹210 Cr, implying sustained multi-year execution momentum • Superior Capital Efficiency: Maintains best-in-class profitability metrics with ROCE of ~42.1% and ROE of ~30.5% (as of Feb 2026), reflecting asset-light operations, operating leverage, and disciplined capital deployment • International Expansion: Actively executing projects and building delivery capabilities across the US, Canada, Saudi Arabia, and the Middle East, with management targeting ~40% revenue contribution from overseas enterprise and government clients Sahana Systems represents a rare listed deep-tech defense-linked digital engineering play, combining structural tailwinds from government digitization, defense indigenization, and smart infrastructure, backed by strong execution metrics, founder-led vision, and scalable global ambitions.

The collaboration aims to leverage BEL’s extensive experience in system integration and programme execution, together with Softvan Limited's capabilities in Digital Product Engineering, EW&A, Cyber Security & other related areas.

The MoU was signed by Mr Prahalad PS, GM (Civilian Marketing), BEL, and Mr Pratik Kakadia, Managing Director, Softvan Limited, in the presence of Mr Manoj Jain, CMD, BEL, at New Delhi.

BEL has signed an MoU with Softvan Limited, a subsidiary of SAHANA System, to co-operate in diverse areas involving cutting-edge technologies. @DefProdnIndia

#SME #Sahana #SahanaSystems Sahana Systems H1 FY26 Concall Highlights: 👉FY 2026 & Future Outlook : ▫️FY26 expected revenues ~210-220cr on conservative basis 💠~₹20cr closed in exports, ₹16-17cr collected, with recurrent revenue. 60% revenue from government, 40% enterprise (30% overseas) 💠Long-term target: Targeting ₹350cr in FY27 and ₹500cr in FY28 💠Opportunity lies across segments like defense (₹1,000-2,000cr), marine system integration (₹500-600cr), and government IT services (₹1,000cr) ▫️EBITDA margin: Expected to remain in the ~33% range seen in H1 💠PAT margin: Projected to increase slightly from H1, with overall PAT margins expected to rise modestly over the next three years due to higher-margin projects in defense and system integration ▫️Investor Engagement: Commitment to increase earnings call frequency (quarterly from FY27 probably near to migration) 👉Projects and pipeline: ▫️Indian Navy: Upgrading RF testing and chip point-of-contact design facility at Jamnagar (falls under electronic warfare) 💠Dredging Corporation of India: IoT and AI upgrades for vintage dredgers (marquee marine/shipping customer) 💠IPRCL (for Tuticorin Port): Large-scale digital twin project for operational efficiency, cargo handling, vessel traffic management, computer vision, and generative AI automation 💠Ministry of Information and Broadcasting: Samvad media monitoring tool for 58 cabinet ministries, PMO, and PIB (covers print, digital, and social media; daily reports by 7:45-8:00 AM). ▫️Revenue mix: Sahana standalone (76% from existing customers, 24% new); Softvan (defense/deep tech; 65% existing, 35% new); SourceVed (12-15% new customer growth) ▫️Order Book: Confirmation for next 1-1.5 years' revenue execution; vendor status in tenders with >80% win probability; MOUs with Defence PSUs and central PSUs for recurring revenue ▫️Future Pipeline: Gestation period of 3-4 years for government projects; current work positions the company for FY27-28 revenue 💠Includes couple of ₹1,000cr-scale projects (shortlisted among few vendors) 💠Patents: 12 applied last year, 6 under positive process, 2 awarded (enabling product resale in system integration) 👉 Others : ▫️Business Diversification and Expansion: Focus on defense (anti-drone, radar, electronic warfare), fintech (UPI platforms, core/digital banking), edutech (AR/VR, smart/virtual classrooms), healthtech (HIMS, AI diagnostics), and port/marine (IoT integration, predictive analytics, digital twins) 💠Entering EV charging in Andhra Pradesh via OEM tie-up for manufacturing, IoT/embedded enhancements, and CMS 💠Revenue model is revenue-share (recurring but not high-margin; includes cybersecurity R&D for stations) 💠No strong seasonality, but H2 can be bulkier due to government budget exhaustion and mobilization advances 💠Opportunities in Southeast Asia (e.g.,Thai Government meetings), Africa, and Latin America for fintech/defense/deep tech ▫️Operational and Strategic Updates: Asset-light model; DPIIT-recognized startup with certifications. Strengthening leadership/R&D via hiring (first-, second-, and third-level roles) 💠No formal decision on separate listing of Sahana Defense (subsidiary) ▫️Cash Flow and Funding: Negative cash flow tied to working capital in service-driven projects; mitigated by milestone-based government tenders 💠Potential for OD/CC facilities or equity/debt if large projects accelerate ▫️Risks: Strategic challenges from early large-order wins requiring cash flow scaling, but management views projections as conservative with execution exceeding

🛠️ Order Wins – Oct 8, 2025 🔹#HFCL secures USD 34.19 Mn (~₹303.35 Cr) export order for optical fiber cables; delivery by Apr’26. 🔹#CentumElectron MoU with #GRSE to co-develop advanced naval navigation systems. 🔹#SahanaSystems (Softvan) wins ₹7.74 Cr Indian Navy RF/non-RF infra contract. 🔹#SolarIndustries bags ₹483 Cr SECL bulk explosives order (2 yrs). 🔹#GRInfraproject receives ₹290.23 Cr LOA for 26.67 km Giridih Bypass EPC project. 🔹#PIGL wins ₹68.22 Cr turnkey order from AVVNL for 11kV feeder segregation. 🔹#TECHD bags ₹1.37 Cr one-year Threat & Vulnerability services contract from large Indian conglomerate. 📲 For real-time WhatsApp alerts → finq.in

**SME News Bulletin 2025-10-08** [Bonus Issue Approval] #DIGIKORE - Digikore Studios Receives NSE Approval for 1:1 Bonus Issue [Business Expansion] #GICL - Globe International Carriers Limited expands into new line(s) of business [Contract Wins] #SAHANA - Sahana System's Softvan Limited Secures INR 7.74 Crores Contract from Indian Navy #SAHANA - Sahana System's Subsidiary Softvan Wins Rs. 7.74 Crores Defence Contract [New Orders/Contracts] #PARIN - Parin Enterprises Limited Secures New Orders/Contracts [Business Update] #WINSOL - Winsol Engineers Limited reports business update and performance highlights for H1 FY 2025-26 [Investor Meet Outcome] #KCEIL - Kay Cee Energy & Infra Limited discloses outcome of investor meet on October 8, 2025 [Work Order Received] #AILIMITED - Abhishek Integrations Limited Receives ₹282.40 Lakhs Work Order for VSS Airport Maintenance [Equity Shares Issuance] #ROCKINGDCE - RockingDeals to Issue Equity Shares on Rights Basis at $160 Per Share

TOP ANNOUNCEMENTS FOR THE DAY!! #SolarIndustries: The company has secured an order worth Rs 483 crore for the supply of bulk explosives to SECL, a subsidiary company of Coal India. #GRSE: The company has signed an MOU with M/s Centum Electronics Limited for a high-tech Navigation System for high-reliability applications in Defence, Aerospace, Industrial, and Healthcare sectors. #Pacedigitek: The company has secured an order worth Rs 185.87 crore for operations and maintenance from Tata Teleservices. #PowerInstrument: The company has received a work order worth ₹68.22 crore from Ajmer Vidyut Vitran Nigam Ltd for the supply, installation, testing, and commissioning of distribution infrastructure to segregate 11 KV mixed feeders in Dungarpur Circle, Rajasthan, under the RDSS scheme. #Cromptongreaves: The company has received an order of Rs. 51.59 crore for the supply of Solar rooftop systems, which include inverters, AC Distribution Boxes, DC Distribution Boxes, and Solar Modules, in the state of Telangana. #Sahanasystem: The company's wholly owned subsidiary, Softvan Limited, has been awarded a major contract worth Rs. 7.74 crores by the Indian Navy, Ministry of Defence. #Techknowgreensolutions: The company has been awarded a work order amounting to Rs 1.04 crore from Cipla Ltd.

📌 Announcements – October 8 (from finq.in) 🛠️ Order Wins 🔹#CentumElectron MoU with #GRSE to co-develop advanced naval navigation systems. 🔹#SolarIndustries INR 483 Cr SECL bulk explosives supply order (2 yrs). 🔹#GRInfraproject LOA: 26.672 km Giridih Bypass EPC project, INR 290.23 Cr. 🔹#SahanaSystems Subsidiary Softvan wins Rs7.74 Cr Indian Navy RF/non-RF contract. 🔹#PIGL Rs68.22 Cr turnkey order from AVVNL for 11kV feeder segregation. 💰 Fundraises, Rights Issues & QIPs 🔹#BasilicFlyStudio Raised ₹84.99 Cr via QIP; secured ₹150 Cr orders. 🔹#UtkarshSmallF Board approved rights issue ₹949.08 Cr (67.79 Cr shares at ₹14). 🔹#DelphiWorld Rights issue ₹99.76 Cr (52.23 lakh shares at ₹191). 🏗️ Acquisitions & Management Changes 🔹#IRBInfra Devl Board approves preferential subscription: 11.97 Cr IRB InvIT units, Rs753.48 Cr. 🔹#PopularVehicles Board approves acquisition of R.K.S. Motor via slump sale ≤ Rs93 Cr. 🔹#AnantRaj QIP opened up to 5% stake; floor price ₹695.83/share. ⚡ Credit Ratings & Regulatory Updates 🔹#AsahiIndiaGlas CRISIL upgraded bank-facility ratings to AA-/Stable, A1 . 🔹#MarksansPharma CARE upgraded long-term facilities to CARE AA-, Stable; short-term A1 reaffirmed. 🔹#AAVAS Financiers CARE reaffirmed CARE AA; outlook Positive; bank facilities ₹10,262 Cr, NCDs ₹1,339.11 Cr. (for real-time WhatsApp alerts 👉finq.in)

#OrdersUpdate ⚡ ✅ #PIGL Rs.68.22 Cr turnkey order from AVVNL for 11kV feeder segregation, 15-month execution ✅ #SahanaSystems Subsidiary Softvan wins Rs.7.74 Cr Indian Navy RF/non-RF infra contract, delivery by Apr 2026 ✅ #BASILIC Raises ₹84.99 Cr QIP; secures ₹150Cr orders incl ₹29.71 Cr Netflix; expansion & senior hire (for real-time WhatsApp alerts 👉finq.in)

SAHANA SYSTEM: CONTRACT WIN • Subsidiary Softvan Ltd secures ₹7.74 Cr contract from the Indian Navy 💰 • Contract (GEMC-511687785659550) for non-RF infrastructure of the RF Measurement System • Installation to take place at INS Valsura, Jamnagar (Gujarat) ⚓ #SahanaSystem #Softvan #IndianNavy #DefenceContract #MakeInIndia #DefenceTech #ContractWin

📌 Sahana System Limited informed the exchange about its Subsidiary Company i.e. Softvan Limited receiving Contract No: GEMC-511687785659550 valued at Rs. 7.74 Crores from Indian Navy, Department of Military Affairs, Ministry of Defence, Office Zone: OIC Naval EMC Unit Jamnagar, for Non-RF Infrastructure for upgradation of RF Measurement System to be installed at INS Valsura, Jamnagar, Gujarat. Delivery will start after 7th October, 2025 and be completed by 5th April, 2026. #SME #SAHANA 🚢⚓

SAHANA SYSTEMS: SUBSIDIARY SOFTVAN WINS ₹16.42 CR RAILTEL CONTRACT FOR AI-POWERED SOLUTIONS Order covers deployment of dredger software, GPU servers, CCTV, VSAT connectivity, ICCC systems, and high-capacity storage. Project marks entry into defense-grade surveillance and marine digital solutions. Contract will enhance RailTel’s offshore internet, connectivity, and command-and-control capabilities.

📌 Sahana System Limited informed the exchange about its Subisidary Company Softvan Limited receiving a Letter of Acceptance (LoA) from RailTel Corporation of India Limited for the supply, deployment and integration of cutting-edge hardware and software solutions, valued at ₹16.42 crores. Softvan will deliver and commission solutions aimed at providing seamless offshore internet and integrated command and control centre (ICCC) services for RailTel's end customer, including Dredger Software & GPU Servers for Dredging Vessels, CCTV Hardware and AI-powered Surveillance Systems, VSAT Hardware for Vessel Connectivity, Integrated Command & Control Centre (ICCC) Hardware and Software, High-capacity Storage Networks, Cables, and Switches. #SME #SAHANA 🚢💻

Sahana System's subsidiary Softvan Ltd wins Rs 8.01 crore contract from Indian Navy for RF measurement system upgrade.

Sahana System Limited Softvan Limited (Sahana's subsidiary) achieves L1 bidder status for Indian Navy GEM Contract valued at ₹8.01 Crores for upgradation of RF Measurement System. MCap: 1256.64 Cr. CMP: 1422 #SAHANA #Breaking #FlashStox #StockMarket

Networking Tuesdays: From Ideation to Acquisition! The 11th edition of Networking Tuesdays by IACC - Gujarat Branch was held today at Ahmedabad Management Association (AMA), featuring an insightful session on "From Ideation to Acquisition: An Entrepreneur's Journey of Growth & Transition." Our esteemed speaker, Shaishav Amitbhai Shah, shared his incredible journey of building and scaling Softvan from an idea to a successful acquisition. With deep expertise in product growth, market fit, and strategic exits, he provided real-world insights on navigating the startup landscape. The session was packed with practical takeaways for entrepreneurs looking to scale their ventures and understand the path to acquisition. Key Highlights: Lessons from ideation to market fit Strategies for scaling a startup Preparing for acquisition and strategic exits A big thank you to all attendees for making this session engaging and insightful! Stay tuned for our next edition of Networking Tuesdays – Connect, Learn, Grow! #NetworkingTuesdays #Entrepreneurship #StartupJourney #BusinessGrowth #ScalingStartups #StartupSuccess #MarketFit #StrategicExits #AcquisitionStrategy #Innovation #BusinessNetworking #StartupScaling #InvestorInsights #Leadership #EntrepreneurialMindset #GrowthStrategies #IndoUSBusiness #IACC #TechStartups #BusinessExpansion @ama_ahmedabad @swetakhandwala @JAYESHPARIKH007 @SwarnimTouch

improvement. The management team’s active involvement helps maintain relationships and attract new business through both direct and indirect channels. 🌟The company offers end-to-end IT solutions that support software applications and business operations throughout their lifecycle. This includes initial feasibility studies, estimation, proposal, negotiation, contract sign-off, deployment, technology understanding, design and development, quality assurance, user acceptance testing, and final delivery. Sahana Systems ensures client requirements are met through detailed knowledge transfer and thorough development processes. 🌟The marketing approach focuses on leveraging long-term relationships and providing high-quality services at competitive prices. Regular interaction with clients helps in refining services based on feedback, and the management team plays a crucial role in securing new business and maintaining client satisfaction. Sahana Systems provides comprehensive IT services that cover the entire business lifecycle, tailored to meet the needs of businesses at various stages of maturity. This approach helps in building strong client relationships and instilling confidence in the company’s ability to address diverse business requirements. 🌟The company holds various certifications and awards that assure customers of the quality and timeliness of its services and products. These credentials are crucial for engaging with international and government clients with strict requirements. 🌟The company operates across various business verticals, such as web and mobile application development, AI & ML, chatbot development, product prototyping, graphics and UI/UX design, SEO & ASO, digital marketing, website migration, cybersecurity, and hardware trading. 🌟Sahana Systems caters to multiple industries, including healthcare, surveillance, retail, education/e-learning, restaurants, banking, media & entertainment, and fintech. 🌟The company is recognized as a start-up by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry. Sahana Systems has been allotted 500 locations in Andhra Pradesh to set up electric vehicle (EV) charging points, positioning itself to benefit from the growing EV industry. 🌟Revenue was split between services (48%) and goods (52%), with a geographical split of 84% domestic and 6% from exports. 🌟The company has accepted loans and advances from Mr. Pratik Kakadia and M/s. Bartek Enterprise, which is considered non-compliant under the Companies Act. Technological advancements such as AI and cloud computing are transforming business processes and supply chains. AI adoption is growing in India, offering potential benefits across various sectors, including education, agriculture, and healthcare. 🌟India’s mobile application market is expanding rapidly, with a high volume of app installations. Key trends include mobile wallets and wearable technology applications, though challenges like app reliability and cybersecurity threats persist. 🌟The Russia-Ukraine conflict poses potential disruptions for Indian IT firms with delivery centers in Eastern Europe. Indian IT companies are considering relocating service delivery to India and adjusting their strategies to mitigate operational impacts and talent acquisition issues. 🌟Sahana Systems plans to expand its international presence, focusing on new service offerings enabled through technological innovation. The company aims to enhance operational effectiveness, enter the electric vehicle industry, and adapt to market trends. 🌟The company has acquired M/s. Softvan Private Limited and Softvan Labs Private Limited for INR 150 million, diversifying its service portfolio, enhancing technological expertise, and strengthening its position in the IT sector.

SME Bulletin - July, 08 2024 ★ Orders and Agreements 1 Shera Energy Ltd has secured its first export order to Africa, worth USD 87,000, for the supply of conductors to Zambia. This development marks a significant milestone in the company's expansion into African markets. With several infrastructure projects in Zambia and a strategic presence through its subsidiary, the company anticipates adding approximately ₹60 crores to its export business for the financial year 2024-25. Shera Energy is in continuous dialogue with electrical utilities to refurbish unserviceable transformers. #SHERA 2 G.P. Eco Solutions India Ltd has secured orders worth ₹24.58 crores from Synergy Wave System LLP for the engineering, procurement, and construction (EPC) of 2.52 MW and 4.00 MW solar power plants. These projects are expected to be completed by 31st March 2025. The orders were awarded by a domestic entity, and the company has confirmed there are no related party transactions involved. #GPECO ★ News / Events / Announcements 3 JFL Life Sciences Ltd launched 16 new products targeting the domestic market under the "Make In India" campaign, branded with the tagline "Just for Life." The product range includes tablets, capsules, gel, syrup, and injections, and was officially launched on July 7, 2024. #JFLLIFE 4 Innokaiz India Ltd has successfully launched its 8th retail electronics showroom under the I-SHOP brand in Thiruvallur. #INNOKAIZ 5 Fonebox Retail Ltd, currently operating 181 stores in Gujarat, is planning to open approximately 25 new retail stores in Maharashtra under the brand names "FONEBOX," "FONEBOOK," and "MY MOBILE." This expansion marks a significant milestone towards achieving the company's vision and aims to grow its customer base for smartphones and allied accessories. #FONEBOX 6 Owais Metal & Mineral Processing Ltd has been declared the Preferred Bidder for a Gold Mine Project in Rajasthan by the Directorate of Mines and Geology. Following this, the company deposited ₹100 crore on July 5, 2024, a day ahead of the deadline, as the first installment of the upfront payment required to facilitate the issuance of the Letter of Intent (LOI). The prompt payment underscores the company's commitment to advancing the project and contributing to India's gold production and economic growth. #OWAIS ★ Corporate Action 7 GM Polyplast Ltd, a leading manufacturer of HIPS, ABS, PET, PP, HDPE sheets, and premium quality granules, has approved a fund raise through a Follow-On Public Offer (FPO) up to ₹50 crore. Additionally, the board has approved the company's migration from the BSE SME to the main board of the BSE and NSE, pending member approval. #GMPL 8 Sahana System Ltd allotted 2,39,773 equity shares on a preferential basis. This includes 65,327 shares for non-cash consideration towards the acquisition of Softvan Private Ltd and Softvan Labs Private Ltd, valued at ₹5,38,29,448. Additionally, 1,74,446 shares were allotted for cash consideration amounting to ₹14,37,43,504. This issuance increases the company's equity paid-up capital from 79,96,493 to 82,36,266 shares. #SAHANA ★ Incorporation / Subsidiary / Acquisition 9 Ganesha Ecoverse Ltd, formerly known as SVP Housing Ltd, has entered into a share subscription agreement with GESL Spinners Pvt Ltd, valued at approximately ₹46.50 crore. The agreement involves acquiring 2,73,50,000 equity shares of GSPL at ₹17 per share, leading to a 45% shareholding in GSPL. This strategic investment aligns with Ganesha Ecoverse's main line of business and is intended for debt repayment, purchase of plant and machinery, and other general corporate purposes. GSPL, incorporated in 2022, manufactures spun yarn and sewing thread from recycled polyester staple fibre. The acquisition is expected to be completed within 3 to 4 months and will be conducted in cash. #GANVERSE ★ Transcript 10 Chatha Foods Ltd shared the audio recording of the conference call held on July 08, 2024, discussing the financial results for the half year and year ended March 31, 2024. The results were approved by the Board in the meeting held on May 28, 2024. #CHATHA ★ Price Movement Clarification - Delaplex Limited #DELAPLEX - Digikore Studios Limited #DIGIKORE - Yash Optics & Lens Limited #YASHOPTICS - Naman In-Store (India) Limited #NAMAN - Olatech Solutions Ltd #OLATECH

High ROE & ROCE multibagger stock: This tech powerhouse company makes a bold move by acquiring SOFTVAN for Rs 150 million to supercharge its tech portfolio! buff.ly/3EqIAWQ