Silverline Technologies Grants In-Principle Approval for ₹80 Crore Strategic Investment from Trueledger Technologies FZE

Silverline Technologies Limited today announced that its Board has granted in-principle approval to explore a strategic investment of up to ₹80 crore from Trueledger Technologies FZE, representing up to a 20% equity participation, subject to regulatory and shareholder approvals.

Board Approves In-Principle Investment Proposal

According to the company’s regulatory filing dated 18 February 2026, the Board meeting was convened at 10:30 AM and concluded at 11:00 AM at its registered office in Thane, Maharashtra. The meeting was held pursuant to prior intimation dated 13 February 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board considered a non-binding Letter of Intent received from Trueledger Technologies FZE and approved, in principle, a potential strategic investment of up to ₹80 crore. The proposed transaction would translate into up to 20% equity participation in Silverline Technologies Limited.

The company noted that the proposal remains subject to regulatory compliance, valuation support, shareholder approval where required, and execution of definitive agreements. No binding agreement has been executed as on date.

Valuation Framework and Fund-Raising Structure

The Board took note of management’s proposal reflecting an indicative post-money valuation of approximately ₹400 crore. The valuation is based on forward-looking business projections and growth initiatives, particularly linked to the company’s AI-led strategy, as per the filing.

To support the pricing framework, the Board resolved to appoint an independent SEBI-registered Registered Valuer in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations. The valuer will assess and validate the proposed valuation and regulatory pricing mechanism.

In principle, the Board also approved raising funds through the issuance of equity shares and/or other permissible convertible securities on a preferential basis, in line with the Companies Act, 2013 and applicable SEBI ICDR provisions. The final structure will be determined following valuation, pricing determination and transaction documentation.

Additionally, management has been authorised to negotiate and execute a detailed non-binding term sheet with Trueledger Technologies FZE, capturing commercial terms, governance principles and transaction conditions precedent. The company has initiated financial, legal and technical due diligence and constituted an internal execution committee comprising senior management and advisors to oversee the process.

Company Background

Silverline Technologies Limited is an India-based technology company engaged in digital transformation services. The company has been positioning its business strategy around artificial intelligence-led solutions, as referenced in the filing.

The proposed investment, if completed, may strengthen its capital base and support expansion initiatives aligned with its stated AI-led growth strategy. However, completion remains contingent on statutory approvals, valuation confirmation and definitive documentation.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive///154a2bd9-6928-4e2d-a3fd-af87c12ddd65.pdf