Trueledger Technologies FZE expresses preliminary interest in possible strategic investment of up to a 20% stake in Silverline Technologies

Silverline Technologies Ltd (BSE - 500389) a global technology consulting, software and digital transformation solutions provider has received the non-binding Letter of Intent (LOI) from Trueledger Technologies FZE, a UAE based technology research and holding company expressing the interest in exploring potential strategic investment up to 20 per cent stake in the Company.

The proposed investment is intended to gain strategic exposure to artificial intelligence-led initiatives and newly launched technology platforms of Silverline. The Company believes that this interest reflects increasing faith in the Company's AI driven strategy and long term growth road map.

Here are some highlights of the development:

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• Company has on boarded 4,000 plus registered Users in a week for recently launched 'SilverAI'; Annual revenue potential estimates at Rs. 430-450 crore
• Silver AI Platform predicts it to reach 5 lakh subscriptions in 45 days. To make Pro Subscription fee more attractive to USD 9 per user per month to promote mass adoption
• The Company had done a speedy five-phase rollout in 30 days, evidence of good speed to market and depth of engineering
• Even at 10 per cent conversion, annual revenue potential is estimated at around Rs. 43 crore and at 20 per cent conversion it is estimated to be at around Rs. 86 crore
• India's AI chatbot market growth rate is high and will reach $26.4 billion in 2031
• Company has successfully settled Rs. 26 crore deal with Apex Urban Co-operative Bank
• For H1FY26, company has reported profit of Rs. 18.41 crore and of Rs. 200.16 crore

The last terms, such as the structure of investment, valuation, pricing, and rights (if any) are still being discussed. The LOI is non-binding and to be used merely for further discussions. No definitive terms to the agreement have been executed and there is no guarantee that the discussions will lead to a completed transaction.

Company has received a strong response for its AI - enabled web platform "SilverAI" - https://ai.silverlinetechnologies.in underlining the platform's potential of growing into a scalable subscription-led revenue engine. The Platform has estimated 5 lakh registered users in 45 days and further aims at reducing Pro Subscription fee to USD 9 per user per month in order to drive mass adoption

Since its launch on 2 Feb 2026, Silver AI has registered more than 24,000 registered users in a week's time reflecting robust market acceptance and growing interest in AI-driven productivity and enterprise solutions. At full pro adoption with 5 lakh registered users with USD 9 per user per month the company is looking at annual revenue potential of Rs. 430-450 crore.

To boost adoption further and increase involvement of users even more, the company has decided to offer to all users free access to the pro version of Silver AI for the next 6 months, with applicable terms and conditions. This initiative is designed strategically to maximise usage, gather structured user feedback and further stabilise and refine the platform ahead of large scale monetisation.

Commenting on the development, Mr. Yakin Joshi, Managing Director, Silverline Technologies Ltd said, "We are pleased to inform that company has received LOI from Trueledger Technologies FZE's preliminary interest of exploring a potential strategic investment of up to a 20 per cent stake in the company." Additionally company has received very good response for the recently launched - SilverAI with 24,000 plus registered users in the first week of launch and Company is evaluating a volume-driven pricing model for the Pro version of Silver AI. Subject to around 500,000 registered users within the next 45 days the Company aims to set the Pro subscription to USD 9 per user per month aiming at driving mass-adoption and higher conversion rates. At this pricing level, company has potential to reach monthly revenue of USD 54 million, translating into indicative Rs. 430-450 crore annualised revenue potential for the company assuming full pro adoption. Even in situations with partial conversion levels the revenue impact is considerable for the company."

At 10 per cent conversion, annual revenue potential estimated to be around Rs. 43 crore and at 20 per cent conversion it is estimated to be around Rs. 86 crore.

The Company continues to improve Silver AI in terms of performance, features, usability, and scalability, using continuous user feedback and analytics. Silverline is of the view that the early traction of Silver AI is an important indicator in support of its strategic goal of creating AI-driven, product-based, recurrent revenue streams for long-term stakeholder value creation.

"Silver AI" is the Company's AI-enabled web platform made to offer a conversation-based, assistive interface for productivity and knowledge workflows. The platform has been designed to guide the user with an intuitive chat-based experience that can be used to enhance efficiency when performing daily professional and organisational tasks. India's AI chatbot market is growing at a very fast rate and expected to reach $26.4 billion by 2031and Silver AI is in a great position to explore the growing opportunity with the launch of this initiative.

The Company has been able to carry out a rapid five-phase rollout in 30 days, demonstrating excellent speed-to-market and engineering depth. The web platform is live, mobile, multimodal AI and the advanced healthcare applications are on their way, with a private-by-design, fully encrypted, enterprise-ready architecture.

The launch is one of the major milestones in Silverline's product roadmap and helps the company strengthen its presence in high-growth technology segments. "It sets the Company up to capture a first-mover advantage in India-focused edge AI for healthcare, a nexus of a rapidly accelerating adoption of AI, digital health transformation and localized computing," added Mr. Yakin Joshi.

Silver AI is available via common web browsers and does not require any specialised hardware for access, allowing for quick onboarding and wide reach across various parts of the user segment. Designed around a conversational chat interface, the platform enables users to efficiently create, refine and structure professional and business outputs, such as drafting, summarisation, re-writing, brainstorming, structured response and thus enhance productivity and decision-making. The platform is a manifestation of the Company's strategic focus on developing product intellectual property from an Indian point of view, with flexibility to support India-first localisation and still be relevant for use by the global community.

Developed as a scalable foundation platform, Silver AI is built with the understanding that new modules, work flows, and integrations can be added incrementally over time, building both depth of features as well as markets to be served.

In parallel, the Company is advancing an enterprise-readiness roadmap for Silver AI including structured templates, role-based usage, and controlled deployments, which is positioning the platform for future enterprise adoption. Strategically using the Silver AI secures the Company's AI-led growth narrative, complements potential product-based revenue models, and complements its existing technology services portfolio, strengthening long-term competitiveness and innovation.

Company has reported a strong growth for the Q2FY26 for the quarter ended September 30, 2025., Revenue from operations of the company during Q2FY26 has increased to Rs. 100.07 crore, exhibiting a robust growth of over 100 times from the revenue from operations of Rs. 69.7 lakh in the quarter of the previous year. Net Profit of the company during Q2FY26 also increase to Rs. 7.26 crore as against to net profit of Rs. 3.28 lakh in the corresponding period last year. For H1FY26, company has reported net profit of 18.41 crores and Revenue from operations of 200.16 crores.

The Company has also been successful in closing a pending litigation with Apex Urban Co-operative Bank (in liquidation) through a court recorded settlement of Rs. 26 crore, much below the original claim amount of Rs. 35.98 crore.

Founded in 1992, Silverline Technologies is a publicly-listed global technology firm with more than three decades of expertise in enterprise software, digital transformation and IT consulting. Since 2019, the Company has taken advantage of emerging technologies, strategic partnerships, and investments across the areas of AI, Cloud, Cybersecurity, SAP, Analytics, Automation, and Digital Platforms to provide impactful, innovation-led solutions at the global level.

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