Surat Trade and Mercantile Limited detected a ransomware cyber security incident within its IT systems.

The company promptly initiated containment and mitigation measures.

Based on its assessment, there has been no data loss, no compromise of confidential information, and no material impact on operations.

The company is strengthening its cyber security framework to prevent recurrence and will continue monitoring the situation.

This update assures shareholders that a potential cyber threat was managed without significant adverse effects on the business or sensitive data.