Sagarsoft (India) Ltd

AGM Details

• Date/time: 10 July 2026, 3:30 PM; mode: VC/OAVM.
• Remote e-voting: 6–9 July 2026; Instapoll at AGM.
• Scrutinizer: M/s B S S & Associates; consolidated report dated 10 July 2026.

Key Resolutions and Outcomes

• Resolution 1 (Ordinary): Adoption of standalone and consolidated financial statements; approved.
• Resolution 2 (Ordinary): Dividend of Rs 1.50 per share; approved.
• Resolution 3 (Ordinary): Re-appoint retiring director K.S. Chander Reddy; approved.
• Resolution 4 (Ordinary): Re-appoint retiring director K. Pradeep Kumar Reddy; approved.
• Resolution 5 (Ordinary): Approve related party transactions with Sagarsoft INC USA up to Rs 36 crore; approved.
• Resolution 6 (Special): Re-appoint independent director Keerthi Anantha for five-year term from 1 Nov 2026; approved.
• Resolution 7 (Ordinary): Increase remuneration for K. Roopesh; cap Rs 337.21 Lakhs p.a. plus 2% commission; approved.

Dividend Details

• Dividend per share: Rs 1.50; approved.

Directors & Governance

• Independent Director Keerthi Anantha appointed for five-year term starting 1 November 2026.
• Re-appointments of retiring directors approved.

Related Party Transactions

• Material related party transactions with M/s Sagarsoft INC USA approved up to Rs 36 crore; arms-length terms.

Voting Trends

• Overall voting showed strong majority; related party item had limited dissent.

Re-appointment of NED

• Re-appointment as Non-Executive Independent Director for a second five-year term from 10 November 2026.
• Profile: Lawyer with 23+ years' experience in corporate law, real estate, and advisory matters.
• Not related to any other director or KMP.

AGM Details

• AGM held via VC/OAVM on 10 July 2026; start 3:30 PM, end 4:42 PM.

Resolutions and status

• Adoption of audited standalone and consolidated financial statements.
• Declaration of dividend of Rs 1.50 per equity share.
• Appointment of director replacing retiring by rotation: K.Satish Chander Reddy.
• Appointment of director replacing retiring by rotation: K. Pradeep Kumar Reddy.
• Approval of material related party transaction.
• Re-appointment of Independent Director Keerthi Anantha.
• Increase in remuneration payable to Roopesh, President of IT CATS LLC, USA.
• Voting results to be furnished to exchange within regulatory timeline.

Dematerialisation status and related actions

• Dematerialisation requests processed and approved/rejected within the 15-day timeline after receipt.
• Securities dematerialised have been listed on the stock exchanges where earlier listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after due verification.
• Depository's name substituted as registered owner in records for approved demat requests.
• Certification to depositories and stock exchanges is ongoing in line with Regulations.

Appointment of Independent Director

• Kanakadhara Srinivasan appointed Independent Director effective 13 January 2026
• Appointment term is 5 years from 13 January 2026
• Kanakadhara Srinivasan has over 15 years experience in financial advisory and M&A
• She advised on 100+ domestic and cross-border transactions across multiple sectors
• She engages with promoters, boards, private equity, and senior management teams
• Kanakadhara Srinivasan is not related to any director or KMP of the company
• She is not debarred from holding director office by SEBI or other authorities