Saksoft Limited received a rectified order from the National Company Law Tribunal (NCLT), Chennai Bench, on October 1, 2026, regarding the amalgamation of its wholly owned subsidiary, Augmento Labs Private Limited.

The rectification addresses specific typographical and factual errors in the original order dated September 16, 2026, which sanctioned the Scheme of Amalgamation. The corrections ensure the legal documentation accurately reflects the terms of the merger between the transferor and transferee companies.

Nature of Rectifications

The NCLT Division Bench, comprising Sanjiv Jain (Judicial) and Venkataraman Subramaniam (Technical), allowed several corrections under Rule 154 of the NCLT Rules, 2016. These rules permit the correction of clerical or arithmetical mistakes arising from accidental slips or omissions.

Key changes include:

• Clarifying Saksoft Limited as the "Transferee Company" rather than "petitioner 2 company."
• Correcting the reference to the Scheme from "Annexure 18" to "Annexure - A1."
• Updating the date of filing the second motion petition from December 26, 2025, to December 16, 2025.
• Rectifying the Appointed Date reference from April 1, 2025, to April 1, 2026, as specified in Clause 1.1.3 of the Scheme.
• Adjusting paragraph numbering where sections were erroneously repeated or missed.

Rejected Applications

The Tribunal declined certain requests for additions to the order, stating that Rule 154 does not allow for substantive additions. Specifically, the Tribunal refused to insert details regarding notices sent to the Software Technology Parks of India (STPI) and GST authorities, and declined to add a paragraph concerning the Regional Director's report observations on dispensing with shareholder meetings.

Additionally, the request to change the date of filing for application CA(CAA)/73(CHE)/2025 was rejected because the date in the original order reflected the e-filing date, which is legally valid.

Merger Details

The Scheme provides for the amalgamation of Augmento Labs Private Limited into Saksoft Limited. As Augmento Labs is a wholly owned subsidiary, no new shares will be issued by Saksoft Limited in lieu of the shares held in Augmento Labs. The shares held by Saksoft in Augmento Labs will stand cancelled automatically upon the Scheme coming into effect.

What the Numbers Show

The rectified order highlights the importance of precise dating in corporate mergers. The correction of the Appointed Date from April 1, 2025, to April 1, 2026, aligns the effective date with the prospective timeline approved by the Tribunal. This ensures that the accounting treatment and vesting of assets occur from the correct fiscal year start, avoiding potential discrepancies in financial reporting for FY27.

Saksoft has approved the appointment of Gurmeet Chahal as Chief Executive Officer of Saksoft Inc, its material US subsidiary, effective October 12, 2026. The board also designated him as Senior Management Personnel of the parent company with effect from his joining date.

Leadership appointment at Saksoft Inc

The company's board approved the appointment of Gurmeet Chahal to lead Saksoft Inc as its CEO. The role takes effect on October 12, 2026. This decision follows the recommendation of the Nomination and Remuneration Committee. In addition to leading the US entity, Mr. Chahal will be designated as Senior Management Personnel of Saksoft Limited, enhancing governance visibility for the subsidiary's operations.

Executive profile and experience

Mr. Chahal is a senior technology and business-services executive with approximately three decades of experience across IT services, BPM, digital transformation, healthcare, and life sciences. He has worked extensively across India and the US and is currently based in New Jersey.

His recent roles include serving as the Founding Chief Executive Officer and Executive Director of Digitide, where he led the transformation of the business following its demerger from Quess Corp. Prior to Digitide, he was Senior Vice President & Global Leader – Digital Transformation Services at Genpact from 2021 to 2024. At Genpact, he was responsible for repositioning the digital transformation business and driving growth through integrated technology/BPM offerings, partnerships, and new-logo acquisition.

Mr. Chahal holds a Bachelor of Technology in Chemical Engineering from Panjab University and an MBA in Finance & Marketing from XLRI, Jamshedpur. He has also completed executive programmes at Northwestern Kellogg and Tuck School of Business, Dartmouth. He is not related to any director of the company.