Sonata Software Limited has formally notified stock exchanges about an upcoming Board of Directors meeting scheduled for May 7, 2026. The announcement, made on April 30, 2026, was submitted to both the National Stock Exchange of India Limited and BSE Limited in compliance with regulatory requirements.

Meeting Agenda and Key Decisions

The board meeting has been convened to address two primary matters of significant importance to shareholders and stakeholders. The directors will deliberate on crucial financial and strategic decisions that will shape the company's immediate future.

Dividend Taxation Framework

The company has provided important clarification regarding dividend taxation in accordance with recent regulatory changes. As per the Finance Act, 2020, dividend income has become taxable in the hands of shareholders effective from April 1, 2020. This represents a significant shift from the previous taxation structure.

Key aspects of the dividend taxation include:

• Final dividend, if approved by shareholders, will be subject to tax deduction at source (TDS)
• TDS will be deducted in accordance with provisions of the Income Tax Act, 1961
• Company will communicate separately with shareholders to determine appropriate TDS rates
• Shareholders will receive detailed communication enabling proper tax compliance

Investor Engagement Initiative

Sonata Software has announced plans to enhance stakeholder communication through a dedicated conference call with analysts and investors. This initiative demonstrates the company's commitment to maintaining transparent communication with the investment community. The company has indicated that detailed information about the conference call, including timing and participation guidelines, will be shared through separate communication channels.

Regulatory Compliance and Transparency

The board meeting notification has been issued pursuant to Regulation 29(2) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures full compliance with regulatory frameworks governing listed companies in India. The notice is also available on the company's official website at www.sonata-software.com , providing easy access to shareholders and other stakeholders.

The formal notification was signed by Mangal Kulkarni, who serves as Company Secretary, Compliance Officer and Head Legal, ensuring proper authorization and regulatory adherence.

Sonata Software Limited has announced a major leadership transition following its Board of Directors meeting. The company disclosed significant changes in its executive leadership structure, marking the end of one tenure and the beginning of another.

Leadership Transition Details

The Board addressed key leadership changes based on recommendations from the Nomination and Remuneration Committee. The decisions were made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Samir Dhir's Departure and Advisory Role

Mr. Samir Dhir will cease and vacate office as Managing Director & Chief Executive Officer upon the expiration of his term on May 8, 2026. In his resignation letter dated April 25, 2026, Dhir stated that having regard to his personal priorities, he decided not to offer himself for reappointment upon expiration of his term. He also submitted his resignation from the position of Executive Director, effective from the close of business hours on May 8, 2026.

To support continuity and ensure a smooth transition, Samir will continue as an Advisor to the Board of Directors of Sonata Software until December 31, 2026. The Board expressed its deep appreciation for Samir's outstanding leadership and contributions during his tenure. Under his guidance, Sonata Software strengthened its position as a trusted and strategic partner to its customers and successfully advanced the business into its next phase of growth.

New CEO Appointment

The Board approved the appointment of Mr. Rajsekhar Datta Roy as Chief Executive Officer effective May 9, 2026, for a period of 3 years. Roy brings extensive qualifications and experience to the role:

Professional Background:

• Over three decades of experience in scaling practices and leading delivery groups for global clients
• Pivotal role in expanding Sonata Software's Dynamics and Microsoft practices into industry-focused offerings worldwide
• Leadership in strategy, delivery, and go-to-market initiatives
• Experience in product engineering, enterprise systems deployment, and digital transformation programs

Recent Contributions:

• Instrumental in guiding Sonata Software's evolution into an AI-first organization
• Led efforts in advancing a Responsible AI approach
• Developed Sonata Harmoni.AI, a responsible-first AI solution for business process automation and technology modernization
• Key role in improving operational margins through focused execution and technology-led efficiencies

Current Role and Responsibilities

Roy was serving as the Chief Delivery Officer and a key member of Sonata Software's executive leadership team. In that capacity, he was responsible for:

• Global delivery operations
• Transforming the organization to an AI-first delivery model
• Overseeing technology-led efficiency improvements

Company Overview

Sonata Software, with over $1.2 Billion Revenue, is a leading AI-first Modernization Engineering company, powered by its unique Platformation™ framework. The company's 6400+ AI Engineers are helping enterprises transform from systems to intelligent business platforms leveraging partner ecosystem to drive speed, efficiency and growth. Sonata's bouquet of Modernization Engineering Services with AI-first approach cuts across Cloud, Data, AI, Dynamics, Test Automation, and Managed Services.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of SEBI LODR, providing detailed annexures including the resignation letter and comprehensive profile of the new CEO. The information has been made available on the company's website at www.sonata-software.com , and proper notifications have been sent to both NSE and BSE.