Sonata Software Limited's management engaged with Banyan Tree Advisors Private Limited in a virtual meeting on June 29, 2026. The interaction was scheduled from 12:00 PM to 1:00 PM IST and was conducted as a single investor meet. The company stated that discussions during the session were based on publicly available information and documents.

The disclosure confirms that no unpublished price sensitive information (UPSI) was shared or discussed during the meeting. This regulatory filing was submitted to the National Stock Exchange of India Limited and BSE Limited to inform the exchanges about the investor interaction.

Meeting Details

The following table outlines the specifics of the engagement:

The information regarding this meeting has been hosted on the official website of Sonata Software Limited under the investor relations section. The filing was signed by Mangal Kulkarni, Company Secretary, Compliance Officer and Head Legal.

The National Company Law Tribunal (NCLT), Chennai Bench, has sanctioned the scheme of amalgamation between Encore I.T. Services Solutions Private Limited and Sonata Software Limited . The order, passed on June 5, 2026, confirms the appointed date for the amalgamation as April 1, 2024. The scheme aims to achieve operational efficiencies, streamline the corporate structure, and reduce administrative costs.

Scheme Details and Rationale

The amalgamation involves the transfer of the entire undertakings of Encore I.T. Services Solutions Private Limited, a wholly-owned subsidiary, to Sonata Software Limited. The rationale includes consolidating the business to manage operations as a single entity, reducing the multiplicity of legal and regulatory compliances, and rationalizing costs. The synergy created by the scheme is expected to increase operational efficiency and integrate business functions.

Statutory Approvals and Compliance

The scheme received necessary approvals from statutory authorities, including the Regional Director, Southern Region, and the Official Liquidator. The Income Tax Department had initially raised objections regarding tax arrears totaling ₹2,50,73,940 for the assessment years 2021-22, 2022-23, and 2024-25. However, the tribunal noted that the liabilities of the transferor company would devolve upon the transferee company, and the approval does not prejudice the department's rights to proceed with recovery.

Employee Protection and Undertakings

The tribunal directed that all employees of the transferor company in service immediately before the effective date shall become employees of the transferee company without interruption in service. Sonata Software Limited undertook that there would be no retrenchment of employees who were in service as on the appointed date, except in the event of resignation. The company also undertook to comply with the provisions of Section 240 and Section 232(3)(i) of the Companies Act, 2013, ensuring that liabilities for prior offences continue and that authorized capital fees are set off.

Financial and Operational Impact

Upon the scheme becoming effective, the equity shares held by Sonata Software Limited in Encore I.T. Services Solutions Private Limited will be cancelled without any consideration. The authorized share capital of the transferor company will be re-classified and combined with that of the transferee company. Each equity share of face value ₹100 of the transferor will be re-classified to 100 equity shares of face value ₹1 each of the transferee company. The transferor company will be dissolved without winding up upon the scheme's effectiveness.

The certified copy of the NCLT order is awaited, and the scheme will become effective upon filing with the Registrar of Companies.