Sonata Software Promoters Disclose Zero Share Encumbrance for Period Ended 31st March, 2026

1 min read     Updated on 19 May 2026, 01:20 PM
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The promoters and promoter group of Sonata Software Limited have submitted a nil encumbrance declaration for the period ended 31st March, 2026, under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulation, 2011. The disclosure confirms that no shares held by the promoters, including the Raheja family members and Globus Stores Private Limited, have been encumbered either directly or indirectly. The declaration was digitally signed by Rajan Raheja, Suman Rajan Raheja, Akshay Rajan Raheja, Viren Rajan Raheja, and Vinay Nadkarni on behalf of Globus Stores Private Limited, and was submitted to BSE and NSE on 3rd April, 2026.

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Sonata Software Limited's promoters and members of the promoter group have declared that no encumbrance has been created on their shareholding in the company, either directly or indirectly, as of 31st March, 2026. The disclosure was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulation, 2011, as amended from time to time. The formal communication was addressed to the listing departments of both the Bombay Stock Exchange Limited and the National Stock Exchange Limited, as well as to the Audit Committee Members of Sonata Software Limited.

Regulatory Disclosure Details

The encumbrance disclosure pertains to the period ended 31st March, 2026, and confirms that the promoters have not pledged or otherwise encumbered any shares held by them in Sonata Software Limited. This disclosure is a mandatory periodic compliance requirement under SEBI's takeover regulations, intended to provide transparency to investors and market participants regarding the promoter group's shareholding status.

The key details of the disclosure are summarised below:

Parameter: Details
Company Name: Sonata Software Limited
Disclosure Type: Encumbrance Declaration under Regulation 31(4)
Regulation: SEBI (Substantial Acquisition of Shares & Takeovers) Regulation, 2011
Period Ended: 31st March, 2026
Encumbrance Status: Nil — No encumbrance created, directly or indirectly
Date of Submission: 3rd April, 2026
Submitted To: BSE Limited and NSE Limited

Signatories to the Declaration

The declaration was digitally signed by multiple members of the promoter group, representing both individual promoters and a promoter group entity. The following individuals and entity authenticated the disclosure:

  • Rajan Raheja — digitally signed on 3rd April, 2026
  • Suman Rajan Raheja — digitally signed on 3rd April, 2026
  • Akshay Rajan Raheja — digitally signed on 3rd April, 2026
  • Viren Rajan Raheja — digitally signed on 3rd April, 2026
  • Vinay Nadkarni, Director (DIN: 02895960) — signing on behalf of Globus Stores Private Limited

The promoter group's registered correspondence address is listed as Rahejas, Corner of Main Avenue & V. P. Road, Santacruz (West), Mumbai – 400 054. The declaration reaffirms that the promoter group's holdings in Sonata Software Limited remain unencumbered as of the close of the quarter ended 31st March, 2026.

Historical Stock Returns for Sonata Software

1 Day5 Days1 Month6 Months1 Year5 Years
+0.99%+0.90%-1.16%-26.10%-31.26%+19.97%

How might Sonata Software's consistently unencumbered promoter shareholding influence institutional investor confidence and potential foreign portfolio investment inflows in the coming quarters?

Could the Raheja promoter group's clean encumbrance record position Sonata Software as a more attractive target for strategic partnerships or acquisitions in the competitive IT services sector?

What impact might Sonata Software's promoter shareholding stability have on its ability to raise capital or pursue large-scale mergers and acquisitions in the evolving global IT landscape?

Sonata Software Q4 PAT Rises 25%, AI Orders Drive FY27 Outlook

5 min read     Updated on 19 May 2026, 07:39 AM
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Sonata Software reported a 25% QoQ rise in Q4 PAT to ₹130.5 Cr, with full-year revenue growing 5.4% YoY to ₹10,701.2 Cr. The company highlighted an AI-led order book of $49M and expects FY27 growth driven by TMT, BFSI, and HLS verticals.

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Sonata Software Limited has released the transcript of its analyst and investor conference call for the quarter and fiscal year ended March 31, 2026. The disclosure, submitted in compliance with Regulation 46(2)(oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provides detailed insights into the company's financial performance and strategic outlook.

Financial Performance Overview

For the fourth quarter of FY2026, the company reported a consolidated revenue of Rs.2,536.2 Crores, a degrowth of 17.7% quarter-on-quarter and 3.1% year-on-year. Profit After Tax (PAT) for the quarter stood at Rs.130.5 Crores, marking a growth of 25% quarter-on-quarter and 21.4% year-on-year. For the full fiscal year FY2026, consolidated revenue reached Rs.10,701.2 Crores with a growth of 5.4% year-on-year, while PAT increased to Rs.464.4 Crores from Rs.424.7 Crores in the previous year.

The board has recommended a final dividend of Rs.4.15 per share. The consolidated EPS for FY2026 was reported at 16.74 per share compared to 15.3 per share in the previous year.

Segment Performance and Operational Metrics

The International Services business reported a constant currency revenue growth of 0.6% quarter-on-quarter, with USD revenue at $82.4 million. The segment achieved an EBITDA margin of 20.2% for Q4 FY2026, an improvement of 70 basis points from the previous quarter, driven by operational efficiencies and AI adoption. The AI-led order book for the year stood at $49 million, contributing 18% to the total order book, with a pipeline of $280 million.

The Domestic Business reported revenue of Rs.1,759.2 Crores for Q4 FY2026. Despite headwinds from a large client renewal, the segment posted a PAT of Rs.46.3 Crores, growing 3.9% quarter-on-quarter. Management indicated that the impact of the client loss has been largely covered.

The following table summarizes key operational metrics for Q4 FY2026:

Parameter Q4 FY2026 Details
Consolidated Revenue Rs.2,536.2 Crores
Consolidated PAT Rs.130.5 Crores
International EBITDA Margin 20.2%
AI-led Order Book (FY26) $49 million
Utilization Rate 91.8%
Headcount 6,283

Strategic Guidance and Outlook

Management expressed cautious optimism regarding the medium-term growth trajectory, expecting gradual improvement driven by AI-led initiatives. The company aims to maintain EBITDA levels similar to the current performance while remaining open to strategic investments for future growth, particularly in AI transformation.

For the domestic business, the management expects a return to the growth trajectory during FY27, supported by new customer additions and diversified service offerings. Key verticals expected to drive growth in the coming fiscal year include Technology, Media & Telecom (TMT), Healthcare & Life Sciences (HLS), and Banking, Financial Services & Insurance (BFSI), with the Retail, Manufacturing & Distribution (RMD) vertical also recovering.

The filing confirmed that the transcript is available on the company's investor relations website. The disclosure was signed by Mangal Kulkarni, Company Secretary and Compliance Officer, on May 18, 2026.

Historical Stock Returns for Sonata Software

1 Day5 Days1 Month6 Months1 Year5 Years
+0.99%+0.90%-1.16%-26.10%-31.26%+19.97%

How will Rajsekhar Datta Roy's specific subvertical strategy and go-to-market focus, expected to be revealed in coming months, differentiate Sonata from competitors in the increasingly crowded AI services space?

Given that the AI-led pipeline stands at $280 million but AI-led order book is only $49 million for FY2026, what conversion rate and timeline can investors realistically expect for pipeline-to-deal conversion in FY2027?

With the domestic business headwinds from the large Microsoft direct-billing client largely absorbed, which specific customer segments or verticals are most likely to drive the anticipated return to growth trajectory in FY2027?

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1 Year Returns:-31.26%