Sagility Limited has completed a significant debt redemption transaction by redeeming Non-Convertible Debentures (NCDs) worth ₹110.50 crores to Sagility B.V. on January 2, 2026. The company also paid applicable interest of ₹2.13 crores for the period, demonstrating its commitment to debt management and financial obligations.

Transaction Details

The redemption involved 1,105 unsecured, unlisted, redeemable Non-Convertible Debentures, each with a face value of ₹10.00 lakhs. The transaction was executed as per the terms of the bond trust deed dated December 22, 2021, as amended.

Regulatory Compliance and Approvals

Sagility Limited informed the stock exchanges through a formal communication under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The redemption was executed pursuant to shareholders' approval obtained through remote e-voting via postal ballot on March 21, 2025.

The company's communication was addressed to both NSE (Symbol: SAGILITY) and BSE (Scrip Code: 544282), ensuring complete regulatory compliance and transparency.

Financial Implications

This NCD redemption represents a substantial debt reduction for Sagility Limited, potentially improving the company's balance sheet position. The transaction demonstrates the company's ability to meet its financial commitments and manage debt obligations effectively.

The interest payment of ₹2.13 crores was made after tax deduction, covering the three-month period at an 8% annual rate. This timely payment reinforces the company's commitment to honoring its debt service obligations to Sagility B.V., the debenture holder.

Corporate Structure Context

The transaction involves Sagility Limited (formerly Sagility India Limited) and Sagility B.V., indicating an inter-company financial arrangement. Such transactions are often part of broader corporate restructuring or financial management strategies within group companies.

Sagility Limited has informed stock exchanges about receiving a significant tax demand from the Income Tax Department, marking a notable regulatory development for the healthcare technology services company. The disclosure was made on December 10, 2025, in compliance with SEBI listing regulations.

Tax Assessment Details

The Income Tax Department issued an assessment order under sections 143(3), 144C(13), and 144B of the Income Tax Act, 1961, for assessment year 2022-23. The order was received by the company on December 10, 2025, at 10:05 IST.

Transfer Pricing Adjustments

The Income Tax Authority made transfer pricing and other adjustments to the company's returned income for AY 2022-23. These adjustments totaled ₹1,079.90 million, which subsequently led to the tax demand of ₹351.30 million including interest.

Company's Response Strategy

Sagility Limited has expressed confidence in challenging the assessment order. The company believes the aforementioned demand is not maintainable and, based on advice from its tax advisors, is preparing to file an appeal before the Income Tax Appellate Tribunal within the prescribed timelines.

The company has categorically stated that the assessment order has no material impact on its financials, operations, or other activities, suggesting confidence in its tax position and the eventual resolution of the matter.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Satish Kumar Sakharayapattana Seetharamaiah, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed in informing stakeholders about this development.