Saksoft Limited , a prominent IT services and solutions provider, has announced modifications to its Scheme of Amalgamation with its wholly-owned subsidiary, Augmento Labs Private Limited. The update comes in response to the Registrar of Companies' approval of Augmento Labs' change in registered office address.

Key Updates to the Amalgamation Scheme

The revised scheme now reflects Augmento Labs' new registered office address and updated Corporate Identification Number (CIN). These changes ensure that the amalgamation process aligns with the latest corporate information of the subsidiary.

Background of the Amalgamation

Saksoft's Board of Directors had initially approved the amalgamation scheme on August 8, 2025. The plan outlines the merger of Augmento Labs into Saksoft, with an appointed date of April 1, 2026.

Strategic Objectives of the Merger

The amalgamation aims to achieve several strategic objectives:

1. Consolidation of operations
2. Realization of economies of scale
3. Reduction in administrative costs
4. Enhancement of shareholder value

Impact on Shareholding

As Augmento Labs is a wholly-owned subsidiary of Saksoft, the amalgamation will not result in the issuance of new shares by Saksoft.

Transfer of Assets and Liabilities

Upon completion of the amalgamation:

• All assets and liabilities of Augmento Labs will be transferred to Saksoft
• Employees of Augmento Labs will be integrated into Saksoft's workforce
• Augmento Labs' business operations will be consolidated under Saksoft

Regulatory Compliance

The updated scheme has been filed with the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) in compliance with SEBI regulations. Saksoft's shares are listed on both these exchanges.

Next Steps

The amalgamation process will proceed subject to necessary approvals from shareholders, creditors, and regulatory authorities, including the National Company Law Tribunal (NCLT).

This strategic move by Saksoft underscores its commitment to streamlining operations and enhancing overall business efficiency. As the IT services landscape continues to evolve, such consolidations can potentially strengthen Saksoft's market position and create additional value for its stakeholders.

Saksoft Limited , an AI-led product engineering company, has reported strong financial results for the first quarter, with significant year-on-year growth across key metrics.

Financial Highlights

Business Performance

Saksoft's CEO, Aditya Krishna, highlighted the company's repositioning as an AI-led product engineering firm in response to evolving market dynamics. The company's recent acquisitions of Salesforce and ServiceNow partners, Ceptes and Zetechno, have begun to yield positive results, driving increased conversations and traction across $1 million-plus accounts.

Customer Metrics and Geographic Distribution

• 16 customers generating over $1 million in revenue
• Added one new customer in the $0.5 million bracket within the logistics vertical
• Successfully scaled an existing client from $0.5 million to $1 million bracket in the commerce vertical
• Geographic revenue distribution:
  • Americas: 44%
  • Europe: 21%
  • Asia Pacific and others: 35%

Operational Metrics

AI and Product Engineering Focus

Saksoft is investing in AI frameworks across various stages of the software development life cycle. The company is developing a suite of frameworks to enable faster and intelligent development and deployment of code, as well as address the challenge of legacy code modernization.

Future Outlook

• Management has provided guidance of INR 1,000-1,100 crores for the current financial year
• The company maintains its $500 million revenue target by 2030
• EBITDA margins are expected to normalize to the 16.5%-17.5% range due to annual increments and currency headwinds

Cash Position and Acquisition Strategy

• Cash reserves of approximately INR 190-200 crores
• The company continues to evaluate acquisition opportunities in the $8-10 million revenue range

Aditya Krishna emphasized the company's focus on increasing wallet share with existing customers and adding new logos strategically. He stated, "If we can increase the wallet share with existing customers, and the appetite is there because we are still -- the wallet share with most of our customers is small. So we have enough band -- I mean, enough runway to, if not double, maybe 4 or 5x grow our revenue to where it is today with existing customers."

Despite global headwinds and uncertainties related to potential tariffs, particularly in the U.S. market, Saksoft remains committed to its growth strategy and long-term revenue targets. The company's adaptability and focus on AI-led solutions position it to navigate the rapidly evolving technology landscape and capitalize on emerging opportunities in the product engineering space.