Sagarsoft (India) Limited has filed its quarterly fund utilization statement with BSE Limited, providing transparency on the deployment of funds raised through its preferential issue. The submission, made under Regulation 32(3) of SEBI (LODR) Regulations 2015, covers the quarter ended December 31, 2025.

Fund Raising Details

The company had raised funds through a preferential issue completed on July 26, 2021. The key parameters of the fund raising are presented below:

Fund Utilization Status

The company reported complete utilization of the raised funds with no deviation from the original objects. The funds were originally allocated for further acquisition and other general corporate purposes.

Compliance and Monitoring

Sagarsoft (India) Limited confirmed that there was no deviation or variation in the use of funds raised during the reporting quarter. The company stated that no monitoring agency was applicable for this fund raising. Both the Audit Committee and auditors provided no specific comments on the fund utilization.

The statement was signed by T. Sri Sai Manasa, Company Secretary and Compliance Officer (Membership No: A61433), and submitted from the company's Hyderabad office on February 12, 2026. This regulatory filing demonstrates the company's commitment to maintaining transparency in fund deployment and adhering to SEBI compliance requirements.

Sagarsoft (India) Limited has announced the appointment of Mrs. Kanakadhara Srinivasan as Additional Director in the Independent category, marking a significant addition to the company's board structure. The appointment, effective January 13, 2026, follows the recommendation of the Nomination and Remuneration Committee and demonstrates the company's commitment to strengthening its governance framework.

Appointment Details and Regulatory Compliance

The board has appointed Mrs. Kanakadhara Srinivasan (DIN: 01650788) for a five-year term as Additional Director (Independent). The appointment is subject to approval from shareholders under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has confirmed that Mrs. Srinivasan has not been debarred from holding the office of Director by any SEBI order or other regulatory authority, ensuring compliance with BSE circular requirements.

Professional Background and Expertise

Mrs. Srinivasan brings substantial experience to Sagarsoft's board, with over 15 years of expertise in financial advisory, mergers and acquisitions, and board-level oversight. Her professional track record includes advising on more than 100 domestic and cross-border transactions across diverse industry sectors.

Her work has involved close engagement with promoters, boards, private equity investors, and senior management teams, providing her with comprehensive insights into corporate governance and strategic decision-making processes.

Board Independence and Governance

The appointment reinforces Sagarsoft's commitment to maintaining board independence and effective governance practices. Mrs. Srinivasan is not related to any existing Director, Manager, or Key Managerial Personnel of the company, ensuring her independent status on the board.

The company has filed the necessary intimation under Regulation 30 of SEBI (LODR) Regulations, 2015, along with detailed disclosures as required under the recent SEBI circular dated November 11, 2024. This appointment is expected to enhance the board's collective expertise in financial matters and strategic oversight, contributing to the company's continued growth and governance excellence.