Saksoft Limited , a leading IT solutions company, has announced a significant addition to its leadership team. The company has appointed Mr. Shankar Harihara Iyer as the Chief Growth Officer for North America at its US subsidiary, Saksoft Inc., effective October 13, 2025.

Key Appointment Details

Approval Process

The appointment was approved by Saksoft Limited's Board of Directors, following a recommendation from the Nomination and Remuneration Committee. This decision aligns with the company's strategic focus on expanding its presence in the North American market.

Professional Background

Mr. Iyer brings a wealth of experience to his new role:

Mr. Iyer's extensive experience spans across various sectors, including professional services, finance, banking, insurance, retail, high-tech, life sciences, manufacturing, travel, and utilities. His proven track record in anchoring new business growth, managing existing accounts, and providing technical solutions positions him well for driving Saksoft's growth initiatives in North America.

Company Disclosure

In compliance with Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Saksoft Limited has made this appointment public. The company has also confirmed that Mr. Iyer is not related to any Director of the Company, ensuring transparency in corporate governance.

This strategic appointment underscores Saksoft's commitment to strengthening its leadership team and expanding its footprint in the North American market. As the new Chief Growth Officer, Mr. Iyer is expected to play a crucial role in driving the company's growth strategies and enhancing its market position in the region.

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.