Nature of the Event

This document is a regulatory disclosure submitted by Sagarsoft (India) Limited to BSE Limited on July 10, 2026, regarding the voting results of its 30th Annual General Meeting (AGM) held on the same date. The submission is pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Quantitative Figures

  • Dividend declared: ₹1.50 per share (15%) on 63,92,238 equity shares of ₹10 each for the financial year ended March 31, 2026.
  • Material related party transaction approval: Aggregate value up to ₹36.00 crores with M/s. Sagarsoft INC, USA for a period of one year.
  • Remuneration increase for Shri K. Roopesh: Not exceeding ₹337.21 Lakhs (USD 3,50,000) per annum plus 2% commission on the net profit of IT CATS LLC, USA.

Parties Involved

  • Scrutinizer: M/s. B S S & Associates, Company Secretaries (Unique Code: P2012AP02600).
  • Related party: M/s. Sagarsoft INC, USA, under Regulation 2(1)(zb) of SEBI LODR Regulations.
  • Subsidiary: IT CATS LLC, USA, wholly owned by Sagarsoft (India) Limited.
  • Individuals: Shri K. Satish Chander Reddy (DIN: 02412539), Shri K. Pradeep Kumar Reddy (DIN: 02598624), Smt. Keerthi Anantha (DIN: 09379678), Shri K. Roopesh (DIN: 06967708), Sri Sai Manasa Tangirala (Company Secretary), and Manupati Jagadeesh (Managing Director).

Resolutions and Voting Outcomes

The following resolutions were passed at the AGM with voting details:

1. Resolution 1 (Ordinary): Adoption of audited standalone and consolidated financial statements for FY2026.

  • Voted in favour: 94 members, 39,94,168 votes (99.9663% of valid votes).
  • Voted against: 0 votes.
  • Abstained/Invalid: 1 member, Nil votes.

2. Resolution 2 (Ordinary): Declaration of dividend of ₹1.50 per share.

  • Voted in favour: 95 members, 39,95,515 votes (100% of valid votes).
  • Voted against: 0 votes.
  • Abstained/Invalid: Nil votes.

3. Resolution 3 (Ordinary): Re-appointment of Shri K. Satish Chander Reddy as director liable to retire by rotation.

  • Voted in favour: 94 members, 39,94,168 votes (99.9663% of valid votes).
  • Voted against: 1 member, 1,347 votes (0.0337% of valid votes).
  • Abstained/Invalid: 1 member, Nil votes.

4. Resolution 4 (Ordinary): Re-appointment of Shri K. Pradeep Kumar Reddy as director liable to retire by rotation.

  • Voted in favour: 94 members, 39,94,168 votes (99.9663% of valid votes).
  • Voted against: 1 member, 1,347 votes (0.0337% of valid votes).
  • Abstained/Invalid: Nil votes.

5. Resolution 5 (Ordinary): Approval of material related party transactions with Sagarsoft INC, USA.

  • Voted in favour: 98.9271% of valid votes (1,24,200 votes).
  • Voted against: 1.0729% of valid votes (1,347 votes).
  • Invalid votes: 6,32,603 shares from 2 related parties, pursuant to Regulation 23 of SEBI LODR.
  • Abstained votes: 32,37,365 shares from 17 Promoter & Promoter Group shareholders and related parties.

6. Resolution 6 (Special): Re-appointment of Smt. Keerthi Anantha as Independent Director for a second term of five years from November 10, 2026.

  • Voted in favour: 94 members, 39,94,168 votes (99.9663% of valid votes).
  • Voted against: 1 member, 1,347 votes (0.0337% of valid votes).
  • Abstained/Invalid: Nil votes.

7. Resolution 7 (Ordinary): Increase in remuneration payable to Shri K. Roopesh as President of IT CATS LLC, USA.

  • Voted in favour: 79 members, 8,83,703 votes (99.8478% of valid votes).
  • Voted against: 1 member, 1,347 votes (0.1522% of valid votes).
  • Abstained/Invalid: 15 members, 31,10,465 votes.

Financial Impact

  • Dividend payout: Financial impact not quantified in total amount in the disclosure, but based on 63,92,238 shares, the total dividend outflow would be approximately ₹95.88 lakhs.
  • Related party transaction: Up to ₹36.00 crores, to be executed at arm's length and in the ordinary course of business.
  • Remuneration increase: Up to ₹337.21 Lakhs per annum plus commission, impacting subsidiary expenses.

Capital Structure Impact

No change in share capital disclosed; dividend declared on existing equity shares.

Cash Flow Implications

Dividend declaration will result in cash outflow, but exact amount not specified in the disclosure.

Forward-looking Guidance

No forward-looking guidance or management commentary provided in the document.

Additional Details

  • Total number of shareholders on record date: 3,716.
  • Shareholders attended AGM through VC/OAVM: 13 Promoter & Promoter Group, 87 Public.
  • E-voting was conducted via KFin Technologies Limited, and instapoll voting was provided during AGM for those who hadn't voted earlier.
  • The scrutinizer's report was countersigned by the Managing Director.