Key Details

Symbol (NSE): SAKSOFT

Corporate Action: Scheme of Amalgamation (Wholly-owned subsidiary merger)

Record Date: Not Specified

Nature of Scheme: Amalgamation of wholly-owned subsidiary into holding company

Entities Involved:

  • Transferor Company: Augmento Labs Private Limited (CIN: U72900TN2019PTC183534)
  • Transferee Company: Saksoft Limited (CIN: L72200TN1999PLC054429)

Demerged Company: Not Applicable (Amalgamation)

Resulting Company: Saksoft Limited (after amalgamation)

Share Entitlement Ratio: No share issuance. Shares of Transferor Company held by Transferee Company will stand cancelled without any new shares being issued or payment made in cash.

Implied Capital Structure Impact: Not Specified (No dilution as wholly-owned subsidiary merger)

Post-Allotment Listing Plan: Augmento Labs Private Limited will be dissolved without winding up. No separate listing as it merges into existing listed entity Saksoft Limited.

Regulatory and Approval Status:

  • NCLT Chennai Bench approved the Scheme vide Order dated 16.09.2026 in CP(CAA)/93(CHE)/2025
  • Rectified order issued on 01.10.2026 in IA(CA)/303(CHE)/2026 correcting typographical errors
  • Shareholder meetings dispensed with vide Order dated 27.11.2025 in CA(CAA)/73(CHE)/2025
  • Regional Director filed report dated 05.06.2026 with observations
  • Income Tax Department filed report dated 08.01.2026 with no objections subject to conditions
  • Official Liquidator filed report dated 30.03.2026 with observations
  • SEBI/Stock Exchange observations: Not required as exemption under Rule 37(6) of SEBI (LODR) Regulations applies for merger of wholly-owned subsidiary

Effective Date: [Effective Date: 01 April 2026] as specified in Clause 1.1.3 of the Scheme

Financial Rationale:

  • Consolidation of entities as Transferor Company is wholly-owned subsidiary
  • Simplification of Group holding structure by elimination of multiple entities
  • Greater efficiency in overall combined business including economies of scale
  • Reduction in overheads including administrative, managerial and other expenditure
  • Optimal utilization of resources by elimination of unnecessary duplication
  • Reduction in multiplicity of legal and regulatory compliances
  • Better opportunities for employees of Transferor Company
  • Enhancement of overall shareholder value

Impact on Shareholders:

  • No change in ownership structure as no new shares issued
  • Employees of Transferor Company will become employees of Transferee Company without break in service
  • All assets and liabilities of Transferor Company will transfer to Transferee Company
  • Transferor Company will stand dissolved without winding up process