Saksoft Ltd

Cameo Corporate Services Limited, acting on behalf of M/S. Saksoft Limited, confirmed the receipt and processing of securities for dematerialization during the quarter ended September 30, 2026, in a filing on October 5, 2026, stating that the securities were confirmed to the depositories and have been listed on stock exchanges.

A court has sanctioned a Scheme of Arrangement that will merge Augmento Labs Private Limited into its parent company, leading to the dissolution of Augmento Labs and the transfer of its assets, liabilities, and obligations to the parent company. The scheme, deemed beneficial to shareholders, will become effective April 1, 2026, with employees of Augmento Labs transitioning to the parent company without interruption. The total consideration for the acquisition is Rs 97.5 crore, with the parent company having reportedly paid the full amount, including deferred payments. The court has requested clarification on the payment schedule for any remaining deferred consideration, initially expected by June 2026, and emphasized that the order does not provide exemptions from stamp duty or other legal requirements.

Saksoft Limited informed the National Stock Exchange of India Limited and BSE Limited that the trading window for its securities will be closed for designated persons from October 1, 2026, until 48 hours after the declaration of the company’s unaudited consolidated and standalone financial results for the second quarter and half year ending September 30, 2026.

Saksoft Ltd announced a revision and upgrade to its credit ratings for bank facilities, as communicated by M/s. Care Ratings Limited, a credit rating agency registered with the Securities and Exchange Board of India. Specifically, the Long Term Bank Facilities, amounting to Rs 40.00 (enhanced from Rs 12.00), have been upgraded from CARE A; Stable to CARE A+; Stable, while the Short Term Bank Facilities, amounting to Rs 3.00, have been reaffirmed as CARE A1; no other rating agencies or instruments are mentioned in the communication.

Saksoft Limited announced the appointment of Mr. Gurmeet Chahal as Chief Executive Officer of Saksoft Inc. (US), a material subsidiary, effective October 12, 2026, following a recommendation from the Nomination and Remuneration Committee. Mr. Chahal will also be designated as Senior Management Personnel of Saksoft Limited, and is not related to any director of the company.

A court order has approved a Scheme of Arrangement between a Transferor Company and a Transferee Company, effectively merging the two entities and dissolving the Transferor Company. The merger, which will take effect April 1, 2026, involves the cancellation of the Transferor Company’s shares and its absorption into the Transferee Company, with employees transitioning to the Transferee Company without interruption. Full consideration of Rs 97,50,00,000 has been paid, and a No Objection Certificate was obtained from RBL Bank Ltd. The court emphasized that the order does not provide exemptions from taxes or duties and requires the Transferee Company to register the order with the Registrar of Companies.

A court order has approved a Scheme of Arrangement between a Transferor Company and a Transferee Company, initiating a merger where the Transferor Company will be absorbed into the Transferee Company and subsequently dissolved. The Appointed Date for the transition is April 1, 2026, at which point the Transferor Company’s assets, liabilities, and operations will become part of the Transferee Company. All consideration totaling Rs 97,50,00,000 has been paid, and a No Objection Certificate has been secured from RBL Bank Ltd. The court emphasized that the approval does not waive obligations regarding stamp duty, taxes, or potential future legal action, and requires compliance with all applicable laws and registration with the Registrar of Companies.

Saksoft Limited announced that its Board of Directors approved an updated list of Senior Management Personnel on August 7, 2026, including the appointment of Mr. Deepankur Kukreja as Chief Growth Officer, UK, effective June 23, 2026, and the continued roles of Mr. Dhiraj Kumar Mangla as Chief Customer Officer, Ms. Meera Venkatramanan as Key Managerial Personnel- Vice President- Company Secretary and Compliance Officer, Mr. Niraj Kumar Ganeriwal as Key Managerial Personnel- Chief Operating Officer and Chief Financial Officer, Mr. Shankar Harihara Iyer as Chief Growth Officer, US, Mr. Venkatesh Agarwal as Senior Vice President, Strategy and Growth, and Mr. Venkatram Ramoo as Vice President, Business Unit Head- Emerging Verticals.

Saksoft Ltd share price declined by 0.90% to Rs 175.8 after the company's net profit contracted by 18.48% to Rs 29.29 crore, while revenue from operations softened by 0.09% to Rs 248.62 crore in Q2FY26 over Q1FY26. The market capitalization of Computers - Software & Consulting industry group stocks on BSE stood at Rs 25.39 lakh crore, rising 5.07%. It has marginally improved by 0.97% over last one week and moved up slightly by 2.76% in last one month while the market capitalization of Saksoft Ltd has improved by 3.90% and 18.26% in the same period respectively. Profit before tax (PBT) of Saksoft Ltd stood at Rs 42.58 crore in Q2 FY26, declining 1.05% year-on-year, and dropping 10.02% quarter-on-quarter. EBITDA came in at Rs 44 crore, gaining 2.61% YoY and jumping 15.24% sequentially. Total expenses slightly declined by 0.25% to Rs 206.54 crore in Q2FY26 over Q2FY25. During the quarter, employee benefits expense was at Rs 127.79 crore, dipping slightly 2.24% YoY. For the TTM ended FY26, revenue from operations rose 14.06% to Rs 1007.19 crore, while net profit surged by 22.49% to Rs 133.27 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 12925% to Rs 167.29 crore, and PBT soared 26.55% to Rs 179.65 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 171.09 crore in FY26, as against Rs 111.0 crore in FY25. Saksoft Ltd nosedived by 12.30% in last one year, underperforming the benchmark BSE Sensex which has slipped by 1.97% during the same period.

Saksoft Limited will hold a board meeting on Friday, August 07, 2026, at 11:30 AM (IST) to review and approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026, according to a regulatory filing. The company also closed its trading window for securities from Wednesday, July 01, 2026, until 48 hours after the financial results are declared.