Please find enclosed a copy of the Postal Ballot notice together with the explanatory statement.
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Sagarsoft (India) Ltd has sent a Postal Ballot Notice to shareholders seeking approval via remote e-voting (from February 18 to March 19, 2026) for two resolutions. The first is the appointment of Mrs. Kanakadhara Srinivasan (DIN: 01650778), a Chartered Accountant with 15+ years of experience in financial advisory and M&A, as an Independent Director for a 5-year term from January 13, 2026. The second is approval of a material related party transaction with Sagarsoft Inc, USA (where Director Kalva Satish Chander Reddy holds 60%) for IT software development and consultancy services worth up to Rs. 24 crores for one year. The proposed value represents 16.86% of the company's consolidated turnover. Previous year transactions with Sagarsoft Inc USA stood at Rs. 21.12 crores in FY25 and Rs. 15.39 crores in FY26 till December 2025.
The director appointment is a routine governance step that strengthens board oversight, while the material RPT approval allows continued business with the US subsidiary at arm's length pricing. Shareholders should note that Mr. Kalva Satish Chander Reddy and his relatives cannot vote on the RPT resolution, and the outcome of voting will be disclosed once the e-voting period closes on March 19, 2026.