Pursuant to Regulation 30 of SEBI (LODR) Regulations,2015, We wish to inform that our Board of Directors at their meeting held on today i.e., 07.04.2025 took note of a proposal to incorporate ....
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Sagarsoft (India) Ltd's Board of Directors, at a meeting held on 7 April 2025, took note of a proposal to incorporate a new company in the United States. This new entity will be set up through its wholly owned subsidiary, ITCA TS LLC, USA, with an investment of up to $1,400,000 (approximately ₹11-12 crore depending on exchange rate). The company will share further details required under SEBI LODR Regulations once the incorporation process is completed. The move indicates a strategic push into the US market through a dedicated subsidiary structure.
This is a positive but modest expansion step that signals the company's intent to grow its US footprint. For shareholders, the $1.4 million investment is small relative to typical corporate activity and unlikely to move the stock sharply, but it represents incremental international growth potential.