BSESagarsoft (India) LtdMinimalNeutral
Announced Fri, 10 Jul · 20:24 IST

Sagarsoft 30th AGM: all 7 resolutions passed, dividend of Rs 1.50 per share declared

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AI summary

Sagarsoft held its 30th AGM on 10 July 2026 via video conference. All 7 resolutions passed with the requisite majority. Key outcomes: adoption of FY26 audited standalone and consolidated financial statements (99.97 percent in favour), declaration of dividend of Rs 1.50 per share (15 percent) approved unanimously, re-appointment of three directors K Satish Chander Reddy, K Pradeep Kumar Reddy, and Keerthi Anantha as Independent Director, approval of material related party transactions with Sagarsoft INC USA up to Rs 36 crore (98.93 percent in favour), and increase in remuneration for K Roopesh, President of wholly owned subsidiary IT CATS LLC USA, up to Rs 337.21 lakhs plus 2 percent commission. BSS and Associates acted as Scrutinizer.

Likely market impact

Routine AGM items cleared with near-unanimous shareholder support. Rs 1.50 per share dividend confirmed. Related party deal and subsidiary executive pay hike also approved.