Submission of Postal ballot Voting results and Scrutinizer Report
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sagarsoft (India) Ltd announced the results of its postal ballot concluded on 19th March 2026. Two resolutions were passed by shareholders: (1) Special Resolution appointing Mrs. Kanakadhara Srinivasan (DIN: 01650788) as an Independent Director for a term of five consecutive years effective 13th January 2026, passed with 99.96% votes in favour (34,27,009 votes out of 34,28,331 valid votes). (2) Ordinary Resolution approving material related party transactions with M/s. Sagarsoft INC, USA for an aggregate value of up to Rs. 24 crores over one year, passed with 99.52% votes in favour (2,76,242 out of 2,77,564 valid votes). E-voting was conducted via KFin Technologies. The Chairman, Sreekanth Reddy Sammidi, declared the results on 20th March 2026.
Both resolutions passed with overwhelming shareholder support (over 99% in favour), which is positive for governance. The new Independent Director strengthens the board, and the pre-approved related party transaction limit with the US subsidiary provides operational clarity for cross-border business activities for the coming year.