Sonata Software Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI LODR'.
SONATSOFTW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sonata Software's US subsidiary, SSNA, has filed an involuntary Chapter 7 bankruptcy petition against client OBSA Operating Company LLC in the US Bankruptcy Court for the District of Delaware. The action is aimed at recovering outstanding accounts receivables and contractual damages totalling USD 10.64 million. The company has reviewed its exposure, including receivables and contractual protections, and stated that Q4 FY26 profit after tax is still expected to be higher than Q3 FY26 due to one-time offsetting factors. Revenue guidance remains unchanged from the February 6, 2026 earnings call.
Mildly negative due to a ~USD 10.64 million receivable at risk from a US client, but the company has indicated profitability and revenue guidance are unaffected, suggesting limited near-term impact on shareholders.