Sonata Software Completes Scheme of Arrangement and Amalgamation
Sonata Software Limited has finalized the Scheme of Arrangement and Amalgamation involving the company and Encore I.T. Services Solutions Private Limited. The scheme officially became effective from August 14, 2026, following the approval by the Registrar of Companies (RoC) on August 25, 2026.The scheme involves the merger of the wholly-owned subsidiary, Encore I.T. Services Solutions Private Limited (the Transferor Company), with Sonata Software Limited (the Transferee Company). The Appointed Date for the Scheme was noted as April 1, 2024.
Regarding the financial structure, the company confirmed that since the Scheme of Arrangement does not involve the issuance of any fresh equity shares, there is no effect on the Issued, Subscribed and Paid-up Capital of Sonata Software Limited pursuant to the effectiveness of the merger.
SONATSOFTW Stock Price Movement
Sonata Software Limited shares are slipping by 2.46% as of 3:30 PM, currently trading at ₹299.2 after shedding ₹7.55 from earlier prices. The stock has experienced significant intraday volatility, having traded between a low of ₹297.65 and a high of ₹307.05 today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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