S A Tech Software India Limited — Important, 31-03-2025: Updates

The company has executed a sale deed for its residential flat located at Lodha Allura, Lower Parel, Mumbai, for a consideration of ₹4.95 crore. This property contributed approximately ₹0.16 crore to the company’s revenue for the financial year 2023-24, which is only about 0.22% of total revenue from operations of ₹71.88 crore. The sale agreement and deed were executed on March 30, 2025, with possession expected to conclude by April 2025. The buyers, Mr. Konda Ganesh Sundaram and Mrs. Shakila G. Konda, are not affiliated with the promoter group. Furthermore, this transaction is outside the scheme of arrangement and has been approved by shareholders via a special resolution passed earlier. This divestment may enhance liquidity for the company, providing an opportunity for reinvestment or debt reduction. Watch closely for further updates on how this strategic move affects operational focus and financial health.