Sagarsoft (India) Ltd — Updates, 14-05-2025: Company Update

Sagarsoft (India) Limited has announced a board meeting to review the utilization of funds raised through a preferential issue of 2,00,000 equity shares priced at Rs. 254 each, totaling Rs. 5.08 Cr. As of the latest report, Rs. 1.18 Cr has been used for working capital needs, while the remaining Rs. 3.90 Cr is held in fixed deposits. There is no deviation from the original purpose of fund utilization, reflecting prudent cash management supporting business operations and growth. This update assures shareholders of transparent and disciplined fund deployment.