ALPHA TRIBE

Sagarsoft (India) LtdImportant, 12-02-2026: Company Update

12-02-2026 | 07:58 pm

Sagarsoft (India) Limited reported on the utilization of funds raised through a Preferential Issue. The company secured 5.08 Cr for acquisition and general corporate purposes. The report confirms there has been no deviation from the stated use of funds. Out of the total amount raised, 1.18 Cr has been deployed towards working capital requirements. The remaining 3.90 Cr from this fundraising is currently held in fixed deposits. This update provides clarity to investors on how the capital from the preferential issue is being managed.

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