Sahana System

Sahana System’s board cancelled a proposed issue of up to 1,056,000 fully convertible warrants and withdrew its pending in-principle application with the NSE. It also cancelled the related postal-ballot resolution and ordered the deactivation of CDSL’s electronic voting facility, with votes already cast to become void. The company planned to evaluate a larger composite fund-raising proposal, subject to board, shareholder and regulatory approvals, without specifying an amount or timetable. The board set October 9, 2026 as the record date for the final dividend for FY26, while the promoter group waived its entitlement. Sahana System reported consolidated revenue of ₹69.05 crore and profit after tax of ₹18.2 crore for FY24.

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Sahana System's board withdrew and canceled its proposed preferential issue of up to 1,056,000 fully convertible warrants, along with the related in-principle approval application to the NSE. It also canceled the associated postal-ballot resolution and instructed CDSL to deactivate voting for the item, rendering votes already recorded on it void. A larger composite fund-raising proposal was left for future evaluation, subject to board, shareholder and exchange approvals, without a specified amount or instrument. Sahana reported consolidated revenue of ₹69.05 crore and profit after tax of ₹18.2 crore for FY24, with ₹26 crore of cash and ₹12.6 crore of debt.

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Sahana System cancelled its proposed issue of up to 1,056,000 fully convertible warrants and withdrew the related in-principle application from the NSE. The board also cancelled the preferential-issue resolution in its postal-ballot notice, rendering votes already cast on it void. It said it would evaluate a larger composite fund-raising transaction after receiving unsolicited interest from prospective strategic and institutional investors, without specifying a size or timetable. Sahana reported consolidated revenue of ₹69.05 crore and profit after tax of ₹18.2 crore for FY24, with cash and equivalents of ₹26 crore.

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Sahana System approved a proposal to raise up to ₹92.93 crore through 1,056,000 fully convertible warrants priced at ₹880 each, subject to shareholder and regulatory approvals. The warrants were proposed for Pratik Kakadia, Hetal Kakadiya, Shrem Investments Private Limited and Bhavesh Joshi, with each allotted up to 264,000 warrants. Sahana had raised ₹32.74 crore in its June 2023 IPO and received in-principle approval for a rights issue of up to ₹49 crore in June 2024. The company reported FY24 consolidated revenue of ₹69.05 crore and profit after tax of ₹18.2 crore, while cash stood at ₹26 crore and related-party loans at ₹12.6 crore.

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July 31 (Reuters) - Sahana System Ltd SAHT.NS:

• RECEIVES PROVISIONAL LOI FOR 695.1 MILLION RUPEES PROJECT FROM RAILTEL

Source text: ID:nNSE9NxxvQ

Further company coverage: SAHT.NS

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June 15 (Reuters) - Sahana System Ltd SAHT.NS:

• SAHANA SYSTEM - UNIT SECURES LONG-TERM DEFENCE MANUFACTURING CONTRACT WITH CENTRAL ELECTRONICS

Source text: ID:nNSE84353f

Further company coverage: SAHT.NS

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Feb 11 (Reuters) - Sahana System Ltd SAHT.NS:

• ENTERS AGREEMENT FOR SMART EDUCATION PROJECTS IN ASSAM

• ESTIMATED REVENUE SHARE FOR SAHANA SYSTEM IS 1.50 BILLION RUPEES

Source text: ID:nNSE1zm02F

Further company coverage: SAHT.NS

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Jan 21 (Reuters) - Sahana System Ltd SAHT.NS:

• SECURES 247.6 MILLION RUPEES CONTRACT FROM RAILTEL

Source text: ID:nNSE6BDCXm

Further company coverage: SAHT.NS

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May 15 (Reuters) - Sahana System Ltd SAHT.NS:

• SAHANA SYSTEM - HETANG ARUNKUMAR SHAH RESIGNS AS MANAGING DIRECTOR

Source text for Eikon: ID:nNSE2SppSf

Further company coverage: SAHT.NS

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Feb 14 (Reuters) - Sahana System Ltd SAHT.NS:

• APPROVED FUND RAISING UP TO 490 MILLION RUPEES

Source text for Eikon: ID:nNSE49xdV8

Further company coverage: SAHT.NS

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Sept 1 (Reuters) - Sahana System Ltd SAHT.NS:

• ACQUIRED SOFTVAN AND SOFTVAN LABS IN A STRATEGIC BUSINESS TRANSACTION VALUED AT 150 MILLION RUPEES

Source text for Eikon: ID:nNSE7B43jk

Further company coverage: SAHT.NS

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Aug 18 (Reuters) - Sahana System Ltd SAHT.NS:

• APPROVED ENTERING INTO SHARE PURCHASE AGREEMENT FOR ACQUISITION OF 100% EQUITY SHARES OF SOFTVAN PVT LTD

• APPROVED ENTERING INTO AGREEMENT FOR ACQUISITION OF 100% SHARES OF SOFTVAN LABS PVT LTD

• ACQUISITION OF SOFTVAN LABS PVT LTD FOR 31.9 MILLION RUPEES

• ACQUISITION OF SOFTVAN PVT LTD FOR 118.1 MILLION RUPEES

Source text for Eikon: ID:nNSE9RGDDb

Further company coverage: SAHT.NS

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