The Compliance Officer of Sonata Software Limited has approved a Trading Plan submitted by the Sonata Software Limited Employee Welfare Trust. This plan, authorized under SEBI regulations, covers the Acquisition of the company’s securities. The proposed trading window is highly specific, scheduled only from August 10, 2026, to August 14, 2026, with a maximum trade value capped at Upto INR 2 Cr. The Trust has affirmed it possessed no Unpublished Price Sensitive Information (UPSI) at the time of formulation.
Approval of Employee Welfare Trust Trading Plan
On March 13, 2026, Sonata Software Limited formally communicated the approval of a proposed Trading Plan submitted by the Sonata Software Limited Employee Welfare Trust. This approval was granted by the undersigned Compliance Officer in compliance with prevailing insider trading regulations.
Key Details of the Approved Trading Plan
The designated person for this transaction is the Sonata Software Limited Employee Welfare Trust (PAN – AABTS3528E). The plan exclusively outlines the Acquisition of securities.
Trade Parameters:
- Value of Trade: Capped at Upto INR 2 Cr.
- Proposed Trading Window: A narrow window scheduled from Monday, August 10, 2026, through Friday, August 14, 2026. This interval adheres to the requirement of not exceeding five consecutive trading days.
- Price Range: Marked as NOT APPLICABLE, as is standard for acquisition plans where no upper price limit is set by the insider.
Mandatory Affirmations and Compliance
The Trustees, Mohan Muthuraj and Vasan VMS, provided several mandatory affirmations affirming the integrity of the plan:
- The plan does not overlap with any previously approved Trading Plan.
- They confirmed that they were not in possession of any UPSI at the time of submission. If any UPSI materializes later, trades will only commence after such information becomes generally available.
- The plan is formulated in good faith and is explicitly not intended for market abuse or for evading insider trading regulations.
- The Trustees undertook that once approved, the plan shall be irrevocable, and no trades will be executed outside the defined scope, except in cases of permanent incapacity or operation of law.
- A commitment was made to intimate all executed trades to the compliance officer within two trading days of the transaction date, along with necessary contract notes.
Internal Review and Sign-off
The internal review process, managed by the Compliance Officer, Mangal Kulkarni, resulted in an Approval Status recorded on the same date of receipt, March 13, 2026. The physical signatures of the Trustees confirmed their acceptance of the terms outlined for the acquisition program.
Source: BSE
