Sonata Software has informed that Sonata Software Malaysia SDN. BHD. (hereinafter referred to as ‘Sonata Malaysia’) has been incorporated in Malaysia as a Wholly owned subsidiary of Sonata Software (hereinafter referred to as ‘Company’) with effect from 13th June, 2023, to provide end?to?end solutions to Information Technology Services. The paid-up share capital of Sonata Malaysia is MYR 10,000 (10,000 equity shares of MYR 1 each) for which no government/ regulatory approval is required. The Company holds 100% shareholding of Sonata Malaysia. The initial subscription in Sonata Malaysia by the Company does not fall under the purview of Related Party transaction and the promoter/ promoter group/ group companies do not have any interest in Sonata Malaysia.
The above information is a part of company’s filings submitted to BSE.
