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Sonata Software Ltd. — Board/Management Information 2022
Apr 7, 2022
60845_rns_2022-04-07_b0275017-dfda-4b76-b8b8-fe7b0fa9b8dd.pdf
Board/Management Information
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7[th] April, 2022
National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Mumbai
Kind Attn: Manager, Listing Department Email Id: [email protected] Stock Code - SONATSOFTW
BSE Limited P.J. Towers, Dalal Street Mumbai Kind Attn: Manager, Listing Department Email Id: [email protected] Stock Code - 532221
Dear Sirs,
SUB: Appointment of CEO
REF : Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
With reference to the above, we wish to inform you that based on the recommendations of the Nomination & Remuneration Committee, the Board of Directors of Sonata Software Limited at its meeting held today (i.e. 7[th] April, 2022), has approved the appointment of Mr. Samir Dhir as CEO of the Company with effect from 8[th] April 2022.
Mr. Srikar Reddy is voluntarily stepping down as CEO effective close of business hours on 7[th] April, 2022 and will be continuing as Managing Director of the Company.
We are enclosing a copy of the Press Release in connection with the aforesaid appointment and a brief profile as Annexure A of Mr. Samir Dhir for your reference.
We request you to kindly take the same on record.
Thanking you,
Yours faithfully,
For Sonata Software Limited
Digitally signed by MANGAL MANGAL KRISHNARAO KRISHNARAO KULKARNI KULKARNI Date: 2022.04.07 18:13:02 +05'30'
Mangal Kulkarni Company Secretary, Compliance Officer and Head Legal
Encl. : As above
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Sonata Software Limited - SSL Registered Office: 208, T V Industrial estate, 2nd Floor, S K Ahire Marg, Worli, Mumbai – 400 030 Corporate Office: APS Trust Building, Bull Temple Road, N. R. Colony, Bangalore - 560 004, India
Website: www.sonata-software.com email: [email protected] Tel: +91 80 6778 1999
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Annexure A
Details pertaining to appointment of Mr. Samir Dhir as CEO of Sonata Software Limited.
| SN | Particulars | Details |
|---|---|---|
| 1 | Reason for Appointment | CEO transition is part of the Sonata Software Board's succession plan.Mr. Srikar Reddy will continue as MD and will transition to Samir over the next 9 to 12 months. |
| 2 | Date of appointment | 8thApril, 2022. |
| 3 | Brief Profile | Mr. Samir has more than 25 years of leadership and Industry experience. In his last role, he served as CEO of Global Markets and Industries at Virtusa, where he managed the Company's revenues of over US $1.6B. As part of the role, he built depth in BFSI, TMT, and Healthcare industries for Digital capabilities. |
| 4 | Disclosure of relationships between directors |
Mr. Samir Dhir is not related to any of the Directors or Key Managerial Personnel or Promoters and Promoter group of the Company. |
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Press Release
Sonata Software communicates CEO succession plan
Announced Mr. Samir Dhir as CEO from 8[th] April 2022.
Bengaluru, April 7, 2022
Sonata Software, the global IT digital services and solutions Company today announced its CEO’s transition as part of the Board’s succession plan. Mr. Srikar Reddy will continue as Managing Director and will transition to Mr. Samir over the next nine to twelve months.
Samir brings more than 25 years of leadership and industry experience to Sonata. In his last role, he served as CEO of Global Markets and Industries at Virtusa, where he managed the Company's revenues of over US $1.6B. As part of the role, he built depth in BFSI, TMT, and Healthcare industries for Digital capabilities.
The Board also announced that there would be continuity with Mr. Srikar Reddy being elevated as Executive Vice Chairman once the above transition is complete. Srikar will continue to support the leadership team on important organizational initiatives.
All of the above are subject to Board, Shareholders’ and other applicable approvals as required.
“We are excited to have Samir join us as CEO in this growth phase,” said Srikar Reddy – “He is a proven leader for scaling organisations, and we believe Samir will provide the leadership and vision required for the next phase of Sonata’s growth.”
"I am delighted and honored to join Sonata at this exciting time for our employees, clients, and partners," said Samir Dhir. "Sonata has a great trajectory with strong partnerships and market momentum. I look forward to working with Sonata teams globally to help scale the platform leveraging the deep expertise and knowledge of our employees to support our clients’ digital journey.”
About Sonata Software
For more information, press only: Nandita Venkatesh Sonata Software Limited CIN- L72200MH1994PLC082110 A.P.S. Trust Building, Bull Temple Road, N.R. Colony Bangalore 560019, India Tel: +91 80 67781999 [email protected]