Business Update31 Jul 2026, 06:30 pm
Sagarsoft Consolidates Operations, Vacates Leased Office Space
AI Summary
Sagarsoft (India) Ltd has announced the consolidation of its operations by vacating a leased office space in Jubilee Hills, Hyderabad. This decision comes in response to a significant shift in the company's operating model, with a majority of employees now working under a hybrid model. The existing office space is deemed adequate for current operational needs. The company had previously informed the exchange on August 2nd, 2017, about setting up an additional Software Development Centre at the now-vacated premises.
Key Highlights
- Company is consolidating operations by vacating leased office space.
- Shift to hybrid work model necessitates operational adjustments.
- Existing office space is sufficient for current requirements.
- Previous expansion plans for an additional development center are being revised.
Price Impact
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