Sonata Software Limited CC-Sep24.pdf · 2024-11-06
Basically, I have a Retail investor for almost like eight years with Sonata Software. This is the first time when company is doing everything good, at least cash flow wise, acquisition wise we have paid something which is incentive toward the companies which we acquire, we have paid to employees, but we find there is no dividend declaration. Is there any change in policy?
Does it not sound something which is kind of when we were looking at acquisition funded by debt and we are paying incentives and we are paying increment when acquisition rate is 13% to employees, which is fine, We are a manpower company, we should pay more to that part. We have liquidity and we are paying dividend in fact from the turnaround time. We have started paying two dividends. Today we are in great shape, and we are still deliberating. So, are you looking at acquisition or something that you need to hold back the cash reserve? Otherwise, it's not making sense. Why change the policy. In fact, there was no communication. If you check discussion sometime back whatever last 5 -6 quarterly discussion, categorically I ask if there is any change in dividend payout policy, it will say no , it will not increase because we have done acquisition, but it would be maintained. And basically, what happens is this gives discomfort to the investor community because we are used to certain kind of pattern with the company. And if you are changing that and without any communication, it's not fair, right?