Sonata Software Limited announced that Sonata Software Intercontinental Limited (hereinafter referred to as "SSIL") has been incorporated in Ireland as a Wholly owned subsidiary of Sonata Software Limited (hereinafter referred to as "Company") with effect from 8th September, 2021 to provide endtoend solutions to Information Technology Services. The authorized share capital of SSIL is EUR 100,000 (100,000 equity shares (Ordinary Shares) of EUR 1 each) for which no government/regulatory approval is required. The Company holds 100% shareholding of SSIL. The initial subscription in SSIL 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 SSIL. The newly incorporated entity is yet to commence its operations.