Invest
Tools
Holidays
More
Trade
Tools
Learning Center
Help Center
Resources
About Us
Market News
2 min read | Updated on March 09, 2026, 12:21 IST
SUMMARY
Sonata Software came under buying interest after the company informed exchanges that its arm Sonata Software North America (SSNA) has initiated legal proceedings against one of its clients.
Stock list
Sonata Software shares rose as much as 4.6% in an otherwise weak session. Image: Shutterstock
Shares of Sonata Software, the Bengaluru-based information technology (IT) company, rose as much as 4.6% to hit an intraday high of ₹257.80, in an otherwise weak session on Monday, March 9. On the BSE, Sonata Software shares climbed as much as 4.45% amid spike in trading volumes.
Sonata Software came under buying interest after the company informed exchanges that its arm Sonata Software North America (SSNA) has initiated legal proceedings against one of its clients for collection of accounts receivables and the damages.
Sonata Software North America filed a bankruptcy petition against OBSA Operating Company LLC in United States Bankruptcy Court for the District of Delaware under Involuntary Petition under Chapter 7 of US Bankruptcy Code.
Sonata Software North America expects to recover $10.46 million from the successful closure of proceedings.
"The Company has reviewed its exposure in relation to the above development, including receivables and existing contractual protection. However, we expect Q4 26 PAT to be still accretive compared to Q3 26 due to certain other one-time offsetting factors, and Revenues also is expected to be in line with the guidance provided during February 6, 2026 earning call," Sonata Software said in a regulatory filing.
Sonata Software last week said that it was recognized as a Microsoft Frontier Partner.
"This recognition underscores Sonata Software’s leadership in delivering AI-first human-led approach that combines AI agents and human ingenuity to scale innovation and impact across Cloud & AI Platforms, AI Business Solutions, and Security. Earned by demonstrating excellence across multiple Microsoft Cloud and AI disciplines, the Frontier Badge is a new symbol of leadership and impact," the company said in a press release.
Sonata Software Q3 earnings
Sonata Software's revenue from operations rose 45% sequentially to ₹3,081 crore and its net profit came in at ₹127 crore, up 6% sequentially.
The Company declared its third interim dividend for the financial year at ₹1.25 per share at the end of December quarter.
As of 12:08 pm, Sonata Software shares traded 3.79% higher at ₹outperforming the NIFTY50 index which was down 2.34%.
Related News
About The Author
Next Story
Upstox Securities Pvt. Ltd.: SEBI Registration No. INZ000315837 | NSE TM Code: 13942 | BSE TM Code: 6155 | CDSL Reg No.: IN-DP-761-2024 | CIN: U65100DL2021PTC376860 | Compliance Officer: Mr. Kapil Jaikalyani. Tel No.: (022) 24229920. Email ID: compliance@upstox.com | Registered Address: 809, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001 | RKSV Commodities India Pvt. Ltd.: SEBI Registration No.: INZ000015837 | MCX TM Code: 46510 | CIN: U74900DL2009PTC189166 | Compliance Officer: Mr. Amit Lalan. Tel No.: (022) 24229920. Email ID: compliance@rksv.in | Registered Address: 807, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001. Correspondence Address: 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (West), Mumbai – 400013. | For any complaints, email at complaints@upstox.com and complaints.mcx@upstox.com.
Procedure to file a complaint on SEBI SCORES: Register on the SCORES portal. Mandatory details for filing complaints on SCORES include: Name, PAN, Address, Mobile Number, and E-mail ID. Benefits include effective communication and speedy redressal of grievances. Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI, along with our Terms of Use and Privacy Policy.
Upstox Securities Private Limited is a wholly owned subsidiary of RKSV Securities India Private Limited and RKSV Commodities India Private Limited is an associate of RKSV Securities India Private Limited.
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing.
*Brokerage will not exceed the SEBI prescribed limit.
Mutual Funds: Top rated funds do not constitute any advice. Research data is powered by Morningstar. Please read the offer documents carefully before investing. Upstox shall not accept any liability arising out of your investments.
These are not Exchange traded products, and the Member is just acting as distributor. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism.
Attention Investors: As per NSE circular dated July 6, 2022, BSE circular dated July 6, 2022, MCX circular dated July 11, 2022 investors are cautioned to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc. Investors are further cautioned to avoid practices like:
a) Sharing i) trading credentials – login id & passwords including OTP’s., ii) trading strategies, iii) position details.
b) Trading in leveraged products /derivatives like Options without proper understanding, which could lead to losses.
c) Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks.
d) Dealing in unsolicited tips through platforms like Whatsapp, Telegram, Instagram, YouTube, Facebook, SMS, calls, etc.
e) Trading / Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.
Kindly, read the Advisory Guidelines For Investors as prescribed by the Exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client’s assets: Advisory Guidelines For Investors
Kindly, read the advisory as prescribed by the Exchange with reference to their circular dated January 14, 2022 regarding Updation of mandatory KYC fields by March 31, 2022: KYC Updation
Attention Investors: Prevent unauthorised transactions in your Demat account by updating your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your Demat account directly from CDSL on the same day. Prevent unauthorised transactions in your Trading account by updating your mobile numbers/email addresses with your stock brokers. Receive information on your transactions directly from the Exchange on your mobile/email at the end of the day. Issued in the interest of investors. KYC is a one-time exercise while dealing in securities markets – once KYC is done through a SEBI-registered intermediary (broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary. As a business, we don’t give stock tips and have not authorised anyone to trade on behalf of others. If you find anyone claiming to be part of Upstox or RKSV and offering such services, please send us an email at complaints@upstox.com and complaints.mcx@upstox.com.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account. Stockbrokers can accept securities as margin from their clients only by way of a pledge in the depository system w.e.f. 1st September 2020.
Update your email ID and mobile number with your stockbroker/depository participant and receive an OTP directly from the depository on your registered email ID and/or mobile number to create a pledge.
Check your securities/mutual funds/bonds in the Consolidated Account Statement (CAS) issued by NSDL/CDSL every month.
Attention Investors: SEBI has established an Online Dispute Resolution Portal (ODR Portal) for resolving disputes in the Indian Securities Market. This circular streamlines the existing dispute resolution mechanism, offering online conciliation and arbitration, benefiting investors and listed companies. https://www.sebi.gov.in/legal/circulars/jul-2023/online-resolution-of-disputes-in-the-indian-securities-market_74794.html ODR portal for Investors – https://smartodr.in/login
Leave a Reply