Sonata Software Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 17, 2008, inter alia, has recommended a final dividend of Rs 0.60 per share (60% on face value of Re 1/-), subject to the approval of shareholders.Sonata Software Ltd on April 08, 2008 has announced that it will set up a new facility, its fourth in Bangalore Global Village SEZ.It will house an additional 800 employees, and will involve an investment of Rs 20 Crores. The three existing facilities in the city, with a combined area of 1,24,000 sq-ft. seating 1200 employees, are already full.
In addition to the facilities in Bangalore, Sonata currently has a facility in Hyderabad, which can seat 800 people. This is also nearing full capacity. For expansion in Hyderabad, Sonata has already been allotted a seven-acre land in an SEZ, which when fully developed will accommodate an additional 2000 people.
The new facility is envisaged to be expanded in phases, initially from 20,000 sq-ft. to a fully developed facility of 1,00,000 sq-ft.
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