Sahana System Withdraws 1,056,000-Warrant Preferential Issue, Considers Larger Raise

Board cancelled preferential issue of up to 1,056,000 fully convertible warrants, withdrew the NSE in-principle application and cancelled the related postal-ballot resolution. Company will evaluate a larger composite fund raise aimed at institutional participation and stronger balance-sheet funding; this marks a shift from the proposed deferred warrant structure. No investor identities, size, pricing or timeline were disclosed for the potential raise; any future issue requires shareholder and regulatory approvals.