Bodhtree Consulting Limited's board has approved the incorporation of a majority-owned foreign subsidiary in the United States of America. The proposed entity, named Datakosa Inc., will operate in the information technology and IT-enabled services sector. The company will subscribe to 95% of the paid-up share capital of the subsidiary, resulting in it becoming a 95% owned subsidiary. The initial investment for the incorporation is capped at USD 10,000.

The board meeting was held on July 03, 2026. The proposal involves incorporating the subsidiary along with one of the company's promoters, Mr. Prem Anandh, in an investment ratio of 95:5. Consequently, the proposed entity will be regarded as a related party of the company. The transaction will be undertaken at arm's length.

The primary object of the subsidiary is to expand the company's existing business operations into the United States. The proposed line of business aligns with the main line of business of the company. The consideration for the subscription will be discharged in cash and remitted through normal banking channels in compliance with applicable exchange control and other laws.

No specific governmental or regulatory approval is required in India for the proposed incorporation. However, the company must comply with the Foreign Exchange Management (Overseas Investment) Rules/Regulations, 2022. The proposed investment is permissible under the automatic route. The application for incorporation is expected to be filed shortly, with the process anticipated to be completed within a reasonable period subject to US approvals.

The following table outlines the key details of the proposed acquisition:

Bodhtree Consulting Limited has announced the outcome of its postal ballot process, which concluded on May 23, 2026. The remote e-voting was conducted to seek shareholder approval on the appointment of an Independent Director and the authorization of Related Party Transactions for the upcoming financial year.

The scrutinizer, Mr. Y. Ravi Prasada Reddy of RPR & Associates, submitted his report on May 24, 2026, confirming that both resolutions were passed with the requisite majority. A total of 49 members participated in the e-voting process, which was managed by Central Depository Services (India) Limited (CDSL).

Appointment of Independent Director

Shareholders approved the appointment of Mr. Sreenivasa Rao Ravinuthala (DIN: 03271625) as an Independent Director of the company. This resolution was passed as a Special Resolution with overwhelming support from the members.

Approval of Related Party Transactions

The members also granted approval for Related Party Transactions for the financial year 2026-27. This Ordinary Resolution was passed with the necessary majority, allowing the company to proceed with the specified transactions.

Voting Results Summary

The detailed voting results for the resolutions are presented below:

The record date for determining the eligibility of shareholders to vote on these resolutions was April 17, 2026. The results of the postal ballot have been hosted on the company's website.