Capillary Technologies has announced the appointment of Sumit Kumar as President of the Middle East, Africa & India region, strengthening its leadership team to drive growth in one of its most strategic markets. The appointment was announced on April 02, 2026, through a regulatory filing with BSE and NSE.

Leadership Appointment Details

Based in Dubai, Kumar will lead Capillary's sales organization across the Middle East, Africa, and India, focusing on driving enterprise adoption of the company's award-winning loyalty platform and expanding client partnerships across key markets.

Professional Background

Kumar brings extensive experience from leadership roles at several major organizations:

• Marks & Spencer
• Bata
• Landmark Group
• Al-Futtaim
• The Clermont Group

Throughout his career, he has consistently delivered strong revenue growth and built enduring partnerships across diverse industries. Kumar has also served as a Director and Board Member at Hoan My Medical Corporation, Vietnam's largest private healthcare group.

Strategic Responsibilities

In his new role, Kumar will be responsible for leading Capillary's sales strategy, expanding its client base, and strengthening the company's market presence. His proven track record of delivering results in highly competitive environments positions him to accelerate Capillary's growth in the region.

Management Commentary

Anant Choubey, Co-founder and COO of Capillary Technologies, commented on the appointment: "The Middle East, Africa & India continues to be a strategic region for us, and Sumit's appointment reflects our commitment to furthering our strong momentum here. His leadership and deep understanding of enterprise sales and the MEA & India market will play a crucial role in unlocking new opportunities for Capillary and helping our clients achieve transformative loyalty outcomes."

Kumar expressed his enthusiasm about the new role: "I am excited to take on this opportunity at such a pivotal time for Capillary in the Middle East, Africa & India region. As market dynamics evolve, there is a growing need for brands to rethink how they engage and retain customers. I look forward to working with our exceptional team to deliver unparalleled value to our clients and establish Capillary as the partner of choice for loyalty transformation."

Capillary technologies has announced the granting of 6,563 stock options to eligible employees under its Employee Stock Option Scheme 2021. The grant was approved through a circular resolution by the company's Nomination and Remuneration Committee on April 01, 2026, in compliance with SEBI regulations and listing requirements.

Grant Details and Pricing

The stock options were granted with specific terms designed to incentivize employee retention and performance. Each option provides the right to apply for one equity share with a face value of ₹2.

The exercise price of ₹475 per option represents a significant discount of 19.85% to the fair market value, calculated as the volume weighted average price of shares for 90 days immediately preceding the working day prior to the grant date on the stock exchange with the highest trading volume.

Vesting and Exercise Terms

The granted options follow a structured vesting schedule designed to ensure employee retention and alignment with company objectives. The vesting period spans four years, subject to fulfillment of conditions specified in individual grant letters.

Employees have flexibility in exercising their vested options, with the exercise window extending to either 10 years from the date of vesting or 12 years from the company's listing date, whichever occurs later. In cases of resignation, all vested options remain exercisable for one year from the employee's last working day.

Regulatory Compliance

The stock option grant complies with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI Listing Regulations, ensuring transparency for stakeholders.

The announcement was signed by Gireddy Bhargavi Reddy, Company Secretary and Compliance Officer, and the information has been made available on the company's investor relations website. This ESOP grant represents part of Capillary Technologies' ongoing employee incentive strategy to attract and retain talent in the competitive technology sector.