Capricorn Systems Global Solutions Limited has reconstituted its Board of Directors, appointing a new Managing Director and two additional independent directors following the resignation of two existing independent directors. The company also announced the schedule for its 41st Annual General Meeting (AGM).

The Board meeting held on September 2, 2026, approved several key governance changes subject to shareholder approval at the upcoming AGM.

Board Appointments and Resignations

The company appointed Mr. Manmohan Rao Suddhala as Managing Director for a one-year term from October 1, 2026, to September 30, 2027. Mr. Suddhala, an engineering graduate with over 49 years of managerial experience across textiles, paper, and software services, holds 6.42% of the company’s shares (17,95,223 equity shares).

Two independent directors resigned effective September 2, 2026:

• Mrs. Lakshmi Gurram
• Mr. Kollu Venkata Srinivasa Rao

Both cited personal and professional commitments as reasons for their departure and confirmed no other material reasons for resignation.

To replace them, the Board appointed:

• Mr. Kondaipally Vamshi Krishna, a practicing advocate with expertise in corporate and regulatory matters.
• Mr. Nageswara Rao Parimi, a professional with experience in real estate development and business management.

Both will serve as Non-Executive Independent Directors for five-year terms starting September 2, 2026.

Additionally, Mrs. Vuddaraju Triveni was re-appointed as an Independent Director for a second five-year term beginning September 3, 2026.

Committee Reconstitution

The newly appointed directors have been assigned to key board committees:

AGM and Secretarial Audit

The 41st AGM is scheduled for Tuesday, September 29, 2026, at 11:00 am via video conferencing or other audio-visual means (VC/OAVM). The Register of Members and Share Transfer Books will remain closed from September 23 to September 29, 2026.

The cut-off date for determining eligibility to vote is September 22, 2026. Remote e-voting commences on Saturday, September 26, 2026, at 9:00 am and ends on Monday, September 28, 2026, at 5:00 pm. CDSL will provide e-voting facilities, while M/s. MVK & Associates has been appointed as Scrutinizer for the e-voting process and as Secretarial Auditors for five years (FY27 to FY31).

Capricorn Systems Global Solutions submitted a revised Annual Report and Notice of the 41st Annual General Meeting (AGM) to the Bombay Stock Exchange on September 5, 2026. The company stated that the revision was made solely to rectify typographical errors in the previously issued notice, with all other contents remaining unchanged.

The 41st AGM is scheduled for September 29, 2026, at 11:00 am via video conferencing. Shareholders holding shares as on the record date of September 22, 2026, are eligible to vote. The e-voting period runs from September 26 to September 28, 2026. The register of members will remain closed from September 23 to September 29, 2026.

Key Agenda Items

The AGM agenda includes several ordinary and special resolutions:

• Adoption of audited financial statements for FY26.
• Reappointment of Manmohan Rao Suddhala as Managing Director for one year, without remuneration.
• Reappointment of Mrs. Vuddaraju Triveni as an Independent Director for a second five-year term.
• Appointment of M/s. MVK & Associates as Secretarial Auditors for five years.
• Appointment of Mr. Kondaipally Vamshi Krishna and Mr. Nageswara Rao Parimi as Independent Directors.

Financial Context

The annual report covers FY26, during which the company reported a net profit of ₹18.17 lakh, a turnaround from a net loss of ₹91.08 lakh in FY25. Total revenue surged to ₹29.04 crore, driven primarily by agricultural commodities trading. The company also completed a rights issue of 2.40 crore equity shares in February 2026.

Governance Updates

Mr. Manmohan Rao Suddhala, who holds a 6.42% stake, continues as Managing Director without remuneration. The board has reconstituted its Audit, Nomination & Remuneration, and Stakeholders Relationship Committees, with Nageswara Rao Parimi serving as chairman across all three. M/s. SNMR & Associates served as statutory auditors for FY26.

What the Numbers Show

The revised notice confirms the governance structure supporting the company’s operational pivot. With agri-commodities contributing 96.3% of revenue in FY26, the appointment of directors with expertise in legal advisory and business management aligns with the scale-up of this high-volume, low-margin segment.