CG-Vak Software & Exports has strengthened its Board composition by appointing three new Independent Directors effective August 5, 2026. The Board of Directors, meeting on August 5, 2026, approved the appointments of Vasudevan Kidambi, S. Muthukumar, and Mani Ravindran as Additional Directors in the capacity of Non-Executive, Independent Directors. Additionally, the Board proposed the appointment of A. Sankar as an Independent Director with effect from September 28, 2026, pending shareholder approval at the company’s ensuing General Meeting.

The appointments were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. All four appointees have been cleared for their roles, with disclosures confirming they are not related to any existing Director of the Company or its Subsidiaries and are not debarred from holding office by SEBI or any other authority.

New Appointees Profile

The newly appointed directors bring diverse expertise in business transformation, logistics, retail distribution, and banking. Their terms are set for five consecutive years until the conclusion of the 36th Annual General Meeting (AGM), subject to shareholder ratification.

Strategic Expertise Added

Vasudevan Kidambi joins with over three decades of experience in corporate strategy, governance, and digital transformation across India, the Middle East, Africa, and international markets. His expertise includes ESG sustainability, risk management, and leadership development.

S. Muthukumar brings more than 30 years of experience in warehousing businesses, with specialized knowledge in general management, finance, accounting, and logistics.

Mani Ravindran contributes 40 years of experience in retail distribution, institutional sales, and supply chain management within the FMCG, consumer electronics, and telecom sectors.

A. Sankar, a retired Indian Bank Manager, offers extensive knowledge in the financial and banking sectors, specializing in general management, accounting, and finance.

Regulatory Compliance

The Company Secretary, Harcharan J (M.No. F13586), confirmed that all necessary disclosures have been submitted to the BSE Limited. The appointments aim to enhance board diversity and governance capabilities, aligning with regulatory requirements for independent director representation.

CG-VAK Software and Exports Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company reported a net profit of ₹912.19 lakh for the financial year, compared to ₹891.74 lakh in the previous year. Revenue from operations for the year stood at ₹5,809.63 lakh, an increase from ₹5,400.73 lakh in the prior year.

For the quarter ended March 31, 2026, the company reported a net loss of ₹13.93 lakh. Revenue from operations for the quarter was ₹1,445.81 lakh. The financial results include an exceptional item of ₹235.97 lakh, attributed to the impact of new Labour Codes notified by the Government of India.

The board of directors, at its meeting held on May 22, 2026, approved the audited financial statements and recommended a dividend of ₹1 per equity share of ₹10 each. This dividend, representing 10% of the face value, is subject to the approval of shareholders at the ensuing Annual General Meeting.

Financial Performance

The company's total income for the year increased to ₹5,936.77 lakh from ₹5,500.07 lakh in the previous year. Total expenses for the year rose to ₹4,454.40 lakh. The basic earnings per share (EPS) for the year stood at ₹18.06, compared to ₹17.66 in the prior year.

Consolidated Results

On a consolidated basis, the company reported a net profit of ₹949.62 lakh for the year ended March 31, 2026, compared to ₹926.96 lakh in the previous year. Consolidated revenue from operations was ₹7,437.52 lakh, down from ₹7,703.92 lakh in the prior year. The consolidated financial results also include the same exceptional item of ₹235.97 lakh related to the Labour Codes.

The statutory auditors, M/s. SPP & Co, Chartered Accountants, have issued an unmodified opinion on the standalone and consolidated financial results. The company confirmed it is not a Large Corporate as per SEBI circular criteria for the financial year ended March 31, 2026.