Shareholders of Cranes Software International have approved the appointment of Manoj Bawa as an independent director. The resolution was passed as a special resolution following a remote e-voting process conducted between August 10 and September 8, 2026.

The voting results were declared on September 9, 2026, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mehul Jain & Associates served as the scrutinizer for the process, which was facilitated by Central Depository Services (India) Limited.

Voting Breakdown

The appointment received overwhelming support from equity shareholders holding shares as of the cut-off date of August 7, 2026. The detailed voting statistics are outlined below:

A total of 87 members voted in favour of the resolution, while seven members voted against it. No invalid votes were recorded during the e-voting period.

Governance Compliance

The company confirmed that the voting process adhered to Sections 108 and 110 of the Companies Act, 2013, along with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. The unblocking of votes occurred in the presence of two independent witnesses, Nikunj Jain and Lavish R Singhvi.

Director Mueed Khader authorized the disclosure, noting that the scrutinizer’s report and voting results are available on the company’s website.

Cranes Software International has scheduled its 41st Annual General Meeting for September 30, 2026. The company announced the notice on September 7, 2026, outlining key corporate governance actions including the reappointment of its leadership.

The meeting will be held through Video Conferencing or Other Audio Video Means (OAVM). The register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026, to determine eligibility for the meeting.

Key Dates

Board Resolutions

Shareholders will vote on several special business items during the AGM. The primary resolution seeks approval for the reappointment of Mr. Asif Khader as Managing Director and Chairman for a further period of five years, commencing from September 7, 2026, up to September 6, 2031.

Another significant item is the redesignation of Ms. Akthar Begum from Independent Director to Non-Executive, Non-Independent Director, effective August 12, 2026. This change follows her completion of the maximum permissible tenure as an Independent Director. Her continuation is sought notwithstanding that she will attain the age of 74 years during her tenure.

The shareholders will also approve related party transactions with a total value of ₹50.75 crore. These transactions involve receivables and payables with various subsidiaries and entities where directors hold positions.

Related Party Transactions

The approved transactions include dealings with Proland Software Pvt Ltd, Analytix Systems Pvt Ltd, Caravel Info Systems Pvt Ltd, Systat Software Asia Pacific Ltd., Cranes Varsity Pvt Ltd, Systat Softwares Inc, and Systat Software UK Ltd. The largest single transaction is a receivable of ₹31.66 crore from direct subsidiary Systat Softwares Inc.

Director Profiles

Mr. Asif Khader, who has been associated with the software business for 35 years, holds 4,10,02,500 equity shares in the company. He is an expert in Information Technology and Business Management. His last drawn remuneration was nil, and the proposed remuneration is as per the appointment letter. He attended all six board meetings during FY25-26.

Ms. Akthar Begum, a practicing lawyer with over 20 years of experience in Karnataka courts, will serve as a Non-Executive and Non-Independent Director. She holds no shares in Cranes Software International but serves as a director in several related entities, including Starcom Information Technology Limited, where she chairs the Audit and Nomination & Remuneration Committees.