Cranes Software International Limited has deferred the consideration and approval of its audited financial results for the financial year ended March 31, 2026, to June 18, 2026. The company cited the need for additional time to complete the review of subsidiary financial statements and incorporate necessary clarifications sought by the Audit Committee to ensure accuracy. The board meeting, held on May 30, 2026, also resulted in the appointment of Mr Manoj Bawa as a Non-Executive Independent Director for a term of five years, subject to shareholder approval.

The deferral follows a review process where the Audit Committee sought specific clarifications and reconciliations regarding the financial statements of the company's subsidiaries. The board determined that additional time was required to finalize the consolidated financial statements. Consequently, the submission of the audited financial results to the stock exchanges has been postponed until June 18, 2026.

Mr Manoj Bawa was appointed as an Additional Director designated as Non-Executive Independent Director effective May 30, 2026. A Chartered Accountant with over 35 years of experience, Mr Bawa has held multiple CFO and board-level leadership roles across technology, consulting, healthcare, fintech, and manufacturing sectors. His appointment is subject to the approval of the shareholders.

Following the appointment, the board reconstituted its committees to comply with the Companies Act, 2013, and SEBI (LODR) Regulations, 2015. Mr Bawa has been inducted into the Audit Committee and the Nomination and Remuneration Committee as a member.

Board Committee Composition

Cranes Software International Limited has announced that its postal ballot resolution for the appointment of Mr. Manoj Bawa (DIN: 01282046) as a Non-Executive Independent Director for a term of five years has not been passed by the members with the requisite majority. The result was declared on May 11, 2026, following the conclusion of the remote e-voting process conducted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process and Timeline

The company issued a Postal Ballot Notice dated April 11, 2026, seeking shareholder approval on the resolution. The remote e-voting facility was provided by Central Depository Services (India) Limited (CDSL), and shareholders holding shares as on the cut-off date of Friday, April 3, 2026 were eligible to participate.

Resolution Put to Vote

The sole resolution considered in this postal ballot was the appointment of Mr. Manoj Bawa as a Non-Executive Independent Director, proposed as an Ordinary Resolution. The votes were unblocked on May 11, 2026, in the presence of two witnesses — Nikunj Jain and Lavish R Singhvi — who are not in the employment of the company.

Voting Results

The scrutinizer's report, prepared by Mr. Mehul Jain of Mehul Jain & Associates (ICSI Unique Number: S2025KR1012600), confirmed the following outcome for Resolution No. 1:

Votes Cast in Favour:

Votes Cast Against:

Invalid Votes: NIL

With 89.58% of valid votes cast against the resolution, the appointment of Mr. Manoj Bawa as Non-Executive Independent Director did not receive the requisite majority required for an Ordinary Resolution.

Regulatory Compliance and Disclosures

The voting results and scrutinizer's report have been filed with the Bombay Stock Exchange Limited in accordance with Regulation 44(3) of the SEBI Listing Regulations. The results and report are also being hosted on the company's website at www.cranessoftware.com . The disclosure was submitted by Apeksha Nagori, Compliance Officer and Company Secretary of Cranes Software International, on May 12, 2026. The scrutinizer's report was acknowledged on behalf of the company by Mr. Mueed Khader, Director (DIN: 00106674).