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.

Cranes Software International shareholders will vote via postal ballot on the appointment of Manoj Bawa as an Independent Director, a move aimed at strengthening the company’s governance framework with seasoned financial and strategic leadership. The Board of Directors, acting on the recommendation of the Nomination and Remuneration Committee, has proposed Bawa’s appointment for a five-year term commencing on May 30, 2026. This appointment is subject to shareholder approval through a special resolution passed via remote e-voting, reflecting the company’s commitment to regulatory compliance under Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The remote e-voting period commenced on August 10, 2026, at 9:00 A.M. (IST) and concludes on September 8, 2026, at 5:00 P.M. (IST). Shareholders holding shares as of the record date, August 7, 2026, are eligible to cast their votes. Mehul Jain & Associates, Company Secretaries, have been appointed as the Scrutinizer to ensure a fair and transparent voting process. The results of the postal ballot are scheduled to be announced on or before September 10, 2026, at 11:00 P.M. (IST), after which they will be intimated to BSE Limited and uploaded on the company’s website and the Central Depository Services (India) Limited (CDSL) platform.

Manoj Bawa (DIN 01282046), aged 63, brings over 35 years of global experience in finance, corporate strategy, mergers and acquisitions, and enterprise transformation. A Chartered Accountant, Bawa most recently served as Global CFO and Whole-Time Director at ISG Novasoft Technologies Limited (ISGN), where he led enterprise finance, legal, governance, and strategic planning across global entities. His prior roles include India CFO at Cisco Systems, Senior Director – Finance & Operations at McAfee, and Group CFO at Avesthagen. He also founded Lighthouse Consulting, advising startups and SMEs.

Bawa has submitted a declaration confirming his independence under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI Listing Regulations. He has confirmed that he is not disqualified under Section 164 of the Act and has no inter-se relationship with other Board members or Key Managerial Personnel. The Board evaluated his integrity, expertise, and experience, concluding that his appointment would be beneficial to the company. His skills in corporate finance, fundraising, and M&A align with the strategic requirements of the Independent Director role.

Governance and Voting Process

The postal ballot notice was issued pursuant to Regulation 30 of the SEBI Listing Regulations and Section 110 of the Companies Act, 2013. The company emphasized that the e-voting facility is available to all demat account holders through a single login credential via their Depositories or Depository Participants, aiming to enhance participation efficiency. Individual shareholders holding securities in demat mode can vote through CDSL or NSDL platforms, while physical shareholders and non-individual entities must use the CDSL e-Voting system at www.evotingindia.com .

Mueed Khader, Director of Cranes Software International Limited, signed the notice dated August 8, 2026, from Bengaluru. The company stated that none of its Directors, Key Managerial Personnel, or their relatives have any interest in the resolution. Relevant documents, including the explanatory statement and terms of appointment, are available for inspection at the registered office during business hours until the last date of remote e-voting.