Exato Technologies Limited has appointed Dr. Milind Raman Godbole as its Non-Executive Non-Independent Director following approval from shareholders through a remote e-voting process. The special resolution to appoint Dr. Godbole and approve his remuneration was passed with 100% of the votes polled in favour, as detailed in the scrutinizer's report submitted to BSE Limited.

The postal ballot was conducted via remote e-voting from Friday, May 1, 2026, at 09:00 a.m. to Saturday, May 30, 2026, at 05:00 p.m. A total of 27 members participated, casting 79,48,285 valid votes. No votes were cast against the resolution, and no invalid votes were recorded during the process. The resolution was deemed passed on May 30, 2026, the last date for receipt of votes.

Voting Breakdown

The voting results were scrutinized by CS Nirbhay Kumar of Nirbhay Kumar & Associates, who was appointed as the scrutinizer by the board on April 29, 2026. The table below details the voting participation across different shareholder categories:

Procedural Details

The record date for determining eligibility was April 24, 2026, with 459 shareholders registered on that date. The notice for the postal ballot was sent to members whose names appeared in the Register of Members or the list of beneficial owners as on the cut-off date. The e-voting facility was provided by KFin Technologies Limited through its designated platform.

The appointment of Dr. Milind Raman Godbole (DIN: 00471609) is effective following the requisite majority approval. The company stated that no physical copies of the postal ballot notice were dispatched, in accordance with exemptions granted by Ministry of Corporate Affairs circulars.

Exato Technologies Limited reported a 70.3% year-on-year increase in net profit for the financial year ended March 31, 2026, reaching ₹1,608.73 lacs, compared to ₹944.90 lacs in the previous year. Revenue from operations for the year stood at ₹16,658.10 lacs, a 35% rise from ₹12,336.65 lacs in FY25. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in a meeting held on May 29, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a profit of ₹435.11 lacs, down from ₹487.29 lacs in the same quarter of the previous year. Revenue for the quarter increased to ₹6,077.34 lacs from ₹5,786.72 lacs. The statutory auditors, M/s Arora Prem and Associates, issued an unmodified opinion on the financial results. The company completed its Initial Public Offer (IPO) during the year, raising ₹3,745 lacs, with shares listed on the BSE SME platform on December 5, 2025.

Board Appointments and Decisions

The board made several key management appointments effective June 1, 2026. Mr. Sadanand Muralidharan was appointed as Chief AI Officer designated as Senior Management Personnel, and Mr. Gopinath P Bailur was elevated from Chief Technology Officer to Chief Operating Officer. Additionally, M/s Nirbhay Kumar & Associates were appointed as Secretarial Auditor and M/s Cohort Ventures LLP as Internal Auditor for FY26-27. The board decided not to recommend any dividend for the year, opting to retain profits for expansion initiatives.

Fund Utilization and Compliance

The company utilized ₹1,644.86 lacs of the total net IPO proceeds of ₹3,430 lacs towards funding working capital, product development, and repayment of borrowings. The unutilized amount of ₹1,785.14 lacs has been invested in short-term bank fixed deposits or kept in a dedicated account. The trading window, closed since April 1, 2026, will remain shut until 48 hours after the declaration of financial results in compliance with SEBI regulations.