Excelsoft Technologies Limited shareholders have approved the appointment of Dr. Jayakumar Karuppusamy as a Non-Executive Independent Director and sanctioned remuneration for top executives, including the Chairman and Managing Director, through a postal ballot process concluded on May 29, 2026. The resolutions, which required shareholder consent under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, secure leadership compensation and governance structure for the company.

The postal ballot sought approval for four key resolutions. Dr. Jayakumar Karuppusamy (DIN: 03615535) was appointed as a Non-Executive Independent Director for a term of five consecutive years effective from March 10, 2026, to March 09, 2031. Shareholders also approved the remuneration for Mr. Dhananjaya Sudhanva, Chairman and Managing Director (DIN: 00423641), and Mrs. Shruthi Sudhanva, Whole Time Director (DIN: 06426159). Additionally, members sanctioned the holding of an office or place of profit and remuneration for Mr. Adarsh Sudhindratheertha Mysore, Chief Innovations Officer.

Voting Results

The remote e-voting process commenced on April 30, 2026, and concluded on May 29, 2026. Padmavathi and Vijayesh Associates LLP served as the scrutinizer for the process. A total of 77,507 shareholders were on record as of April 24, 2026. The resolutions were passed with the requisite majority, though the resolution regarding the Chief Innovations Officer saw significant opposition from public institutions.

Remuneration Details

The remuneration approved for Mr. Dhananjaya Sudhanva includes a fixed salary not exceeding ₹4,80,00,000 per annum, along with perquisites such as club memberships, personal accident and group life insurance, and medical reimbursements. The package also provides for a minimum remuneration payable even in years of inadequate profit. Mrs. Shruthi Sudhanva was approved a fixed salary not exceeding ₹1,50,00,000 per annum with similar benefits and minimum remuneration protections.

For Mr. Adarsh Sudhindratheertha Mysore, shareholders approved a remuneration range between ₹75,00,000 and ₹1,50,00,000 per annum. This resolution was classified as a Related Party Transaction under Section 188 of the Companies Act, 2013, and required approval via an ordinary resolution. Public institutions voted largely against this resolution, with 73.16% of institutional votes cast opposing it.

excelsoft technologies announced that Chief Financial Officer and Key Managerial Personnel Subramaniam Ravi has resigned from his position, effective from the close of business on August 31, 2026. The resignation, communicated via a letter dated June 01, 2026, stems from health reasons and the executive's decision to devote more time to his family's well-being. The company has accepted the resignation and acknowledged Ravi's contributions during his tenure.

The management recorded its appreciation for the services provided by Ravi during his association with the firm. In his resignation letter, Ravi confirmed there are no material reasons for his departure other than the personal health and family circumstances cited. He expressed gratitude to the Board and the team for the trust and support extended over his 14 years of service.

Excelsoft Technologies is currently in the process of identifying a suitable candidate for the position of Chief Financial Officer, who will also be designated as a Key Managerial Personnel. The company stated that it will inform the stock exchanges regarding the appointment in due course. The transition will be managed during the notice period to ensure continuity in financial operations.

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The event details were recorded at 16:45 (IST) on June 01, 2026. The information is also available on the company's investor relations website.