Excelsoft Technologies Limited has formally submitted its initial disclosure to stock exchanges, confirming its non-Large Corporate status for the financial year ended March 31, 2026. The disclosure was made to both BSE Limited and National Stock Exchange of India Limited in compliance with SEBI regulatory requirements.

## Regulatory Compliance and SEBI Circular Requirements

The submission was made pursuant to Securities and Exchange Board of India (SEBI) Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and SEBI/HO/DDHS/DDHS-RACPODI/P/CIR/2023/172 dated October 19, 2023. These circulars pertain to fund raising by issuance of debt securities by large entities and establish criteria for determining Large Corporate status.

The company confirmed that it does not meet the applicability criteria mentioned in clause 2.2 of the SEBI Circular dated November 26, 2018, Clause 1.2 of Chapter XII of the circular dated August 10, 2021, and Clause 3.2 of the circular dated October 19, 2023.

## Financial Position and Corporate Details

As part of the mandatory disclosure format prescribed in Annexure A, Excelsoft Technologies Limited provided key financial and corporate information:

The company reported NIL outstanding borrowings as of March 31, 2026, and indicated that it has no credit rating from any credit rating agency during the previous financial year.

## Corporate Authorization and Documentation

The disclosure was digitally signed by two key officials of the company on April 02, 2026. S M Adithya Jain, serving as Company Secretary, Chief Compliance Officer, and Chief Investor Relations Officer (ICSI Membership No.: A49042), signed the document at 14:19:59 +05'30'. Subramaniam Ravi, the Chief Financial Officer (ICAI Membership No: 208620), provided his digital signature at 13:22:34 +05'30'.

The company operates from its registered office at 1-B, Hootagalli Industrial Area, Mysuru - 570 018, Karnataka, India, and maintains additional offices in Kuvempunagar (Mysuru), Hyderabad, and Noida. Excelsoft Technologies Limited was formerly known as Excelsoft Technologies Private Limited and operates under the technology sector with CIN L72900KA2000PLC027256.

## Implications of Non-Large Corporate Status

By confirming its non-Large Corporate status, Excelsoft Technologies Limited indicates that it falls below the threshold criteria established by SEBI for large corporate entities. This classification affects the company's obligations regarding debt securities issuance and compliance requirements under the regulatory framework established by the Securities and Exchange Board of India.

Excelsoft Technologies Limited has submitted an additional investor presentation to stock exchanges, addressing how artificial intelligence serves as a growth catalyst rather than a business threat. The presentation, titled "Why AI is a Growth Lever for Excelsoft, Not a Structural Threat," supplements the company's earlier Q3 & 9M FY26 investor materials.

Regulatory Filing Details

The company filed the intimation on April 01, 2026, at 12:19 IST under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This additional presentation will be used alongside previously submitted materials during analyst meetings and stakeholder engagements.

Strategic AI Positioning

The presentation addresses recurring investor concerns about AI's potential negative impact on software and IP-led businesses. Chief Innovation Officer Adarsh Sudhindra emphasizes that Excelsoft differs structurally from typical IT companies, creating value through the intersection of domain depth, workflow ownership, product IP, trust, governance, and execution capability in the education and assessment sector.

Unlike companies that treat AI as surface-layer features, Excelsoft has adopted a full-stack AI approach. The company invested in NVIDIA A6000 GPUs and built internal GPU infrastructure, developing capabilities across infrastructure, model deployment, fine-tuning, orchestration, applications, and governance.

Operational AI Achievements

The company's AI strategy has delivered measurable results across product development and internal operations:

The four launched products include:

• AI-levate App Suite
• Saras SchoolAI
• Saras Assessments in-a-Box
• CareerSPARC

Internal Technology Impact

Excelsoft has enabled its proprietary Excelsoft GPT for 1,112 employees using internal GPU hardware. The company has integrated AI tools across its software development lifecycle, including Cursor, Lovable, Figma, and ElevenLabs.

Significant engineering improvements include:

• Millions of lines of code reduced through AI-assisted optimization
• Database footprint reduced by over 60%
• Substantial simplification through schema redesign and elimination of redundancy
• Reduction of hundreds of tables and stored procedures

Revenue and Efficiency Enhancement

The presentation outlines how AI enables stronger economics and broader growth opportunities. On the revenue side, AI allows the company to enhance existing products, build new AI-first offerings, support customer AI workloads on dedicated infrastructure, and expand into adjacent areas like edge AI.

For cost and delivery efficiency, AI reduces development effort, improves speed-to-market, enhances engineering consistency and quality, and lowers technical debt while simplifying architecture.

Governance as Competitive Advantage

In the education and assessment sector, the company emphasizes that AI deployment requires strict attention to reliability, fairness, explainability, privacy, and governance. Excelsoft positions its focus on responsible AI and disciplined product development as a commercial differentiator rather than merely a compliance requirement.

The presentation concludes that AI strengthens Excelsoft's growth quality, margin profile, and strategic relevance rather than weakening its business model, distinguishing it from commodity coding businesses through its domain-led product and workflow approach in a trust-intensive sector.