Excelsoft Technologies Limited has notified the stock exchanges of an upcoming Board of Directors meeting, scheduled for Friday, May 22, 2026. The intimation, dated May 12, 2026, was filed pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The board will convene to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.

Board Meeting Details

The key details of the scheduled board meeting are outlined below:

Trading Window Closure

In continuation of the company's earlier intimation dated March 24, 2026, Excelsoft Technologies has also informed exchanges about the trading window closure in compliance with the Code of Conduct for Prevention of Insider Trading. The trading window for dealing in the securities of the company shall remain closed until 48 hours after the declaration of the financial results, as per the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended.

This closure is applicable to:

• All designated persons of the company
• Their immediate relatives
• Insiders who have been duly informed of the same

Signatory and Company Details

The regulatory filing was signed by S M Adithya Jain, Company Secretary, Chief Compliance Officer, and Chief Investor Relations Officer (ICSI Membership No.: A49042), based in Mysuru. The company, formerly known as Excelsoft Technologies Private Limited, is headquartered at 1-B, Hotagalli Industrial Area, Mysuru - 570 018, Karnataka, India, and maintains additional offices in Hyderabad and Noida. Investors can access further information on the company's investor relations page at https://www.excelsoftcorp.com/investors/ .

Excelsoft Technologies Limited has issued a comprehensive postal ballot notice dated April 29, 2026, seeking member approval for critical governance and remuneration matters through remote e-voting. The company has outlined four key resolutions requiring shareholder consent, encompassing director appointments and executive compensation revisions.

Key Resolutions for Member Approval

The postal ballot covers four distinct resolutions that will shape the company's leadership structure and compensation framework:

Director Appointment and Leadership Changes

The company proposes to appoint Dr. Jayakumar Karuppusamy (DIN: 03615535) as a Non-Executive Independent Director for a five-year term from March 10, 2026, to March 09, 2031. Dr. Karuppusamy brings extensive experience as a senior IAS officer from the 1987 batch with over two decades of distinguished service. He holds a Ph.D. in Mechanical Engineering from IIT Kharagpur, an M.Tech in Manufacturing Technology, and a PG Diploma in Business Management from IIM Bangalore.

His expertise spans policy formulation, programme implementation, tourism development, skill development, science and technology promotion, and governance reforms. The Nomination and Remuneration Committee has recommended his appointment based on his diverse skills and experience that will bring immense value to the Board.

Executive Remuneration Revisions

The company seeks approval for significant remuneration increases for key executive positions, reflecting their expanded responsibilities and performance contributions.

Chairman and Managing Director Compensation

Dhananjaya Sudhanva's remuneration package proposes an increase to not exceeding ₹4,80,00,000 per annum as basic salary, representing a substantial revision from the current ₹2,40,00,000 per annum. The enhanced package includes:

• Fixed salary component with provident fund, pension fund, and gratuity benefits
• Various allowances including Leave Travel Allowance, House Rent Allowance, and company-leased car and accommodation
• Corporate club memberships, insurance coverage, and medical benefits
• Full reimbursement for telecommunication facilities and home office technological upgrades
• Provision of chauffeur-driven vehicles for business and personal use

Whole Time Director Compensation

Shruthi Sudhanva's remuneration ceiling increases to ₹1,50,00,000 per annum from the current ₹36,00,000 per annum. This revision acknowledges her enhanced responsibilities in human resource management, including HR policy formulation, employee engagement initiatives, and retention strategies. Her expanded role encompasses strategic planning, market intelligence, and new business initiatives.

Chief Innovations Officer Compensation

Adarsh Sudhindratheertha Mysore's remuneration framework establishes a range from ₹75,00,000 to ₹1,50,00,000 per annum, compared to his current compensation of ₹45,25,920 per annum. As Chief Innovations Officer, he plays a vital role in the company's technology roadmap and global expansion initiatives.

E-Voting Process and Timeline

The remote e-voting process provides members with convenient access to participate in the decision-making process:

Members whose names appear in the Register of Members or list of beneficial owners as of the cut-off date April 24, 2026, are eligible to vote. The notice is being sent electronically to members with registered email addresses, and physical copies are not being distributed in compliance with MCA circulars.

Financial Performance Context

The remuneration revisions are proposed against the backdrop of strong financial performance. For the financial year 2024-25, the company reported turnover of ₹23,302.67 lakhs, profit before tax of ₹5,885.12 lakhs, and profit after tax of ₹3,405.23 lakhs on a standalone basis.

The Nomination and Remuneration Committee has considered the company's financial position, industry trends, appointees' qualifications, experience, and past performance while recommending these remuneration packages. The committee aims to strike a balance between company interests and shareholder value while ensuring retention of key managerial talent.

The postal ballot notice emphasizes the company's commitment to transparent governance practices and provides detailed explanatory statements for each resolution to enable informed decision-making by members.