Kairosoft AI Solutions Limited held its 44th Annual General Meeting on August 29, 2026, to approve financial statements and board appointments for FY26.

The meeting was conducted via video conferencing, with 65 members attending. Shareholders approved several ordinary and special resolutions concerning governance and capital structure.

Key Resolutions Approved

Members adopted the standalone audited financial statements for the year ended March 31, 2026. The Board of Directors' report and the Auditors' report were also taken on record.

Governance Changes

The shareholders approved the reappointment of Santosh Kumar Kushawaha as a director. He retires by rotation and offered himself for re-appointment.

Additionally, members passed a special resolution to change the designation of Deva Ram from Executive Director to Managing Director and fix his remuneration.

Related Party Transactions

The AGM approved material related-party transactions with Hrihana Homes for FY26. Interested directors, including Santosh Kumar Kushawaha and Deva Ram, were restrained from voting on relevant resolutions.

Capital Structure Updates

Shareholders approved the sub-division of equity shares from a face value of ₹10 to ₹1 per share. This was accompanied by an alteration to Capital Clause "V" of the Memorandum of Association.

Meeting Proceedings

Harshal Kumar Agarwal, Company Secretary, welcomed attendees. The statutory auditor's report was presented. Sumit Bajaj served as the scrutinizer for e-voting.

A question-and-answer session allowed pre-registered shareholders to raise queries. Santosh Kumar Kushawaha responded to member questions before concluding the meeting.

Kairosoft AI Solutions Limited published newspaper advertisements for the addendum to its 44th annual general meeting (AGM) notice on August 20, 2026. The addendum, which forms an integral part of the original notice dated August 6, 2026, was circulated to shareholders ahead of the meeting scheduled for August 29, 2026.

The publication confirms that the Board of Directors approved the stock split and subsequent alteration to the Memorandum of Association (MOA) in its meeting held on August 18, 2026. These resolutions are listed as special business items in the AGM addendum and require shareholder approval via ordinary resolution under Sections 13, 61, and 64 of the Companies Act, 2013.

Revised Capital Structure

Under the proposed resolution, the authorized share capital will increase from ₹19 crore to ₹21 crore. This involves introducing a new class of preference shares alongside the existing equity shares. The aggregate amount of authorized capital will rise by ₹2 crore to reach ₹21 crore.

The issued, subscribed, and paid-up share capital remains unchanged at 11,82,956 equity shares pre-split, adjusting to 1,18,29,560 shares post-split. The explanatory statement clarifies that the sub-division is an arithmetic exercise intended to improve liquidity without diluting existing shareholding percentages.

Stock Split and Rights Issue Context

The capital clause alteration is consequential to the stock split approved by the Board on August 18, 2026. The split subdivides one equity share of face value ₹10 into ten equity shares of face value ₹1 each. Management stated this move aims to enhance market accessibility and make shares more affordable for small investors.

Alongside the split, the board had previously approved raising up to ₹49.5 crore through a rights issue of equity shares to eligible shareholders. The terms and conditions for the rights issue are to be decided by the Board or the Rights Issue Committee, with the draft letter of offer filed with BSE Limited for in-principle approval. The proceeds from the rights issue are intended to support future growth initiatives.

Regulatory Approvals Required

The alteration of the MOA requires the approval of members via an ordinary resolution. The addendum notes that none of the directors or key managerial personnel have any financial interest in the resolution. Upon approval, the company will execute necessary documents with stock exchanges and depositories to implement the changes. The record date for the stock split will be fixed by the Board after obtaining all requisite statutory approvals.