Kratikal Tech Ltd has approved the incorporation of a wholly owned subsidiary in the United States, marking a strategic step in its global expansion. The new entity, tentatively named Kratikal AI Inc. or Kratikal Inc., will operate as a Special Purpose Vehicle focused on cybersecurity solutions and information security services.

The decision was taken during the Board of Directors' meeting held on September 23, 2026. The subsidiary will be incorporated in Delaware, subject to approval by the Secretary of State. The company stated that this move aligns with its business diversification strategy and aims to strengthen its capabilities in providing cybersecurity services internationally.

Subsidiary Structure and Capital

The proposed US entity will be a direct wholly owned subsidiary of Kratikal Tech. The company plans to subscribe to 100% of the initial paid-up share capital, making it a related party upon incorporation. The authorized capital is yet to be determined based on prevailing laws in the United States. Since the entity is not yet incorporated, its turnover is currently not applicable.

Governance and Audit Appointments

In addition to the international expansion, the Board reconstituted the Nomination and Remuneration Committee. Mr. Sanjeev Kumar Sinha, an Independent Director, was appointed as Chairman. The committee also includes Independent Directors Mr. Anand Raman Lal Karwa and Ms. Shubhi Kesarwani, along with Chairman and Managing Director Mr. Pavan Kumar.

The Board approved the appointment of Mittal V Kothari & Associates as the Secretarial Auditor and MSMK & Co., Chartered Accountants as the Internal Auditor for the financial year 2026-27. These appointments were made on the recommendation of the Audit Committee.

Strategic Implications

The establishment of a US-based subsidiary signals Kratikal Tech's intent to penetrate the North American cybersecurity market. By operating through a Delaware-incorporated entity, the company positions itself to navigate regulatory frameworks specific to the region while maintaining full control over operations. The move underscores a shift from domestic-centric operations to a broader global footprint in the technology security sector.

Kratikal Tech concluded its 13th Annual General Meeting on August 31, 2026, with shareholders unanimously approving all six proposed resolutions. The meeting saw full support for the ratification of the employee stock option plan and the appointment of new leadership.

The AGM commenced at 10:00 am and concluded at 10:33 am. Pavan Kumar, Chairman, Managing Director and CEO, chaired the proceedings. Seven members were present, satisfying the quorum requirements under Section 103 of the Companies Act, 2013. Remote electronic voting was facilitated by National Securities Depository Limited for members who had not voted prior to the meeting.

Voting Results

According to the consolidated scrutinizer’s report by Shivani Sah & Associates, all resolutions received 100% of the valid votes cast. A total of 34 members voted in favour, representing 7,494,182 shares. No votes were recorded against any resolution, and there were no invalid votes. The remote e-voting period remained open from August 27, 2026, at 9:00 am until August 30, 2026, at 5:00 pm.

Key Resolutions Passed

Shareholders approved three ordinary resolutions and three special resolutions during the meeting. The ordinary business included the adoption of audited standalone and consolidated financial statements for FY26. Additionally, shareholders re-appointed Paratosh Kumar as Whole-Time Director, who was liable to retire by rotation.

Under special business, the company secured approval for the following:

• Ratification of the Kratikal Employee Stock Option Plan 2019, amended per SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
• Ratification of ESOP grants to employees of group companies, including subsidiaries and associates
• Appointment of Dip Jung Thapa as Executive Director

Board and Management Attendance

The board and key managerial personnel attended the meeting via video conference. Alongside Pavan Kumar, attendees included Whole-Time Director Paratosh Kumar and Independent Directors Anand Ramanlal Karwa and Sanjeev Kumar Sinha. Chief Financial Officer Vinay Singh and Company Secretary Anmol Gupta were also present.

Ankur Tayal, representing statutory auditor ATK & Associates, attended to oversee the process. Ms. Shivani Sah served as the scrutinizer for the AGM. No shareholder requests for speaker registration were received, and the Chairman addressed members on the business overview and strategic outlook for the financial year ended 2025-26.