Logica Infoway Ltd. conducted its board meeting on March 13, 2026, at the company's registered office, addressing several key business matters and strategic decisions. The meeting, which commenced at 16:00 P.M. and concluded at 17:16 P.M., covered multiple aspects of corporate governance, financial arrangements, and business expansion initiatives.

Financial Arrangements and Banking Facilities

The board made significant financial decisions to support the company's operational requirements and export activities.

The loan facility approval is subject to execution of necessary documents and completion of customary formalities with ICICI Bank Limited.

Committee Reconstitution and Governance

The board addressed important governance matters through committee reconstitution to ensure regulatory compliance.

Internal Complaints Committee Changes

Following the resignation of Mr. Ankur Bhutani, the board approved the reconstitution of the Internal Complaints Committee (ICC) under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. Mr. Ranveer Sharma, Online Business Head (Delhi Office), was appointed as an Internal Member of the Committee.

Audit Committee Reconstitution

The board approved the appointment of Mrs. Vinita Saraf as a Member of the Audit Committee, ensuring compliance with the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Business Developments

Stock Exchange Migration Discussion

The board considered and discussed the proposed migration from the SME Platform of BSE Limited to the Main Board of the Stock Exchange. The management was advised to examine regulatory requirements and feasibility, subject to obtaining necessary approvals and complying with applicable regulatory requirements.

International Business Expansion

The board approved the company's participation in the GSM Exchange Exhibition at GITEX Dubai, scheduled from December 7, 2026 to December 11, 2026. Mr. Kshitij Goel was authorized to undertake necessary actions including completion of documentation and foreign remittance related formalities.

Additional Matters

The board took note of resolutions passed by the Audit Committee, pursuant to authority delegated at the board meeting held on April 30, 2025, regarding financial working capital facilities approved thereafter. The meeting also addressed other routine matters as part of regular business operations.

Logica infoway Limited has announced the resignation of Mr. Ankur Bhutani from his position as Chief Operating Officer (North) and Key Managerial Personnel. The resignation became effective from February 1, 2026, as the executive decided to pursue career opportunities outside the company.

Resignation Timeline and Process

The resignation process followed a specific timeline that the company has detailed in its regulatory filing:

The company noted that the resignation was communicated through email only, with no separate signed physical resignation letter submitted. Management discussions were initiated upon receipt of the resignation email, including deliberations regarding transition and continuity of responsibilities.

Regulatory Compliance Details

Logica Infoway submitted a revised disclosure following communication from BSE seeking additional details under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155. The company explained that the delay in filing within seven days from the effective date occurred because:

• The resignation was received with retrospective effect
• Information was communicated to the Compliance/Secretarial Department subsequently
• February 15, 2026 was a non-working day (Sunday)
• The Compliance Officer required time to examine applicable regulatory requirements

Key Personnel Information

The regulatory filing provided specific details about the resignation:

Management Response

In the email correspondence, Gaurav Goel acknowledged Mr. Bhutani's contribution to the company, stating that his time at Logica had been valued and that he contributed with commitment and professionalism. The management expressed respect for his decision while noting that he would always be part of the Logica extended family.

Company Commitment

Logica Infoway emphasized its commitment to ensuring compliance with all applicable regulatory requirements and making disclosures in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated it would continue to file disclosures upon receipt of complete and confirmed information.