Logiciel Solutions has scheduled its 15th Annual General Meeting (AGM) for September 25, 2026, to present its financial results for FY26 and seek shareholder approval for key governance matters.

The software development firm reported a profit after tax (PAT) of ₹234.95 crore for the year ended March 31, 2026, down from ₹516.81 crore in FY25. Revenue from operations remained stable at ₹2,073.17 crore, compared to ₹2,090.55 crore in the previous year.

Financial Performance

The decline in profitability was driven by increased employee and operating costs, despite stable revenue. Total income rose slightly to ₹2,268.02 crore from ₹2,119.61 crore, while total expenses jumped to ₹1,935.55 crore from ₹1,404.21 crore.

The Board did not recommend any dividend for FY26, opting to retain resources for future growth initiatives. The company’s IPO proceeds, totaling ₹3,990 crore, remain largely unutilized, with only ₹1,575 crore deployed as of March 31, 2026.

AGM Agenda and Governance

Shareholders will vote on several ordinary and special resolutions at the meeting held at Malhotra Regency in Ludhiana. Key items include:

• Auditor Appointment: Approval of M/s S U V & Co as statutory auditors for five years, filling the casual vacancy left by M/s Raman Chawla & Associates.
• Director Re-appointment: Re-appointment of Mr. Ajay Sharma as Whole-time Director.
• Borrowing Limits: Authorization for borrowing and investment limits up to ₹50 crore each under Section 186 and Section 180(1)(c) of the Companies Act, 2013.
• Related Party Transaction: Approval of remuneration for Ms. Shrish Sharma, Head – Human Resource, up to ₹42 lakh per annum.

Strategic Outlook

The Managing Director noted that while the second half of FY26 was challenging due to client pauses in AI-driven projects, the company has strengthened its position through selective hiring and cost base reduction. The firm has incorporated a wholly-owned subsidiary in the United States and appointed a Vice President of Sales to expand into enterprise accounts.

Central Depository Services (India) Limited will provide remote e-voting facilities from September 22 to September 24, 2026. The cut-off date for voting rights is September 18, 2026.

Logiciel Solutions Limited has clarified to BSE Limited that the delay in disclosing the appointment of Senior Management Personnel was due to an inadvertent interpretational oversight regarding the classification of these roles under Regulation 16 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company, in its letter dated July 16, 2026, stated there was no intention to withhold material information or circumvent regulatory requirements. The clarification follows a discrepancy remark received by the exchange regarding the Corporate Announcement submitted on July 14, 2026.

Board Meeting Outcomes

The Board of Directors, at its meeting held on July 14, 2026, had approved several key strategic initiatives. These included the approval of an investment of USD 10,000 in Logiciel Solutions Inc., USA, to establish a wholly-owned subsidiary. The subsidiary, incorporated in Delaware on June 15, 2026, aims to strengthen the company's presence in the North American market and support its IT Services and IT Staffing business.

Senior Management Appointments

The meeting also took note of the appointments of Mr. Anshul Sharma as Vice President — Sales and Mr. Ram Prakash Varanasi as Practice Head — Healthcare. Mr. Sharma, effective April 21, 2026, brings over 12 years of experience in business development across the North American market. Mr. Varanasi, effective June 24, 2026, has 15 years of domain experience in healthcare technology. The disclosure regarding these appointments was delayed, prompting the company to submit the clarification to the exchange.

Strategic Initiatives

Additionally, the Board noted the establishment of an AI Research & Development Practice effective from March 2026. This initiative is led by Mr. Kumar Gaurav and comprises a four-member dedicated AI engineering team. The practice aims to develop proprietary AI tools and explore AI product opportunities, with funding sourced from the Research & Development objects of the company's IPO. The company has stated that appropriate internal compliance measures have been strengthened to ensure timely reporting of all such events in the future.