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.

Logiciel Solutions Limited’s statutory auditor, M/s Raman Chawla & Associates, Chartered Accountants, has resigned effective June 29, 2026, citing increasing professional commitments and personal obligations. The firm, appointed in September 2025 for a five-year term, expressed its inability to devote the required time and attention to the audit engagement. The resignation was disclosed to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The auditor confirmed that there are no material reasons for the resignation beyond the stated commitments and that no concerns were raised regarding the company's management. Consequently, the Audit Committee and the Board are not required to deliberate on the reasons for the departure. The resigning auditor has already completed the statutory audit for the financial year ended March 31, 2026, and issued the report on May 30, 2026.

M/s Raman Chawla & Associates stated they have no objection to the company filing the resignation letter with the Registrar of Companies and stock exchanges. The firm committed to cooperating with the incoming auditors to ensure a smooth transition and to assist with necessary statutory filings. The resignation creates a casual vacancy that the company intends to fill in due course.

The Audit Committee and the Board of Logiciel Solutions Limited will take note of the resignation in their upcoming meetings. They will consider the appointment of new statutory auditors to fill the vacancy and will inform the stock exchanges accordingly. The company confirmed that the resignation does not involve any disputes or irregularities.

Resignation Details