Logiciel Solutions Limited has entered into a marketing service agreement with Stori Boat Productions LLP to undertake brand repositioning, identity refresh, and website design and development. The engagement is valued at ₹62.36 lakh, exclusive of GST.

The Board of Directors approved the agreement during a meeting held on September 23, 2026. The disclosure was made under Regulation 30 read with Part-A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the proposed engagement aims to strengthen and refresh its brand positioning and visual identity while establishing a consistent corporate communication framework.

Agreement specifics

The contract with Stori Boat Productions LLP covers professional services for marketing and digital presence enhancement. The total fee is fixed at ₹62.36 lakh, payable according to an agreed schedule. The agreement remains in force until the expiry of the defect warranty period unless terminated earlier.

The indicative timeline for the project's Go-Live programme is 17 weeks. This duration is extendable up to 26 weeks in the event of delays caused by client inputs or approvals, without any change in the agreed fees.

Counterparty details

Stori Boat Productions LLP is a Limited Liability Partnership incorporated on December 12, 2019, based in Mumbai. The entity reported a turnover of ₹5.86 crore for the fiscal year ended March 31, 2026. The company confirmed that Stori Boat Productions LLP is not related to the promoter group or group companies, and the transaction does not fall within related party transactions.

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.