Nucleus Software Exports Limited has proposed the acquisition of up to 1,14,187 equity shares through its Equity Incentive Trust. The company intends to complete these purchases in the secondary market on or before September 30, 2026, which marks the end of Q2 FY26.

The acquisition is part of the administrative framework for the Nucleus Software RSU Scheme 2026. The primary objective is to create a sufficient pool of shares to meet forthcoming vesting commitments for eligible employees. This move aligns with the Shareholders' approval granted for the scheme and complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Transaction Framework

The Equity Incentive Trust will execute the purchases in multiple tranches. The transaction plan includes specific compliance measures to ensure regulatory adherence:

• Purchases will be suspended during periods when the Company's Trading Window is closed.
• All activities will comply with the SEBI (Prohibition of Insider Trading) Regulations, 2015.
• The process will follow the Company's Code of Conduct for Prevention of Insider Trading.

This disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What the Numbers Show

The capped acquisition limit of 1,14,187 shares indicates a targeted approach to equity management rather than a broad-based buyback. By linking the purchase volume directly to vesting commitments under the 2026 RSU scheme, the company is likely aiming to mitigate dilution from future share issuances while maintaining liquidity for employee incentives within a defined fiscal timeline.

Nucleus Software announced that Stanbic IBTC Bank, a member of Standard Bank Group, has advanced its transaction banking infrastructure to FinnAxia® 9.0. This upgrade enhances the bank's ability to deliver integrated payments, collections, liquidity management, and cash management solutions, addressing the growing demand for real-time and digitally enabled banking services across Africa.

The advancement was disclosed under Regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms the successful implementation of the software upgrade, which supports greater operational agility, improved automation, and enhanced connectivity for Stanbic IBTC Bank's corporate and institutional clients.

Partnership Milestone

The transition to FinnAxia® 9.0 reflects more than a decade of collaboration between Stanbic IBTC Bank and Nucleus Software. Eric Fajemisin, Executive Director of Corporate and Transaction Banking at Stanbic IBTC Bank, stated that the relationship forms part of the bank's broader commitment to strengthening solutions for clients. He noted that the upgrade enhances their ability to deliver innovative and efficient solutions in a rapidly changing environment.

Jesuseun Fatoyinbo, Head of Transaction Banking at Stanbic IBTC Bank, emphasized that the enhancement simplifies customer journeys and improves operational efficiency. He added that the update allows the bank to introduce new capabilities more rapidly, aligning with client growth ambitions.

Strategic Context

Across Africa, transaction banking is undergoing transformation as businesses seek real-time payments, digital trade services, and intelligent liquidity management. Financial institutions are investing in modern technology platforms to enable faster innovation while maintaining security and resilience. The adoption of FinnAxia® 9.0 aligns with Stanbic IBTC Bank's strategy to leverage technology for client value creation and operational excellence.

Parag Bhise, Chief Executive Officer and Executive Director at Nucleus Software, highlighted that FinnAxia® 9.0 is designed to help financial institutions respond to evolving customer expectations through improved automation and connectivity. He expressed appreciation for the long-standing relationship with Stanbic IBTC Bank.

Platform Scale and Reach

Nucleus Software's globally integrated transaction banking platform underpins the scale of the technology now being leveraged by Stanbic IBTC Bank. Key operational metrics of the platform are outlined below:

This scale underscores the robustness of the technology stack now being leveraged by Stanbic IBTC Bank to enhance its own transaction banking offerings.