Prodocs solutions Limited has announced a significant change in its board composition with the resignation of Independent Director Mr. Shashin Koradia. The company informed BSE Limited about this development through a regulatory filing under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Director Resignation Details

Mr. Shashin Koradia, holding Director Identification Number (DIN) 00362410, submitted his resignation letter on March 24, 2026, with the resignation taking effect from close of business hours on the same date. The resignation was attributed to personal reasons, as stated in the official communication.

Regulatory Compliance and Confirmations

In compliance with SEBI regulations, Mr. Koradia provided a confirmation statement regarding his resignation. He explicitly confirmed that there are no material reasons for his resignation other than the personal reasons mentioned in his resignation letter. This confirmation is a mandatory requirement under Regulation 30 read with Schedule III-Part A(7B) of the SEBI Listing Regulations.

The company has fulfilled all regulatory disclosure requirements by providing comprehensive information as mandated under the relevant SEBI circular dated January 30, 2026. The resignation letter and all supporting documentation have been properly annexed to the official filing.

Impact on Board Committees

As a consequence of his resignation, Mr. Shashin Koradia has stepped down from all Board Committees of the company where he served either as Chairman or Member. The company noted that Mr. Koradia does not hold any directorships in other listed entities, indicating no conflicts or overlapping responsibilities.

Company's Response

Prodocs Solutions Limited has officially accepted the resignation with effect from March 24, 2026. The company placed on record its sincere appreciation for the valuable guidance and contribution made by Mr. Koradia during his tenure as Independent Director. Company Secretary and Compliance Officer Ms. Meghha Trivedi signed the regulatory filing, ensuring proper documentation of this board change.

The resignation represents a routine corporate governance matter, with the company maintaining full compliance with all applicable regulations and disclosure requirements throughout the process.

Prodocs Solutions Limited's Board of Directors convened on March 17, 2026, from 12:30 p.m. to 1:15 p.m., approving strategic investments and key appointments that will strengthen the company's international presence and governance framework. The board meeting outcome was filed with BSE Limited under Regulation 30 of SEBI (LODR) Regulations 2015, providing comprehensive details of the approved transactions.

Investment Approvals and Strategic Expansion

The board approved a comprehensive two-tier investment strategy involving its USA operations. The primary decision involved sanctioning an additional investment of up to USD 1.5 million in Prodocs Solutions Inc., USA, the company's wholly-owned subsidiary, to be executed in one or more tranches through a rights issue of shares.

The board further approved downstream investment of up to USD 1.5 million by Prodocs Solutions Inc., USA in edata Solutions Inc., USA, with the strategic objective of making edata Solutions Inc., USA a 100% subsidiary. This acquisition will provide the company access to edata Solutions Inc.'s established clientele in the IT-enabled services sector.

Target Company Financial Performance

Edata Solutions Inc., USA, incorporated on March 5, 2013, operates in the IT-enabled services industry and became a subsidiary of Prodocs Solutions Inc., USA on April 30, 2025. The company's financial performance demonstrates substantial revenue generation:

Secretarial Auditor Appointment

The board appointed M/s. KRS AND CO., Practicing Company Secretaries, as the company's secretarial auditors for Financial Year 2025-2026. The Thane-based proprietorship firm, represented by C.S. Ketan Ravindra Shirwadkar (Membership No. F13938, COP No. 15386), brings over 15 years of experience in company law, SEBI, and FEMA regulations.

Authorized Personnel for Materiality Determination

Pursuant to Regulation 30(5) of SEBI (LODR) Regulations 2015, the board authorized key managerial personnel to determine materiality of events for stock exchange disclosures:

Related Party Transaction Compliance

Both investment transactions qualify as related party transactions, with the board confirming that all dealings are conducted on an arm's length basis. The promoters Mr. Manan Kothari and Ms. Pallavi Kothari have disclosed interests in edata Solutions Inc., USA, with Mr. Kothari serving as President and Member of the entity. The company noted that Regulation 23 of SEBI (LODR) Regulations 2015 provisions are not applicable to the company.

These strategic decisions reflect Prodocs Solutions Limited's commitment to expanding its USA operations while maintaining robust governance standards through professional secretarial audit services and transparent regulatory compliance.