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.

Prodocs Solutions Ltd has received a disclosure under SEBI's substantial acquisition regulations from Hitesh Natwarlal Kawa and his persons acting in concert (PACs). The group has increased their collective shareholding in the BSE-listed company from 2.50% to 5.15% through a strategic acquisition of 1,87,000 shares.

Acquisition Details

The share acquisition took place during the period from 12th December 2025 to 12th March 2026 through IPO participation and open market purchases. The transaction involved multiple members of the Kawa group, with varying levels of participation.

Pre and Post-Acquisition Holdings

Before the acquisition, the Kawa group held a total of 1,76,000 shares representing 2.50% of the company's equity. Post-acquisition, their combined holding has increased to 3,63,000 shares, constituting 5.15% of the total shareholding.

Individual Holdings After Acquisition

Company Structure

Prodocs Solutions Ltd maintains its equity share capital at ₹7,05,00,000, divided into 70,50,000 equity shares of ₹10 each. The company's shares are listed on BSE Limited, and the recent acquisition does not affect the total share capital structure.

Regulatory Compliance

The disclosure was filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer group clarified that they do not belong to the promoter or promoter group category. The acquisition involved only equity shares carrying voting rights, with no encumbrances, warrants, or convertible securities involved in the transaction.

The formal disclosure was signed by Hitesh Natwarlal Kawa as the primary acquirer on 13th March 2026 from Mumbai, representing the entire group of persons acting in concert.