Workmates Core2cloud Solution Limited has approved revisions in the remuneration of its key executives, including the Managing Director and the Chief Financial Officer. The Board of Directors also finalized the logistics for the company’s upcoming Annual General Meeting.

The decisions were taken during a board meeting held at the company's registered office in Kolkata on August 20, 2026. The meeting commenced at 5:00 pm and concluded at 5:15 pm.

Executive Remuneration Revisions

The board approved changes to the compensation packages for two senior leaders:

• Mr. Debasish Sarkar, Whole Time Director & Chief Financial Officer
• Mr. Basanta Kumar Rana, Managing Director

The filing did not disclose the specific monetary values or percentage increases associated with these revisions.

Annual General Meeting Details

The board approved the notice for the 8th Annual General Meeting (AGM) of the members. The meeting is scheduled to be held on Friday, September 25, 2026.

To ensure compliance with regulatory requirements, the AGM will be conducted through Video Conferencing and Other Audio-Visual Means. The company appointed Mr. Prateek Kohli, a Practicing Company Secretary (Mem. No: F11511) and Partner at Prateek Kohli & Associates, to scrutinize the e-Voting process for the meeting.

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed BSE Limited of the outcomes on August 20, 2026.

Workmates Core2Cloud Solution Limited has approved the incorporation of a wholly owned subsidiary in Delaware, United States of America, to drive its overseas growth and expansion. The board of directors sanctioned the outbound investment during its meeting held on July 17, 2026. The new entity, provisionally named Workmates US Inc., will focus on providing services related to cloud migration, modernization, operations, and optimization, alongside cybersecurity, managed services, data, and artificial intelligence solutions.

The subsidiary will be a related party of the company, though the promoter or promoter group holds no other interest in the entity. The incorporation is subject to approval from the concerned ministry in Delaware. The company stated that the entity is yet to commence business operations and will be established after obtaining all requisite regulatory approvals.

The acquisition involves 100% subscription to the share capital of the wholly owned subsidiary via cash consideration. The contribution to the initial share capital will be made at face value. The timeline for completion is contingent upon the successful incorporation of the subsidiary in Delaware.

Key Details of the Incorporation

The board also approved the Board's Report along with annexures for the Financial Year 2025-26 during the same meeting. The regulatory disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.