Nucleus software Exports Limited has announced the incorporation of a wholly owned subsidiary company in Vietnam, marking its expansion into the Southeast Asian market. The company informed stock exchanges about this strategic development through a regulatory filing dated February 18, 2026.

Subsidiary Company Details

The newly incorporated entity, Nucleus Software Vietnam Company Limited, was established on February 05, 2026, with specific operational objectives and financial parameters:

Business Objectives and Operations

The Vietnam subsidiary has been established with dual operational focus areas. The entity will serve as a business development and sales hub for the region while simultaneously providing software development services to local customers in Vietnam. As a newly incorporated company, it is yet to commence business operations and therefore has no turnover history.

Regulatory Compliance and Approvals

The incorporation has been completed in compliance with SEBI Listing Regulations, specifically under Regulation 30 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has obtained necessary approval from the Department of Finance in Vietnam for the establishment.

Related Party Transaction Status

The company has clarified that this initial subscription does not fall within the purview of Related Party Transactions. Additionally, the promoter, promoter group, or group companies of Nucleus Software Exports Limited do not have any interest in the newly incorporated Vietnam entity.

Strategic Expansion

This incorporation represents Nucleus Software's strategic expansion into the Vietnamese market, focusing on IT and IT related services. The establishment of the subsidiary aligns with the company's main line of business, providing opportunities for local market penetration and service delivery in the region.

Nucleus software Exports Limited has announced the appointment of Dr. Nitin R Gokarn as additional Independent Director, effective February 10, 2026. The appointment was approved by the company's Board of Directors during their meeting held on February 10, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Appointment Details

The key details of Dr. Gokarn's appointment are outlined in the following table:

Professional Background

Dr. Gokarn brings extensive experience from his distinguished career in public service. He is a former IAS and IPS officer from Uttar Pradesh with over 37 years of experience in public administration and public policy. His career spans both the Government of India and the Government of Uttar Pradesh, where he held several high-level positions.

Key Positions Held

Dr. Gokarn has served in various senior roles including:

• Additional Chief Secretary and Principal Secretary in multiple departments
• Joint Secretary for the Ministry of Road Transport and Highways
• CEO and Project Director for NATRIP under the Department of Heavy Industries

His expertise covers diverse areas such as:

• Housing & Urban Planning
• Public Works and State Tax
• Urban Development
• Road Transport & Highways
• Governance and infrastructure development
• Public-private partnerships and e-governance

Educational Qualifications

Dr. Gokarn possesses multiple advanced educational qualifications that complement his extensive professional experience:

Regulatory Compliance

The appointment has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as per SEBI Circular no. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023.

The appointment strengthens Nucleus Software's board with Dr. Gokarn's rich experience in governance, regulatory frameworks, and policy implementation, which aligns with the company's strategic objectives in the software solutions sector.