Bodhtree Consulting Limited has announced the resignation of its Independent Director cum Chairman through an official regulatory filing. The company disclosed this significant leadership change to BSE Limited on February 26, 2026, marking an important transition in its board composition.

Leadership Transition Details

Mr. Nikshit Hemendra Shah (DIN: 07910462) has tendered his resignation as Independent Director cum Chairman of Bodhtree Consulting Limited, effective immediately from February 26, 2026. The resignation was submitted due to personal obligations, as confirmed in his formal resignation letter to the Board of Directors.

Committee Memberships Affected

Following his resignation, Shah will cease to hold positions in key board committees. His departure impacts the company's governance structure across multiple committees where he served as a member.

Regulatory Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Prashanth Mitta, Whole-time Director & CEO (DIN: 02459109), ensuring proper regulatory compliance with BSE Limited.

Board's Acknowledgment

The Board of Directors has placed on record its appreciation for Shah's valuable contribution and guidance during his association with the company. In his resignation letter, Shah confirmed that there are no material reasons for his resignation other than the personal obligations mentioned.

Corporate Information

Bodhtree Consulting Limited operates from its registered and corporate office located at Workafella, Cyber Crown, Madhapur, Hyderabad, Telangana. The company maintains its web presence at www.Bodhtree.ai and holds CIN: L74140TG1982PLC040516.

Bodhtree Consulting Limited announced significant leadership changes alongside its unaudited financial results for the quarter ended December 31, 2025. The board meeting held on February 02, 2026, approved the quarterly results and appointed Mr. Nikshit Hemendra Shah as the new Chairman, replacing Mr. Maruti Venkata Subbarao Poluri.

Leadership Transition and New Chairman Profile

The company appointed Mr. Nikshit Hemendra Shah (DIN: 07910462) as Chairman effective February 02, 2026, in place of Mr. Maruti Venkata Subbarao Poluri (DIN: 02519170). Both directors serve as Independent Directors of the company.

Mr. Shah brings over 13 years of diverse experience as a qualified Chartered Accountant, Certified Information System Auditor, and Lawyer. His background spans multiple industries including service sector, ITES, private equity funds, and manufacturing. Before joining Bodhtree, he held critical positions at Deloitte and Cognizant, developing expertise in financial systems, compliance, and regulatory frameworks.

Financial Performance Overview

The company delivered strong operational performance in Q3FY26 with substantial revenue growth, though net profit declined compared to the previous year. The results demonstrate continued focus on business expansion and operational scaling.

Nine-Month Performance Analysis

The nine-month period ended December 31, 2025, showcased remarkable transformation from previous year's losses to substantial profitability, reflecting improved operational efficiency and strategic execution.

Regulatory Compliance and Corporate Governance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 02, 2026. The statutory auditors, RSM & Associates, Chartered Accountants, provided a limited review report with an unmodified opinion on the quarterly financial results. The company's paid-up equity share capital stood at ₹2,186.56 lakhs with a face value of ₹10 per share, representing an increase from ₹1,717.31 lakhs in the corresponding quarter of the previous year.

The leadership change was communicated to BSE Limited on February 03, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Shah is not debarred from holding the office of Director pursuant to any SEBI Order and holds no directorship in other listed entities.