Excelsoft Technologies Limited announced significant board changes following its Board of Directors meeting held on March 10, 2026. The company appointed Dr. Jayakumar Karuppasamy as Additional Director and restructured key board committees with immediate effect, as disclosed under Regulation 30 of SEBI Listing Regulations.

Board Appointment Details

The Board of Directors approved the appointment of Dr. Jayakumar Karuppasamy (DIN: 03615535) as Additional Director (Non-Executive Independent Director) based on the recommendation of the Nomination and Remuneration Committee. The appointment is effective from March 10, 2026, for a term of five years until March 09, 2031, subject to shareholder approval.

Professional Background and Achievements

Dr. Jayakumar Karuppasamy is a retired Indian Administrative Service (IAS) officer from the 1987 batch with distinguished expertise in technology, skill development, and governance. He holds a Ph.D. in Mechanical Engineering (Man-Machine Learning) from Indian Institute of Technology Kharagpur (2003) and a Master of Technology in Manufacturing Technology from the same institution (1994). He also completed a Post Graduate Diploma in Business Management with specialization in Marketing and Systems from Indian Institute of Management Bangalore (1985).

The new director has served in various senior positions including Additional Chief Secretary to the Government of Sikkim, Joint Secretary Council of Scientific and Industrial Research (CSIR), and Vice Chancellor of Sikkim Manipal University. He currently serves as Director of Jakaru Technologies Private Limited, focusing on manufacturing farm machinery and rural youth empowerment initiatives. Dr. Karuppasamy holds four Indian patents and four international patents, and was recognized by Times Group in 2023 with the "Amazing Indian" award in the agriculture sector.

Committee Restructuring

The Board approved the reconstitution of two key committees with immediate effect, incorporating Dr. Karuppasamy as a member in both committees and implementing leadership changes.

Audit Committee Composition

Key changes include the induction of Dr. Jayakumar Karuppasamy as a member and the appointment of Mr. Shivkumar Pundaleeka Divate as Chairperson, replacing Mr. Doreswamy Palaniswamy in the leadership role.

Nomination and Remuneration Committee

Regulatory Compliance and Meeting Details

The Board Meeting commenced at 16:02 IST and concluded at 16:43 IST on March 10, 2026. The company confirmed that Dr. Karuppasamy is not debarred from holding the office of Director by any SEBI order or other authorities and is not disqualified under the Companies Act, 2013. He holds no shares in the company and maintains no relationships with existing Directors or Key Managerial Personnel.

The appointment and committee changes align with the company's governance framework and are subject to necessary regulatory approvals and shareholder consent where applicable. The disclosure was made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Excelsoft Technologies Limited filed its Q3 FY26 earnings call transcript with BSE and NSE, providing comprehensive insights into the company's financial performance and strategic initiatives. The transcript, filed under Regulation 30 of SEBI regulations, covers the earnings conference call held with analysts and investors.

Regulatory Filing Details

The company submitted the earnings call transcript to both major stock exchanges following the conference call conducted with stakeholders:

Q3 FY26 Financial Performance

The earnings call revealed strong quarterly performance across key financial metrics. Revenue from operations reached ₹71.03 crore in Q3 FY26, representing robust growth momentum in the educational technology sector.

Strategic Partnership Announcements

During the earnings call, management highlighted several landmark collaborations that underscore the company's leadership in the assessment space. The partnership with AQA in the UK, one of the world's largest examination certification bodies, involves joint R&D for AI-enabled assessment solutions.

Nine-Month FY26 Performance

The nine-month performance demonstrated exceptional growth trajectory with revenue from operations at ₹191.40 crore, reflecting the company's strong market position in digital learning and assessment solutions.

AI-Driven Innovation and Market Expansion

Management emphasized the company's significant investments in AI infrastructure and product development. The company has developed six new AI-enabled products set to launch next month, focusing on assessment solutions using AI and quantum computing technologies.

Geographic and Segment Performance

North America remained the dominant market contributing 72.20% of Q3 revenues, while Education Technology Services continued as the largest business segment at 65.70% of quarterly revenue. The company added 10 new clients during the nine-month period while maintaining an average client tenure of 11 years for top customers.

Management Commentary

Chairman and Managing Director Dhananjaya Sudhanva highlighted the company's strong positioning in digital learning adoption and high-stakes testing solutions. The management outlined strategic focus areas including market expansion, client optimization, and operational excellence while maintaining financial discipline through engagement with consulting firms for business process audits.