Kairosoft AI Solutions Limited, a leading player in the AI industry, has unveiled significant changes to its management structure and auditor appointments, as approved by its members at a meeting held on September 15, 2025.

Executive Appointments and Changes

The company has made several key changes to its leadership team:

• Mr. Deva Ram: Elevated from Non-Executive Non-Independent Director to Executive Director, effective August 5, 2025. Mr. Ram, with over two years of experience in Secretarial and Compliance departments, will receive an annual remuneration of INR 12.00 lakh.

• Mr. Santosh Kumar Kushawaha: Appointed as a Non-Executive Non-Independent Director, also effective August 5, 2025. Mr. Kushawaha brings over 20 years of industry experience, particularly in investment and funding.

• Mr. Sagar Khurana: The company ratified Mr. Khurana's appointment terms as Managing Director. His position is not liable to retire by rotation for his five-year term from June 13, 2024, to June 12, 2029. Mr. Khurana, holding a Bachelor of Technology degree, has 12 years of experience in business management, specifically in injection molding and printing.

Auditor Appointments

Kairosoft AI Solutions has also made significant changes to its auditing team:

• M/s S Agarwal & Co.: Appointed as Statutory Auditors for five consecutive financial years from 2025-26 to 2029-30. The firm is known for its experience with leading Indian and domestic companies across various industries.

• M/s Sumit Bajaj & Associates: Appointed as Secretarial Auditor for the same period. Mr. Sumit Bajaj, an Associate Member of the Institute of Company Secretaries of India, brings expertise in Secretarial Compliances and Corporate Secretarial functions.

Corporate Governance and Transparency

These appointments and changes reflect Kairosoft AI Solutions' commitment to strong corporate governance and transparency. The company has ensured compliance with SEBI Listing Regulations and other relevant regulatory requirements in making these decisions.

The restructuring aims to strengthen the company's leadership team and enhance its capabilities in the rapidly evolving AI industry. With a blend of experienced professionals and fresh perspectives, Kairosoft AI Solutions is positioning itself for future growth and innovation in the AI sector.

Investors and stakeholders will be keenly watching how these changes impact the company's performance and strategic direction in the coming years.

Kairosoft AI Solutions Limited has taken legal action against the Bombay Stock Exchange (BSE) and the Securities and Exchange Board of India (SEBI), contesting its placement under Stage IV of the Graded Surveillance Measure (GSM). The artificial intelligence solutions provider has filed a writ petition in the Delhi High Court, arguing that the regulatory action was implemented without prior notice and violates BSE's own circular on gradual implementation.

Legal Proceedings

The company, in a regulatory filing dated April 15, 2025, announced that it had instituted a Writ Petition (No. W.P.(C) 4633 of 2025) before the Delhi High Court on April 9, 2025. The petition, filed through Senior Advocate Shri Kapil Sibal, addresses "certain issues arising out of the Company's engagements and dealings with BSE Limited."

Hearing Scheduled

The case is set to be heard on Wednesday, April 16, 2025. The company has assured stakeholders that it will communicate all material developments in accordance with regulatory requirements.

Background of the Dispute

The legal challenge stems from unusual price movements in Kairosoft AI Solutions' stock, which reportedly followed a rights issue and unrelated YouTube video recommendations. The company contends that its placement under Stage IV of the GSM was unwarranted and implemented without adhering to proper procedures.

Company's Stance

Kairosoft AI Solutions argues that the action taken by BSE and SEBI was without prior notice and violates BSE's own circular on gradual implementation of the Graded Surveillance Measure. In its regulatory filing, the company emphasized its commitment to maintaining high standards of corporate governance, transparency, and compliance with applicable laws and regulations.

Implications for Investors

The outcome of this legal battle could have significant implications for Kairosoft AI Solutions and potentially set a precedent for how surveillance measures are implemented in the Indian stock market. Investors and market participants will be closely watching the proceedings, as they may impact trading in the company's shares and broader market practices.

As the situation develops, stakeholders are advised to stay informed through official channels and regulatory filings. The Delhi High Court's decision on this matter could provide clarity on the implementation of surveillance measures and the rights of listed companies in such scenarios.