Ksolves India Limited , a company listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), has announced the re-appointment of two Non-Executive Independent Directors to its Board. The decision was made during a Board of Directors meeting held on September 4, 2025.

Key Appointments

• Ms. Varsha Choudhry: Re-appointed as a Non-Executive Independent Director for a 5-year term, effective March 1, 2026.
• Mr. Varun Sharma: Re-appointed as a Non-Executive Independent Director for a 5-year term, effective April 26, 2026.

Approval Process

The re-appointments are subject to shareholder approval at the upcoming Annual General Meeting (AGM) scheduled for September 27, 2025. This meeting will cover the financial year ended March 31, 2025.

Company Details

Ksolves India Limited, formerly known as Ksolves India Private Limited, is headquartered in New Delhi with a corporate office in Noida, Uttar Pradesh. The company trades under the following details:

Board Meeting Particulars

The Board meeting where these decisions were made took place on September 4, 2025. It commenced at 15:15 and concluded at 15:55.

Regulatory Compliance

This announcement is in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates the disclosure of material events to the stock exchanges.

Investors and stakeholders can expect to receive the notice for the AGM in due course, as stated by the company in its regulatory filing.

Ksolves India Limited , a leading IT services provider, has reported a strong performance for the first quarter, with significant revenue growth and strategic investments for future expansion.

Financial Highlights

• Revenue from operations grew by 19.3% year-on-year and 13% quarter-on-quarter
• Operating Profit Margin (OPM) stood at 26.4%
• Profit After Tax (PAT) margin reached 17.1%
• The Board declared an interim dividend of ₹1 per share

Key Performance Metrics

Strategic Investments and Growth Initiatives

Ksolves made significant investments during the quarter, which impacted the EBITDA margin compared to the previous year:

1. ESOP expenses: ₹66 lakhs
2. Leadership hiring: ₹1.24 crores
3. Events and market presence: ₹1.93 crores

The company emphasized that these investments are crucial for future growth and expansion. Excluding these investments, the adjusted EBITDA margin would have been approximately 37%, in line with the previous year.

Business Highlights

• Top 5 customers contribute 42% of revenue, while top 10 contribute 58%
• The company remains debt-free
• Employee count has grown from 100+ to 550+ over five years
• Deal sizes have increased, now ranging up to $600,000 with project durations extending to 15 months
• The DFM (Data Flow Manager) product has secured a second client, with approximately 10 customers in the pipeline
• AI/ML collectively contributes around 10-11% of total revenue

Future Outlook

Management indicated a focus on buybacks over dividends in the future and expects event costs to reduce to under ₹50 lakhs per quarter from Q4 onwards. The company is transitioning to larger ticket sizes and longer project durations, which may lead to extended conversion cycles but potentially higher-value contracts.

Celebrating Five Years of Listing

Ksolves celebrated its fifth anniversary of being listed on the stock exchange. Since its listing, the company has achieved remarkable growth:

• Market capitalization has grown by 5,780%
• Revenue has increased 10-fold
• Profit has grown 50-fold

The company's management expressed optimism about future growth prospects, particularly in areas such as Big Data, AI, and their proprietary DFM product. While facing challenges in the rapidly evolving tech landscape, Ksolves remains committed to innovation and expanding its service offerings to meet client demands.

As Ksolves India Limited continues to navigate the competitive IT services market, its focus on strategic investments, product development, and expanding its client base positions the company for potential growth in the coming quarters.