Nucleus Software Appoints Dr. Nitin R Gokarn as Additional Independent Director

1 min read     Updated on 10 Feb 2026, 08:32 PM
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Overview

Nucleus Software Exports Limited appointed Dr. Nitin R Gokarn as additional Independent Director effective February 10, 2026. A former IAS and IPS officer with 37+ years in public administration, Dr. Gokarn brings expertise in governance, infrastructure development, and regulatory frameworks. His appointment requires shareholder approval within three months for a five-year term.

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*this image is generated using AI for illustrative purposes only.

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:

Parameter: Details
Name: Dr. Nitin R Gokarn (DIN: 07619691)
Position: Additional Independent Director (Non-Executive)
Effective Date: February 10, 2026
Term: Up to 5 years
Approval Required: Shareholder approval via Special Resolution within 3 months
Relationships: No relationships disclosed with other directors

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:

Qualification: Institution/Details
PhD: Transformational Leadership
CFA: Chartered Financial Analyst from ICFAI, Hyderabad
Post Graduate Programme: Public Policy and Management from IIM Bangalore with component in Maxwell School of Public Policy, Syracuse, USA

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.

Historical Stock Returns for Nucleus Software

1 Day5 Days1 Month6 Months1 Year5 Years
-1.68%-0.87%-16.71%-26.91%-8.33%+47.71%

Nucleus Software Q3FY26 Results: Revenue Grows 7% to ₹220.03 Cr, Profit Declines 40.8%

3 min read     Updated on 10 Feb 2026, 02:52 PM
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Overview

Nucleus Software's Q3FY26 results showed mixed performance with revenue growing 7% to ₹220.03 crores while profit declined 40.8% to ₹20.70 crores due to exceptional charges related to new Labour Codes. The company added seven new customer logos during the financial year and maintains a strong balance sheet with cash reserves of ₹971.60 crores. Management discussed ongoing platform migration initiatives and focus on growth areas including MSME, gold loans, and AI-enabled solutions during the earnings call held on February 11, 2026.

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*this image is generated using AI for illustrative purposes only.

Nucleus Software Exports Limited announced its financial results for the quarter and nine months ended December 31, 2025, presenting a mixed performance with revenue growth offset by profit decline due to exceptional charges. The company filed its results under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

The company's consolidated financial results showed contrasting trends in revenue and profitability metrics for the third quarter of FY26.

Metric: Q3 FY26 Q3 FY25 Change (%) 9M FY26 9M FY25 Change (%)
Revenue from Operations: ₹220.03 Cr ₹205.70 Cr +7.0% ₹651.26 Cr ₹603.29 Cr +7.9%
Total Income: ₹235.15 Cr ₹221.27 Cr +6.3% ₹700.50 Cr ₹652.93 Cr +7.3%
Profit for the Period: ₹20.70 Cr ₹34.97 Cr -40.8% ₹82.19 Cr ₹98.23 Cr -16.3%
Earnings Per Share: ₹7.86 ₹13.28 -40.8% ₹31.22 ₹36.90 -15.4%
EBITDA (before exceptional items): ₹32.72 Cr - - - - -

Exceptional Items Impact

The company recorded a significant exceptional charge of ₹18.85 crores during the quarter related to the implementation of new Labour Codes. This charge comprised:

Component: Amount
Increase in gratuity liability due to past service cost: ₹13.49 crores
Increase in compensated absences liability: ₹5.36 crores

The Labour Codes, notified by the Government of India on November 21, 2025, consolidate twenty-nine existing labour laws and introduce changes including uniform wage definitions and enhanced leave benefits.

Standalone Performance

The standalone financial results also reflected similar trends with revenue growth but profit decline.

Parameter: Q3 FY26 Q3 FY25 Change (%)
Revenue from Operations: ₹202.00 Cr ₹188.80 Cr +7.0%
Profit for the Period: ₹17.42 Cr ₹30.87 Cr -43.6%
Earnings Per Share: ₹6.62 ₹11.73 -43.6%

Earnings Call Highlights

The company held its earnings conference call on February 11, 2026, with senior management discussing quarterly performance and strategic initiatives. During the call, management highlighted steady customer engagement and platform adoption across its FinnOne Neo digital lending solution.

Key Business Updates

Parameter: Details
New Customer Additions: 7 logos added in FY26, 2 in Q3
Platform Migration: 50-50 split between legacy and Neo platforms
Order Book Position: ₹656.68 Cr total (₹588.74 Cr product, ₹67.94 Cr services)
Cash Position: ₹971.60 Cr as of December 31, 2025

Management Commentary

Vishnu R. Dusad, Co-Founder & Managing Director, welcomed new Chief Business Officer Apurva Chamaria, who brings over two decades of experience from companies like HCL, RateGain, Tech Mahindra, and Google. CEO Parag Bhise emphasized continued focus on long-term strategy execution and customer engagement.

During the earnings call, management discussed the ongoing migration from legacy FinnOne platform to FinnOne Neo, indicating a 3-4 year timeline for complete transition. The company added seven new customer logos during the financial year, all on the newer Neo platform.

Strategic Focus Areas

The company is focusing on several growth areas including MSME sector expansion, gold loans, finance against securities, and co-lending solutions. Management highlighted increasing traction in these business lines and continued investment in AI-enabled capabilities with focus on explainability, compliance, and enterprise-grade reliability.

Board Meeting and Regulatory Compliance

The Board of Directors approved the audited standalone financial results and unaudited consolidated financial results at their meeting held on February 10, 2026. The meeting commenced at 10:00 a.m. and concluded at 2:10 p.m. The financial results were duly reviewed by the Audit Committee and received unmodified audit opinion and review conclusion from statutory auditors ASA & Associates LLP.

The earnings call transcript was filed with stock exchanges on February 15, 2026, under Regulation 30, signed by Company Secretary Poonam Bhasin.

Historical Stock Returns for Nucleus Software

1 Day5 Days1 Month6 Months1 Year5 Years
-1.68%-0.87%-16.71%-26.91%-8.33%+47.71%

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1 Year Returns:-8.33%