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
+0.12%+0.79%0.0%-8.62%+4.22%+69.19%

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

2 min read     Updated on 10 Feb 2026, 02:52 PM
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Reviewed by
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Overview

Nucleus Software Exports Limited announced mixed Q3FY26 results with consolidated revenue growing 7% to ₹220.03 crores but profit declining 40.8% to ₹20.70 crores due to exceptional charges of ₹18.85 crores related to new Labour Codes implementation. The company maintained steady customer engagement across its FinnOne Neo® platform and continued progress on AI-enabled enhancements while focusing on financial discipline and operational consistency.

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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%

Management Commentary

Vishnu R. Dusad, Co-Founder & Managing Director, stated that the performance reflects continued focus on execution and customer engagement, with commitment to strengthening platforms and capabilities in line with evolving industry requirements. CEO Parag Bhise emphasized maintaining financial stability through disciplined cost management and a strong balance sheet while safeguarding profitability and funding essential investments.

Business Operations

During Q3 FY26, the company continued to see steady customer engagement and platform adoption across its FinnOne Neo®, an end-to-end digital lending solution. Performance across international markets remained stable, supported by long-term customer relationships and sustained engagement. The company made progress on AI-enabled and automation-led enhancements 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.

Historical Stock Returns for Nucleus Software

1 Day5 Days1 Month6 Months1 Year5 Years
+0.12%+0.79%0.0%-8.62%+4.22%+69.19%

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1 Year Returns:+4.22%