Oracle Financial Services Software Limited announced significant board changes and issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Simon de Montfort Walker as Non-Executive Director. The company made formal disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Appointment and Postal Ballot Process

Following the Board meeting held on February 25, 2026, the company appointed Mr. Simon de Montfort Walker (DIN: 11549486) as Additional Director and subsequently issued a postal ballot notice dated February 25, 2026 to seek shareholder approval for his formal appointment as Non-Executive, Non-Independent Director.

E-Voting Timeline and Process

The company has engaged National Securities Depository Limited (NSDL) to provide remote e-voting facility for the postal ballot process. The postal ballot notice was dispatched in electronic form to eligible shareholders.

Committee Reconstitution

Effective February 26, 2026, the company reconstituted its Nomination and Remuneration Committee with the following composition:

Professional Background

Mr. Walker currently serves as Oracle Executive Vice President for Industry Applications, providing executive leadership for global support, development, product management, marketing, and innovation initiatives for Oracle's multi-billion-dollar vertical business. His responsibilities encompass strategy execution, operational performance, and delivery of AI-driven and cloud-enabled solutions for consumer-focused industries including financial services, hospitality, retail, and utilities.

Walker joined Oracle as Senior Vice President in 2019, initially managing Oracle's restaurant point of sale business and subsequently building Oracle's embedded finance offering. Prior to Oracle, he served as Chief Technology Officer and President of eGate Solutions at gategroup.

Industry Experience and Qualifications

As a seasoned financial services technology executive, Walker brings extensive experience across multiple sectors including banking, wealth management, and insurance. He holds a bachelor's degree in economics from Kings College and a master's degree with honors from The University of Texas at Austin.

Regulatory Compliance

The postal ballot notice complies with Sections 108 and 110 of the Companies Act, 2013, SEBI Listing Regulations, and MCA Circulars. The resolution, if approved by requisite majority, shall be deemed passed on April 3, 2026. Results will be communicated to stock exchanges and uploaded on the company's website and NSDL's platform. The disclosure was signed by Company Secretary & Compliance Officer Onkarnath Banerjee (Membership No. ACS8547).

Oracle Financial Services Software Limited has completed the allotment of 7,679 equity shares under its Employee Stock Option Plan (ESOP) to eligible employees. The ESOP Allotment Committee of the Board of Directors approved this allotment on February 18, 2026, as part of the company's ongoing employee incentive program.

ESOP Allotment Details

The allotted shares were issued to eligible employees who exercised their stock options under the OFSS Stock Plan 2014. Each equity share carries a face value of Rs. 5, and the newly issued shares will rank pari passu with the existing equity shares of the company in all respects.

Impact on Share Capital

Following this ESOP allotment, Oracle Financial Services Software Limited's capital structure has been updated. The company's paid-up capital has increased from its previous level to accommodate the newly issued shares.

Regulatory Compliance

The company has fulfilled its regulatory obligations by informing both the National Stock Exchange of India Limited and BSE Limited about this allotment under Regulation 30. The notification was signed by Onkarnath Banerjee, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed.

The company has also committed to publishing this information on its official website, maintaining transparency with all stakeholders. This ESOP exercise demonstrates the company's continued focus on employee retention and motivation through equity participation programs.