SoftTech Engineers Limited, a prominent player in the engineering software solutions sector, has made significant strategic moves to strengthen its market position and leadership team.

German Market Expansion

SoftTech Engineers has taken a bold step towards expanding its presence in the German market. The company's board has approved the acquisition of a complete stake in Softtech Digital AG, its German subsidiary, for a sum of up to €1.1 million. This move is part of the company's broader strategy to enhance its footprint in the European market, particularly in Germany.

Leadership Changes

SoftTech Engineers has announced key changes in its leadership team:

New CFO Appointment

The company has appointed Deepak Bang as its new Chief Financial Officer (CFO) with immediate effect.

Previous CFO's Departure

According to the latest LODR (Listing Obligations and Disclosure Requirements) filing, the company's previous CFO, Mr. Kamal Agrawal, has resigned from his position. The resignation will be effective from the close of business hours on September 16, 2025.

Details of CFO Transition

The LODR filing provides additional information about Mr. Agrawal's departure:

• Reason for Resignation: Mr. Agrawal has cited personal reasons for his resignation. The company has confirmed that there are no other material reasons for his departure.
• Effective Date: Mr. Agrawal will cease to be the Chief Financial Officer and Key Managerial Personnel of the company from September 16, 2025.
• Regulatory Compliance: In line with SEBI regulations, Mr. Agrawal will also cease to be the Key Managerial Personnel authorized for determining the materiality of events or information and for making disclosures to stock exchanges.

These developments mark a period of significant change for SoftTech Engineers, as the company positions itself for growth in international markets while also refreshing its executive leadership. The acquisition of Softtech Digital AG is expected to bolster the company's presence in Germany, while the appointment of Deepak Bang as the new CFO signals a transition in financial leadership.

SoftTech Engineers Limited announced a significant change in its top management as Chief Financial Officer (CFO) Kamal Agrawal is set to resign from his position. The company disclosed this information in a regulatory filing to the National Stock Exchange of India and BSE Limited.

Key Details of the Resignation

• Effective Date: September 16, 2025
• Reason: Personal reasons
• Position Vacated: Chief Financial Officer and Key Managerial Personnel

Implications of the Departure

Agrawal's resignation will take effect from the close of business hours on September 16, 2025. Following this, he will no longer serve as the CFO or hold any Key Managerial Personnel responsibilities within the organization. This includes relinquishing his authority for:

1. Determining the materiality of events
2. Making disclosures to stock exchanges

Company's Statement

In its filing, SoftTech Engineers stated, "Mr. Kamal Agrawal, Chief Financial Officer and Key Managerial Personnel of the Company, has tendered his resignation from the services of the Company due to certain personal reasons. He has confirmed that there is no other material reason for his resignation other than the above."

Regulatory Compliance

The company's announcement adheres to Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. SoftTech Engineers has also submitted the required details as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Looking Ahead

While the news of Agrawal's departure may create short-term uncertainty, it also opens the door for new leadership in SoftTech Engineers' financial department. The company has not yet announced a successor, leaving investors and industry observers curious about the future direction of the firm's financial strategy.

As SoftTech Engineers navigates this transition, stakeholders will be keenly watching for any updates on the appointment of a new CFO and any potential shifts in the company's financial management approach.