Excelsoft Technologies Limited has informed the Exchange regarding Resignation of Mr Doreswamy Palaniswamy as Independent Director of the company w.e.f. March 17, 2026.
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Mr. Doreswamy Palaniswamy (DIN: 01251023) has resigned as Independent Director of Excelsoft Technologies Limited, effective close of business on March 17, 2026. He cited the need to take up a challenging executive role outside the company that will require his full-time attention. As a result, he also stepped down as a member of the Audit Committee and the Nomination & Remuneration Committee. He confirmed there are no other material reasons for his resignation, and the Board recorded its appreciation for his contributions, including during the company's recent public listing on NSE and BSE.
The departure creates a vacancy on the board and on two key committees, which the company will need to fill to maintain compliance with independent director and committee composition requirements. For shareholders, this is a routine governance change with no flagged concerns, though the loss of an audit committee member may warrant attention to the company's replacement plan.