Excelsoft Technologies Limited has informed the Exchange regarding Change in Director(s) of the company.
EXCELSOFT · price
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Excelsoft Technologies has appointed Dr. Jayakumar Karuppusamy (DIN: 03615535) as an Additional Director (Non-Executive Independent Director) effective March 10, 2026, for a 5-year term ending March 9, 2031, subject to shareholder approval. Dr. Jayakumar is a retired IAS officer (1987 batch) with a Ph.D. from IIT Kharagpur and over two decades of experience in governance, technology, and public administration, including roles as Additional Chief Secretary to the Government of Sikkim and Vice Chancellor of Sikkim Manipal University. The Board also re-constituted the Audit Committee, inducting Dr. Jayakumar as a member and appointing Mr. Shivkumar Pundaleeka Divate as the new Chairperson in place of Mr. Doreswamy Palaniswamy. Dr. Jayakumar was also added to the Nomination and Remuneration Committee. The new director holds no shares in the company and has no relationship with existing directors or KMPs.
This is a routine governance strengthening move — adding a senior independent director with a strong public administration and technology background to the board and key committees. It enhances board independence and committee expertise, but is unlikely to cause any immediate stock price movement.