Excelsoft Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on March 10, 2026.
EXCELSOFT · price
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Excelsoft Technologies has appointed Dr. Jayakumar Karuppusamy, a retired 1987-batch IAS officer and Ph.D. holder from IIT Kharagpur, as an Additional Director (Non-Executive Independent Director) effective March 10, 2026 for a five-year term ending March 9, 2031, subject to shareholder approval. The Board also reconstituted its Audit Committee, with Mr. Shivkumar Pundaleeka Divate taking over as Chairperson from Mr. Doreswamy Palaniswamy, and Dr. Jayakumar inducted as a member. Dr. Jayakumar was additionally added as a member of the Nomination and Remuneration Committee. No directors resigned, and the appointee holds no shares in the company and has no relationship with existing directors or KMPs.
This is a routine board strengthening move — adding a seasoned bureaucrat and technocrat as an independent director may enhance governance and policy-level expertise, but is unlikely to cause any material short-term impact on the stock price.