1. Appointment of Mr. Santosh Kumar Kushawaha as an Additional Director (Non-Executive ) of the Company. 2. Resignation of Mr. Prashant Sethi from the position of Executive Director of ....
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Kairosoft AI Solutions reported its first set of numbers under its new AI-focused identity for the quarter ended June 30, 2025. Total income stood at Rs 120.12 lakh, including Rs 90.03 lakh from a newly started Artificial Intelligence segment, but the company posted a loss after tax of Rs 174.10 lakh versus a profit of Rs 22.85 lakh in the year-ago quarter. Total expenses jumped sharply to Rs 289.66 lakh, driven mainly by other expenses of Rs 249.54 lakh. On the board front, Mr. Santosh Kumar Kushawaha joined as an Additional Non-Executive Non-Independent Director, Mr. Prashant Sethi resigned as Executive Director citing other commitments, and Mr. Deva Ram was redesignated from Non-Executive to Executive Director with a Rs 12 lakh annual remuneration. The statutory auditor flagged a concern that the company meets RBI's NBFC criteria but is not registered as one.
Negative in the near term – the sharp swing to losses, the auditor's NBFC-registration qualification, and senior board churn could weigh on investor sentiment, though the new AI revenue stream shows early traction and may be watched as a turnaround catalyst.