Delayed SMP disclosure clarification; US subsidiary and AI R&D launched
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Logiciel Solutions clarified a delay in disclosing two Senior Management Personnel appointments (VP Sales Mr Anshul Sharma and Healthcare Practice Head Mr Ram Prakash Varanasi), calling it an inadvertent interpretational oversight. The board also approved a USD 10,000 investment in Logiciel Solutions Inc., USA (Delaware, incorporated 15 June 2026) as a wholly-owned subsidiary, and noted the March 2026 launch of a 4-member AI Research and Development practice funded from IPO proceeds.
Minor compliance lapse now corrected with stronger internal controls. US subsidiary and AI practice signal North America expansion and new capabilities, though the initial investment size is small.