Pursuant to the Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, the Board of Directors of the Company at their meeting held on 14th July, 2026 inter-alia approved ....
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The Board of Logiciel Solutions approved investing USD 10,000 in a newly formed US entity, Logiciel Solutions Inc. (Delaware, incorporated 15 June 2026), to make it a wholly-owned subsidiary focused on IT services in North America. Two senior hires were noted: Mr. Anshul Sharma as Vice President – Sales (joined 21 April 2026, 12+ years in North American IT sales, track record of over USD 5 million in closed deals) and Mr. Ram Prakash Varanasi as Practice Head – Healthcare (joined 24 June 2026, 15 years in healthcare tech including HL7, FHIR, HIPAA). The Board also formally noted the establishment of an in-house AI Research & Development Practice, running since March 2026 with a 4-member team led by a GenAI engineer, funded from IPO proceeds earmarked for R&D. The US subsidiary is in the same line of business as the parent and is intended to strengthen the company's North American presence.
Positive growth signal for shareholders — international expansion into the US, strengthening of sales and healthcare verticals, and a new AI capability all point to a strategy of building higher-value services. The US investment amount is small (USD 10,000) so financial risk is limited, while the strategic intent and new revenue levers could support long-term growth.