Nucleus Software Exports Limited has informed the Exchange regarding Mr. Siddhartha Mahavir Acharya, Independent Director of the Company and Chairperson of the Board shall retire from close of business hours on March 18, 2026, upon completion of his second term of five consecutive years
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Nucleus Software Exports informed the exchanges about outcomes of its board meeting held on March 16, 2026. Mr. Siddhartha Mahavir Acharya, Independent Director and Chairperson of the Board, will retire on March 18, 2026, upon completing his second consecutive five-year term as an Independent Director under Section 149 of the Companies Act 2013. Mrs. Yasmin Javeri Krishan, currently an Independent Director, has been appointed as the new Chairperson of the Board effective March 19, 2026. The board also approved the formation of a new Culture Committee and reconstituted existing committees including Audit, Nomination and Remuneration, CSR, Risk Management, and Stakeholder Relationship committees, effective March 19, 2026.
This is a planned transition with a like-for-like replacement (independent director becoming chairperson), so there is no governance concern. Shareholders should see continuity in board oversight with no expected impact on the stock price.