Oracle Financial Services Software Limited has informed the Exchange regarding Outcome of Board Meeting held on June 11, 2025.
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The board approved the appointment of Mr. Nian Nian Yuan as an Additional Non-Executive, Non-Independent Director effective June 11, 2025, subject to shareholder approval. Mr. Yuan is a Senior Vice President of Corporate Development at Oracle Corporation, overseeing M&A and investments, and has been with Oracle since 2006. The board also appointed M/s P. Diwan & Associates as Secretarial Auditor for a five-year term spanning FY2025-26 to FY2029-30, pending shareholder approval. The 36th Annual General Meeting has been scheduled for Thursday, July 24, 2025, at 3:00 p.m. IST via video conferencing. Book closure is set for July 18-24, 2025, with a cut-off date of July 17, 2025, and remote e-voting will run from July 19-23, 2025.
Routine governance update with no material financial impact. The new director represents the parent Oracle Corporation, reinforcing the parent-subsidiary alignment, while the auditor appointment is standard. Shareholders should note the AGM date and book closure period for voting and dividend eligibility purposes.