Pursuant to Reg 30 of SEBI (LODR) Regulation 2015 M/S KRS and Co is appointed as Secretarial Auditor of the Company for conducting the Secretarial Audit for the Financial Year 2025-26.
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The Board of Prodocs Solutions Limited, at its meeting on 17 March 2026, approved three key items. First, an additional investment of up to USD 1.5 million in its wholly owned US subsidiary Prodocs Solutions Inc. via a rights issue of shares. Second, a further downstream investment of up to USD 1.5 million by Prodocs Solutions Inc. into edata Solutions Inc. (USA), with the goal of making edata a 100% subsidiary. Third, the appointment of M/s. KRS and Co., Practicing Company Secretaries (Thane), led by CS Ketan Ravindra Shirwadkar, as the Secretarial Auditor for FY 2025-26. The transactions are at arm's length, though promoters Manan Kothari and Pallavi Kothari have disclosed interest in edata Solutions Inc. edata Solutions reported a turnover of around Rs. 46.3 crore as of 31 December 2025 (down from Rs. 50 crore in 2024).
The investments signal expansion into the US IT-enabled services market through the US step-down subsidiary, potentially giving the company access to edata's existing client base. The secretarial auditor appointment is a routine regulatory requirement and unlikely to move the stock on its own.