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The board of Prodocs Solutions Ltd, at its meeting on 17 March 2026, approved an additional investment of up to USD 1.5 million (about Rs. 12.5 crore) into its US wholly-owned subsidiary, Prodocs Solutions Inc., via a rights issue of shares. The US subsidiary will in turn invest up to USD 1.5 million into edata Solutions Inc. (USA) to convert it into a 100% step-down subsidiary. Edata Solutions Inc. is a US-based IT-enabled services company incorporated in 2013, with a turnover of around Rs. 46.3 crore as of December 2025 (down from Rs. 50 crore in 2024 and Rs. 52.3 crore in 2023). The board also appointed M/s. KRS AND CO., Practicing Company Secretaries (Thane), as Secretarial Auditor for FY 2025-26.
Shareholders should note that the company is committing roughly USD 3 million (around Rs. 25 crore) of fresh capital into its US operations to gain full control of an established IT services business, which could broaden its revenue base in the US but increases overseas capital exposure. The transaction is classified as a related-party deal at arm's length, with promoter Manan Kothari and his mother Pallavi Kothari having an interest in edata Solutions Inc., so investors should watch the deal valuation and completion within the stated two-month timeline.