CFO appointed; 100% German software unit acquired for up to EUR 1.1 million

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Price reactionminutes from the announcement price · days from the prior close

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-1.2% vs market

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AI summary

The board appointed Deepak Bang as CFO and key managerial personnel effective September 17, 2025. Bang has 18 years of finance experience. SoftTech will acquire 100% of Germany-based SoftTech Digital AG for up to EUR 1.1 million in cash, subject to closing adjustments. The deal is expected to close by end-December 2025. The target develops software for construction and infrastructure firms and reported no turnover for the year ended March 31, 2025.

Likely market impact

CFO hiring aids oversight; the acquisition expands SoftTech's German reach. Risks include integration and up to EUR 1.1 million of cash spending.