Tracxn Technologies Limited has informed the Exchange regarding Appointment of Mr. Akshay Bhushan (DIN: 07213022) as an Additional Director (Non-Executive Independent Director) of the Company, for a term of five (5) consecutive years, subject to approval of shareholders of the Company
TRACXN · price
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Tracxn Technologies reported FY26 revenues of Rs. 8,397.43 Lakhs, marginally lower than Rs. 8,446.73 Lakhs in FY25. The company posted a net loss of Rs. 789.02 Lakhs for FY26, an improvement from Rs. 954.41 Lakhs loss in FY25, with loss per share of Rs. -0.73. The Board appointed Mr. Akshay Bhushan, a former Lightspeed India Partner with 18+ years of VC experience, as Additional Non-Executive Independent Director for 5 years, pending shareholder approval. Statutory auditors will change from Price Waterhouse to M S K C & Associates LLP for 5 years, subject to shareholder approval at the 14th AGM. The company also dissolved its voluntary CSR Committee as applicable CSR provisions under the Companies Act do not currently apply to the company.
The appointment of an experienced VC investor as Independent Director strengthens board expertise in startup/tech investing, potentially positive for governance. The auditor change and financial results show routine corporate housekeeping with continued focus on cost management despite ongoing losses.