Change in Director / Key Managerial Personnel
Nature of change: Appointment of Senior Management Personnel
Name and DIN of the individual: Mr. William Swift (also referred to as Bill Swift). DIN not disclosed in the document.
Effective date and tenure: Date of appointment is October 22, 2026. Tenure details not disclosed.
Brief profile and relevant qualifications or experience: Mr. Swift joined the Capillary group in April 2023 pursuant to the acquisition of Brierley. At Brierley, he architected and built its original loyalty software platform, and subsequently served as its Chief Technology Officer and later as its Chief Executive Officer. Since joining Capillary, he has served as Chief Technical Architect – North America, engaging with new and existing clients, building strategic partnerships and supporting business development.
Confirmation of eligibility under SEBI/BSE/NSE norms: Not explicitly mentioned in the disclosure.
Relationship with other directors: Disclosure states "Not Applicable" for relationships between directors.
Previous KMP: The document does not mention who held the position earlier or what happened to their tenure.
Potential financial impact: The appointment is expected to strengthen the company's leadership in the Americas region. Mr. Swift will oversee the Company's operations across the United States, Canada, Mexico, Central America and South America, which could impact business development and strategic partnerships in these markets.
Key Financial or Operational Approvals
Decisions taken at the board or committee level: The Board of Directors approved the appointment of Mr. William Swift as President – Americas Region and designated him as a Senior Management Personnel of the Company. This approval was based on the recommendations of the Nomination and Remuneration Committee and was done via a Circular Resolution passed on October 22, 2026.
Capital Expenditures (CapEx), Debt, or Equity-related Decisions: No financial approvals related to CapEx, debt, or equity were disclosed.
Cash flow, leverage, or margin implications: Not disclosed.
Auditor's opinion or specific remarks: Not applicable to this disclosure.
Strategic or Business Context
Business outlook, risks, trends, or macro/micro developments: The appointment signals continued focus on the Americas market expansion. Mr. Swift's experience with loyalty software platforms and his previous roles as CTO and CEO suggest a strategic emphasis on technology leadership and business development in the region.
Segment-wise insights: The Americas region specifically includes United States, Canada, Mexico, Central America and South America operations.
Material changes in business strategy: The appointment reinforces the company's commitment to the Americas market following the Brierley acquisition in April 2023.
Any Other Material Information
Regulatory compliance: The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 including amendments thereon.
Company details: Capillary Technologies India Limited, CIN- L72200KA2012PLC063060, Registered Office - 360, bearing PID No: 101, 360, 15th Cross Rd, Sector 4, HSR Layout, Bengaluru, Karnataka 560102
Contact information: Email: secretarial@capillarytech.com, Website: www.capillarytech.com, Tel: 080-41225179