Corporate Announcement - Board Reconstitution

Board Meeting Details

The Board of Directors meeting was held on 07.09.2026 from 6 PM to 9 PM in Bengaluru.

Board Decisions Approved

1. Re-appointment of Managing Director and Chairman

  • Mr. Asif Khader re-appointed as Managing Director and Chairman
  • Term: 5 years (five years)
  • Subject to approval of members at the ensuing Annual General Meeting

2. Completion of Tenure of Independent Director

  • Ms. Akthar Begum completed her tenure as Independent Director of the Company

3. Appointment of Non-Executive Director

  • Ms. Akthar Begum appointed as Non-Executive Director
  • Subject to approval of members, wherever applicable

Director Profiles (Annexure I)

Mr. Asif Khader (DIN: 00104893)

  • Designation: Managing Director and Chairman
  • Address: CG-01/02, No.39, HM Gladiolus Apartments, Aga Abbas Ali Road, Ulsoor, Bangalore-560042
  • Age: 60 Years
  • Qualifications: BE
  • Nature of Expertise: Information Technology and Business Management
  • Experience: 35 Years
  • Brief Profile: Associated with software business, entrepreneur and businessman for 35 years
  • PAN: ABYPK7883N
  • Relationship with other directors: Elder brother of Mr. Mueed Khader
  • Terms of reappointment: As per Appointment letter
  • Last drawn remuneration: Nil
  • Proposed remuneration: As per Appointment letter
  • Date of first appointment: 30.04.2002
  • Shareholding: 4,10,02,500 Equity Shares
  • Board meetings attended in FY 2025-26: 6 meetings
  • Other Directorships: 8 companies as listed in Annexure A

Ms. Akthar Begum

  • Designation: Non-Executive Director (proposed)
  • Date of Birth: 26/07/1957
  • Age: 69 years
  • Qualifications: LLB, Masters in Arts
  • Nature of Expertise: Accounting, Finance & Law
  • Experience: Practicing lawyer in High Court and lower courts in Karnataka for more than 20 years
  • Terms of appointment: Non-Executive and Non-independent director, period of office liable to determination by retirement of directors by rotation
  • Last drawn remuneration: Nil
  • Proposed remuneration: As per nomination and remuneration policy of the company
  • Date of first appointment: 12th August 2016
  • Shareholding: Nil
  • Relationship with other directors: NA
  • Other Directorships:
  • Starcom Information Technology Limited
  • Caravel Info Systems Private Limited
  • Cranes Varsity Private Limited
  • Analytix Systems Private Limited
  • Systat Software Asia Pacific Limited
  • Proland Softwares Private Limited
  • Committee Memberships (Starcom Information Technology Limited):
  • Chairman of Audit Committee
  • Chairman of Nomination & Remuneration Committee
  • Member of Stakeholder Relationship Committee

Other Directorships of Mr. Asif Khader (Annexure A)

1. SEA EQUITY ENTERPRISES PRIVATE LIMITED (CIN: U07010KA2005PTC036851) - Director since 27/07/2005

2. K & J TELECOM PRIVATE LIMITED (CIN: U85110KA1989PTC009902) - Director since 05/01/2010

3. KANDJ HOLDINGS PRIVATE LIMITED (CIN: U67120KA1996PTC021421) - Director since 21/11/1996

4. JANSONS LAND AND PROPERTY DEVELOPMENT PRIVATE LIMITED (CIN: U85110KA1996PTC019986) - Director since 05/01/2010

5. CARAVEL INFO SYSTEMS PRIVATE LIMITED (CIN: U72100KA1998PTC023805) - Director since 11/07/2007

6. PROLAND SOFTWARES PRIVATE LIMITED (CIN: U72200KA1991PTC012051) - Director since 11/07/2007

7. ANALYTIX SYSTEMS PRIVATE LIMITED (CIN: U72200KA1997PTC023011) - Director since 24/05/2006

8. SYSTAT SOFTWARE ASIA PACIFIC LIMITED (CIN: U72900KA2001PLC029652) - Director since 15/10/2001