Nature of change: Appointment of Chief Financial Officer (CFO) and Key Managerial Personnel (KMP)
Name and DIN: Mr. Poonacha Paruvangada Appaiah (DIN not disclosed in the document)
Effective date: August 07, 2026
Tenure: Shall hold office until resignation, retirement, or termination in accordance with company rules and policies
Profile and qualifications: Seasoned finance professional with approximately 30 years of experience in strategic financial management, treasury, taxation, financial reporting, people management, risk management, internal financial controls, and business restructuring. He is an Associate Member of the Institute of Chartered Accountants of India (ICAI) and a qualified Cost Accountant from the Institute of Cost Accountants of India (ICMAI). Holds a Bachelor of Commerce degree from St. Joseph's College of Commerce.
Previous experience: Prior to joining Excelsoft, was associated with India Cements Limited as Vice President – Finance & Accounts. Had long-standing association with United Breweries Limited, holding various senior leadership positions including CFO and Head of Finance.
Eligibility confirmation: Not subject to any debarment orders or restrictions by SEBI or any other regulatory authority that would disqualify him from holding the office of CFO. Compliance with BSE Limited circular ref no. LIST/COMP/14/2018-19 and National Stock Exchange of India Limited ref no. NSE/CML/2018/24 dated June 20, 2018 confirmed.
Relationship with directors: The appointee does not have any relationship with any of the Directors/Key Managerial Personnel of the Company.
Shareholding: Holds nil shares in the company
Approval process: Appointment based on recommendation of Nomination and Remuneration Committee and pursuant to assessment and approval of Audit Committee. Board of Directors approved the appointment at meeting held on August 07, 2026.
Board meeting timing: Commenced at 15:30 (IST) and concluded at 19:45 (IST)
