Date: August 07, 2026

Board Meeting Outcomes

  • The Board of Directors meeting held on August 07, 2026 (Friday) approved the incorporation of a wholly owned subsidiary in Canada
  • Meeting commenced at 15:30 IST and concluded at 19:45 IST
  • Approval is subject to obtaining requisite approvals and completion of applicable statutory and regulatory formalities

Subsidiary Details

Proposed Company Names:

  • Excelsoft Technologies Ltd.
  • Excelsoft Technologies Canada Ltd
  • Excelsoft Technology Services Ltd

Key Information:

  • Country of incorporation: Canada
  • Date of Incorporation: To be incorporated
  • Industry: Information Technology (IT) Enabled Services
  • Holding Company: Excelsoft Technologies Limited
  • Nature of Relation: Wholly Owned Subsidiary
  • Percentage of shareholding: 100% by Excelsoft Technologies Limited

Proposed Directors:

  • Mrs. Sudhanva Shruthi
  • Mr. Adarsh Sudhindratheertha Mysore
  • Mr. Pappur Shankar (Canadian Citizen)

Note: Director information subject to change based on finalization and approval by relevant authorities

Business Activities:

The subsidiary will engage in development, licensing, marketing, sale, implementation and support of software products and digital technology platforms, including:

  • Learning solutions
  • Assessment solutions
  • Proctoring solutions
  • Artificial intelligence solutions
  • Analytics solutions
  • Related IT consulting
  • System integration
  • Managed services
  • Customer support activities

Investment Details:

  • Initial investment: Up to ₹3 million (Three Million)
  • Consideration: Cash
  • Cost of subscription/price: Will be intimated to Stock Exchange upon finalization

Regulatory Requirements:

  • Governmental/regulatory approvals: As required to incorporate a company under Canadian laws
  • Final intimation will be provided to stock exchanges upon successful incorporation

Regulatory Compliance:

Disclosure made pursuant to:

  • Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015
  • Para A of Part A of Schedule III to Regulation 30 of SEBI Listing Regulations
  • SEBI Master Circular No.: HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026

Additional Information

  • Company CIN: L72900KA2000PLC027256
  • Company addresses: Mysuru, Hyderabad, and Noida locations provided
  • Information available on company website: https://www.excelsoftcorp.com/investors/