Excelsoft Technologies Limited has incorporated a wholly owned subsidiary (WOS) in Canada named Excelsoft Technologies Canada Ltd. on August 27, 2026. This disclosure is made pursuant to Regulation 30 of the SEBI Listing Regulations and follows the company's earlier disclosure dated August 07, 2026.

Subsidiary Details

  • Name of WOS: Excelsoft Technologies Canada Ltd.
  • Holding Company: Excelsoft Technologies Limited
  • Country of Incorporation: Canada
  • Date of Incorporation: August 27, 2026
  • Charter Capital: NIL
  • Industry: Information Technology (IT) Enabled Services
  • Directors:
  • Mrs. Shruthi Sudhanva (Promoter and Whole-time Director of Excelsoft Technologies Limited)
  • Mr. Doreswamy Palaniswamy (Chief Executive Officer of Excelsoft Technologies Limited)

Transaction Details

  • Related Party Status: The WOS is a related party of Excelsoft Technologies Limited due to common directors
  • Arm's Length Basis: The transaction has been reviewed and approved by the Audit Committee and Board of Directors as an arm's length transaction
  • Consideration: Cash consideration (exact amount not disclosed)
  • Shareholding: Excelsoft Technologies Limited will hold 100% of the shareholding
  • Completion Timeline: Within 12 months (to be updated subsequently)
  • Government Approvals: Not applicable

Business Purpose

The incorporation of the Canadian subsidiary is intended to facilitate the company's business operations and support expansion in Canadian and broader North American markets. The WOS will serve as a Business Development and Sales hub and will provide software development services to local customers. The activities are aligned with and complementary to the principal business activities of Excelsoft Technologies Limited.

Current Status

Excelsoft Technologies Canada Ltd. is newly incorporated and has not yet commenced business operations. It has no turnover currently. The company will update the stock exchanges with cost of acquisition details upon completion of the acquisition of the entire share capital.

Additional Information

The event occurred on August 28, 2026 at 10:35 IST. This information is also available on the company's website at https://www.excelsoftcorp.com/investors/.