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Excelsoft Appoints Retired IAS Officer Dr. J. Karuppusamy as Independent Director for 5 Years
Excelsoft Technologies has appointed Dr. Jayakumar Karuppusamy, a retired 1987-batch IAS officer and IIT/IIM alumnus, as an Independent Director for a five-year term effective March 10, 2026. Dr. Karuppusamy brings over two decades of experience in governance, technology, and administration, having served as Additional Chief Secretary and MD of State Bank of Sikkim. Alongside this appointment, the company has reconstituted its Audit and Nomination & Remuneration Committees, appointing Mr. Shivkumar Pundaleeka Divate as the new Audit Committee Chairperson. These leadership changes are aimed at strengthening the company's corporate governance and strategic oversight.
Key Highlights
Dr. Jayakumar Karuppusamy appointed as Independent Director for a 5-year term ending March 9, 2031
Appointee is a highly qualified professional with a PhD from IIT Kharagpur and a PGDM from IIM Bangalore
Mr. Shivkumar Pundaleeka Divate replaces Mr. Doreswamy Palaniswamy as Chairperson of the Audit Committee
Dr. Karuppusamy holds 4 Indian and 4 international patents and was recognized as an 'Amazing Indian' in 2023
The board meeting concluded in 41 minutes to approve these structural governance changes
💼 Action for Investors
Investors should view the addition of a high-profile former bureaucrat with technical and administrative expertise as a positive move for corporate governance. No immediate action is required, but this strengthens the board's oversight capabilities.
Excelsoft Appoints Retired IAS Officer Dr. Jayakumar Karuppusamy as Independent Director
Excelsoft Technologies has appointed Dr. Jayakumar Karuppusamy, a retired IAS officer and IIT/IIM alumnus, as an Additional Independent Director for a five-year term effective March 10, 2026. The board also approved the reconstitution of the Audit and Nomination & Remuneration Committees, with Mr. Shivkumar Pundaleeka Divate taking over as the Audit Committee Chairperson. Dr. Jayakumar brings over 20 years of experience in governance, technology, and administration, which is expected to strengthen the company's strategic oversight. This appointment is subject to shareholder approval and aligns with efforts to enhance corporate governance.
Key Highlights
Dr. Jayakumar Karuppusamy appointed as Independent Director for a 5-year term ending March 09, 2031.
Appointee is a retired 1987-batch IAS officer with a Ph.D. from IIT Kharagpur and a PGDM from IIM Bangalore.
Mr. Shivkumar Pundaleeka Divate appointed as the new Chairperson of the Audit Committee.
Dr. Jayakumar Karuppusamy currently holds zero shares in the company.
The board meeting concluded within 41 minutes, approving changes to two key statutory committees.
💼 Action for Investors
Investors should view the addition of a highly qualified independent director with deep administrative and technology experience as a positive for corporate governance. No immediate action is required as this is a routine but significant board strengthening measure.
SAT Slashes Penalties and Quashes Market Ban for Excel Realty N Infra
The Securities Appellate Tribunal (SAT) has provided significant relief to Excel Realty N Infra (now Landsmill Green Limited) by setting aside SEBI's previous market debarment orders. The tribunal quashed the heavy penalties under Section 15HA, reducing the company's penalty to just ₹2 lakh and the Managing Director's penalty from ₹90 lakh to ₹5 lakh. SAT noted that the company had successfully recovered a substantial portion of the long-outstanding advances, which justified the management's decision not to write them off earlier. This ruling removes the regulatory cloud over the promoters and allows them full access to the securities market.
Key Highlights
SAT set aside all penalties under Section 15HA related to fraudulent trade practices for all appellants.
Penalty for Excel Realty N Infra Limited reduced to ₹2 lakh from previous SEBI-imposed amounts.
Managing Director Lakhmendra Khurana's penalty slashed to ₹5 lakh, down from the initial ₹90 lakh.
All market debarment directions against the company and its directors have been quashed.
Tribunal recognized that the disputed ₹121 crore advances were for genuine business purposes with significant subsequent recoveries.
💼 Action for Investors
The removal of the market ban and drastic reduction in penalties is a major legal victory for the company. Investors should now focus on the company's operational performance under its new identity, Landsmill Green Limited.
SAT Reduces Penalties and Quashes Market Ban for Excel Realty N Infra (Landsmill Green)
The Securities Appellate Tribunal (SAT) has provided significant relief to Excel Realty N Infra Limited (now Landsmill Green) by setting aside SEBI's previous market debarment and reducing monetary penalties. The tribunal quashed the 2-year market ban on the CMD and the 1-year ban on other directors, while also setting aside penalties under Section 15HA related to fraudulent practices. The company's penalty was reduced to ₹2 lakh, and the CMD's penalty was cut to ₹5 lakh, down from much higher previous assessments. This ruling follows a dispute over the accounting treatment of ₹121 crores in advances made between 2008 and 2011.
Key Highlights
SAT set aside all penalties under Section 15HA and quashed market access debarment for the company and its directors.
Company's monetary penalty reduced to ₹2 lakh; CMD Lakhmendra Khurana's penalty reduced to ₹5 lakh.
The tribunal noted that substantial recoveries were made on the ₹121 crores in advances, justifying the company's decision not to write them off earlier.
Penalties for other executive directors and the CFO were reduced to ₹2 lakh each, while independent directors' penalties were cut to ₹1 lakh.
The order effectively concludes a long-standing regulatory dispute regarding financial misrepresentation from the 2016-2021 period.
💼 Action for Investors
The removal of the market ban on promoters and the reduction in penalties is a major regulatory win for the company. Investors should now focus on the company's operational performance under its new identity, Landsmill Green Limited.
Excelsoft Launches 'Saras Assessments in a Box' Globally for Assessment & Proctoring
Excelsoft Technologies Limited has announced the launch of its new product, 'Saras Assessments in a Box', on February 17, 2026. The product is categorized under Assessment and Proctoring Solutions and is designed to serve both domestic and international markets globally. Although the company stated the launch has not yet triggered the materiality threshold under SEBI regulations, it chose to disclose the event to uphold high corporate governance standards. This expansion reflects the company's focus on scaling its ed-tech product portfolio across global geographies.
Key Highlights
Launched 'Saras Assessments in a Box' on February 17, 2026, targeting the Assessment and Proctoring segment.
The product is designed for global availability, catering to both Indian and international markets.
The disclosure was made voluntarily as a measure of good corporate governance despite not meeting materiality thresholds.
The event was officially recorded at 17:21 IST on the date of the launch.
💼 Action for Investors
Investors should monitor the market reception and adoption rates of the Saras platform globally to assess its future contribution to revenue. While the current impact is non-material, it demonstrates the company's R&D capabilities and expansion intent.
Excelsoft Reports 29.5% Revenue Growth in Q3 FY26; EdTech Services Surge 58%
Excelsoft Technologies reported a strong Q3 FY26 with revenue reaching Rs. 710 million, a 29.5% YoY increase driven by a 58% surge in EdTech services. While EBITDA grew 9.15% to Rs. 197 million, margins compressed to 27.7% from 32.8% due to higher vendor costs and professional fees. The company secured major international contracts in the Philippines and UK, reinforcing its shift toward a platform-led recurring revenue model. Notably, the company improved its financial flexibility by releasing a Rs. 165 crore FD lien and withdrawing a Rs. 300 crore corporate guarantee.
Key Highlights
Revenue grew 29.5% YoY to Rs. 710 million, with the EdTech services vertical growing 58% YoY.
EBITDA stood at Rs. 197 million with a 27.7% margin, impacted by a 61% rise in other expenses.
Released Rs. 165 crore FD lien and withdrew Rs. 300 crore corporate guarantee, significantly improving liquidity.
Secured a multi-year digital examination contract with the Civil Services Commission of the Philippines starting 2026.
Top 10 customers contribute 80% of revenue with an average tenure of 11 years, providing high cash flow predictability.
💼 Action for Investors
Investors should monitor the transition to a platform-led model and the impact of AI infrastructure investments on long-term margins. The release of significant contingent liabilities and the planned shift to a Big Four auditor are positive signals for governance and financial health.
Excel Industries Q3 Net Profit Rises 31% YoY to ₹8.40 Cr; Revenue Up 19%
Excel Industries reported a 19% YoY growth in revenue from operations to ₹233.45 crore for the quarter ended December 31, 2025. Net profit for the quarter increased by 31.3% YoY to ₹8.40 crore, showing a recovery from the previous year's quarterly performance. However, for the nine-month period, net profit declined by 15.8% YoY to ₹60.69 crore, indicating some margin pressure earlier in the fiscal year. The company has also reorganized its reporting into a single 'Chemicals' segment and made a one-time provision of ₹1.15 crore for gratuity due to new Labour Codes.
Key Highlights
Quarterly Revenue from operations grew 18.8% YoY to ₹233.45 crore from ₹196.41 crore.
Net Profit for Q3 FY26 stood at ₹8.40 crore, up from ₹6.40 crore in the same period last year.
Nine-month (9M) Revenue increased to ₹813.12 crore compared to ₹730.23 crore in the previous year.
The company transitioned to a single operating and reportable segment named 'Chemicals' for better strategic focus.
An incremental provision of ₹115.42 lakhs was made for Gratuity following the notification of new Government Labour Codes.
💼 Action for Investors
The quarterly recovery in profit and revenue growth is a positive signal, though the year-to-date profit decline warrants a cautious outlook on overall margin stability. Investors should monitor if the new single-segment focus improves operational efficiency in upcoming quarters.
Excelsoft Q3 Revenue Jumps 29% YoY to ₹710 Mn; 9M PAT Surges 88%
Excelsoft Technologies reported a robust 29.45% YoY revenue growth in Q3 FY26, reaching ₹710.34 million, driven by strong momentum in Educational Technology Services. While Q3 PAT grew 7.68% to ₹102.96 million, the nine-month (9M FY26) performance was exceptional with PAT surging 88.37% to ₹267.81 million. The company is successfully expanding its global footprint, securing a major nationwide digital examination contract in the Philippines for 300,000+ annual candidates. However, EBITDA margins saw a contraction of 515 bps YoY in Q3 due to increased operational and employee expenses.
Key Highlights
Q3 FY26 Revenue from operations grew 29.45% YoY to ₹710.34 million.
9M FY26 PAT increased significantly by 88.37% YoY to ₹267.81 million.
North America remains the dominant market, contributing 72.2% of Q3 revenue compared to 62.1% last year.
Secured a strategic partnership with the Civil Service Commission of the Philippines for the CSC DeX initiative starting 2026.
EBITDA margins for Q3 FY26 compressed to 27.69% from 32.84% in Q3 FY25.
💼 Action for Investors
Investors should focus on the company's strong top-line growth and successful international expansion, particularly in the high-stakes assessment space. While margin compression in Q3 is a point of monitoring, the massive 9M profit growth and robust order pipeline suggest a positive long-term outlook.
Excelsoft Q3 FY26: Net Profit Surges 40% YoY to ₹13.34 Cr; 9M Profit Jumps 110%
Excelsoft Technologies reported a strong performance for Q3 FY26, with total income rising 29% YoY to ₹75.68 crore and net profit increasing 40% YoY to ₹13.34 crore. For the nine-month period (9M FY26), the company's net profit saw a massive 110% surge to ₹29.83 crore, driven by operational efficiencies and growth in high-margin segments. Revenue remains heavily export-led, with North America contributing over 72% in Q3, while the company secured significant international contracts in the UK and Philippines. Despite the profit growth, EBITDA margins in Q3 FY26 contracted to 28% compared to 33% in the same quarter last year.
Key Highlights
9M FY26 Net Profit (bei) surged 110% YoY to ₹29.83 crore from ₹14.22 crore in 9M FY25.
Q3 FY26 Total Income grew 29% YoY to ₹75.68 crore, with a 10% sequential growth over Q2.
North America remains the dominant market, accounting for 72.16% of Q3 revenue and 65.75% of 9M revenue.
Secured a major multi-year engagement with VTCT Skills (UK) for the Saras e-Testing platform and a strategic win in the Philippines.
EBITDA margins for Q3 stood at 28%, showing a slight improvement from Q2 (27%) but a decline from Q3 FY25 (33%).
💼 Action for Investors
Investors should focus on the company's strong international order book and the massive surge in 9M profitability as indicators of long-term value. However, monitoring the stabilization of EBITDA margins, which are lower than the previous year's levels, is recommended.
Excelsoft Technologies Announces Major Management Restructuring and New CS Appointment
Excelsoft Technologies has announced a significant restructuring of its senior leadership team to align with a revised operating model. Five senior executives have been redesignated into C-suite roles, including Chief Strategy, Sales, Operating, Administrative, and Innovations Officers, to clarify accountability. Additionally, the company appointed Mr. S.M. Adithya Jain as the new Company Secretary and Chief Compliance Officer, effective March 02, 2026, following the resignation of Mr. Venkatesh Dayananda. The new appointee brings over 10 years of experience from reputable listed firms like Biocon and Kaynes Technology.
Key Highlights
Redesignated 5 Senior Management Personnel (SMP) to C-suite titles to improve accountability and operating efficiency
Appointed Mr. S.M. Adithya Jain as Company Secretary, Chief Compliance Officer, and Chief Investor Relations Officer
Mr. Venkatesh Dayananda resigned as CS and Compliance Officer effective February 27, 2026, to pursue an alternate career
New CS appointee has over a decade of experience with major listed entities including Biocon, Syngene, and Kaynes Technology
Management changes for SMPs are effective immediately as of the board meeting held on February 06, 2026
💼 Action for Investors
Investors should view this as a routine organizational alignment; however, the hiring of a Compliance Officer from large-cap backgrounds suggests a focus on strengthening corporate governance. Monitor for any shifts in operational execution following the new C-suite designations.
Excelsoft Technologies Q3 FY26 Revenue Rises 10% QoQ to ₹713.25M; Net Profit at ₹91.19M
Excelsoft Technologies reported a steady performance for the quarter ended December 31, 2025, with revenue from operations growing 10.1% sequentially to ₹713.25 million. The company successfully completed its IPO during the quarter, listing on November 26, 2025, and raising fresh capital for expansion and IT infrastructure. Net profit stood at ₹91.19 million, which was impacted by a one-time exceptional charge of ₹40.72 million related to the implementation of new Labour Codes. The company also announced key management changes, including the appointment of a new Company Secretary and Chief Investor Relations Officer.
Key Highlights
Revenue from operations grew 10.1% QoQ to ₹713.25 million from ₹647.55 million in the previous quarter.
Net profit for the quarter reached ₹91.19 million, despite a ₹40.72 million exceptional item for Labour Code compliance.
Successfully completed IPO in November 2025, issuing 1.5 crore fresh shares at ₹120 each to raise ₹1,800 million.
Utilized ₹381.04 million of IPO proceeds by Dec 31, 2025, with ₹1,267.88 million remaining for planned CAPEX and IT upgrades.
Management transition completed with the appointment of a new Company Secretary, Chief Compliance Officer, and Chief Investor Relations Officer.
💼 Action for Investors
Investors should monitor the efficient deployment of the remaining ₹1,267.88 million IPO proceeds into planned infrastructure and IT upgrades. The underlying revenue growth is positive, though the impact of new labour regulations on long-term margins should be watched.
Excelsoft Technologies Q3 Net Profit at ₹110.3M; Revenue Up 10% QoQ Post-IPO
Excelsoft Technologies reported a standalone revenue of ₹713.25 million for Q3 FY26, representing a 10% sequential growth from the previous quarter. The company achieved a net profit of ₹110.30 million for the quarter, even after accounting for a one-time exceptional expense of ₹40.72 million related to new Labour Code provisions. This is the company's first financial disclosure since its successful listing in November 2025, where it raised ₹1,648.92 million through a fresh issue. Currently, about 77% of the IPO proceeds remain unutilized and are parked in fixed deposits for future capital expenditure.
Key Highlights
Revenue from operations for 9M FY26 reached ₹1,918.40 million, up 17.5% from ₹1,631.64 million in 9M FY25.
Reported an exceptional non-recurring hit of ₹40.72 million due to gratuity and compensated absence adjustments under new Labour Codes.
Successfully completed IPO in Nov 2025 at ₹120 per share, increasing paid-up share capital to ₹1,150.84 million.
Utilized ₹381.04 million of IPO proceeds primarily for land purchase and construction at the Mysore property.
Announced key management changes including the appointment of a new Company Secretary and Chief Investor Relations Officer.
💼 Action for Investors
Investors should track the timely utilization of the remaining ₹1,267.88 million IPO funds intended for IT infrastructure and facility upgrades. The core revenue growth remains healthy, making it a positive start for the newly listed entity.
Excel Industries Q3 FY26 Revenue Rises 19% to ₹233 Cr; PAT Up 31% YoY
Excel Industries reported a strong Q3 FY26 with revenue growing 19% YoY to ₹233 crore, driven by improved demand in performance solutions and better price realizations. While quarterly PAT rose 31% to ₹8 crore, the 9-month performance shows a cumulative decline in profitability with 9M PAT down 16% YoY to ₹61 crore. The company is planning a significant capital expenditure of ₹200-300 crore over the next three years for capacity expansion and technology upgrades. Export contributions remain steady, accounting for 27% of quarterly revenue.
Key Highlights
Q3 FY26 Revenue grew 19% YoY to ₹233 Cr, while Adjusted EBITDA rose 39% to ₹17 Cr.
9M FY26 Revenue increased 11% to ₹813 Cr, though PAT declined 16% to ₹61 Cr compared to the previous year.
Planned Capex of ₹200-300 Cr over the next 3 years for plant upgrades, product innovation, and capacity expansion.
Adjusted EBITDA margin for Q3 FY26 improved by 100bps YoY to 7.3% due to favorable product mix.
Export revenue contributed 27% to the total revenue in Q3 FY26, up from 22.3% for the 9-month period.
💼 Action for Investors
Investors should monitor the execution of the ₹200-300 crore capex plan and the recovery in 9-month profitability margins. The strong quarterly growth in performance solutions and biocides suggests a positive turnaround in demand that needs to be sustained.
Excel Industries Approves Unaudited Financial Results for Q3 FY2025-26
Excel Industries Limited has officially approved its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors met on February 3, 2026, for over four and a half hours to review and finalize the performance metrics. The submission includes the statutory Limited Review Report, ensuring regulatory compliance under SEBI guidelines. While the cover letter does not disclose specific profit figures, it confirms the completion of the audit committee's review process.
Key Highlights
Board approved financial results for the quarter and nine months ended December 31, 2025.
The Board meeting lasted approximately 4 hours and 40 minutes, concluding at 06:40 p.m.
Results were reviewed and recommended by the Audit Committee prior to Board approval.
The filing includes the Limited Review Report issued by the company's statutory auditors.
The announcement covers both Chemicals and Environment & Biotech divisions.
💼 Action for Investors
Investors should examine the detailed financial tables attached to the full report to evaluate margin performance in the chemical segment. Compare the year-on-year growth for the nine-month period ending December 2025 to assess the company's recovery or growth trajectory.
Excel Industries Approves Q3 FY26 Unaudited Financial Results
Excel Industries Limited's Board of Directors approved the unaudited financial results for the quarter and nine months ended December 31, 2025, during their meeting on February 3, 2026. The results were reviewed and recommended by the Audit Committee prior to board approval. While the specific financial figures were not detailed in the cover letter, the announcement confirms the completion of the statutory review for the third quarter. The board meeting concluded at 6:40 p.m. following a nearly five-hour session.
Key Highlights
Board approved unaudited financial results for the quarter ended December 31, 2025.
Financial results for the nine-month period ending December 31, 2025, were also cleared.
The Audit Committee conducted a prior review and recommendation of the financials.
A Limited Review Report from the statutory auditors has been filed with the results.
The board meeting lasted approximately 4 hours and 40 minutes.
💼 Action for Investors
Investors should closely examine the detailed financial tables and the Limited Review Report to evaluate the company's margin performance and revenue growth. Compare these results against industry peers in the chemicals and biotech sectors to assess relative performance.
Excel Realty Reports Q3 FY26 Net Loss of ₹26.66 Lakhs as Operational Revenue Hits Zero
Excel Realty N Infra Limited reported a weak performance for the quarter ended December 31, 2025, swinging to a net loss of ₹26.66 Lakhs from a profit of ₹148.82 Lakhs in the year-ago period. Alarmingly, the company reported zero income from operations for the quarter, with its total revenue of ₹176.72 Lakhs coming entirely from 'Other Income'. For the nine-month period ended December 2025, net profit has declined significantly to ₹110.88 Lakhs compared to ₹324.17 Lakhs in the previous year. The company also announced a major board overhaul with the appointment of three new Independent Directors.
Key Highlights
Income from operations fell to ₹0.00 in Q3 FY26 from ₹510.39 Lakhs in Q3 FY25.
Reported a net loss of ₹26.66 Lakhs for the quarter versus a net profit of ₹148.82 Lakhs YoY.
Total revenue for the quarter (₹176.72 Lakhs) was derived solely from Other Income.
Nine-month net profit dropped by 65.8% YoY to ₹110.88 Lakhs from ₹324.17 Lakhs.
Appointed three new Independent Directors: Mr. Arihant Bhansali, Ms. Daksha Nag, and Ms. Hema Sadnani.
💼 Action for Investors
Investors should exercise extreme caution as the core business operations generated no revenue during the quarter. The shift from profit to loss and the reliance on non-operational income are significant red flags regarding the company's current business health.
Excel Realty N Infra Reports Q3 Loss of ₹26.66 Lakhs and Zero Operational Revenue
Excel Realty N Infra Limited reported a disappointing set of results for the quarter ended December 31, 2025, swinging to a net loss of ₹26.66 lakhs from a profit of ₹148.82 lakhs in the same period last year. Revenue from operations collapsed to zero for the quarter, compared to ₹510.39 lakhs in Q3 FY25, with the company relying entirely on 'Other Income' of ₹176.72 lakhs. For the nine-month period, net profit fell sharply to ₹110.88 lakhs from ₹324.17 lakhs. Alongside the results, the company announced the appointment of three new Independent Directors and a reconstitution of its board committees.
Key Highlights
Reported a net loss of ₹26.66 lakhs in Q3 FY26 versus a profit of ₹148.82 lakhs in Q3 FY25.
Revenue from operations fell to zero for the quarter, down from ₹510.39 lakhs in the year-ago period.
Nine-month net profit declined by 65.8% year-on-year to ₹110.88 lakhs.
Total expenses for the quarter stood at ₹203.38 lakhs, resulting in an operating loss.
Appointed Mr. Arihant Bhansali, Ms. Daksha Nag, and Ms. Hema Sadnani as Additional Independent Directors.
💼 Action for Investors
The lack of operational revenue and the shift into a net loss are significant red flags for investors. Shareholders should exercise caution and monitor the company's ability to restart its core business operations before committing further capital.
Excel Realty N Infra Shareholders Approve Name Change, Capital Increase, and Leadership Shifts
Excel Realty N Infra Limited has received shareholder approval for 11 key resolutions via postal ballot, including a name change and an increase in authorized share capital. Significant leadership changes were approved, with Mr. Ankit Mehra re-designated as Managing Director and Mr. Lakhmendra Chamanlal Khurana moving to a Director role. The company also secured approval to increase borrowing limits and create charges on assets, signaling potential future expansion or debt restructuring. Additionally, investment limits for Foreign Portfolio Investors (FPIs) and NRIs were increased to attract broader capital.
Key Highlights
All 11 resolutions passed with over 99% majority of votes polled by participating shareholders.
Approval granted for increasing borrowing limits under Section 180(1)(c) and creating mortgages on company assets.
Shareholders approved the change of the company's name and consequent alteration of the Memorandum of Association.
Investment limits for NRIs, OCIs, FIIs, and FPIs have been increased to facilitate higher foreign participation.
Leadership transition: Mr. Ankit Mehra appointed as MD; Mr. Lakhmendra Khurana moves from CMD to Director.
💼 Action for Investors
Investors should monitor the company's strategic shift following the name change and how they utilize the newly approved borrowing limits for growth. The increased FII/FPI limits could lead to improved liquidity and institutional interest in the long term.
Excel Realty Shareholders Approve Name Change, Higher Borrowing Limits, and Leadership Shift
Excel Realty N Infra Limited has received shareholder approval for 11 key resolutions via postal ballot, including a change in the company's name and an increase in authorized share capital. Significant leadership changes were ratified, with Ankit Mehra re-designated as Managing Director and Lakhmendra Chamanlal Khurana moving to a Director role. The company also secured approval to increase borrowing limits and create charges on assets, signaling potential expansion or fundraising plans. Additionally, investment limits for NRIs, OCIs, and FIIs have been increased to attract broader capital participation.
Key Highlights
Shareholders approved an increase in Authorised Share Capital and a complete change of the Company Name.
Borrowing limits under Section 180(1)(c) and creation of charges on assets were approved with over 99.8% majority.
Leadership transition confirmed with Ankit Mehra becoming Managing Director and Lakhmendra Chamanlal Khurana moving to a Director role.
Increased investment limits for Foreign Institutional Investors (FIIs) and NRIs to facilitate higher foreign equity participation.
All 11 resolutions, including the appointment of new directors, were passed with the requisite majority.
💼 Action for Investors
Investors should monitor the company's upcoming announcements regarding the specific new name and how the increased borrowing limits will be utilized for expansion. The management reshuffle suggests a new strategic direction that warrants close observation of the next few quarterly results.
Excelsoft Partners with Philippines CSC for Digital Exams; Initial Rollout of 50,000 Tests
Excelsoft Technologies has secured a partnership with the Civil Service Commission (CSC) of the Philippines and ASEAMETRICS to deliver the CSC Civil Service Digital Examination (CSC DeX). The project will utilize Excelsoft's SARAS eAssessment platform for an initial rollout of 50,000 tests starting in 2026. This digital transformation aims to replace legacy testing modes in a market where over 300,000 candidates participate in civil service exams annually. The contract highlights Excelsoft's ability to scale its AI-enabled proctoring and assessment solutions in international government sectors.
Key Highlights
Partnership with ASEAMETRICS to implement digital examinations for the Philippine Civil Service Commission.
Initial rollout phase scheduled for 2026 covering up to 50,000 tests.
Targeting a total addressable market of over 300,000 annual civil service candidates in the Philippines.
Deployment of proprietary SARAS and easyProctor platforms featuring AI-enabled remote monitoring.
Strategic shift from legacy paper-based testing to a scalable, cloud-based digital assessment system.
💼 Action for Investors
Investors should monitor the execution of the initial 50,000-test phase as a successful rollout could lead to capturing the full 300,000+ annual candidate volume. This international contract validates the company's SaaS-based assessment technology in the high-integrity government sector.