Excelsoft Technologies Ltd

AGM details

• AGM date/time: 24-09-2026, 15:30 IST, via VC/OAVM.
• Postal ballot last date: 24-09-2026.
• Record date for eligibility: 18-09-2026.
• Remote e-voting period: 21-09-2026 to 23-09-2026.

Resolutions

• Adopt audited standalone and consolidated financial statements; passed with 99.9979% in favour.
• Re-appoint director by rotation (Colin Hughes); passed with 99.9781% in favour.

Director changes

• Director re-appointment: Colin Hughes (DIN 02642180) re-appointed by rotation.

AGM Details

• Date/time/mode: 24 September 2026, 15:30–17:03 IST, VC/OAVM.
• Deemed venue: registered office; meeting conducted via VC/OAVM.
• Cut-off for voting eligibility: 18 September 2026; remote e-voting window: 21–23 September 2026.
• Attendees: 53 members participated; chair and KMP attended via VC/OAVM.

Key Resolutions

• Item 1 (Ordinary): Adopt Audited Standalone and Consolidated Financial Statements for FY2025-26.
• Item 2 (Ordinary): Re-appoint director Colin Hughes by rotation.

Voting Results

• Item 1 result not disclosed in the document.
• Item 2 result not disclosed in the document.

Director Changes

• Director changes: Colin Hughes to be re-appointed by rotation.

Auditor Status

• Statutory auditors issued an unmodified report for FY2025-26.
• No changes to statutory auditors reported.

Meeting Details

• Group virtual meeting: Bharat Connect Conference hosted by Arihant Capital, Sep 29, 2026 at 10:00 IST.

Participants

• Key company participants: Company Secretary, Chief Compliance Officer, and Chief Investor Relations Officer.

Purpose

• Purpose: participation in investor conference.

Additional Notes

• Note: No UPSI will be discussed.

Excelsoft Technologies Limited closes trading window from September 24, 2026 until 48 (Forty-Eight) hours after the declaration of the Un-audited Financial Results for the quarter ending September 30, 2026

Meeting Details

• Dates: September 8–9, 2026; 10:00 IST; physical roadshow in Mumbai.
• Type & mode: One-to-one and group meetings; Physical.
• Event: Roadshow in Mumbai.

Participants

• Key participants: company management representatives (Company Secretary, Chief Compliance Officer, Chief Investor Relations Officer).

Purpose

• Purpose: Analyst/Institutional investor meetings as per Listing Regulations.

Target overview

• Target: Excelsoft Technologies Canada Ltd, newly incorporated Canadian IT-enabled services subsidiary.
• Size: Charter capital NIL; Turnover NIL as a newly incorporated entity.
• Related party: WOS will be related party; common directors with Excelsoft.
• Industry: Information Technology (IT Enabled Services).
• Rationale: Facilitate operations and expand in Canada and North America, aligning with core business.
• Approvals: Not applicable.
• Timeline: Completion within 12 months; exchanges to be updated.
• Consideration: Cash.
• Cost: not disclosed.
• Shareholding: 100% ownership.
• Background: Canada-based IT services hub; incorporated Aug 27, 2026; turnover NIL; will provide software development.

AGM notice and access details

• 26th AGM scheduled for Sep 24, 2026 at 15:30 IST via VC/OVAM.
• Annual Report FY2025-26 and AGM notice accessible via the company's investor web page.
• Email address not registered; notice and AR sent via weblink to registered members.
• E-voting cut-off Sep 18, 2026; voting window Sep 21–23, 2026.
• AGM date and time: Sep 24, 2026 at 15:30 IST.
• Weblink for access: https://www.excelsoftcorp.com/investors/26th-annual-general-meeting/.
• KYC update requested; update email with RTA/DP for future communications.
• RTA contact MUFG Intime India Private Limited for queries.

AGM details

• 26th AGM on Sep 24, 2026 at 15:30 IST via VC/OAVM.
• Proxy facility not available under VC/OAVM format.

Voting window and eligibility

• Record date for voting entitlement: Sep 18, 2026.
• Remote e-voting opens Sep 21, 2026, 09:00 IST and closes Sep 23, 2026, 17:00 IST.
• Voting rights in proportion to shareholding on the cut-off date.

Director appointment

• Mr. Colin Hughes retires by rotation and is eligible for re-appointment.
• Board recommends continuation as Non-Executive Non-Independent Director.
• Annexures provide director profile and disclosures per Regulation 36 of LODR.

Governance and process

• MUFG Intime India Pvt Ltd engaged to conduct AGM and e-voting.
• Scrutinizer: Padmavathi & Vijayesh Associates LLP; report due within 2 working days.

Financial performance

• FY26 consolidated revenue: INR 2,725.21 Mn; YoY +16.82%.
• EBITDA INR 731.28 Mn; margin 26.83%.
• PAT INR 433.81 Mn; margin 15.92%.
• EPS INR 4.12; strong PAT growth on lower tax.
• Standalone revenue: INR 2,730.96 Mn; PAT INR 422.51 Mn.

Revenue mix and KPIs

• Education Tech Services: INR 1,536.21 Mn (56.37%).
• Assessment & Proctoring: INR 746.80 Mn (27.29%).
• Learning & Student Success: INR 321.60 Mn (11.80%).
• Learning Design & Content: INR 123.76 Mn (4.54%).
• Segment EBITDA by category: 394.16, 855.88, 22.15, 19.33 Mn.

Capital structure and liquidity

• No long-term debt; current borrowings nil.
• Total equity: INR 5,783.26 Mn; paid-up capital INR 1,150.84 Mn.
• Cash and bank balances: INR 1,461.03 Mn (end-FY26).
• Net debt to equity: Nil.

IPO and governance

• IPO completed Nov 26, 2025; listed on BSE/NSE.
• Board size: 8; 1 woman independent director.
• Dr Jayakumar Karuppusamy appointed as Independent Director (Mar 2026).
• CFO Subramaniam Ravi resigned effective Aug 31, 2026.

AI and product strategy

• Four AI-first products launched FY26: AI-Levate, Saras SchoolAI, Saras Assessments in-a-Box, CareerSPARC.
• In-house GPU infrastructure (NVIDIA A6000) and full-stack AI.
• 6% handwriting recognition accuracy; AI-enabled marking progress.
• Nine customer pilots; target to process up to 12 million scripts annually.

ESG, CSR and governance

• CSR outlay INR 5.34 Mn; 4 projects; 5.33 Mn annual obligation.
• Women in workforce 34.5%; women on board 37.5%.
• ISO27001, ISO9001, Cyber Essentials Plus certifications.

Risks, opportunities and outlook

• Top 5 clients contribute 67.61% of FY26 revenue; concentration risk.
• North America accounts for 64.86% of FY26 revenue; diversification needed.
• AI-driven demand and handwriting evaluation as growth engines; 50% product mix by FY29.

Outlook and strategic priorities

• Global edtech and assessment markets to grow amid AI adoption.
• Pipeline robust with government, publishing and vocational opportunities.
• Expand owned GPU footprint; scale GenAI revenue; pursue disciplined acquisitions.