Logiciel Solutions Ltd

US subsidiary investment

• Board approved investment to make Logiciel Solutions Inc. a USA wholly-owned subsidiary.
• Investment of USD 10,000 for 1,000,000 shares at USD 0.01 par.
• Wholly-owned subsidiary; related party post-transaction; arm's length basis.

Leadership appointments

• Anshul Sharma appointed Vice President—Sales, 21 April 2026; permanent with 6-month probation.
• Ram Prakash Varanasi appointed Healthcare Practice Head on 24 June 2026; 3-month contract.

AI R&D initiative

• AI R&D Practice established; effective March 2026.
• Team led by Kumar Gaurav; 4-member AI engineering group.
• Funds allocated from IPO for R&D; aims to develop proprietary AI tools.
• Expected benefits: improved delivery efficiency, new revenue streams, strengthened competitive position.

Regulatory compliance note

• Delay in SMP disclosures due to interpretational oversight; corrected with record and strengthened controls.

Target and deal structure

• Logiciel Solutions Inc., Delaware, USA, incorporated 15 June 2026, to become a wholly-owned subsidiary.
• Target is newly formed; turnover and size not applicable yet.
• Cash consideration of USD 10,000 for 1,000,000 shares (par USD 0.01).
• 100% stake acquired; subsidiary becomes wholly-owned.
• Promoter group will have indirect interest via parent shareholding; investment on arm's length basis.
• Industry: IT Services, including software development, IT consulting and IT staffing.
• Strategic rationale: expand in North America; maintain same business lines.
• Regulatory: no prior approvals required; subject to FEMA and other laws.
• Completion timeline: incorporation completed; subscription/allotment upon remittance.
• Background: newly formed entity; no turnover history yet.

Related party and governance

• Acquired subsidiary will be a related party; promoters hold indirect stake.
• Investment is on an arm's-length basis.
• Appointment: Anshul Sharma named Vice President, Sales.
• Anshul Sharma appointment date: 21 April 2026.
• Appointment: Ram Prakash Varanasi as Healthcare Practice Head.
• Ram Prakash Varanasi appointment date: 24 June 2026; 3-month initial term.
• No related-party relationships with directors.

AI R&D Practice

• AI Research & Development Practice established; effective March 2026.
• Team lead: Kumar Gaurav; GenAI Engineer.
• Four-member AI engineering team; ring-fenced from staff augmentation.
• Objective: develop proprietary AI tools and AI-enabled workflows.
• Funding: IPO funds earmarked for R&D.
• Expected impact: efficiency gains and new revenue streams.

Target background

• Logiciel Solutions Inc. is newly incorporated; Delaware, USA; incorporated 15 June 2026.
• Turnover history not applicable; operations have not commenced.

Certificate submission status

• Certificate from Maashitla Securities Private Limited, RTA, submitted for quarter ended 30 June 2026.