Kairosoft AI Solutions Ltd — Updates, 05-08-2025: Company Update

The company's board has approved its Q1 financial results for the quarter ended June 30, 2025, reporting a loss of ₹1.74 Cr. Auditors highlighted a critical issue: the company meets NBFC criteria but is unregistered, impacting disclosure. Key management changes include Mr. Santosh Kumar Kushawaha's appointment as Additional Director and Executive Director Mr. Prashant Sethi's resignation. Additionally, Mr. Deva Ram's designation changed to Executive Director with an annual remuneration of ₹12 lakh. All director changes are subject to shareholder approval. The ₹19.57 Cr raised through the rights issue is being utilized as planned, with ₹5.80 Cr remaining.