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

Kairosoft AI Solutions has announced the outcome of a board meeting. The company approved its financial results for the quarter, reporting a loss after tax of 1.74 Cr. Auditors highlighted a significant concern that the company appears to meet the criteria for a non-banking financial company but is not registered. Leadership changes include Mr. Santosh Kumar Kushawaha's appointment as an Additional Director, the resignation of Mr. Prashant Sethi as Executive Director, and Mr. Deva Ram's re-designation to Executive Director with a 0.12 Cr annual remuneration. Funds from the 19.57 Cr Rights Issue were utilized as planned, for working capital, capital expenditure, and general corporate needs, with no reported deviation.