iCodex Publishing Solutions Board Approves FY26 Results, Appoints Vishnu Prasad as Independent Director

iCodex Publishing Solutions Limited has informed stock exchanges of the outcome of its Board of Directors meeting held on Friday, May 15, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting, which commenced at 03:00 PM and concluded at 03:55 PM IST, covered several key agenda items including the approval of audited financial statements, appointment of a new independent director, and noting of an extension in the timeline for utilization of IPO proceeds.

Board Meeting Outcomes

The board considered and approved multiple significant matters at its May 15, 2026 meeting. The key decisions taken are summarised below:

Parameter: Details Meeting Date: Friday, May 15, 2026 Meeting Time: 03:00 PM – 03:55 PM IST Regulatory Filing: Regulation 30, SEBI (LODR) Regulations, 2015 Agenda Items: FY26 Audited Financials, Director Appointment, IPO Proceeds Extension Period Under Review: Half Yearly and Financial Year ended March 31, 2026

Financial Results and Audit Reports

The board approved the Half-Yearly Audited Financial Statements and Yearly Audited Financial Statements of the company for the period ended March 31, 2026, along with the Statement of Assets and Liabilities, Cash Flow Statement, and related notes, as recommended by the Audit Committee. The board also took note of the Internal Audit Report presented by its Internal Auditors, M/s PSSJ & Co LLP (FRN: 117359W/W100966), for the financial year ended March 31, 2026. Additionally, the Statutory Audit Report issued by the Statutory Auditors, M/s JMMK & Co., Chartered Accountants (FRN: 120459W), on the audited financial statements was placed on record.

IPO Proceeds Timeline Extension

The board took note of an extension in the timeline for utilization of IPO proceeds for the objects as stated in the Prospectus, citing business and operational exigencies. The revised timeline for utilization is to be disclosed in applicable statutory filings and reports in accordance with the applicable provisions of law.

Appointment of Mr. Vishnu Prasad as Additional Independent Director

In a significant governance development, the board approved the appointment of Mr. Vishnu Prasad (DIN: 06513249) as an Additional Director in the category of Independent Director, effective May 15, 2026, based on the recommendation of the Nomination and Remuneration Committee (NRC). The appointment is subject to shareholder approval at the ensuing Annual General Meeting and other applicable regulatory approvals. Subject to such approval, Mr. Vishnu Prasad shall be appointed as an Independent Director for a term of five consecutive years commencing from May 15, 2026. The company has confirmed that Mr. Vishnu Prasad is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority. The board also approved his appointment as a Member of the Nomination and Remuneration Committee with effect from May 15, 2026.

Parameter: Details Name: Mr. Vishnu Prasad DIN: 06513249 Designation: Additional Independent Director Effective Date: May 15, 2026 Term (subject to shareholder approval): 5 consecutive years from May 15, 2026 Committee Membership: Nomination and Remuneration Committee

Director Profile

Mr. Vishnu Prasad is an alumnus of the Indian Institute of Management, Calcutta, and holds a Master of Business Law from the National Law School of India University, Bangalore. He is also a Certified Independent Director empanelled in the Independent Directors' Databank maintained by the Indian Institute of Corporate Affairs. Mr. Prasad brings over 30 years of leadership and operational experience across IT/ITES, LegalTech, publishing, digital media, and business process management sectors. He has held senior leadership positions at organisations including Amnet Systems Private Limited and kriyadocs, among other technology-driven businesses. His expertise spans strategic advisory, operational restructuring, digital transformation, process excellence, global delivery management, mergers and acquisitions support, and mentoring of start-ups and growth-stage businesses.

The intimation was signed by Kamalakkannan Govindaraj, Managing Director (DIN: 08144289), on behalf of iCodex Publishing Solutions Limited. The above information has also been made available on the company's official website in compliance with applicable provisions.

iCodex Publishing Solutions Limited has secured significant financial backing with its Board of Directors approving substantial credit facilities from ICICI Bank. The decision was made during a board meeting held on April 22, 2026, marking a strategic move to strengthen the company's financial position.

Credit Facility Details

The board approved credit facilities from ICICI Bank's Viman Nagar Branch with comprehensive terms for business expansion:

Parameter: Details Total Facility Amount: Rs 10,80,00,000 (Rs Ten Crore Eighty Lakhs) Banking Partner: ICICI Bank, Viman Nagar Branch Documentation: Credit Arrangement Letter (CAL) Purpose: Working capital, general corporate purposes, and capex

Regulatory Compliance

The company has ensured full adherence to statutory requirements in structuring these credit facilities. The proposed borrowings fall within the permissible limits under Section 180(1)(c) of the Companies Act, 2013, demonstrating prudent financial management.

Additionally, iCodex Publishing Solutions will create charges on company assets in compliance with Section 180(1)(a) of the Companies Act, 2013, to the extent applicable. This approach ensures proper security arrangements while maintaining regulatory compliance.

Board Meeting Proceedings

The board meeting was conducted efficiently with clear timelines:

Meeting Date: April 22, 2026

Start Time: 12:00 p.m.

Conclusion: 12:30 p.m.

Duration: 30 minutes

The meeting was presided over with Company Secretary and Compliance Officer Nandini Kanak Shah ensuring proper documentation and regulatory compliance throughout the proceedings.

Strategic Implications

These credit facilities position iCodex Publishing Solutions to pursue growth opportunities across multiple business areas. The funding allocation for working capital will support day-to-day operations, while the provision for capital expenditure enables infrastructure development and expansion initiatives. The inclusion of general corporate purposes provides operational flexibility for strategic decisions.

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