Excelsoft Technologies Incorporates Wholly Owned Subsidiary in Canada

Excelsoft Technologies Limited has announced the incorporation of its wholly owned subsidiary (WOS) in Canada, named "Excelsoft Technologies Canada Ltd.", on August 27, 2026. This move is a continuation of the company's earlier disclosure and Board approval for international expansion. The WOS is intended to facilitate business operations and support expansion in the Canadian and North American markets. The activities of the Canadian company are aligned with Excelsoft's principal business in Information Technology Enabled Services. The incorporation involves common directors with the parent company, and the transaction is proposed to be on an arm's length basis, with approvals from the Audit Committee and Board of Directors. Cash consideration will be involved, with further details on acquisition cost to be updated.