Prodocs Solutions Approves Material Related Party Transactions

Prodocs Solutions Ltd's Board of Directors met on October 9, 2026, and approved several material related party transactions. These include the acquisition of 40% equity shares of eData Solutions Inc. (a step-down subsidiary) by Prodocs Solutions Inc., USA, from promoter Mr. Manan Hiren Kothari for up to USD 1.5 million (approx. ₹15 Crores). Additionally, Prodocs Solutions Inc. will provide a loan or financial assistance of up to USD 1.5 million (approx. ₹15 Crores) to eData Solutions Inc. The board also approved a material related party transaction with Gemini Innovations Private Limited, involving corporate guarantee, loan advancement, and office premise leasing, where promoter Ms. Forum Kapashi has an interest. Shareholders' approval will be sought for these transactions via postal ballot and e-voting. The appointment of C.S. Ketan Ravindra Shirwadkar as Scrutinizer for the e-voting process was also approved.