Cranes Software International Limited has announced significant changes within its Board of Directors. The company’s Board Meeting on September 7, 2026, saw the approval for the re-appointment of Mr. Asif Khader as Managing Director and Chairman for a five-year term. Additionally, Ms. Akthar Begum was redesignated from Independent Director to Non-Executive, Non-Independent Director, subject to member approval.
Board Meeting Outcome
In a significant development for Cranes Software International Limited, the Board of Directors convened on September 7, 2026, to discuss and approve several key appointments and re-appointments. The meeting, held from 6 PM to 9 PM, addressed critical governance and leadership matters.
Leadership Appointments
Re-appointment of Managing Director and Chairman
The Board unanimously approved the proposal for the re-appointment of Mr. Asif Khader as the Managing Director and Chairman of the Company. This re-appointment is for a further term of five (5) years, commencing from 07/09/2026 and ending on 06/09/2031. This decision is subject to the approval of the Members at the upcoming Annual General Meeting (AGM). Mr. Khader’s continued leadership is seen as beneficial due to his extensive experience and business acumen.
Redesignation of Independent Director
The Board also considered and approved the redesignation of Ms. Akthar Begum from Independent Director to Non-Executive, Non-Independent Director. This change, effective from 12.08.2026, is a result of her completing the maximum permissible tenure as an Independent Director. The Board highlighted Ms. Begum’s extensive experience and valuable contribution to the company’s strategic direction and growth. This redesignation is also subject to member approval where applicable.
Other Board Decisions
The Board took note of the completion of Ms. Akthar Begum’s tenure as an Independent Director.
The meeting also covered routine businesses including the convening of the 41st Annual General Meeting (AGM) scheduled for Wednesday, September 30, 2026, via Video Conferencing. The record date for determining member eligibility for the AGM was set as Wednesday, September 23, 2026. The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026, inclusive.
Furthermore, the Annual Report, Directors’ Report, and other annexures were approved by the Board for submission at the upcoming AGM.
Source: BSE
