Nucleus Software Appoints Ms. Yasmin Javeri Krishan as Chairperson, Reinforcing Governance Depth and Inclusive Board Leadership

Noida, India, March 16, 2026 – Nucleus Software (BSE: NUCLEUS), a global leader in digital lending and transaction banking platforms, today announced the appointment of Ms. Yasmin Javeri Krishan as Chairperson of its Board of Directors, effective March 19, 2026. Ms. Krishan has served as a Non-Executive, Independent Director on the Board since July 2020 and has been associated with the Company’s wholly owned Singapore subsidiary Board since 2016, contributing significantly to strengthening governance processes and strategic oversight across the Group.

A rank-holding Chartered Accountant from the Institute of Chartered Accountants of India and an MBA (Finance and International Business) from the Stern School of Business, New York University, Ms. Krishan brings over two decades of global leadership experience across financial control, treasury, business intelligence, governance, executive search, and strategic advisory. Her career spans Price Waterhouse (India), American Express (US, India and Korea), and Citibank (Korea). She has also held senior financial leadership responsibilities as Financial Controller of an international educational institution in Saudi Arabia and has managed global education operations in Singapore. Her diverse international exposure across India, the United States, Korea, Saudi Arabia, and Singapore brings depth of perspective, strong analytical problem-solving capability, and a nuanced understanding of cross-cultural leadership.

Her appointment assumes particular significance in the context of corporate governance trends in India. According to published report (March 2025) on board diversity analyses based on NSE listed company disclosures, only 6% of Indian listed companies – 123 out of approximately 2,133 companies – currently have a woman serving as Chairperson of the Board. Further, nearly 46% of women chairpersons belong to promoter or founding families. Within leading market indices, representation remains limited, with approximately 7% of BSE-200 companies and 5% of NIFTY-500 companies having women chairpersons, underscoring how rare professionally elevated, independent women board chairs remain across India Inc.

In this context, Ms. Krishan’s elevation reflects Nucleus Software’s commitment to independent oversight, merit-driven leadership, and institutional governance anchored in discipline and long-term thinking.

Nucleus Software is in the process of institutionalizing Lean thinking and the Japanese principle of Hoshin Kanri – disciplined alignment between long-term vision and measurable execution. The Company’s governance model emphasizes strategic clarity, continuous improvement, and accountability across all levels of leadership. Ms. Krishan’s appointment further reinforces this framework of structured decision-making and sustainable value creation.

Commenting on the appointment, Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software, said: “Enduring institutions are built not merely on performance, but on principles. Our governance philosophy draws from Lean and Hoshin Kanri – aligning long-term vision with daily execution. Yasmin brings the financial rigor, global exposure, and independent judgment that strengthen this alignment.

Leadership diversity is not symbolic – it is strategic. As AI reshapes global banking ecosystems, resilient institutions require balanced and forward-looking oversight. Yasmin’s appointment reflects our conviction that excellence, inclusion, and disciplined governance must progress together.”

Ms. Yasmin Javeri Krishan added: “Nucleus Software represents structured growth built on integrity and accountability. I look forward to working closely with the Board and leadership team to ensure responsible oversight, sustainable expansion, and enduring stakeholder value.”

Nucleus Software continues to expand its AI-powered lending and transaction banking platforms across more than 50 countries. The appointment reinforces the Company’s focus on institutional continuity, strategic discipline, and governance excellence aligned with global best practices.