VIRTUALSOFT SYSTEMS LTD. - Board Meeting Outcome for Outcome Of Board Meeting Held On 01St March, 2024 As Per Regulation 30 Of The SEBI (LODR) Regulation, 2015

1. Board of Directors of the Company discussed the matter and has authorized Mr. Rajendra Virupaksha Kulkarni (Non-Executive & Non-Independent Director) to appoint a qualified / credible external agency to suggest ways and means of new growth opportunities (both organic / inorganic growth) that align with market trends and strategic fitment. The agency will come back with specific recommendations for the VSL Board on how to unlock and build value going forward