Info Edge Divests Medcords, Unnati Stakes; Invests ₹150 Cr

Divestment of Medcords Healthcare Solutions Private Limited Stake:

Approved divestment of entire 14.18% holding in Medcords Healthcare Solutions Private Limited on fully converted & diluted basis
Divestment to be executed through wholly-owned subsidiary Startup Investments (Holding) Limited (SIHL)
Full impairment provision against this investment was booked in FY 2023-24
Post-divestment, Medcords will cease to be a Joint Venture of the Company
Sale agreement to be entered into within 30 days from Board approval (by November 27, 2026)
Expected completion date: January 27, 2027
Consideration: Approximately ₹5,000
Buyer: Mr. Shreyans Mehta (Director and Promoter of Medcords)
Transaction does not qualify as Related Party Transaction
Medcords contributed NIL to Total Income, Networth, Turnover, and Revenue in FY 2025-26 due to prior impairment

Divestment of Unnati Online Private Limited Stake:

Approved divestment of entire 31.64% holding in Unnati Online Private Limited on fully converted & diluted basis (excluding ESOP Pool)
Divestment to be executed through wholly-owned subsidiary Startup Investments (Holding) Limited (SIHL)
Full impairment provision against this investment was booked in FY 2019-20
Post-divestment, Unnati Online will cease to be an Associate Company of the Company
Sale agreement to be entered into within 30 days from Board approval (by November 27, 2026)
Expected completion date: January 27, 2027
Consideration: Approximately ₹5,000
Buyers: Mr. Eral Ravi and Mr. Aashutosh Chaudhary (Directors and Promoters of Unnati Online)
Transaction does not qualify as Related Party Transaction
Unnati Online contributed NIL to Total Income, Networth, Turnover, and Revenue in FY 2025-26 due to prior impairment

Investment in Redstart Labs (India) Limited:

Approved investment of approximately ₹150 crores in Redstart Labs (India) Limited
Redstart is a wholly-owned subsidiary of the Company (100% ownership on fully converted and diluted basis)
Purpose: To meet working capital requirements, explore investment opportunities, and other general purposes
Investment structure: Cash consideration for equity shares of face value ₹10 each
Investment to be made in one or more tranches depending on Redstart's fund requirements
Completion timeframe: Within 18 months from approval (by April 28, 2028)
Post-investment, Redstart remains wholly-owned subsidiary
Redstart financials as of March 31, 2026: Turnover - Nil, PAT - (₹2.99 crores), Networth - ₹76.93 crores
Business: Direct/indirect investments in tech companies, internet services, software development, consultancy, technical support
Date of incorporation: July 7, 2020
Country of presence: India
Last three years turnover: Nil for FY 2023-24, 2024-25, and 2025-26

Audit Committee Reconstitution:

Based on Nomination & Remuneration Committee recommendation
Mr. Naresh Chand Gupta, Additional Director (Independent Category), inducted as member of Audit Committee
Effective date: October 29, 2026
Post-reconstitution Audit Committee composition:
Mr. Sanjiv Sachar (Independent Director) - Chairman
Ms. Geeta Mathur (Independent Director) - Member
Ms. Radha Rajappa (Independent Director) - Member
Mr. Naresh Chand Gupta (Independent Director) - Member

Board Meeting commenced at 10:30 a.m. on October 28, 2026
Above items considered and approved at 12:20 p.m.
Meeting continued for remaining agenda items and expected to end around 01:30 p.m.