Board Meeting Details

The Board of Directors meeting was held on Thursday, November 05, 2026, commencing at 09:00 A.M. IST and concluding at 10:25 A.M. IST.

Key Outcomes Approved

1. Unaudited Standalone and Consolidated Financial Results for Q2 and H1 FY27 ending September 30, 2026

2. Appointment of Dr. Bhaskar Ghosh (DIN: 06656458) as Additional Non-Executive Independent Director for 3 years

3. Appointment of Ms. Srividhya Srinivasan (DIN: 02014532) as Whole-time Director & Chief Technology Officer for 5 years from November 5, 2026 to November 4, 2031

Financial Results - Standalone (All amounts in ₹ million)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from operations: ₹3,065.28 (vs ₹2,318.28) - 32.2% increase
  • Other income: ₹250.26 (vs ₹138.01)
  • Total income: ₹3,315.54 (vs ₹2,456.29)
  • Employee benefits expense: ₹923.77 (vs ₹949.23)
  • Finance costs: ₹5.67 (vs ₹9.38)
  • Depreciation and amortization: ₹38.23 (vs ₹35.28)
  • Other expenses: ₹1,836.35 (vs ₹1,528.38)
  • Profit before tax: ₹511.52 (vs loss of ₹65.98)
  • Profit for period: ₹511.52 (vs loss of ₹65.98)
  • Basic EPS: ₹2.24 (vs loss of ₹0.32)
  • Diluted EPS: ₹2.24 (vs loss of ₹0.32)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from operations: ₹5,821.64 (vs ₹4,383.55)
  • Other income: ₹494.94 (vs ₹289.44)
  • Total income: ₹6,316.58 (vs ₹4,672.99)
  • Profit before tax: ₹741.23 (vs loss of ₹121.28)
  • Profit for period: ₹741.23 (vs loss of ₹121.28)
  • Basic EPS: ₹3.25 (vs loss of ₹0.61)
  • Diluted EPS: ₹3.25 (vs loss of ₹0.61)

Balance Sheet Position (as of September 30, 2026)

  • Total assets: ₹19,974.75 million
  • Current assets: ₹18,989.53 million (including investments ₹5,018.11M, trade receivables ₹1,939.02M, cash ₹1,341.05M)
  • Non-current assets: ₹985.22 million
  • Total equity: ₹17,513.64 million
  • Current liabilities: ₹2,108.37 million
  • Non-current liabilities: ₹352.74 million

Financial Results - Consolidated (All amounts in ₹ million)

Quarterly Performance (Q2 FY27)

  • Revenue from operations: ₹4,758.23
  • Other income: ₹260.65
  • Total income: ₹5,018.88
  • Profit before tax: ₹825.83
  • Tax expense: ₹77.45
  • Profit for period: ₹748.38
  • Basic EPS: ₹3.49
  • Diluted EPS: ₹3.49

Half-Yearly Performance (H1 FY27)

  • Revenue from operations: ₹9,127.01
  • Other income: ₹436.51
  • Total income: ₹9,563.52
  • Profit before tax: ₹1,229.90
  • Tax expense: ₹142.47
  • Profit for period: ₹1,087.43
  • Basic EPS: ₹5.08
  • Diluted EPS: ₹5.08

Director Appointments

Dr. Bhaskar Ghosh

  • Appointment as Additional Non-Executive Independent Director
  • Term: 3 years from November 05, 2026
  • Profile: Former Chief Strategy & Innovation Officer at Accenture, 40 years experience in enterprise growth, strategy and innovation
  • Current positions: Independent Director at HDFC Life Insurance, Governing Board Member of IIIT Dharwad
  • Education: PhD in Business Management (Utkal University), MBA and BSc (Calcutta University)
  • Co-founder of Trimurai Solutions LLP
  • Not related to any other Director of the Company
  • Not debarred from capital markets

Ms. Srividhya Srinivasan

  • Appointment as Whole-time Director & Chief Technology Officer
  • Term: 5 years from November 05, 2026 to November 04, 2031
  • Reclassified from Senior Management Personnel to Whole-time Director and Key Managerial Personnel
  • Profile: Promoter and current CTO of the Company, Bachelor's degree in engineering from Government College of Technology, Coimbatore
  • Previous experience: ImpulseSoft Private Limited (technical marketing officer), Texas Instruments (India) Limited
  • 24 years experience in technology and broadcasting sector
  • Spouse of Mr. Baskar Subramanian, Managing Director and CEO
  • Not debarred from capital markets

Shareholding and Capital Structure

  • Paid-up equity share capital: ₹1,100.77 million (nominal value ₹5 each)
  • During Q2 and H1 FY27, company allotted 3,814,258 equity shares (nominal value ₹5 each) upon exercise of vested options under Amagi Employee Stock Option Plan 2025
  • IPO completed in FY26: 49,546,221 equity shares at ₹361 per share (including premium of ₹356)

Subsidiary Update

  • Argoid Analytics Private Limited was under voluntary liquidation since November 17, 2025
  • Dissolved pursuant to NCLT Bengaluru Bench order dated July 31, 2026
  • Dissolution taken on record by Registrar of Companies on August 31, 2026

Tax Position

  • Company has significant unabsorbed depreciation and carried forward losses
  • Incurred tax losses for year ended March 31, 2026
  • No deferred tax assets recognized due to uncertainty of sufficient taxable profits in foreseeable future

Cyber Security Incident

  • On October 22, 2026, management notified of cyber extortion threat relating to one edge transmission site
  • Company notified CERT-In and made disclosure to stock exchanges under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Based on preliminary assessment, management does not expect material financial impact

Auditor Review

  • Financial results reviewed by S.R. Batliboi & Associates LLP (ICAI Firm Registration Number: 101049W/E300004)
  • Limited review reports issued for both standalone and consolidated results
  • Comparative figures for September 30, 2025 not reviewed by auditors