Board Meeting Outcomes

The Board of Directors meeting held on May 29, 2026 (8:00 PM to 9:30 PM) approved the following:

1. Audited Financial Results: Considered and approved the Audited Standalone & Consolidated Financial Results for the quarter and financial year ended March 31, 2026, duly reviewed by the Audit Committee.

2. Dividend Decision: No dividend recommended for FY26 in view of the Company's ongoing and planned expansion initiatives. Profits have been retained and reinvested to support future growth opportunities and strengthen long-term value creation strategy.

3. Auditor Appointments:

  • Appointed M/s Nirbhay Kumar & Associates, Company Secretaries, New Delhi as Secretarial Auditor for FY26-27 (effective May 29, 2026)
  • Appointed M/s Cohort Ventures LLP as Internal Auditor for FY26-27 (effective May 29, 2026)

4. Management Appointments:

  • Appointed Mr. Sadanand Muralidharan as Chief AI Officer (designated as Senior Management Personnel) effective June 1, 2026
  • Elevated Mr. Gopinath P Bailur from Chief Technology Officer to Chief Operating Officer (designated as Senior Management Personnel) effective June 1, 2026

5. Registered Office Shift: Approved shifting of registered office to Pinnacle Tower, Plot No. 8, Second Floor, Sector 142, Noida, Gautam Buddha Nagar, Uttar Pradesh - 201305 (within same city limits) effective June 1, 2026.

Financial Results - Standalone (₹ lacs)

Income Statement Highlights:

Year Ended March 31, 2026:

  • Revenue from operations: ₹16,658.10
  • Other income: ₹106.40
  • Total income: ₹16,764.50
  • Total expenses: ₹14,493.18
  • Profit before tax: ₹2,270.21
  • Tax expense: ₹661.48
  • Profit for the year: ₹1,608.73
  • EPS (Basic & Diluted): ₹19.10

Quarter Ended March 31, 2026:

  • Revenue from operations: ₹6,077.34
  • Profit for the quarter: ₹435.11
  • EPS (Basic & Diluted): ₹4.32

Half Year Ended March 31, 2026:

  • Revenue from operations: ₹9,551.69
  • Profit for half year: ₹870.71
  • EPS (Basic & Diluted): ₹9.43

Balance Sheet Highlights (as at March 31, 2026):

  • Share capital: ₹1,006.54
  • Reserves and surplus: ₹7,877.41
  • Total equity: ₹8,883.95
  • Total liabilities: ₹12,381.77
  • Total assets: ₹12,381.77
  • Cash and cash equivalents: ₹1,826.95
  • Other bank balances: ₹2,159.86
  • Trade receivables: ₹4,268.94

Financial Results - Consolidated (₹ lacs)

Income Statement Highlights:

Year Ended March 31, 2026:

  • Revenue from operations: ₹16,799.58
  • Other income: ₹103.10
  • Total income: ₹16,902.68
  • Total expenses: ₹14,629.93
  • Profit before tax: ₹2,271.64
  • Tax expense: ₹662.76
  • Profit for the year: ₹1,608.88
  • EPS (Basic & Diluted): ₹19.10

Quarter Ended March 31, 2026:

  • Revenue from operations: ₹6,108.04
  • Profit for the quarter: ₹423.93
  • EPS (Basic & Diluted): ₹4.21

Half Year Ended March 31, 2026:

  • Revenue from operations: ₹9,693.17
  • Profit for half year: ₹883.56
  • EPS (Basic & Diluted): ₹9.56

Subsidiaries Included in Consolidation:

The consolidated results include:

1. Exato Infotech Private Limited

2. Exato.AI PTE. LTD.

3. Exato.Al INC.

4. Exato Technologies PTY. LTD.

Auditor Reports

A Arora Prem and Associates, Chartered Accountants (FRN: 006426N) issued unmodified audit opinions on both standalone and consolidated financial results dated May 29, 2026.

IPO Proceeds Utilization

The Company completed its IPO on December 5, 2025, raising ₹3,430 lacs (including Pre-IPO placement of ₹245 lacs). Utilization as of March 31, 2026:

| Purpose | Total Net Proceeds | Utilized | Unutilized |

| Working capital requirements | ₹1,572.70 | ₹500.00 | ₹1,072.70 |

| Product development investment | ₹680.00 | ₹136.00 | ₹544.00 |

| Borrowings repayment | ₹253.33 | ₹253.33 | ₹0.00 |

| Issue expenses | ₹455.53 | ₹455.53 | ₹0.00 |

| General corporate purpose | ₹468.44 | ₹300.00 | ₹168.44 |

| Total | ₹3,430.00 | ₹1,644.86 | ₹1,785.14 |

Unutilized proceeds: ₹544.00 lacs in dedicated bank account for product development, ₹1,241.14 lacs invested in short-term bank fixed deposits.

Key Appointments Details

Secretarial Auditor - M/s Nirbhay Kumar & Associates:

  • Appointment date: May 29, 2026
  • Term: Financial Year 2026-27
  • Specializes in corporate, commercial, and tax laws with expertise in capital markets, M&A, private equity, and regulatory advisory
  • No relationship with company directors

Internal Auditor - Cohort Ventures LLP:

  • Appointment date: May 29, 2026
  • Term: Financial Year 2026-27
  • Specialized strategic advisory firm focused on business transformation and value creation
  • Provides risk-based internal audit, IFC assessments, compliance audits, and IT controls
  • No relationship with company directors

Chief AI Officer - Mr. Sadanand Muralidharan:

  • Appointment date: June 1, 2026
  • Brings 25+ years experience in technology infrastructure, AI-enabled platforms, and digital transformation
  • Previously held leadership positions at Tata Consultancy Services including CTO & Global Head Engineering
  • Bachelor's in Electrical Engineering, Master's in Yoga Therapy, TOGAF certified Enterprise Architect
  • No relationship with company directors

Chief Operating Officer - Mr. Gopinath P Bailur:

  • Elevation effective: June 1, 2026
  • Bachelor of Engineering in Electronics and Communication (1995)
  • 25+ years experience in engineering and technical solutions
  • Previously with Nashsoft Systems and Servion Global Solutions
  • Associated with Exato Technologies since July 18, 2022
  • No relationship with company directors

Labour Code Impact

Assessment of new Labour Codes notified November 21, 2025 resulted in one-time increase of ₹20.50 lacs in employee benefit provisions recognized in FY26 results.

Clarification Submission

Additional letter dated June 16, 2026 clarified that half-year ended figures for March 31, 2026 and September 30, 2025 were included in the financial results submitted on May 29, 2026, in accordance with BSE SME guidance.