Board Meeting Outcomes

The Board of Directors meeting held on Thursday, August 13, 2026 (6:38 PM to 8:43 PM) approved:

1. Unaudited Financial Results: Considered and approved the Unaudited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026, duly reviewed by the Audit Committee

2. Subsidiary Capital Reduction: Approved proposal for reduction of share capital of wholly-owned Australian subsidiary Exato Technologies Pty. Ltd. from AUD 75,000 to AUD 35,000, subject to statutory and regulatory approvals

3. Board Report: Considered and approved the Board's Report along with all annexures including Management Discussion and Analysis Report for FY 2025-2026

4. AGM Schedule:

  • 9th Annual General Meeting to be held on Monday, September 28, 2026 at 4:00 PM through Video Conference/Other Audio-Visual Means
  • Cut-off date for determining shareholders for dispatch of Notice: Friday, August 28, 2026
  • Cut-off date for determination of shareholders eligible for e-voting and to attend AGM: Monday, September 21, 2026
  • E-voting period: Friday, September 25, 2026 at 9:00 AM to Sunday, September 27, 2026 at 5:00 PM

5. Service Appointments:

  • Appointed National Securities Depository Limited (NSDL) as authorized e-voting agency
  • Appointed CS Nirbhay Kumar of M/s. Nirbhay Kumar & Associates as scrutinizer for remote e-voting

6. Trading Window Closure: Trading window closed and will remain closed till expiry of 48 hours after declaration of financial results

Financial Results - Standalone (₹ lakhs)

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from operations: 4,212.79
  • Other income: 24.65
  • Total Income: 4,237.44
  • Total expenses: 3,489.29
  • Profit before tax: 748.15
  • Tax expense: 210.72 (Current tax: 220.29, Deferred tax: -9.57)
  • Profit for the period: 537.43
  • EPS (Basic & Diluted): ₹5.34

Comparative Figures:

  • March 31, 2026 (Audited): Profit ₹435.11, EPS ₹4.32
  • June 30, 2025 (Unaudited): Profit ₹282.24, EPS ₹3.71
  • FY 2025-26 (Audited): Profit ₹1,608.73, EPS ₹19.10

Capital Structure:

  • Paid-up equity share capital: ₹1,006.54 lakhs (face value ₹10 each)
  • Reserves excluding Revaluation Reserves: ₹7,877.41 lakhs (as of Mar 31, 2026)

Financial Results - Consolidated (₹ lakhs)

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from operations: 4,368.34
  • Other income: 27.36
  • Total Income: 4,395.70
  • Total expenses: 3,617.39
  • Profit before tax: 778.31
  • Tax expense: 213.88 (Current tax: 223.45, Deferred tax: -9.57)
  • Profit for the period: 564.43
  • EPS (Basic & Diluted): ₹5.61

Comparative Figures:

  • March 31, 2026 (Audited): Profit ₹423.93, EPS ₹4.21
  • June 30, 2025 (Unaudited): Profit ₹276.05, EPS ₹3.62
  • FY 2025-26 (Audited): Profit ₹1,608.88, EPS ₹19.10

Subsidiary Capital Reduction Details

Reasons: Assessment showed existing paid-up share capital in excess of subsidiary's immediate operational and funding requirements. Intended to ensure efficient allocation and optimum utilization of Group's financial resources.

Quantitative Effect: Share capital reduction from AUD 75,000 to AUD 35,000, resulting in reduction of AUD 40,000.

Qualitative Effect: Expected to optimize Group's capital allocation by reducing excess capital deployed. No material adverse impact expected on business operations or financial position.

Benefits: No specific or differential benefit to promoters, promoter group or group companies. Benefits accrue to Company and stakeholders proportionately.

Shareholding Pattern: No change in shareholding pattern or ownership structure. Exato Technologies Pty. Ltd. will continue as wholly-owned subsidiary.

IPO Proceeds Utilization

Total Fresh Issue Proceeds (including Pre-IPO): ₹3,430.00 lakhs

Utilization as of June 30, 2026: ₹1,765.45 lakhs

Breakdown:

  • Working capital requirements: Utilized ₹500.00 lakhs (of ₹1,572.70 lakhs allocated)
  • Product development: Utilized ₹256.59 lakhs (of ₹680.00 lakhs allocated)
  • Borrowing repayment: Fully utilized ₹253.33 lakhs
  • Issue expenses: Fully utilized ₹455.53 lakhs
  • General corporate purpose: Utilized ₹300.00 lakhs (of ₹468.44 lakhs allocated)

Unutilized Amount: ₹1,664.55 lakhs

  • Product development: ₹423.41 lakhs (₹3.41 lakhs in dedicated account, ₹420.00 lakhs in fixed deposits)
  • Working capital: ₹1,072.70 lakhs
  • General corporate purpose: ₹168.44 lakhs

Additional Information

  • Labour Code impact: One-time increase of ₹20.50 lakhs in employee benefit provisions recognized in FY 2025-26 results
  • IPO completed: 26,75,000 equity shares at ₹140 per share, listed on BSE SME on December 5, 2025
  • Pre-IPO placement: 1,75,000 equity shares at ₹140 per share on November 12, 2025
  • Consolidated results include four wholly-owned subsidiaries: Exato Infotech Private Limited, Exato.AI PTE. LTD., EXATO.AI INC, Exato Technologies PTY LTD

Auditor's Review

MA, Arora Prem and Associates conducted limited review of both standalone and consolidated financial results. No material misstatements identified. Figures for quarter ended March 31, 2026 are balancing figures between audited annual and unaudited nine-month figures.