Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Regulatory filing under SEBI Listing Regulations 30 and 33

Audit Opinion:

Clean/Unmodified opinion from auditors JHS & Associates LLP for both standalone and consolidated financial results

Key Financial Highlights [Rupees in 1000's]:

Standalone Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹8,601.47 (vs ₹7,560.31 in Q2 FY26, +13.8% YoY; vs ₹9,615.70 in Q1 FY27, -10.5% QoQ)
  • Total Income: ₹9,323.76
  • Net Profit: ₹(21,891.12) (vs ₹(19,074.56) in Q2 FY26; vs ₹(21,848.67) in Q1 FY27)
  • EPS: ₹(1.48) basic; ₹(1.44) diluted

Half Year ended September 30, 2026:

  • Revenue from Operations: ₹18,217.18 (vs ₹15,410.25 in H1 FY26, +18.2% YoY)
  • Total Income: ₹21,043.52
  • Net Profit: ₹(43,739.78) (vs ₹(36,796.64) in H1 FY26)
  • EPS: ₹(2.95) basic; ₹(2.88) diluted

Standalone Balance Sheet as at September 30, 2026:

  • Paid-up Equity Share Capital: ₹148,307.21
  • Other Equity: ₹521,723.33 (vs ₹596,584.07 as at March 31, 2026)
  • Cash and Cash Equivalents: ₹9,556.73
  • Total Assets: ₹772,389.95
  • Total Debt: Not Specified

Consolidated Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹9,342.00
  • Total Income: ₹9,601.25
  • Net Profit: ₹(38,136.20) (attributable to owners)
  • EPS: ₹(2.57) basic; ₹(2.56) diluted

Half Year ended September 30, 2026:

  • Revenue from Operations: ₹21,086.32
  • Total Income: ₹21,857.64
  • Net Profit: ₹(44,134.77) (attributable to owners)
  • EPS: ₹(2.98) basic; ₹(2.97) diluted

Consolidated Balance Sheet as at September 30, 2026:

  • Paid-up Equity Share Capital: ₹148,394.71
  • Other Equity: ₹525,270.92 (vs ₹600,517.66 as at March 31, 2026)
  • Cash and Cash Equivalents: ₹9,796.93
  • Total Assets: ₹776,390.10

Segment-wise Performance:

The company operates as a single segment (software development services) and is considered a single CGU. No separate segment disclosure provided.

Corporate Actions:

  • ESOP Activity: During H1 FY27, the company allotted 71,228 equity shares upon conversion of stock options under Xelpmoc Employees Stock Option Scheme 2019
  • During Q2 and H1 FY27, the company granted 265,000 options to eligible employees under Xelpmoc Employee Stock Option Scheme 2020
  • No dividend declared or recommended

Other Significant Information:

Exceptional Items: During the period, the company reversed ₹23,98,527 (₹2,398.53 in thousands) of past service cost for gratuity due to revision in salary structure, recognized as an exceptional item

Subsidiary Going Concern Issues:

  • Soultrax Studios Private Limited: Financial results indicate accumulated losses and fully eroded net worth, raising material uncertainty about going concern
  • Signal Analytics Private Limited: Certain indicators exist that may cast significant doubt on the subsidiary's ability to continue as a going concern

Investment Reclassification: Investment in Woovly India Private Limited reclassified from non-current to current investment considering planned sale in October 2026

Restricted Consolidation: The company has restricted consolidation of step-down subsidiary Soultrax Studios and discontinued recognition of further losses from associate Xperience India Private Limited as investments were fully impaired in prior periods

Accounting Treatment: The financial results have been prepared in accordance with Ind AS and SEBI Listing Regulations