Interim report
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protean Ref : Protean / Secretarial / 2026-27 / 26 August 4 , 2026 To , BSE Limited ( " BSE " ) P.J. Towers , Dalal Street , Fort , Mumbai - 400 001 Scrip Code : 544021 National Stock Exchange of India Limited Exchange Plaza , C - 1 , Block G , Bandra Kurla Complex , Bandra ( E ) , Mumbai - 400051 , India Trading symbol : PROTEAN Dear Sir / Madam , Subject : Outcome of Board Meeting held on August 4 , 2026 Pursuant to the provisions of Regulation ( s ) 30 , 33 and other applicable provisions of SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 ( " SEBI Listing Regulations " ) , we wish to inform that the Board of Directors of Protean eGov Technologies Limited ( " the Company " ) at their Meeting held today i.e. August 4 , 2026 have inter - alia approved the following : 1. Unaudited Financial Results ( Standalone & Consolidated ) for the quarter ended June 30 , 2026 alongwith the Limited Review Report of the Statutory Auditors ' thereon ; 2. Appointment of M / s . T R Chadha & Co. LLP ( TRC ) as the Statutory Auditor for a period of five years commencing from FY2026-27 We enclose herewith the Unaudited Financial Results ( Standalone & Consolidated ) for the quarter ended June 30 , 2026 , alongwith the Limited Review Report of the Statutory Auditors ' thereon ; The Board Meeting commenced at 1:30 P.M. and concluded at 3:45 P.M. Additional details for the point no . 2 and pursuant to Regulation 30 and other relevant provisions of the SEBI Listing Regulations read with SEBI Circular No. HO / 49 / 14 / 14 ( 7 ) 2025 - CFD- POD2 / 1 / 3762 / 2026 dated January 30 , 2026 , is enclosed as Annexure A. Protean eGov Technologies Ltd. ( CIN L72900MH1995PLC095642 ) 1st Floor , Times Tower , Kamala Mills Compound , Senapati Bapat Marg , Lower Parel , Mumbai - 400 013 ; T : +91 22 4090 4242 ; www.proteantech.in
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Protean eGov Technologies Ltd. (CIN L 72900MH1995PLC095642) 1st Floor, Times Tower, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013; T: +91 22 4090 4242; www.proteantech.in The same is available on Company website at https://www.proteantech.in This is for your information and records. Thanking you, Yours truly, For Protean eGov Technologies Limited Maulesh Kantharia Company Secretary & Compliance Officer FCS 9637 Encl.: As above protean
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Protean eGov Technologies Ltd. (CIN L 72900MH1995PLC095642) 1st Floor, Times Tower, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013; T: +91 22 4090 4242; www.proteantech.in Annexure A Details required under SEBI Circular No. HO/49/14/14(7)2025- CFD-POD2/1/3762/2026 dated January 30, 2026 Sr. No. Particulars Details 1. Reason for change viz.; appointment M/s. T R Chadha & Co. LLP (TRC), Chartered Accountants (Firm Registration No. 006711N/N500028), be and are hereby appointed as the Statutory Auditors of the Company. M/s. BSR & Associates LLP Chartered Accountants (Firm Registration No. 116231W/W- 100024) shall continue as the Statutory Auditors of the Company until the conclusion of the 31st Annual General Meeting (AGM) to be held in the year 2026, on completion of their second term. 2. Date of appointment Based on the recommendation of the Audit Committee, the Board of Directors at its meeting held today, i.e. August 4, 2026, approved appointment of TRC as the Statutory Auditors of the Company to hold office for a term of five (5) consecutive years from the conclusion of 31st AGM to be held in 2026 till the conclusion of the 36th AGM to be held in year 2031, at such remuneration plus applicable taxes and out of pocket expenses as may be determined by the Board of Directors in consultation with the auditors, subject to approval of the shareholders. 3. Brief profile (in case of appointment) T R Chadha & Co LLP is a 80 years old chartered accountancy firm and has been providing industry expertise to numerous multinationals as well as reputed Indian companies. TRC was established in 1946 by Late Mr. Tilak Raj Chadha, a visionary chartered accountant known for his strong ethical values and dedication to professional excellence. With deep expertise in Audit & taxation, he laid the protean
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Protean eGov Technologies Ltd. (CIN L 72900MH1995PLC095642) 1st Floor, Times Tower, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013; T: +91 22 4090 4242; www.proteantech.in foundation for a firm built on trust, quality and service. TRC is spread with 11 offices in India and also an overseas presence at Abu Dhabi. The firm is certified with ICAI’s Peer Review & AQMM Maturity Level 4. The firm is registered with Public Company Accounting Oversight Board- U.S. The services offered includes Audit & Assurance, Advisory, Governance & Risk Services, Taxation & Regulatory Services. 4. Disclosure of relationships between directors (in case of appointment of a director) NA protean
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B S R & Associates LLPChartered Accountants14th Floor, Central B Wing and North C WingNesco IT Park 4, Nesco CenterWestern Express HighwayGoregaon (East), Mumbai – 400 063, IndiaTelephone: +91 (22) 6257 1000Fax: +91 (22) 6257 1010 B S R & Associates (a partnership firm with Registration No. BA69226) converted into B S R & Associates LLP (a Limited Liability Partnership with LLP Registration No. AAB-8182) with effect from October 14, 2013Registered Office:14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063Page 1 of 2 Limited Review Report on unaudited standalone financial results of Protean eGov Technologies Limited for the quarter ended 30 June 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amendedTo the Board of Directors of Protean eGov Technologies Limited1. We have reviewed the accompanying Statement of unaudited standalone financial results of Protean eGov Technologies Limited (hereinafter referred to as “the Company”) for the quarter ended 30 June 2026 (“the Statement”).2. This Statement, which is the responsibility of the Company’s management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”). Our responsibility is to issue a report on the Statement based on our review.3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.4. Attention is drawn to the fact that the figures for the three months ended 31 March 2026 as reported in the Statement are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.5. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it
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B S R & Associates LLPLimited Review Report (Continued)Protean eGov Technologies Limited Page 2 of 2 contains any material misstatement.For B S R & Associates LLPChartered AccountantsFirm’s Registration No.:116231W/W-100024Jeyur ShahPartnerBarodaMembership No.: 04575404 August 2026UDIN:26045754MLISDZ2304
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Protean eGov Technologies Limited Statement of Unaudited Standalone Financial Results for the quarter ended 30 June 2026 Currency : (t in Crore) Particulars Quarter ended Year ended 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Unaudited Audited Unaudited (Refer Note 6) Audited Income Revenue from operations 250.45 308.55 209.98 996.43 Other income 15.62 15.99 28.61 73.78 Total Income 266.07 324.54 238.59 1,070.21 Expenses Processing charges 78.34 109.04 76.03 344.61 Employee benefits expense 67.81 59.24 55.65 227.12 System implementation, support and maintenance 67.38 48.12 38.11 180.05 Finance costs 2.65 2.08 1.52 6.68 Depreciation and amortization expense 17.32 13.86 10.84 45.94 Allowance for expected credit loss 0.23 0.37 - 1.02 Other expenses 24.58 65.59 21.42 136.24 Total Expenses 258.31 298.30 203.57 941.66 Profit before exceptional items and tax 7.76 26.24 35.02 128.55 Exceptional items Statutory impact of new labour codes - 0.75 - 4.70 Profit before tax 7.76 25.49 35.02 123.85 Less : Tax expense Current tax 1.85 12.26 9.41 38.77 Deferred tax (0.07) (6.73) (0.89) (9.24) Total tax expense 1.78 5.53 8.52 29.53 Profit for the year (A) 5.98 19.96 26.50 94.32 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Re-measurement of the defined benefit (liability)/ asset - 5.30 0.01 5.30 Tax on above - (1.33) - (1.33) Other comprehensive income (B) - 3.97 0.01 3.97 Total comprehensive income (A+B) 5.98 23.93 26.51 98.29 Paid up Equity share capital (face value off 10 each) 40.62 40.62 40.55 40.62 Other equity 1,036.35 Earnings per share Not annualised Not annualised Not annualised Annualised - Basic (t) 1.47 4.92 6.54 23.24 - Diluted (t ) 1.46 4.90 6.50 23.16
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Notes: 1. The above unaudited standalone financial results of Protean eGov Technologies Limited ("the Company") have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim financial reporting" (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 (the 'Act') read with the relevant rules thereunder and in terms of Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 2. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 04 August 2026. 3. The statutory auditors of the Company have issued an unqualified limited review report on the unaudited standalone financial results for the quarter ended 30 June 2026. 4. The Company is mainly engaged in the business of providing IT services. The Company offers citizen services, e-governance solutions, system integration, business process re-engineering, data center co-location and IT consulting services for citizens, corporates and the Government. All these activities comprise of a single business segment. Currently, these activities are conducted only in one geographic segment viz., India. Therefore, the disclosure requirements of Ind AS 108 "Operating Segments" are not applicable. 5. During the quarter ended 30 June 2026, the Company has granted Nil new stock options to the eligible employees under the Protean eGov Technologies Limited Employee Stock Option Plan- 2017. Further during the quarter ended 30 June 2026, the Company has allotted 4,463 equity shares, upon exercise of stock options granted under the Protean eGov Technologies Limited Employee Stock Option Plan - 2017. 6. The figures for the quarter ended 31st March 2026 are the balancing figures between audited standalone figures in respect of full financial year and the unaudited published figures up to the nine months of the previous financial year, which were subjected to limited review by the statutory auditors. 7. System implementation, support and maintenance include cost of equipment and software licenses incurred for delivering project services. 8. Other income for the quarter ended 30 June 2025 includes write back of provisions pertaining to employee benefits aggregating to~ 5.76 Crore. Place: Mumbai Date: 4 August 2026 For and on behalf of the Board of Directors of Protean eGov Technologies Limited (CIN: L 72900MH1995PLC095642) AJA y Digitally signed by AJAY RAJAN RAJAN Date:2026 .08.04 14:02:42 +05'30' Ajay Rajan Managing Director & CEO DIN- 09756949
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B S R & Associates LLPChartered Accountants14th Floor, Central B Wing and North C WingNesco IT Park 4, Nesco CenterWestern Express HighwayGoregaon (East), Mumbai – 400 063, IndiaTelephone: +91 (22) 6257 1000Fax: +91 (22) 6257 1010 B S R & Associates (a partnership firm with Registration No. BA69226) converted into B S R & Associates LLP (a Limited Liability Partnership with LLP Registration No. AAB-8182) with effect from October 14, 2013Registered Office:14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063Page 1 of 3 Limited Review Report on unaudited consolidated financial results of Protean eGov Technologies Limited for the quarter ended 30 June 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amendedTo the Board of Directors of Protean eGov Technologies Limited1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Protean eGov Technologies Limited (hereinafter referred to as “the Parent”), and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”) for the quarter ended 30 June 2026 (“the Statement”), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").2. This Statement, which is the responsibility of the Parent’s management and approved by the Parent’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.4. The Statement includes the results of the entities mentioned in Annexure I to the Statement5. Attention is drawn to the fact that the figures for the three months ended 31 March 2026 as reported in the Statement are the balancing figures between audited figures in respect of the full previous financial year and the published year to date figures up to the third quarter of the previous financial year. The figures up to the end of the third quarter of previous financial year had only been reviewed and not subjected to audit.6. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
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B S R & Associates LLPLimited Review Report (Continued)Protean eGov Technologies Limited Page 2 of 3 7. The Statement includes the interim financial results of four subsidiaries which have not been reviewed, whose interim financial results reflect Company's share of total revenues before consolidation adjustment of Rs. 2.71 crores, Company's share of total net profit after tax before consolidation adjustment of Rs. 0.19 crores and Company's share of total comprehensive income before consolidation adjustment of Rs. 0.19 crores for the quarter ended 30 June 2026, as considered in the Statement. According to the information and explanations given to us by the Parent's management, these interim financial results are not material to the Group.Our conclusion is not modified in respect of this matter.For B S R & Associates LLPChartered AccountantsFirm’s Registration No.:116231W/W-100024Jeyur ShahPartnerBarodaMembership No.: 04575404 August 2026UDIN:26045754KBFIUC3786
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B S R & Associates LLPLimited Review Report (Continued)Protean eGov Technologies Limited Page 3 of 3 Annexure IList of entities included in unaudited consolidated financial results.Sr. No Name of component Relationship1 Protean eGov Technologies Limited Parent company2 Protean International DMCC Wholly owned subsidiary3 Protean eGov Technologies Australia Pty Ltd Wholly owned subsidiary4 Protean Account Aggregator Limited Wholly owned subsidiary5 Protean lnfosec Services Limited Wholly owned subsidiary
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Protean eGov Technologies Limited Statement of Unaudited Consolidated Financial Results for the quarter ended 30 June 2026 Currency : (-t in Crore) Particulars Quarter ended Year ended 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Audited Unaudited (Refer note 8) Unaudited Audited Income Revenue from operations 250.96 307.54 210.84 997.75 Other income 15.40 15.31 28.52 72.85 Total Income 266.36 322.85 239.36 1,070.60 Expenses Processing charges 78.46 107.96 76.46 344.80 Employee benefits expense 69.05 58.47 58.03 232.58 System implementation, support and maintenance 67.25 50.26 38.11 179.56 Finance costs 2.65 2.08 1.52 6.68 Depreciation and amortization expense 17.53 14.06 11.04 46.75 Allowance for expected credit loss 0.23 0.37 - 1.02 Other expenses 23.55 52.49 21.83 124.27 Total Expenses 258.72 285.69 206.99 935.66 Profit before exceptional items and tax 7.64 37.16 32.37 134.94 Exceptional items Statutory impact of new labour codes - 0.75 - 4.70 Profit before tax 7.64 36.41 32.37 130.24 Less : Tax expense Current tax 1.85 12.34 9.41 38.85 Deferred tax (0.07) (6.31) (0.89) (9.20) Total tax expense 1.78 6.03 8.52 29.65 Profit for the year (A) 5.86 30.38 23.85 100.59 Other comprehensive income/ {loss) Items that will not be reclassified subsequently to profit or loss Re-measurement of the defmed benefit (liability)/ asset - 5.30 0.Ql 5.30 Tax on above - (1.33) - (1.33) Items that will be reclassified subsequently to profit or loss Exchange differences on translation of foreign operations (0.35) (0.05) - (0.05) Other comprehensive income/ (loss) (B) (0.35) 3.92 0.01 3.92 Total comprehensive income (A+B) 5.51 34.30 23.86 104.51 Profit for the period attributable to : Owners of the Parent Company 5.86 30.38 23.85 100.59 Non-Controlling interest - - - - 5.86 30.38 23.85 100.59 Other comprehensive income for the period attributable to : Owners of the Parent Company (0.35) 3.92 0.Ql 3.92 Non-Controlling interest - - - - (0.35) 3.92 0.Ql 3.92 Total comprehensive income for the period attributable to : Owners of the Parent Company 5.51 34.30 23.86 104.51 Non-Controlling interest - - - - 5.51 34.30 23.86 104.51 Paid up Equity share capital (face value off 10 each) 40.62 40.62 40.55 40.62 Other equity 1,036.73 Earnings per share Not annualised Not annualised Not annualised Annualised - Basic (-t) 1.44 7.49 5.88 24.79 - Diluted (-t ) 1.43 7.46 5.85 24.70
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Notes: 1. The unaudited consolidated financial results of the Parent Company and its subsidiaries ( collectively referred to as ''the Group") includes the following: Name of the entity Relationship Protean eGov Technologies Limited Parent company Protean eGov Technologies Australia Pty Ltd Wholly owned subsidiary Protean Account Aggregator Limited Wholly owned subsidiary Protean lnfosec Services Limited Wholly owned subsidiary Protean International DMCC Wholly owned subsidiary 2. The above unaudited consolidated financial results of the Group have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim financial reporting" (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 (the 'Act') read with the relevant rules thereunder and in terms of Regulation 33 of Securities and Exchange Board oflndia (Listing Obligations and Disclosure Requirements) Regulations, 2015. 3. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 4 August 2026. 4. The statutory auditors of the Parent Company have issued an unqualified report on the unaudited consolidated financial results for the quarter ended 30 June 2026. 5. Financial results of Protean eGov Technologies Limited (Standalone information): (t in Crore, unless otherwise stated) Particulars Quarter ended 30 Quarter ended 31 Quarter ended Year ended 31 June2026 March2026 30 June2025 March2026 (Unaudited) (Audited) (Unaudited) (Audited) Total income* 266.07 324.54 238.59 1,070.21 Profit before tax for 7.76 25.49 35.02 123.85 the period/year Profit after tax for 5.98 19.96 26.50 94.32 the period /year * includes Revenue from operations and other income 6. The Group is mainly engaged in the business of providing IT services. The Group offers citizen services, e-govemance solutions, system integration, business process re-engineering, data center co-location and IT consulting services for citizens, corporates and the Government. All these activities comprise of a single business segment. Currently, these activities are conducted only in one geographic segment viz., India. Therefore, the disclosure requirements of Ind AS 108 "Operating Segments" are not applicable. 7. During the quarter ended 30 June 2026, the Group has granted Nil new stock options to the eligible employees under the Protean eGov Technologies Limited Employee Stock Option Plan-2017. Further during the quarter ended 30 June 2026, the Group has allotted 4,463 equity shares, upon
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exercise of stock options granted under the Protean eGov Technologies Limited Employee Stock Option Plan - 2017. 8. The figures for the quarter ended 31st March 2026 are the balancing figures between audited consolidated figures in respect of full financial year and the unaudited published figures up to the nine months of the previous financial year, which were subjected to limited review by the statutory auditors. 9. System implementation, support and maintenance include cost of equipment and software licenses incurred for delivering project services. IO.Other income for the quarter ended 30 June 2025 includes write back of provisions pertaining to employee benefits aggregating tot 5.76 Crore. Place: Mumbai Date: 4 August 2026 For and on behalf of the Board of Directors of Protean eGov Technologies Limited (CIN: L 72900MH1995PLC095642) AJAY RAJAN Ajay Rajan Digitally signed by AJAY RAJAN Date: 2026.08.04 14:04:40 +05'30' Managing Director & CEO DIN- 09756949