Interim report
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MS KC & Associates LLP Chartered Accountants HO Olympia Cyberspace, 10th Floor, Level 13th Module 4, 21/ 22, Alandur Road, Guindy Chennai 600032, INDIA Tel:+ 91446131 0200 Independent Auditor's Review Report on unaudited Standalone financial results of Intellect Design Arena Limited for the Quarter and half year ended September 30, 2026 pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. To The Board of Directors of Intellect Design Arena Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of Intellect Design Arena Limited (hereinafter referred to as 'the Company') for the quarter and half year ended September, 30 2026 ('the Statement') attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Regulations'). 2. This Statement, which is the responsibility of the Company's Management and has been approved by the Company'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 ('the Act') read with relevant rules issued thereunder and other recognised accounting principles generally accepted in India and is in compliance with the 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. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the statements are free from material misstatement. 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 specified under section 143(10) of the Act 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. Based on our review conducted 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 aforesaid Indian Accounting Standard and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For MS KC 8: Associates LLP Chartered Accountants ICAI Firm Registration Number: 001595S/S000168 Geetha Jeyakumar Partner Membership No.: 029409 uo1N:,lbo2�4o�TvrR:rz. 677B Place: Chennai Date: October 30, 2026 Registered Office: 10th Floor, Level 13th, Module 4, 21 /22, Olympia Cyberspace, Alandur Road, Arulaiyammanpet, Guindy, Chennai 600032, Tamil Nadu, India Tel: +91446131 0200 I LLPIN: ACK-7004 Ahmedabad I Bengaluru I Gurugram I Hyderabad I Kolkata I Mumbai I Pune Annexure I
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INTELLECT DESIGN ARENA LIMITED CIN: l72900TN2011PLC080183 ke&d Offlce: CilrH Centr•, 244 !Old no. 713) Anna Salat, Chennal 600 006, Ph:+91-44-67'00 8000, Fax:+91-44-6700 8874 !JNAUDITEl)_STANDALD_P,IE AND CONSOUDATED FINANCIAL RESULlS FDR THE QYARTER AND ti_ALF YEAR ENDED SEPTEMBER 30, 2026 NOTES: 1) "The Stan::lalone and Consolidated financial results for the quarter and half year ended September 30, 2026 were recommended by Audit Cornmitee at its meeting held on October 29, 2026 and approved by the Board of Directors at its meeting held on October 30, 2026 which was subject lo limtt� review by Statutory Auditors These flnanclaf results are prepared in accordance with the recognition and measurement prtnc:lples !aid down under Indian Accounting Stllindard (Ind AS) 34 on 'Interim Financial Reporting, prescribed under Section 133 of the Companies Act, 2013, as amended, rl!ad wlth rele\lant rules thereunder and In terms of Regulation 33 o the Securities and Exchanae Soard of India (Urtlng Obligations and Disclosure Requirements) Regulatlons 2015, as amended. 2) The ConsoUdated flnanclal results lndudes the frnanclal results of the Company, Its subsidiaries (together "the Group"), Its Associates imcl Joint �ntures. 3} Curing the quarter ended September 30, 2026, the Company allotted 2,87,609 equity share_, {4,98,S57 eq1itty shares for the quarter ended June 30, 2026 iind 3,13,881 Equity shares for the quarter ended September 30, 2025) to Its employees consequent to the exercise of options granted under t!ie Company's Employees Stock Option Scheme. The total outstanding Employee Stock Options as at September 30, 2026 are 62,62,542 {65,72,887 as at June 30, 2026 and 64,62,632 ilS at September 30, 2025). 4) On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wases, 2019, the lndustrh,I Relatlons Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Workln1 Condltlom Code, 2020 • consolidatin& 29 !Xlsting labour laws. The Ministry of Labour & Employment publlshed draft Central Rules and FAQs to enable assess ment of the fln21nclal impact due 10 changes in resutatlons. The Company assessed and disclosed the incremental Impact of these changes based on the best available Information. consistent with the guidance provided bv the Institute of Chartered Accountants of India. Conslderlns the materlo11ltv and the regulatory.driven, non-recurr1ng nature of this impact, the company presented tt-ie lncrernent1I Impact on gratuity expense as .. Statutory Impact of new Labour Codes" under ,.Exceptlon;il ltems,. In the standalone and conrofldated flnandal results for the year ended Mardi 31, 2026 amounting to Rs. 303.36 rnil!lon. the Company continues to monitor the flnallsation of Central/ State Rules and d1rlflcations from the Government on othl!!r aspects of the lebour Code end will provide appropriate accounting effect based on such developments u needed. 5) Based on the "Management Approach" as deflned under Ind AS 108 Operating Segments, the Company's �erformence Is evaluated and resources are allocated based on an inalvsfs ofw,rous performance indicators by a single business seament t.e. 'Software Product License & rel;ted seNlces'. 6) ourtns the month of August 2026, the Joint venture c:ompanv {'JV company'), Project Purple Ventures Limited ('PPVL'), was lnc:orponted ln UK on AuRUst 4, 2026 (as a c:ompanv limited cy shares), wlth lnt�lect Deslan Arena Limited as a subscrlbl!!r to Its Memorandum c1f Assocfatron, i,ursuant to the terms and condlt1ons In the: Memorandum of Understanding ('MoU'). The Mou was enten!!d Into on March 23, 2026 with Flntel Pk to forr., a JV company with eQual shareholdlng and putlclpatlng Interest. A Joint Venture agreement was entered Into with Flntel Al Vrmtures Holdco Limited ('Unrelated lnvertor'), a subsidiary of Fintel Pie on August 13, 2026. On September 25, 2026 the Company entered Into a sale of license agreement with PPYL for consideration of Rs, 629,08 mlltlon, The consideration for the license Is to be settled by rssu:ne s!iares Ir PPVL In accordance with FEMA regulations and as at the quarter end the amount i5 induded under trade receivables. The llcense sale rl Rs. 629.08 mlllion In the standalone 1Jnandal results h1,s been lrduded In Re-;enue from Optratlons. License nle 1m0t..1ntlng to Rs. 314.54 million, representing SO% of the Interest held In PPVL by the Unrelated Investor has bttn recognised In Revenue from Operations {In ao:ord11nce with IND AS 28 on Investments in Assocl,tes and; Joint Ventures for dov.mstream transactions) and I deferred tax asset amounting to R:.. 79.27 mlltion has been recognls9d based on the appllcatile tax treatment and the r�sultlng temporary differences In the consoHdated flnandaf results. The effect of the trarisactlon on the standalone and consolidated statemenu of cash flow for the half year ended September 30, 2026 has been considered as a non-ash item. 7) Figures of the earlier periods/year, have been regrouped to oonform with those of the current J)!rlod), where�r necessary Pl•c•: Chennal Date : October 30, 2026 tv For Intellect Deslan Arena llmlt1d � ArunJaln Chalrmer, and M•n1gln1 Director DIN: 00580919 \r2v Chief Flnanclal Officer
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Annexure II Relevant Details as required pursuant to SEBI Listing Regulations Sl. No. Particulars Details Appointment of Mr. Suresh Eshwara Prabhala (DIN: 02130163). 1. Reason for change viz. appointment, re -appointment, resignation, removal, death or otherwise; The Board of Directors at their meeting held today, viz Friday, October 30, 2026, on the recommendation of NRCC, approved the appointment of Mr. Suresh Eshwara Prabhala (DIN: 02130163) as an Additional Director designated as Independent Director, subject to approval of the shareholders through postal ballot vide special resolution. 2. Date of appointment/re - appointment/cessation (as applicable) & term of appointment/re-appointment; Date of appointment: October 30, 2026 Term of appointment: Five years effective from October 30, 2026 , not liable to retire by rotation 3. Brief profile Attached as Annexure III. 4. Disclosure of relationships between directors Mr. Prabhala is not related to any Director or Key Managerial Personnel of the Company
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Mr. Suresh Eshwara Prabhala The Board of Directors has approved the appointment of Mr. Suresh Eshwara Prabhala as an Additional Director, designated as an Independent Director, on the recommendation of the Nomination, Remuneration and Compensation Committee (NRCC). His appointment is for a term of five years, subject to the approval of the shareholders through a postal ballot by way of a Special Resolution. Suresh Prabhala is an experienced financial services professional with a total of 28 years of experience in the Indian financial services industry, and the last 22 years focused on leading and managing private equity investments in India. His investment focus is on privately held, mid -market companies that are family - owned and run, with core sectors of focus being manufacturing, healthcare and business services. Currently, Suresh Prabhala is the CIO at 2380 Capital – a newly established Alternative Investment Fund. Previously, he was General Partner and Co - Founder of ADV Partners Capital Management (ADV), an Asia -focused private equity firm with total assets under management of US$ 1.25 billion. Prior to co -founding ADV, in 2009, Suresh set up the India business as Managing Director and Head of India for Mount Kellett Capital Management, a global private equity fund with US$ 8 billion under management, where he was also a member of the Global Investment Committee. Immediately prior to that, Suresh was Executive Director and India head for Principal Investments at JPMorgan. He was part of the group’s Asia Management Committee and also on the Management Committee of JPMorgan India. Suresh began his career as a credit analyst at CRISIL and worked at Arthur Andersen in its Corporate Finance team. Suresh has an MBA from the Indian Institute of Management (IIM) Calcutta and a bachelor's degree in mechanical engineering from the Delhi College of Engineering (DCE). Suresh is an active angel investor and enjoys spending time with start -up founders and early -stage funds. He is an active member of YPO (Chennai and Mumbai chapters) and the Indian Venture Capital Association/ IVCA. Outside of work, Suresh enjoys cycling and playing chess. Annexure III