Interim report
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Email: investor.relations@tracxn.com Ph: +91 90360 90116 Website: www.tracxn.com TRACXN TECHNOLOGIES LIMITED | CIN: L72200KA2012PLC065294 Registered Address: No. L-248, 2nd Floor, 17th Cross, Sector 6, HSR Layout, Bengaluru, Karnataka, 560102 November 05, 2025 To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 543638 To, National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex Bandra (E), Mumbai - 400 051. Scrip Code: TRACXN Dear Sir/Madam, Sub: Outcome of the Board Meeting held today i.e., November 05, 2025 Pursuant to Regulation 30 (read with Part A of Schedule III) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we wish to inform you that the Board of Directors of the Company at its meeting held today, i.e. on Wednesday, Novemb er 05, 2025, inter-alia, considered and approved Un-Audited Financial Results of the Company for the quarter and half year ended September 30, 2025. In terms of the provisions of Regulation 33 of Listing Regulations, we are enclosing herewith copy of the following: A. Un-Audited Financial Results of the Company for the quarter and half year ended September 30, 2025; B. Statement of Assets and Liabilities as at September 30, 2025; C. Cash Flow Statement for the half year ended September 30, 2025; and D. Limited Review Report received from the Statutory Auditors of the Company. The meeting of the Board of Directors commenced at 11.50 A.M. and concluded at 12:10 P.M. Request you to kindly take the same on record. Thanking You. Yours faithfully, For Tracxn Technologies Limited Megha Tibrewal Company Secretary and Compliance Officer Membership No. A39158 Encl. A/a
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Price Waterhouse Chartered Accountants LLP Independent Auditor's Review Report on Statement of Unaudited Financial Results To The Board of Directors Tracxn Technologies Limited L-248, 2nd Floor, 17 Cross Sector 6, HSR Layout Bangalore - 560102 1. We have reviewed the unaudited financial results of Tracxn Technologies Limited (the "Company") for the quarter ended September 30, 2025 and six month period ended September 30, 2025, which are included in the accompanying Statement of Unaudited Financial Results for the quarter and six months period ended September 30, 2025, the Unaudited Statement of Assets and Liabilities as on that date and the Unaudited Statement of Cash Flows for the six months ended on that date together with the notes thereon (the "Statement"). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes. 2. The Statement, which is the responsibility of the Company's management and has been approved by the 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. 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. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of 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 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 above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. Place: Bengaluru Date: November 05, 2025 aterhouse Chartered Accountants LLP Bern eg?J!-7/;J;;J;;;JJ Mohan Danivas S A Partner Membership Number: 209136 UDIN: 25209136BMRJTF1388 Price Waterhouse Chartered Accountants LLP, 5th Floor, Tower 'D', The Millenia, 1 & 2 Murphy Road, Ulsoor Bengaluru - 560 008 T:+91 (80) 40794190 Registered office and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Deihl - 110002 Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP Identity no: LLPIN MC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, Its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)
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Tracxn Technologies Limited Registered Office: No. L-248, 2nd Floor, 17th Cross, Sector 6, HSR Layout, Bengaluru, Karnataka, 560102 Corporate Identity Number: L 72200KA2012PLC065294 Phone: +91 90360 90116, Email: investor.relatlons@tracxn.com, Website: www.tracxn.com Unaudited Statement of Assets and Liabilities (All amount in Rs Lakhs, except share and per share data or unless otherwise stated) ASSETS Non-current assets Particulars Property, plant and equipment Intangible assets Income tax assets (net) Deferred tax asset (net) Total non -cu rrent assets Current assets Financial assets I. lnvestmerits Ii. Trade receivables iii. Cash and cash equivalents iv. Other financial assets Other current assets Total current assets Total assets EQUITY AND LIABILITIES Equity Equity share capital Other equity Reserves and surplus Total equity LIABILITIES Non-current liabilities Employee benefit obligations Contract liabiflties Deferred Tax Liability (net) Total non-current llabllltles Current liabilities Financial liabilities i. Trade payables (a) 1otal outstanding dues of micro enterprises and small enterprises; and (b) Total outstanding dues other than (a) above Ii. Other financial llabilltles Contract liabilities Employee benefit obligations Other current llabiflties Total current liabilities Total liabilities Total equity and llabilltles See accompaniying notes to the financial statements Asat September 30, 2025 (Unaudited) 31.45 - 520.87 - 552.32 8,764.51 121.87 189.08 162.32 63.66 9,301.44 9,853.76 1,063.56 4,366.35 5,429.91 465.36 97.14 27.63 590.13 13.63 46.91 24.21 3,316.80 292.94 139.23 3,833.72 4,423.85 9,853.76 As at March 31, 2025 (Audited) 20.30 - 622.92 566.62 1,209.84 8,957.70 167.32 364.00 287.83 86.23 9,863.08 11,072.92 1,064.66 5,514.89 6,579.55 456.45 56.35 512.80 15.08 40.85 9.56 3,419.02 217.28 278.78 3,980.57 4,493.37 11,072.92
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1 2 3 4 5 6 7 8 9 10 Income (a) Revenue from operations (b) Other income (cl Other galnsl (losse•) • net Total Income (a ♦b♦ c ) Expenses (a} Employee benefit expense (b} Depreciation and amortization expense (c} Other exoenses Total expen.ses (a+b+-c) Profit befo re taxati on (1-2) Tax expenses: Current tax Deferred tax (cred~) I expense (Refer Note 3) Profit for the peri od / year (34) Other Comprehensive Income ltems that will not be reclassified to profit and loss: Remeasurements of defined benefit plans . gains/ (losses) (net) Tax lmpact on the above Tracxn Technologies Limited Corporate Identity Number : L72200KA2012PLC065294 Registered Office : No. L-248, 2nd Floor , 17ltl Cross, Secto r 6, HSR Layout, Bengaluru , Kama taka, 560102 Phone: •91 90360 90116, Email: lnvestor .relations@tracx n.com, Website: www.trac xn.com Statement of Unaudlted Financ ial Resu lt,; for !he-quarter and six months peri od ended Seprem ber 30, 2025 (All amount in Rs Lakhs, except sha_re and per sha re data or unl ess othe rwise stated ) Quarter Ended Quarter Ended June 30, Quarter Ended September September 30, 2025 2025 30, 2024 Unaudl!Ml Unaudited) I/Unauditedl 2,124.55 2,120.33 2,139.39 0.71 1600 385 123.41 15222 137.23 2,248.67 2,28S.65 2 ,280.47 1,904.38 1,895.14 1,820.05 4.06 3.04 2.31 277.79 245.21 227.42 2,186.23 2,143.39 2,049 .78 62..44 145.16 230.69 41 .71 1219 7.38 576.99 21.00 68909 618.70 33.19 696.47 (55&.26) 11 1.97 (465.78) (0.39) (14.48) (29.91 ) 0.10 3.64 7. 53 TotaJ ()!he,- Comprehens ive Income for the period I year net of tax (0.29) (10.84) (22.38) ·Tola.I Comprehensive Income for the period/ year (5+6)) Paid-up equity .share capital (Face value of Re. 1 per share) !Reserves excluding Revaluation Reserves Eamings per equity share (EPS) (nominal value off 11..,ach) (not annualised) (a) Basic (f) (Face value of Re.1 each)" (b) Diluted m (Face value of Re.1 each)" See acccmpanying notes to tllese Bnancial results •EPS as presented above is not annualised except for the year ended March 31 , 2025 Initialled For Identification Purpose Only {556.55) 101.13 (488.16) 1,063 56 1,071.13 1,047.52 (0.52) 0 10 (0.43) (0.52) 0.10 (0.43) Six months ended •Six months ended Year ended March September 30, 2025 September 30, 2024 31, 2025 Unaudited) I IUnau dltedl IIAucfil:e<ll 4,244.88 4,193.35 8,446.73 16.71 20.31 27.93 275.63 261.72 56227 4,537.22 4,4.76.3ll 9,036.93 3,799.52 3,587.44 7,387.39 7.10 4.01 11.36 52300 485.70 975.99 4,329.62 4.077.15 8,374.74 207.60 398.23 662.19 53.90 13.26 45.51 597.99 723.44 1,571.09 651.89 738.70 1,616.60 (444.29) (338.47) (954.41) (14.87) (51.21) (65.85) 3.74 12.89 16.57 (11.13) (38.32) (49.28) (455.42) (376.79) (1,003.69) 1,063.56 1,047.52 1,064.66 5,514.89 (0.42) (031) (0.89) (0.42) (0.31) (0 89) -□no/o . . ~(, ✓~ E-.:; \fl c:; S". ~ ::1 ~ ~-v <',?J . * '(
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1 2 3 Tracxn Technologies Limited CIN: L72200KA2012PLC065294 Registered Office: No. L-248, 2nd Floor, 17th Cross, Sector 6, HSR Layout, Bengaluru , Karnataka, 560102 Phone: +919036090116, Email: investor.relations@tracxn.com, Website: www.tracxn.com Statement of Unaudited Financial Results for the quarter and six months ended September 30, 2025 The Statement of Unaudited Financial Results (which comprises of statement of unaudited financial results ,unaudited statement of assets and liabilities and unaudited statements of-cash Hows) for t he quarter and six months ended September 30, 2025 has been prepared in accordance with the recognition and measurement princi ples laid down in the Indian Accounting Standard 34 "Interim Financial Reporting "(in d A5 34"), prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India, read with relevant rules issued thereunder and in terms of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ('list ing Regulations ') The Company has, at various grant dates issued ESOPs to its employees at an exercise price equal to the face value of the Company's share, which were approved by the Nomination and Remuneration Committee and the Board of Directors. Forthe quarter ended September 30, 2025, an amount of Rs. 83.04 Lakhs (June 30, 2025: Rs. 62.60 Lakhs) has been recorded as employee stock option expense based on requirements In Ind A5 102,' Share-based payments '. The ESOPs granted and outstanding as at September 30, 2025, aggregates to 3,859,027 (June 30, 2025: 4,132,803). The Company has allotted _309,001 equity shares to the employees on exercise under ESOP Scheme for t he quarter ended September 30, 2025. As at September 30, 2025, the management has reassessed the recoverability of deferred tax assets relating to carry-forward business losses, considering the current performance and market conditions. Based on this assessment, the Company has reversed deferred tax assets on carry forwarded business loss amounting to ~600.21 lakhs during the quarter ended September 30, 2025. The management will continue to monitor the position periodically in light of future business performance. 4 The Company's operations relate to only one reportable segment viz Platform Subscription. Accordingly, no separate disclosure of segment information is required. 5 The above statemen t of unaudited financial results for the quarter and six months ended September 30, 2025 has been reviewed and recommended by the audit committee on November 05, 2025 and thereafter approved by the Board of Directors in their respective meeting held on November OS, 2025 6 Potentially issuable equity shares, on account or share options issued to employees, that could potentially dilute basic earnings per share, are not included in the calculation of diluted earnings per share ifthey are anti-dilutive for the period presented. 7 The Company does not have anv subsidiary/ associate/ joint venture companv(ies). 8 During the current financial year, the Board of Directo rs approved and completed a buyback of equity shares in accordance with the provisions of Section 68 of the Companies Act, 2013 and the SEBI (Buy Back of Securities) Regulations, 2018 pursuant to which 1,066,666 number of equity shares were bought back at Rs 75 per share. The buyback, along with the extinguishment of the equity shares, was duly completed during the quarter . Pursuantto the completion of the buyback, the paid-up equi ty share capital of the Company has been reduced accordingly. 9 The Investors can visit the comoanv's website www .tracxn.com for uodated information . Place: Bengaluru Date: November OS, 2025 Initialled For Identification Purpose Only For and on belrcil(of ~ of Directors
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Tracxn Technologies Limited Registered Office: No. L-248, 2nd Floor, 17th Cross, Sector 6, HSR Layout, Bengaluru, Karnataka, 560102 Corporate Identity Number: L72200KA2012PLC065294 Phone: +91 90360 90116, Email: lnvestor.relations@tracxn.com, Website: www.tracxn.com Unaudited Statement of Cash Flows for six months ended September 30, 2025 (All amount in Rs Lakhs, except share and per share data or unless otherwise stated) Particulars For the six For the six months ended Cash Flow from Operating Actlvitles: Net profit/ (loss) before Income Tax Adjustment for: Depreciation expense Net (gain}/ loss on disposal of Property, plant and equipment Net gains on sale of investments Net fair value gains on financial assets measured at fair value through profit or loss Interest on income tax refund Interest income from bank deposits measured at amortised cost Employee stock option expense Impairment loss on financial assets Unrealised exchange difference (net} Operating profit before working capital changes Adjustment for: (Increase}/ decrease in trade receivables (Increase}/ decrease in other financial assets (Increase}/ decrease in other assets Increase / (decrease) in trade payables Increase/ (decrease} in contract liabilities Increase/ (decrease) in employee benefit obligations Increase / (decrease} in other financial liabilities Increase/ (decrease} in other liabilities Cash generation from operations Income taxes paid (net of refunds received, including interest thereon} Net cash Flow from/ (used In) operating activities Cash Flow from investing activities: Payments for purchase of property, plant and equipment Proceeds from sale of property, plant and equipment Funds redeemed / (invested} in bank deposits Proceeds from sale of investments Payments for purchase of investments in mutual funds Advance for investment in mutual funds Interest received Net cash inflow /(outflow) from investing activities Cash flow from financing activities: Receipts from shares alloted I pending allotment pursuant to exercise of ESOPs Application money pending allotment Payment towards Buyback of equity shares (including transaction costs}. (Refer note 6) Net cash Inflow /(outflow} from financing activities Net lncrease/(Decrease) in cash and cash equivalents Cash and cash equivalents as at beginning of the year Effects of exchange rate changes on cash and cash equivalents Cash and cash equivalents as at end of the year Cash and cash equivalents comprise of: Cash on hand Balance with banks In current accounts In exchange earners foreign currency (EEFC} accounts Total Initialled For ldentificati o Purpose 0 months ended September 30, 2024 September 30, (unaudited) 2025 (unaudited) 207.60 398.23 7.10 4.01 1.16 - (228.91) (35.71) (56.87) (234.39) (14.95) (10.91) (1 .15} (6.07} 145.64 217.16 (2.24) 19.79 1.69 3.47 59.07 355.58 46.76 464.72 23.07 160.02 22.56 24.68 4.62 (3.22} (61.42) (149.10) 69.70 59.83 14.65 (5.97} (139.55) (131.06) 39.46 775.48 62.97 17.58 102.43 793.06 (20.20) (7.92) 0.78 - 193.75 (5.67} 4,427.43 3,269.96 (3,948.46) (4,311.16} (91.31) - 1.15 16.99 563.14 (1,037.80) 5.28 8,94 0.30 2.68 (845.45) - (839.87) 11.62 (174.30) (233.12) 364.00 477.81 (0,62) (1.80) 189.08 242.89 0.11 0.13 93.64 225.19 95.33 17.57 189.08 242.89