Aditya Infotech Ltd

Fundraising via securities issuance

• Purpose: Special Resolution to raise funds via issuance of securities up to ₹1,500 crore.
• Routes: public issue, QIP, or other eligible methods under applicable laws.
• Aggregate size: up to ₹1,500 crore with pricing per SEBI ICDR regulations.
• Pricing: floor price per SEBI ICDR formula; discount allowed up to 5%.
• Allotment period: securities to be issued within 365 days of passing the resolution.
• Allotment cap: no single allottee to receive more than 50% of QIP size.
• MF allocation: minimum 10% of securities to mutual funds; remainder to other QIBs if needed.
• Lock-in: restricted transfer for one year from allotment except on exchanges.
• Use of proceeds: repay borrowings, fund capex and working capital, and for acquisitions.
• Promoter/Director/KMP eligibility: they shall not subscribe, except as permitted by law.
• No change in control expected from the offer.
• Prerequisites: stock exchanges listing, pari passu ranking with existing shares.
• Post-offer disclosures to be made later; details of allottees to be disclosed.
• Results date: postal ballot results to be announced by 22 September 2026.
• Cut-off date: Members as on 14 August 2026; email-based communication.
• Scrutinizer: Mr. Anuj Gupta to conduct the Postal Ballot.
• E-voting window: Aug 21, 2026 to Sep 19, 2026.
• Results posting: on NSDL and company websites.

Meeting Details

• Aug 24–26, 2026, 09:00 IST, one-on-one/group meetings, Mumbai; organised by IIFL Capital Services & ICICI Securities
• Sept 1–3, 2026, 09:00 SGT, one-on-one/group meetings, Singapore; organised by IIFL Capital Services & ICICI Securities

Participants

• Company officials from Aditya Infotech to attend; management roles; Company Secretary & Compliance Officer noted
• Discussions will be based on publicly available information; UPSI will not be discussed

Purpose

• Institutional investor meetings to discuss publicly available information

Additional Notes

• Schedule may change due to exigencies of investors or company
• Intimation hosted on the company website

Fund-raising plan

• Approved fund-raising via equity shares up to ₹1,500 crore.
• Modes include public issue and/or QIP, in one or more tranches.
• Subject to shareholders' approval and regulatory/statutory approvals.
• Postal ballot to seek shareholder approval; formed a fundraising committee.
• Notice of postal ballot to stock exchanges to be submitted in due course.

Financial Performance

• Q1 FY27 gross margin 30.8%; up 810 bps YoY; CP PLUS contribution ~87% of revenue.
• EBITDA 208 crores; up 20%; EBITDA margin 14.8%; up 604 bps.
• Adjusted PAT 142.2 crores; up 332.5% YoY; lower finance costs by 59% YoY.
• IP products ~79% of CP PLUS portfolio.
• Inventory and debtor days improved; cash conversion cycle 64 days; debt/equity 0.07.

Operating / Segment Update

• CP PLUS market share 43.3% in Indian video surveillance FY2026 (F&S).
• Kadapa facility capacity ~2.5 million units/month; enclosure expansion to be operational by Q3.
• Localization JV with Corelink; Rajasthan facility ~1 lakh sq ft; start by year-end.
• Line additions: +3 FA lines and 1 MI line; 42 FA, 4 MI, 12 SMT lines by Aug.
• Three R&D centers: Noida, Ahmedabad, Taiwan; Bengaluru to open soon.

Projects and Capex

• Kadapa expansion and Greater Noida land bank; capacity to almost double in 3 years.
• New manufacturing clusters planned with gradual quarterly capacity increases.

Outlook and Guidance

• FY27 EBITDA guidance 14%–15%; Q1 FY27 at 14.8%.
• Average price hikes: 15%–20% by end of H1; full-year ~25% expected.
• Revenue guidance for FY27: INR60–65 billion.
• Export opportunities expected in 18–24 months.

Q&A Highlights

• Price hikes: gradual, not across-the-board; varies by product.
• Backward integration: minor margin uplift; exact percent not quantified; PCB localization planned.
• TAM for new categories (Pro, Home IoT, industrials, drones): potential additions; early stage; 5k–10k crore range discussed.
• R&D spend: not tied to revenue percentage; ongoing investments.
• Capacity plan: current 2.5 mn units/month; 85–90% utilization; target to almost double in 3 years.
• Sourcing: 35% BOM from Taiwan semiconductors; localization possible with fabs; India-based chips being explored.
• Forex hedging: weekly hedges; 85%–100% cover; board-reviewed policy.

Meeting Details

• Board meeting scheduled for Wednesday, August 19, 2026; time and venue not disclosed.

Key Agenda Items

• Proposal to raise funds through issuance of securities (public or QIP) subject to approvals.
• Approve postal ballot notice and process to obtain shareholder approval.

Other Notes

• Trading window remains closed for designated persons until 48 hours after Aug 19, 2026 board meeting.

Issue Overview

• IPO of equity shares; main objects are debt prepayment and general corporate purposes.
• Total size and net proceeds disclosed; no undersubscription reported.
• GCP cost allocation revised within permissible limits.
• Main objects: Prepayment of borrowings; General corporate purposes.

Utilisation of Proceeds

• Utilisation as disclosed; no material deviation observed.
• GCP cost reallocation occurred, but within regulatory limits.
• Prepayment of borrowings fully utilised; GCP fully utilised; unutilised funds: nil.
• Total utilisation aligns with disclosed amounts.

Governance and Compliance

• Statutory approvals not applicable; no shareholder approvals required.
• No material events affecting viability reported.
• No conflicts or related concerns disclosed.

General Corporate Purpose (GCP)

• GCP utilised 11.36 Cr for payments to vendors.
• Cost revision for GCP raised to 101.36 Cr, within 25% cap.
• Board notes on GCP allocation: no comments provided.

Financial Performance

• Q1 FY27 revenue ₹1,402.4 cr; YoY growth 89.5%.
• Q1 FY27 EBITDA ₹207.8 cr; EBITDA margin 14.8%.
• Q1 FY27 PAT ₹142.2 cr; PAT margin 10.1%.
• FY27 revenue guidance ₹6,000–₹6,500 cr; EBITDA 14–15%.

Operations & Capacity

• Kadapa plant capacity 2.5 million units per month.
• Corelink Cable JV with Orient Cable on track.
• Diversification: CP PLUS PRO, Global Shutter, Explosion-Proof; launch by Q4.
• Home IoT products: VDP, MVDP, door locks, door bells.
• AI/industrial focus: drones, machine vision cameras, AMR.
• GTM: direct enterprise/government/AI Projects; top-down demand approach.
• New corporate office and R&D center inaugurated on 2 Aug 2026.

Strategic Growth & Guidance

• Q1 revenue ~18–20% of full-year FY27 guidance.
• FY27 growth targets: revenue +40–50%; EBITDA +45–65%; PAT +50–65%.
• Pricing: input cost inflation ongoing; price rises monthly to pass costs.
• FY27 revenue target: ₹6,000–₹6,500 cr; EBITDA margin 14–15%; Adjusted PAT growth 50–65%.

Governance & Leadership

• Head of Credit hired in 2025; General Counsel joined Apr 2026.
• CHRO joining Sep 2026; M&A Head hiring in progress.

Risks & Mitigation

• Input cost inflation persists; mitigated by monthly price increases.

Financial Highlights

• Revenue ₹1,402.4 Cr; EBITDA ₹207.8 Cr; PAT ₹142.2 Cr; Revenue up 89.5% YoY.
• Gross margin 30.8%; CP PLUS ~87% of revenue; IP products ~79% of CP PLUS.
• EBITDA margin 14.8% (up 604 bps); Adjusted PAT margin 10.1% (up 569 bps).

Operational & Strategic Developments

• Kadapa plant: operational by Q3 FY27; 30 million annual capacity; Kadapa capacity to double in 2 years.
• Greenfield expansions at Kadapa and Greater Noida; land acquisitions in progress.
• Corelink Cable JV with Orient Cables for LAN/CCTV cables; 100k sq ft facility; ops by Q3 FY27.
• NEXIVUE fully operational; new corporate office & R&D center inaugurated in Greater Noida on Aug 2, 2026.
• Qualcomm collaboration for edge AI-enabled solutions to boost localization.
• FY2027 guidance remains on track.