Ivalue Infosolutions Ltd

IValue Infosolutions Limited – Trading Window Closed from October 1, 2026 till closure of 48 hours from the declaration of Unaudited Standalone and Consolidated Financial Results for the quarter and half year ending September 30, 2026.

Meeting Details

• Date and time: September 21, 2026, 10:00 AM to 4:00 PM IST, Mumbai
• Type/Mode: Group investor meeting, in-person
• Event: Anand Rathi G-200 Summit 2026: Bharat – The Next Engine of Global Growth
• Participants: Management Representatives from iValue Infosolutions
• Additional participants: Company Secretary and Compliance Officer to attend
• Purpose: Investor interaction on publicly available industry/company developments

Meeting Details

• Date and time: September 07, 2026, 02:30 PM–04:30 PM IST.
• Type/Mode: Group virtual meeting with Analysts/Investors.
• Event: Center of Excellence (CoE) virtual meet.
• Key participants: Management Representatives from the company.
• Purpose: Investor interaction on publicly available industry/company developments.
• Content scope: Public-domain developments will be discussed.

Rating Action

• ICRA upgrades long-term cash credit to A+ (Stable) and short-term to A1+.
• Previous ratings: A (Stable) and A2+; current ratings effective Aug 24, 2026.

Instruments & Ratings

• Long-term fund-based cash credit Rs 118 crore; rating A+ (Stable).
• Short-term non-fund based interchangeable Rs (62.50) crore; rating A1+.

Rationale – Key Drivers

• Scale-up in operations; GOI Rs 2,912 crore in FY2026; 18.9% growth.
• OPM 4.7% in FY2026; margins typical for IT distributors.
• Net debt negative since 2020; minimal capex; IPO OFS Rs 560.3 crore.
• Working capital intensity reduced to 10.8% in FY2026.
• Liquidity strong; unencumbered cash Rs 267.4 crore.

Credit Challenges

• Working capital-intensive; margins 4.5-5.5%; scale moderate.
• Competition; acquisitions evaluated case-by-case.

Liquidity & Coverage

• Unencumbered cash Rs 267.4 crore; WC limits over Rs 70 crore.
• Cash flow generation Rs 30-50 crore annually.
• TOL/TNW 1.5x; Debt/OPBDIT 0.5x; Interest coverage 10.9x.

Outlook & Sensitivities

• Outlook: Stable.
• Upgrade if scale and margins improve; liquidity remains strong.
• Downgrade risk with material decline in scale or large capex.

Material Change

• Upgrade from A (Stable)/A2+ to A+ (Stable)/A1+ on Aug 24, 2026.

Financial Highlights

• FY2026 GOI Rs 2,912 crore; YoY growth 18.9%.
• OPBDIT/GOI 4.7%; PAT Rs 98.4 crore.
• TOL/TNW 1.5x; Debt/OPBDIT 0.5x; Interest coverage 10.9x.
• Unencumbered cash Rs 267.4 crore; WC limits over Rs 70 crore.

AGM details

• Date, time, and mode: Aug 19, 2026 at 03:00 PM IST via VC/OAVM.
• Record date: Aug 12, 2026.

Resolutions considered

• Resolution 1 (Ordinary): Adopt audited financial statements and reports.
• Resolution 2 (Ordinary): Re-appoint Krish Narayan Sharma as Executive Director.
• Resolution 3 (Special): Re-appoint Nagendra Venkaswamy as Independent Director.
• Resolution 4 (Special): Re-appoint Sumith Kamath as Independent Director.
• Resolution 5 (Special): Re-appoint Kalpana Rangamani as Independent Director.
• Resolution 6 (Ordinary): Re-appoint Kabir Kishin Thakur as Non-Executive Director.

Voting results

• Resolution 1: Passed; 100% in favour.
• Resolution 2: Passed; 99.999% in favour; 0.001% against.
• Resolution 3: Passed; 90.081% in favour; 9.919% against.
• Resolution 4: Passed; 99.999% in favour; 0.001% against.
• Resolution 5: Passed; 90.081% in favour; 9.919% against.
• Resolution 6: Passed; 99.999% in favour; 0.001% against.

Dividend

• No dividend proposed or declared.

Director changes

• Krish Narayan Sharma re-appointed as Executive Director.
• Nagendra Venkaswamy re-appointed as Independent Director.
• Sumith Kamath re-appointed as Independent Director.
• Kalpana Rangamani re-appointed as Independent Director.
• Kabir Kishin Thakur re-appointed as Non-Executive Director.

Auditors

• No auditor appointments or changes disclosed.

Material related party transactions

• No material related party transactions approved.

Other material approvals

• No ESOPs or other significant approvals disclosed.

AGM details

• AGM held on August 19, 2026 at 3:00 PM IST via VC/OAVM.
• Deemed venue: Company registered office, Bangalore.
• Remote e-voting from Aug 16 to Aug 18, 2026.
• Meeting commenced at 3:05 PM IST; quorum declared.
• Live webcast available to non-members; recording uploaded.
• Notice and annual report circulated July 25, 2026.

Resolutions put to vote

• Adopt audited standalone and consolidated financial statements for FY ended March 31, 2026.
• Re-appoint Krishna Raj Sharma as Director liable to retire by rotation.
• Re-appoint Nagendra Venkaswamy as Independent Director.
• Re-appoint Sumith Ramrao Kamath as Independent Director.
• Re-appoint Kalpana Rangamani as Independent Director.
• Re-appoint Kabir Kishin Thakur as Non-Executive Non-Independent Director.

Voting results

• Voting results will be submitted separately to stock exchanges.

Governance notes

• No new director appointments; existing directors up for re-appointment.
• Auditors' report had no qualifications or adverse remarks.
• Notice circulated July 25, 2026.

Closure

• Meeting concluded at 4:27 PM IST.

Meeting Details

• Date: 12 August 2026; Time: 10:00 AM to 4:00 PM IST.
• Type: group investor meeting; Mode: in-person.
• Event/organiser: Emkay Confluence 2026.
• Venue: Mumbai, India.

Participants

• Management Representatives from iValue Infosolutions to participate.

Purpose

• Analyst/investor meeting; discussion based on publicly available information.

Additional Notes

• Discussion will be based on publicly available information; no price-sensitive information will be shared.

Meeting Details

• Date and time: July 29, 2026, 06:30 PM to 07:45 PM IST
• Type and mode: Earnings conference call, group, virtual
• Event: iValue Q1 FY27 Earnings Conference Call
• Organiser: EY Investor Relations
• Transcript available: attached and on company website

Participants

• Key company participants: Chairman & MD; Executive Director; Chief Financial Officer
• Moderator: EY Investor Relations

Purpose

• Discuss Q1 FY27 unaudited standalone and consolidated results
• Provide business updates and FY27 outlook

Additional Notes

• CEO to step down; Sunil Pillai and Krishna Raj Sharma to jointly oversee
• Umashankar Krishnamoorthy appointed Chief Business Officer
• Sameer Kanse appointed Chief Revenue Officer
• Mitish Chitnavis appointed Chief Technology Officer
• First AGM post-listing on 19 August 2026
• Guidance: 20% growth in gross sales and PAT for FY27

Resignation details

• Shrikant Manohar Shitole resigns as CEO; tendered voluntary resignation.
• Effective from close of business hours on July 31, 2026.
• Reason: personal reasons.
• Resignation is voluntary; no other material reasons reported.
• No interim arrangements or successor named in filing.
• Ceases to be Key Managerial Personnel (KMP) on resignation.
• Disclosure confirms no further material reasons beyond those stated.