Latent View Analytics Ltd

ESG rating disclosure

• ESG rating of 77 assigned for Latent View Analytics Ltd.
• Company states it did not engage the rating firm; report prepared independently from public-domain data.
• Communication dated August 17, 2026; disclosure made August 18, 2026.
• No impact on operations or disclosed financials.

Financial Performance

• Q1 revenue: INR 287 crores, up 21.6% YoY.
• QoQ revenue declined 0.6%.
• Dollar revenue: USD 30.3 million; down 3.5% QoQ.
• Adjusted EBITDA: INR 58.6 crores; margin 20.4%.
• Wage hikes contributed about 2.7% margin impact.
• One-off insourcing effect: one month revenue recognized.
• Transaction-related costs: this was the last quarter.
• Guidance anchored: 12% full-year growth; upside possible.
• Q2 expected bounce back; pipeline supports full-year plan.

AI and Growth Outlook

• AI revenue: about 80% of work includes AI; 35% is primary AI.
• Q1 primary AI share: 35% of work.
• 14+ opportunities worth USD 0.5m each, if materialize.
• 15+ AI-led opportunities pipeline; six new accounts this quarter.
• Foundry for pricing agents; partnerships with OpenAI and Anthropic.
• 200 Anthropic certifications; Chief Technology and AI Officer organization planned.
• Forward-deployed engineers to shorten delivery; walled-garden model.
• Observability, guardrails, governance integral to AI platform.

Pipeline and Operations

• Six new accounts across financial services and auto components.
• AI data center infra work underpins analytics on energy use.
• Tech practice contracted due to insourcing; expect bounce back.
• Databricks revenue: last year net new USD 5m; platform-driven USD 17.5-18m.
• Databricks run-rate around USD 7.8m; next quarter about USD 8.5m.

Guidance and Risks

• Full-year USD 200m revenue target contingent on pipeline materialization.
• Macro risks; currency movements; margins guided at 20-21%.
• Inorganic opportunities in financial services and health care.
• Balance sheet focus: investments in AI, partnerships, and capability building.

Q&A Highlights

• Q1 guidance: management expressed confidence based on current quarter pipeline.
• Transaction costs to end; no further such expenses planned.
• EBITDA margin outlook: 20-21%; investments may offset currency gains.
• Backlog is lumpy; push toward larger programs.
• Databricks revenue momentum remains robust; next-quarter uplift expected.

AGM Details

• AGM held July 31, 2026 at 03:00 PM IST, via VC/OAVM.
• Quorum: 42 members attended.
• Remote e-voting from July 28 to July 30, 2026.
• Meeting concluded at 4:15 PM IST.

Key Resolutions

• Adoption of Audited Financial Statements and Reports (Ordinary).
• Re-appointment of Ms Pramadwathi Jandhyala (by rotation) — Ordinary.
• Appointment of Ms Sudha Sankaran as Independent Director (Special).

Voting Results

• Voting results to be announced on stock exchanges and the company website within two working days.

Dividend

• Dividend: No dividend proposed or declared.

Director Changes

• Ms Sudha Sankaran inducted as Independent Director.
• Ms Sonal Ramrakhiani appointed as Chief Executive Officer.
• Rajan Sethuraman shifts from CEO to Strategic Advisor to the CEO.
• Acknowledgement of Dipali Sheth and Mukesh Butani for Independent Director tenure.

Auditor Appointments

• No changes to statutory, secretarial, or cost auditors announced.

Material Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• No other material approvals disclosed.

Meeting Details

• Date: August 04, 2026; time not disclosed.
• Type/Mode: One-on-one / group meeting; venue Mumbai.
• Event/Organizer: Non-Deal Roadshow (NDR).
• Discussion focus: industry/company-specific developments in the public domain.
• Key company participants: Company Secretary & Compliance Officer.

Meeting Details

• Date and time: August 3, 2026, 9:00 AM IST (9:00–10:00 IST).
• Mode: Virtual group earnings call.
• Organizer: Latent View Analytics Limited.
• Quarter: Quarter ended June 30, 2026.

Participants

• Speaker: Chief Executive Officer will participate.
• Speaker: Chief Financial Officer will participate.
• Speaker: Strategic Advisor to the CEO will participate.

Purpose

• Purpose: Discuss Q1FY27 results and related outlook.

Additional Notes

• Results for Q1FY27 announced on August 1, 2026.
• Related materials will be available on the company website.

Leadership changes

• LatentView appoints Sonal Ramrakhiani as Chief Executive Officer, effective July 15, 2026.
• Rajan Sethuraman to serve as Strategic Advisor to the CEO for up to six months.
• Sonal to accelerate LatentView's global growth, focusing on Americas and Europe.
• Sonal previously led Wipro Engineering Edge in the Americas; based in the United States.

CEO transition and resignation

• Rajan Sethuraman resigns as Chief Executive Officer and KMP, effective July 15, 2026.
• Resignation submitted by email on July 14, 2026.
• Transition to Strategic Advisor to the CEO, effective July 15, 2026.
• Reason: leadership transition and pursuit of next chapter.

Appointment of Sonal Ramrakhiani as CEO

• Ms. Sonal Ramrakhiani appointed Chief Executive Officer (Senior Management Personnel), effective July 15, 2026.
• Term: Full-time employment.
• Profile: 20+ years in global leadership; led Wipro Engineering Edge Americas; Tata Group roles.
• Not related to any director or KMP.
• Date of appointment: July 15, 2026.
• Reason: appointment as Chief Executive Officer.

CEO transition

• Rajan Sethuraman resigns as CEO; becomes Strategic Advisor to the Chief Executive Officer, effective July 15, 2026.

CEO appointment

• Ms. Sonal Ramrakhiani appointed Chief Executive Officer (Senior Management Personnel), full-time, effective July 15, 2026.
• Profile: 20+ years global leadership; led Wipro Engineering Edge; Tata Group senior roles.
• Ramrakhiani not related to any director or KMP.

Dematerialisation status and certificate handling

• Dematerialisation requests were confirmed to depositories and listed on exchanges.
• Physical certificates for dematerialisation were mutilated, cancelled after due verification, and depositories named registered owner.
• Entire share capital is held in demat mode by shareholders.
• Securities dematerialised/rematerialised have been listed on the exchanges.