Latent View Analytics Ltd

Latent View Analytics Ltd: Trading Window closed Oct 01, 2026 to Nov 02, 2026 ahead of unaudited standalone and consolidated results for quarter and half year ending Sep 30, 2026

Meeting Details

• Date: October 31, 2026; time and venue not disclosed.

Key Agenda Items

• Latent View board to consider unaudited standalone and consolidated results for quarter and half-year ended Sep 30, 2026.

Other Notes

• No trading window closure period mentioned.

ESG rating update

• ESG rating of 76.49 assigned by Niche99 as of Sept 17, 2026.
• Company did not engage Niche99; report prepared independently using public-domain data.

Meeting Details

• Date: September 16, 2026.
• Meeting type and mode: One-on-one, virtual.
• Organiser: Equirus Securities Private Limited.
• Discussion: Industry/company-specific developments already in the public domain.
• Key company participant: Company Secretary and Compliance Officer.

ESOP allotment and capital update

• Board approved on Sept 8, 2026, allotting 1,58,250 ESOP 2016 shares.
• Post allotment, total issued capital rises to 20,70,83,230 shares.
• ISIN: INE0I7C01011 allocated for the newly issued shares.
• Exercise price per share: 6.29 for 20,000 shares; 76 for 138,250.
• Premium per share: 5.29 for 20,000 shares; 75 for 138,250.
• Date of issue: September 08, 2026.
• Total issued shares after issue: 20,70,83,230.
• Annexure I contains Regulation 10(c) disclosures.
• Shares rank pari-passu with existing equity shares.

ESG rating update

• ESG rating for FY2026: 7.6 assigned by NSE Sustainability.
• Company did not engage NSE Sustainability; rating based on public-domain data.
• Rating prepared independently using public-domain data.
• Date of communication: September 2, 2026.

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.

Appointment of Independent Director

• Appointed Independent Director for a five-year term from June 17, 2026.
• Approved by shareholders at the 20th AGM held July 31, 2026.
• Profile: 25-year finance leadership; MD, Alstom Global Finance Centres; ex-GM, Ford.
• Not related to any other director.
• Not debarred by SEBI or any authority.

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.