Pine Labs Ltd

Dematerialisation status

• Certificate under Regulation 74(5) for the quarter ended Sep 30, 2026 received from KFin Technologies.
• Entire holding of Pine Labs shares is in dematerialised form.
• No rematerialisation requests were received during the quarter ended Sep 30, 2026.

Partnership extension with Woolworths Group

• Pine Labs extends five-year technology partnership with Woolworths Group to power gift card ecosystem.
• Through Qwikcilver, partnership focuses on enhanced platform capabilities and deeper API integrations.
• Aims to support new digital stored-value experiences across physical and digital channels.
• Qwikcilver platform covers issuance, processing, transaction management, and omnichannel programs.
• API-led, modular architecture enables Woolworths to add use cases via existing infrastructure.

Pine Labs Limited: Trading window closed from October 1, 2026; shall re-open after 48 hours from the declaration of the unaudited Financial Results for the quarter and half year ending September 30, 2026.

Share Allotment under ESOP

• Allotted 8,90,722 equity shares of ₹1 each on Sept 22, 2026 under Pine Labs ESOP Plan 2025.
• Paid-up capital increased from ₹1,15,38,58,090 to ₹1,15,47,48,812.

AGM Details

• AGM held on September 16, 2026 via video conferencing (VC/OAVM) at 12:00 IST.
• Remote e-voting and AGM-day voting were used for resolutions.
• Record date for voting fixed; shareholders on record were notified.
• Public attendance occurred via VC; promoter group attendance not disclosed.

Resolutions and Voting

• Resolution 1 (Ordinary): adoption of audited standalone and consolidated financial statements; passed.
• Resolution 2 (Ordinary): re-appointment of Kush Mehra; passed.
• Resolution 3 (Ordinary): re-appointment of M/s B S R & Co. LLP as statutory auditors; passed.
• Resolution 4 (Special): remuneration revision for Kush Mehra, WTD; passed.
• Resolution 5 (Special): remuneration revision for Amrita Gangotra; passed.
• Resolution 6 (Special): remuneration revision for Maninder Singh Juneja; passed.
• Resolution 7 (Special): remuneration revision for Smita Chandramani Kumar; passed.

Appointments & Remuneration

• Kush Mehra re-appointed as Director.
• M/s B S R & Co. LLP appointed as Statutory Auditors; remuneration fixed.
• Remuneration revisions approved for four directors and independent directors.

Related Parties

• No material related party transactions reported.

AGM Details

• Held on the scheduled AGM date via VC/OAVM.
• Meeting started mid-day and ended in the early afternoon.
• Attendance: members present via video conferencing.
• Quorum declared; meeting chaired by the chairperson.

Key Resolutions

• Adopt audited standalone and consolidated financial statements for the year.
• Re-appoint director retiring by rotation.
• Re-appoint statutory auditors and fix remuneration.
• Approve remuneration revision for Whole-Time Director.
• Approve remuneration revision for Independent Director.
• Approve remuneration revision for another Independent Director.
• Approve remuneration revision for a third Independent Director.

Voting

• Resolutions were put to vote via remote e-voting prior to AGM.
• Voting results to be disclosed after Scrutinizer's report.

Appointment details

• Pine Labs appoints Jayaram Karthik as Chief Operations Officer to lead global operations.
• Jayaram brings 25+ years across operations, risk, analytics and technology.
• Previously led roles at American Express, Citibank, Amazon, Tata and Razorpay.
• Appointment supports Pine Labs’ growth through unified operating excellence model.

Strategic impact

• CEO notes the move will strengthen global expansion and operational backbone across 20+ countries.
• Company emphasizes technology-enabled operating models to deliver seamless merchant journeys.
• Management signals focus on regulatory rigor as Pine Labs scales internationally.

AGM notice and report access

• 28th AGM scheduled Sept 16, 2026 at 12:00 IST via VC/OAVM.
• Electronic AGM notice and FY2025-26 Annual Report sent to registered email addresses.
• Access links provided: company website, KFinTech e-voting, BSE, NSE.
• Physical copy available on request with Folio/DP ID and Client ID.

E-voting schedule and email updates

• Cut-off date for remote e-voting: Sept 9, 2026.
• Remote e-voting starts Sept 12, 2026 at 9:00 AM IST.
• Remote e-voting ends Sept 15, 2026 at 5:00 PM IST.
• Members with electronic holdings can update email via DP; physical shareholders via ISR forms.
• Company confirms no shares held in physical form.

Financial performance (Consolidated)

• Consolidated revenue from operations: ₹2,710.59 cr (FY2025: ₹2,274.27 cr)
• Profit after tax: ₹112.51 cr
• Profit before tax: ₹137.28 cr
• Basic EPS: ₹1.05
• Diluted EPS: ₹1.02

Geography & customers

• India revenue: ₹2,307.57 cr
• Outside India revenue: ₹403.02 cr
• No customer contributed >10% of revenue (FY2026)

Business mix & segments

• Digital infra & transaction platform revenue: ₹1,812.58 cr
• Issuing & acquiring platform revenue: ₹583.65 cr