Protean eGov Technologies Ltd

Contract award details

• Government of Arunachal Pradesh awarded the Arun Parivar Patra State Family Registry Platform contract.
• Scope covers design, development, implementation and maintenance, enrolment, mobile app, data validation, and integrations.
• Contract value INR 5.99 crore including taxes.
• Domestic award by Government of Arunachal Pradesh.
• Implementation period 12 months; 36 months O&M; total 48 months.
• No promoter group interest or related party transactions.
• Strengthens Protean's North-East digital ecosystem presence; potential for similar initiatives.

Dividend and tax framework

• Final dividend 100% (Rs 10 per share) for FY2025-26, subject to AGM approval.
• Record date fixed Friday, 28 Aug 2026 to determine eligibility.
• Dividend payable within 30 days after the AGM.
• Dividend taxed in shareholders' hands; company to deduct TDS at source.
• TDS treatment varies by residence and submitted documents.

TDS details and documentation

• Resident: TDS 10%; no TDS for resident individuals with dividend ≤ Rs 10,000.
• Higher TDS (20%) if PAN is not linked/invalid; 0% with lower withholding certificate.
• Submit Form 121 or category declarations with documents by Aug 28, 2026.
• Non-residents: FIIs/FPIs at 20% (or treaty rate); Indian bank branch at 35% (or nil with order).
• DTAA benefits require document completeness; absent docs, standard rates apply; update bank details before record date.

Resolution 1: Director Appointment

• Ordinary resolution: Ajay Rajan appointed Director from 01-Jun-2026; 99.83% assent.

Resolution 2: MD & CEO Appointment

• Special resolution: Ajay Rajan appointed MD & CEO for 3 years from 01-Jun-2026; minimum remuneration approved.

Resolution 3: Independent Director Appointment

• Special resolution: Nandkumar Saravade appointed Non-Executive Independent Director for 3 years from 01-Jun-2026.

Impact on governance

• Board composition refreshed; no capital actions or share changes approved.

Record Date and Dividend

• Record date fixed for entitlement to final dividend on August 28, 2026.
• Final dividend of Rs 10 per equity share, 100% payout.
• Subject to shareholder approval at the upcoming AGM.

Financial performance

• Revenue from operations: INR251 crores, up 19% YoY.
• EBITDA: INR28 crores, margin 10%.
• Normalized EBITDA: INR46 crores, margin around 17.2%.
• PAT: INR6 crores, margin 2.2%.
• EPS of INR1.4 crores for Q1FY27.
• One-time upfront investments of INR18 crores affected margins.
• Zero debt; cash and marketable securities over INR800 crores.

Operational highlights

• PAN issuances: over 1 crore PAN cards issued.
• PAN market share rose to 62% in Q1FY27 from 59% FY26.
• CRA: about 3.9 million new subscribers; 95% of incremental additions.
• Onboarded over 1,000 new corporates; highest quarterly figure.
• Dominant 97% share across NPS, APY, UPS.
• NPS Vatsalya: subscribers surpass 2 lakh; 78,000 added in quarter.
• Identity Services grew 16% revenue; 20% volume growth.
• eSign Pro highlighted as scalable, profitable opportunity.
• New initiatives contributed 17% of quarterly revenues; 10% in FY26.

Aadhaar Seva Kendra and capex

• 75 ASKs across 24 states as of July 2026.
• Revenue from centers has commenced; rollout to complete by Q3 FY27.
• People costs up; centers ramping; hiring ongoing.
• Margins not EBITDA accretive; stabilization expected by Q2/Q3 FY27.
• Centers live 3-4 months; early revenue in line with expectations.

Strategic outlook

• Three pillars: DPI 2.0, DPI-in-a-box, international expansion.
• Shift to solution-led monetization; per journey/outcome pricing; margin improvement.
• International expansion to be partnership-led, capital-light.
• CKYC mandate and sovereign cloud; MeitY-certified cloud differentiated.
• DPI-in-a-box offers modular, interoperable building blocks.
• Global export of India's DPI; Protean to be global carrier.

Q&A highlights

• Inorganic opportunities are being explored; specifics not disclosed.
• Aadhaar Seva Kendra margins not EBITDA accretive; stabilization by Q2/Q3 FY27.
• PAN 2.0 readiness; no platform changes required now.
• Margins expected to improve in 2-3 years as investments mature.
• New initiatives drove INR42 crores; drivers include RFP, Aadhaar, eSign Pro.

Meeting Details

• Date and time: Aug 4, 2026, 5:00 PM IST; organizer: Protean eGov Technologies; virtual earnings conference call.

Participants

• Key participants: MD and CEO; WTD and COO; CBPO; CFO; VP, Head IR.

Purpose

• Purpose: discuss Q1FY27 operational and financial performance.

Additional Notes

• Recording/presentation: not specified in filing.

Meeting Details

• Board meeting scheduled for August 4, 2026.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.
• Approve the Limited Review Report of the statutory auditor on the results.

Other Notes

• Trading window closed from July 1, 2026 to August 6, 2026.