Xtglobal Infotech Ltd

Cessation: Kalidindi

• Venkata Appala Narasimha Raju Kalidindi ceased as Independent Director and Chairperson on 29 Sep 2026 after term completion.

Cessation: Malireddy

• Jagannatha Prasad Malireddy ceased Independent Director on 29 Sep 2026 after completing tenure.

Appointment: Paladugu

• Venkata Madhusudhana Rao Paladugu appointed Independent Director for five-year term, effective 29 Sep 2026.

Profile: Paladugu

• Paladugu is a Chartered Accountant with finance and business management experience; not debarred by SEBI.

Appointment: Mullapudi

• Jitesh Raghu Mullapudi appointed Non-Executive Non-Independent Director, effective 29 Sep 2026.

Profile: Mullapudi

• Mullapudi is an experienced real estate/investment professional; UT Austin BBA in Finance; son of MD Ramarao Mullapudi.

Chairperson Appointment

• Saibaba Karuturi appointed Chairperson of the Board, effective 29 Sep 2026, consequent to Kalidindi's cessation.

Board Committees Reconstitution

• Audit, Nomination & Remuneration, and Stakeholders Relationship Committees reconstituted from 29 Sep 2026.

Appointments

• Jitesh Raghu Mullapudi appointed Non-Executive Non-Independent Director, effective 29 Sep 2026.
• Profile: business and finance Real Estate track; UT Austin; son of MD Ramarao Atchuta Mullapudi.
• Venkata Madhusudhana Rao Paladugu appointed Independent Director.
• Term: 5 years.
• Profile: Chartered Accountant with finance and business management experience.
• Not related to other directors.
• Not debarred by SEBI/authorities.

Re-appointments

• Ms. Vuppuluri Sreedevi re-appointed as Director, 29 Sep 2026.
• Term: rotation under Section 152 of the Companies Act 2013.
• Designation: Whole-Time Director.
• Profile: Commerce graduate; operations management expertise.
• Not related; not debarred.
• Ms. Vuppuluri Sreedevi re-appointed as Whole-Time Director for a further 5 years.

Cessations

• Venkata Appala Narasimha Raju Kalidindi ceased due to completion of tenure; 29 Sep 2026.
• Jagannatha Prasad Malireddy ceased due to completion of tenure.

Filing Status

• Re-appointment of M/s. C. Ramachandram & Co. as Statutory Auditors approved for five-year term.
• Term runs from 29 September 2026 to the conclusion of the 43rd AGM.

AGM Details

• AGM held on 29 September 2026 at 10:00 AM via video conferencing; venue deemed the registered office.
• Meeting concluded at 10:55 AM.

Resolutions

• To receive, consider, approve and adopt audited stand-alone and consolidated financial statements for year ended 31 March 2026.
• To appoint Ms. Vuppuluri Sreedevi for reappointment by rotation.
• To appoint M/s C. Ramachandram & Co. as Statutory Auditor for five consecutive years from the AGM's conclusion.
• To re-appoint Ms. Vuppuluri Sreedevi as Whole-time Director (Executive) for five years.
• To appoint Mr. Jitesh Raghu Mullapudi as Non-Executive Non-Independent Director.
• To appoint Mr. Venkata Madhusudhana Rao Paladugu as Independent Director for five years.
• To approve material related party transactions with subsidiaries including XTGlobal, Inc. and NetworkObjects, Inc.

Voting Status

• Voting outcomes not disclosed in the filing.

XTGLOBAL INFOTECH LIMITED — Trading Window Closed from 01 October 2026 till 48 hours after declaration of Un Audited (Standalone & Consolidated) Financial Results for the quarter and half year ended September 30, 2026.

Public sector program win

• XTGlobal selected as qualified technology partner for a multi-year U.S. state government cloud and AI program.
• Initial two-year term with three one-year renewal options; potential five-year contracting framework.
• Aggregate addressable opportunity estimated at USD 50-100 million over five years.
• Program covers Cloud Engineering, AI/ML, Generative AI, Data Engineering, DevSecOps, Cloud Security, FinOps, automation.
• Opportunity broadens XTGlobal's U.S. Public Sector footprint and cloud/AI capabilities.
• XTGlobal to compete for engagements as requirements are issued.

Meeting Details

• Board meeting scheduled for 5 September 2026; time and venue not disclosed.

Key Agenda Items

• Consider and recommend Final Dividend for FY 2025-26, subject to AGM approval.
• Approve the Annual Report for FY 2025-26.
• Approve Notice for the 38th Annual General Meeting.
• Approve Board's Report for year ended 31 March 2026 and annexures.
• Approve Corporate Governance Report and related disclosures.
• Consider and recommend appointment/re-appointment of Directors and AGM-related matters.
• Re-appointment of M/s. C. Ramachandram & Co. as Statutory Auditors for five years, subject to Members' approval.
• To consider and approve other agenda items.

Other Notes

• Trading window closes from 2 September 2026 for designated persons and relatives until 48 hours after outcome dissemination.

Financial Performance

• Standalone revenue 719.19 crore; YoY +8%; QoQ +1.8%.
• Standalone EBITDA 2.82 crore; margin 14.7%; YoY +76.3%.
• Standalone EBIT (PBT) 23.08 crore; margin 16%; YoY +75.6%.
• Standalone PAT 71.82 crore; margin 9.5%; YoY +19.8%.
• Consolidated revenue 93.30 crore; YoY +1.1%; QoQ +2%.
• Consolidated EBITDA 7.06 crore; margin 7.6%; YoY +7.8%.
• Consolidated PAT 3.89 crore; margin 4.2%; YoY +4.3%.

Operating Update

• F&A practice added seven new engagements across Australia, US, Ireland in Q1 FY27.
• IT services added clients in India and the US; Ireland market entered via F&A outsourcing.
• Entered Irish market with offshore finance support from India delivery centers.
• Zoho implementation 90% complete in quarter across 13 products/modules; stabilization targeted.
• Strategy focused on international expansion, client-base broadening, and execution discipline.

Q&A Highlights

• PaaS growth engine: next year focus on Australia and Ireland; expect million-dollar local-currency revenue.
• Current PaaS share is less than 10%; growth expected as U.S. government contracts and public sector work expand.
• USG contracts: pursuing general bidding for state sectors; revenue growth anticipated in US public sector.
• GCC engagement: target mid-market; start with 3–5 members, scale to ~50 over time.
• Dividend plan discussed; may be considered next quarter after results.

Outlook and Guidance

• PaaS focus: Australia and Ireland expected to deliver milestone revenue next year; local-currency targets in scope.
• Offshore shift supports margins; ongoing mix improvement anticipated to sustain EBITDA gains.
• US and Ireland expansion seen as key near-term growth vectors; diversified international footprint.

Meeting Details

• Date and time: 17 August 2026, 5:00 PM IST
• Type and mode: group conference call; virtual
• Event/organiser: Q1 FY27 Earnings Conference Call (XTGlobal Infotech Limited)

Participants

• Company management team discussed results with Analysts and Investors

Purpose

• Discuss Q1 FY27 results for quarter ended 30 June 2026

Availability

• Audio recording of the conference call is available