The Board of Directors presents the Annual Report along with the Audited statement of accounts for the year on 31^st March,
2026. The consolidated performance of the company and its subsidiaries has been referred to wherever required.

1. FINANCIAL PERFORMANCE

Notes: The above figures are extracted from the audited standalone and consolidated financial statements of the Company
as per the Indian Accounting Standards (Ind AS)

2. COMPANY'S PERFORMANCE & REVIEW
Consolidated Performance

On Consolidated basis, the total revenue (including other
income) stands at ' 539 Crores, for the year 2026 as
compared to ' 410 Crores in the financial year 2025. Profit
After Tax at ' 87 Crores in financial year 2026 as against
' 38 Crores in financial year 2025 and EBITDA stood at
' 138 Crores in financial year 2026 as against ' 83 Crores in
financial year 2025.

Standalone Performance

On Standalone basis, total Revenue (including other income)
stands at ' 390 Crores in financial year 2026, as against ' 286
Crores in financial year 2025. Profit After Tax at ' 67 Crores
in financial year 2026 as against ' 47 Crores in financial year
2025. EBITDA stood at ' 94 Crores in financial year 2026 as
against ' 70 Crores in financial year 2025.

• As per Regulation 33 of the Securities and Exchange
Board of India (Listing Obligations and Disclosure
Requirements) Regulations,2015 (hereinafter referred
to as "Listing Regulations”) and applicable provisions of
the Companies Act, 2013 read with the Rules issued
there under, the Consolidated Financial Statements of
the Company for the financial year 2025-26 have been
prepared in compliance with applicable Accounting
Standards and on the basis of audited financial
statements of the Company, its subsidiaries and
associate companies, as approved by the respective
Board of Directors.

• The Consolidated Financial Statements together with
the Auditors' Report form part of this Annual Report.

3. DIVIDEND

Based on the company's performance, the Board of
Directors have proposed and declared a final dividend at the
rate of ' 0.50 (Fifty Paise) per equity share of the company
along with a special dividend of ' 0.50 (Fifty Paise) per equity
share for the year ended 31^st March, 2026. The company
also possesses a Dividend Distribution Policy and adheres
to its guidelines.

4. TRANSFER TO RESERVES

The Board of Directors of your company has decided not
to transfer any amount to the Reserves for the year under
review.

5. CHANGES IN THE NATURE OF BUSINESS

The Company did not undergo any change in the nature of
its business during fiscal 2026.

6. FIXED DEPOSITS

We have not accepted any fixed deposits, including from the
public, and, as such, no amount of principal or interest was
outstanding as of the Balance Sheet date.

7. PARTICULARS OF LOANS, GUARANTEES OR
AND INVESTMENTS:

Particulars of loans given, investments made, guarantees
given and securities provided along with the purpose for
which the loan or guarantee or security is proposed to
be utilized by the recipient form part of the Notes to the
financial statements provided in this Annual Report.

8. PARTICULARS OF CONTRACTS OR
ARRANGEMENTS MADE WITH RELATED
PARTIES

The Company did not enter into any contracts, arrangements
or transactions during fiscal 2026 that fall under the scope
of Section 188(1) of the Act. As required under the Act, the
prescribed Form AOC-2 is appended as Annexure B to the
Board's report.

9. MANAGEMENT'S DISCUSSION ANDANALYSIS REPORT

In terms of the provisions of Regulation 34 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations,
2015 ("Listing Regulations”), the Management's discussion
and analysis is set out in this Integrated Annual Report.

10. BOARD POLICIES

The details of the policies approved and adopted by the
Board as required under the Act and the Securities and
Exchange Board of India (SEBI) regulations are provided in
Annexure H to the Board's report.

11. SHARE CAPITAL

Change in the Authorised, Issued, Subscribed and Paid-up
Share Capital.

During the financial year 2025-26, the Equity Share Capital
of the Company underwent certain changes. The Company
allotted 86,550 equity shares pursuant to the exercise of
stock options under the Employee Stock Option Scheme
(ESOP). Subsequently, the Company completed a buyback
of 2,15,520 equity shares during the year.

Further, the Company issued bonus shares in the ratio of
3:1, i.e., three equity shares for every one equity share held
by the shareholders. Consequent to the bonus issue, the
Authorised Share Capital and the paid-up share capital of
the Company were increased.

The Authorised Share Capital of the Company stood at
' 100,00,00,000, while the paid-up Equity Share Capital
increased to ' 96,95,94,400 comprising 96,959,440 equity
shares of ' 10 each fully paid-up.

Further, the Board of Directors, at its meeting held on April
28, 2026, approved the allotment of 15,400 equity shares to
eligible employees under the ESOP 2016 Scheme. Pursuant
to the said allotment, the paid-up Equity Share Capital of
the Company increased to ' 96,97,48,400, comprising
96,974,840 equity shares of ' 10 each fully paid-up.

12. MATERIAL CHANGES AND COMMITMENTS
AFFECTING FINANCIAL POSITION BETWEEN
THE END OF THE FINANCIAL YEAR AND DATE
OF THE REPORT

The Board, at its meeting held on April 28, 2026, approved
the allotment of 15,400 equity shares to eligible employees
under the ESOP 2016 Scheme. Consequently, the paid-up
share capital of the Company increased to ' 96,97,48,400.

Except for the aforesaid allotment, there have been no
material changes or commitments affecting the financial
position of the Company that have occurred between the
end of the financial year to which the financial statements
relate and the date of this Report.

13. SUBSIDIARIES

The Company has following subsidiary companies namely
InfoBeans CloudTech Limited (previously known as InfoBeans
CloudTech Private Limited & Eternus Solutions Pvt Ltd.)
InfoBeans INC, InfoBeans Technologies DMCC, InfoBeans
Technologies Europe Gmbh, InfoBeans Technologies LLC
and Ecoplex Infra Private Limited.

The Board of Directors ('the Board') reviewed the affairs
of the subsidiaries. In accordance with Section 129(3) of
the Companies Act, 2013, the Company has prepared
consolidated financial statements of the Company and all its
subsidiaries, which form part of the Annual Report. Further,
a statement containing the salient features of the financial
statement of our subsidiaries in the prescribed format AOC-
1 is appended as Annexure A to the Board's report.

The statement also provides the details of performance and
financial positions of each of the subsidiaries. In accordance
with Section 136 of the Companies Act, 2013, the Audited
Financial Statements, including the consolidated financial
statements and related information of the Company and
audited accounts of each of its subsidiaries are available on
our website www.infobeans.com.

During the year, a new subsidiary, Ecoplex Infra Private
Limited, was incorporated. None of the subsidiaries ceased
to be a subsidiary during the year.

14. MERGER/AMALGAMATION AND
ACQUISITION

InfoBeans has a systematic M&A approach aimed to
strengthen its capabilities, deepen industry expertise,
and expand its geographical footprint. During the year
the Company has obtained shareholder's approval for
scheme of amalgamation between InfoBeans Cloudtech
Limited (Transferor Company) and InfoBeans Technologies
Limited (Transferee Company) and submit the same to
NCLT(National Company Law Tribunal), Indore Bench.

15. HUMAN RESOURCES

Your Company is committed towards creation of
opportunities for its employees that help attract, retain
and develop a diverse workforce. Your Company lays due

importance to conducive work culture for its employees.
To reinforce core values and belief of the Company, various
policies for employees' empowerment have been framed to
enrich their professional, personal and social life. In addition
to above, Company has also laid down Code of Conduct for
Directors and Senior Management Personnel and Whistle
Blower Policy.

The Company has also laid down a Policy under the
Sexual Harassment of Women at Workplace (Prevention,
Prohibition and Redressal) (POSH) Act, 2013 and Constituted
Internal Complaints Committee to redress the complaints.
The details of complaints filed, disposed of and pending
during the financial year pertaining to sexual harassment are
provided in the Business Responsibility and Sustainability
Report of this Integrated Annual Report.

16. EMPLOYEE STOCK OPTIONS SCHEMES:

The Company established a scheme - InfoBeans Partnership
Program in 2016 (ESOP IPP, 2016) for granting stock options
to the eligible employees, with a view to attracting and
retaining the best talent and encouraging employees to
align individual performance with Company's objectives,
and promoting increased participation by them in growth of
the Company. Each option represents one equity share of
the Company. The scheme is governed by SEBI (Share Based
Employee Benefit and Sweat Equity) Regulations, 2021 and
as amended from time to time. The vesting period of stock
options, granted during the year shall be five years. The stock
options shall be exercisable within six months from the date
of vesting. The Shareholders of the company in the meeting
held on July 22, 2016 approved the allocation of 1,00,000
stock options (Revised 3,50,000 options due to bonus) to
the eligible employees of the company and its subsidiaries.
Later the no. of stock options approved by the shareholders
has been increased to 6,00,000 (Six Lacs) subsequently by
passing the shareholders resolution as on March 19, 2021
by Postal Ballot.

After the successful completion of a 5 years plan of the
IPP, 2016, the company established yet another scheme,
InfoBeans Partnership Program, 2022 (New Scheme) with
the same objective as of IPP, 2016. The new scheme was
approved by the shareholders by passing the shareholders
resolution on June 11, 2022 by Postal Ballot which was later
on amended by the shareholder in the AGM held on July
22, 2022.

The total no of options granted till date is 8,30,060 shares to
175 team members of the Company in past 09 years under
two schemes.

17. PARTICULARS OF EMPLOYEES:

The information required under Section 197(12) of the
Companies Act, 2013 read with Rule 5(1) and 5(2) of the
Companies (Appointment & remuneration of Management
Personnel) Rules, 2014 as amended is mentioned in the
Annexure C.

18. DIRECTORS AND KEY MANAGERIAL PERSONNEL

Following Directors, Independent & Non-Independent serve on the Board of the company. In compliance with the provisions
of Sections 149, 152 read with Schedule IV and all other applicable provisions of the Companies Act, 2013 and the Companies
(Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof
for the time being in force) and SEBI (LODR) Regulation 2015, the composition of Board of Directors and Key Managerial
Personnel are as follows:

*Shilpa Saboo resigned on 14^th July, 2025 due to completion of tenure.

The Company also consists of the following Key Managerial Personnel:

Director liable to retire by rotation

Pursuant to the provisions of the Act, Avinash Sethi,
Director, who is liable to retire at the forthcoming Annual
General Meeting, is eligible and has offered himself for
reappointment. Based on the performance evaluation and
the recommendation of the Nomination and Remuneration
Committee, the Board recommends his reappointment.

19. NUMBER OF BOARD MEETINGS

Eleven meetings of the Board were held during the year
under review. For details of meetings of the Board, please
refer to the Corporate Governance Report, which is a part
of this report. The maximum interval between any two
meetings did not exceed 120 days, as prescribed by the Act.

20. BOARD EVALUATION

The Board of Directors has carried out an annual evaluation
of its own performance, board committees, and individual
directors pursuant to the provisions of the Act and SEBI Listing
Regulations. The performance of the board was evaluated
by the board after seeking inputs from all the Directors and
on the basis of criteria such as the board composition and
structure, effectiveness of board processes, information and
functioning, etc. The evaluation parameters and the process
have been explained in the Corporate Governance Report.

21. NOMINATION AND REMUNERATION
POLICY:

The Company's policy on director's appointment and
remuneration and other matters provided in Section
178(3) of the Act has been disclosed in the Corporate
Governance Report, which is a part of this report and is
also available on: https://www.infobeans.com/wp-content/
uploads/2015/12/Nomination-Remuneration-Policy.pdf

22. DECLARATION BY INDEPENDENT
DIRECTORS

The Company has received necessary declaration from
each independent director that he/she meets fgthe criteria
of independence laid down in Section 149(6), Code for
Independent directors of the Act and Regulation 16(1)(b) of
the Listing Regulations.

23. BUSINESS RESPONSIBILITY AND
SUSTAINABILITY REPORT (BRSR)

This Business Responsibility Report forms part of this Annual
Report.

24. AUDITOR AND AUDITOR'S REPORT
Statutory Auditors

At the 12^th Annual General Meeting held on July 22, 2022
the members approved appointment of M/s S R B C & CO
LLP (FRN No. 324982E/E300003) as Joint Statutory Auditor
of the company to hold office for a period of five years from
the conclusion of that AGM till the conclusion of the 17^th
AGM, to be held in the calendar year 2027.

The Auditors report is enclosed with financial statements in
this Annual Report for your kind perusal and information.
No fraud has been reported by the Auditors during the fiscal
year 2025-2026.

Internal Auditors

The Board of Directors on the recommendations of the
Audit Committee have reappointed M/s. Jain Ritesh &
Co. Chartered Accountants as the Internal Auditors of the
Company for the Financial Year 2026-27.

25. SECRETARIAL AUDITOR'S REPORT

The Board has appointed CS Manish Maheshwari, Proprietor
of M/s. M. Maheshwari & Associates, Practicing Company
Secretary, Indore, to conduct Secretarial Audit for the
financial year 2026-27. The Secretarial Audit Report for the
financial year ended March 31, 2026 is annexed herewith
marked as Annexure E to this Report. The Secretarial Audit
Report does not contain any qualification, reservation or
adverse remark.

Compliance With Secretarial Standards

The Company complies with all applicable secretarial
standards issued by the Institute of Company Secretaries
of India. In accordance with the Companies Act, 2013 and
the SEBI (LODR) Regulations, 2015 and other purposes the
Board has the following Five (5) committees as on March
31, 2026:

1. Audit Committee;

2. Nomination and Remuneration Committee; and

3. Stakeholders Relationship Committee;

4. Corporate Social Responsibility Committee;

5. Risk Management Committee.

Apart from the aforesaid committees under the Companies
Act, 2013 and the SEBI (LODR) Regulations, 2015 the
Company has also constituted Internal Complaints
Committee (ICC) under the Sexual Harassment of Women at
the Workplace (Prevention, Prohibition & Redressal) (POSH)
Act, 2013. A detailed note on the Board and its committees
is provided under the Corporate Governance Report section
in this report.

The composition of all Committees has been stated under
Corporate Governance Report forms an integral part of this
Annual Report.

Cost Records and Cost Audit

Maintenance of cost records and requirement of cost audit
as prescribed under the provisions of Section 148(1) of the
Act are not applicable for the business activities carried out
by the Company.

26. REPORT ON CORPORATE GOVERNANCE

Your company continues to place greater emphasis
on managing its affairs with diligence, transparency,
responsibility and accountability and is committed to
adopting and adhering to best corporate governance
practices.

The Board considers itself as trustee of its shareholders
and acknowledges its responsibilities towards them for
creation and safeguarding their wealth. The company
has set itself the objective of expanding its capacities as
a part of growth strategy. It is committed to high levels of
ethics and integrity in all its business dealings that avoid
conflict of interest. In order to conduct business with these
principles the company has created a corporate structure
based on business needs and maintains high degree of
transparency through regular disclosures with focus on
adequate control systems.

However the provisions of Regulation 15 of SEBI (Listing
obligations and Disclosure Requirements) Regulations, 2015
providing a separate report on corporate governance under
Regulation 34(3) read with para C of Schedule V forms part
of this report.

27. DISCLOSURE REQUIREMENTS

As per the Provisions of the SEBI (LODR) Regulations,
2015 entered into with the stock exchanges, corporate
governance report with auditor's certificate thereon and
management discussion and analysis are attached, which
form part of this report. As per Regulation 43A of the SEBI
Listing Regulations, the Dividend Distribution Policy forms
part of Board Report and is uploaded on the Company's
website: https://www.Infobeans.com

Details of the familiarization programme of the independent
directors are available on the website of the Company.
The link for the same is: https://infobeans.ai/wp-content/
uploads/2023/12/InfoBeans-Familiarization-Programme-
Details.pdf

The Company has formulated and published a Whistle
Blower Policy to provide Vigil Mechanism for employees
including Directors of the Company to report genuine
concerns. The provisions of this policy are in line with the
provisions of the Section 177(9) of the Act; the whistle
blowing Policy is available on the company's website
at: https://infobeans.ai/wp-content/uploads/2024/04/

Updated-Whistle-Blower-Policy.pdf

28. CONSERVATION OF ENERGY, RESEARCH
AND DEVELOPMENT, TECHNOLOGY
ABSORPTION, FOREIGN EXCHANGE
EARNINGS AND OUTGO

The information on conservation of energy, research and
development, technology absorption and foreign exchange
earnings and outgo as stipulated under Section 134 of the
Companies Act, 2013 read with the Companies (Accounts)
Rules, 2014 is set out herewith as Annexure G to this Report.

29. CORPORATE SOCIAL RESPONSIBILITY

The Company's Corporate Social Responsibility (CSR)
initiatives during the financial year were focused on the key
thrust areas of Education and Environmental Sustainability.
The CSR programmes were aimed at creating a meaningful
impact through infrastructure support, development-
oriented activities, and community engagement
initiatives, primarily benefiting educational institutions
and communities. The Company also encouraged active
participation and contribution from its employees in various
CSR activities.

In compliance with the provisions of Section 135 of the
Companies Act, 2013 read with the Companies (Corporate
Social Responsibility Policy) Rules, 2014, as amended
from time to time, the Annual Report on CSR activities
undertaken during the financial year ended March 31,
2025, is provided in Annexure F forming part of this
Report. The CSR Policy of the Company is available on its
website and can be accessed at the following link: https://
infobeans.ai/wp-content/uploads/2015/12/Corporate-
Soical-Responsibilitv-Policv.pdf.

30. BUSINESS RESPONSIBILITY AND
SUSTAINABILITY REPORT (BRSR)

In accordance with Regulation 34(2)(f) of the Listing
Regulations, the BRSR forms part of this Integrated Annual
Report. The report describes initiatives undertaken by the
Company from an environmental, social and governance
perspective.

31. ANNUAL RETURN:

In accordance with the requirements of the Companies Act,
2013 the annual return in the prescribed format is available
at https://infobeans.ai/wp-content/uploads/2026/07/
Annual-Return MGT-7-2025-26.pdf.

32. INTERNAL FINANCIAL CONTROLS AND
THEIR ADEQUACY

Based on the framework of internal financial controls
and compliance systems established and maintained by
the Company, work performed by the internal, statutory
and secretarial auditors and external consultants and the
reviews performed by management and the relevant board
committees, including the audit committee, the board is of
the opinion that the Company's internal financial controls
were adequate and effective during the financial year
2025-2026.

33. LISTING ON STOCK EXCHANGES

The Company's shares are listed on BSE Limited and the
National Stock Exchange of India Limited.

34. INVESTOR EDUCATION AND PROTECTION
FUND (IEPF)

During the year, the Company transferred the unclaimed
and un-encashed dividends of ' 3000/- to the IEPF.

The Shareholders may note that in the event of transfer
of shares and unclaimed dividend to IEPF, the concerned
shareholders) is/are entitled to claim the same from IEPF
Authority after following the procedure prescribed under
the IEPF Rules, 2016. Members are requested to claim
the dividend(s), which have remained unclaimed/unpaid,
by sending a written request to the Company at investor.
relation@infobeans.com or to the Company's Registrar and
Transfer Agent M/s. MUFG Intime India Private Limited at
rnt.helpdesk@in.mpms.mufg.com/iepf.shares@in.mpms.
mufg.com or you can raise your request to RTA service
portal - https://web.in.mpms.mufg.com/helpdesk/Service
Request.html.

35. DIRECTOR'S RESPONSIBILITY STATEMENT

Pursuant to Section 134(5) of the Companies Act, 2013, the
board of directors, to the best of their knowledge and ability,
confirm that:

a) In the preparation of the annual accounts for the year
ended 31 March 2026, the applicable accounting
standards read with requirements set out under
Schedule III to the Act, have been followed and there
are no material departures from the same;

b) The Directors have selected such accounting policies
and applied them consistently and made judgments

and estimates that are reasonable and prudent so as
to give a true and fair view of the state of affairs of the
Company as at 31 March 2026 and of the profit of the
Company for the year ended on that date;

c) The Directors have taken proper and sufficient
care for the maintenance of adequate accounting
records in accordance with the provisions of the Act
for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities;

d) The Directors have prepared the annual accounts on a
'going concern' basis;

e) The Directors have laid down internal financial controls
to be followed by the Company and that such internal
financial controls are adequate and are operating
effectively; and

f) The Directors have devised proper systems to ensure
compliance with the provisions of all applicable laws
and that such systems are adequate and operating
effectively.

36. PERFORMANCE OF SUBSIDIARIES,

ASSOCIATE COMPANIES AND JOINT

VENTURES

Pursuant to Section 129(3) of the Companies Act, 2013
a statement containing salient features of the financial
statements of the Company's subsidiaries in Form AOC-1 is
annexed herewith as Annexure A.

37. PARTICULARS OF CONTRACTS OR
ARRANGEMENTS MADE WITH RELATED
PARTIES

The Company did not enter into any contracts, arrangements
or transactions during fiscal 2026 that fall under the scope
of Section 188(1) of the Act. As required under the Act, the
prescribed Form AOC-2 is appended as Annexure B to the
Board's report.

38. VIGIL MECHANISM/WHISTLE BLOWER
POLICY

The Company has formulated and published a Whistle
Blower Policy to provide Vigil Mechanism for employees
including Directors of the Company to report genuine
concerns. The provisions of this policy are in line with
the provisions of the Section 177(9) of the Act; the
whistle blowing Policy is available on the company's
website at: https://www.infobeans.com/wp-content/
uploads/2024/04/Updated-Whistle-Blower-Policy.pdf.

39. RISK MANAGEMENT

In today's economic environment, Risk Management
is a very important part of business. The main aim of risk
management is to identify, monitor & take precautionary
measures in respect of the events that may pose risks
for the business. The Board of Directors of the Company
has constituted a Risk Management Committee to frame,
implement and monitor the risk management plan for the
Company. The Committee is responsible for monitoring
and reviewing the risk management plan and ensuring its

effectiveness. Composition and terms of reference of Risk
Management Committee are mentioned in the Corporate
Governance Report. A detailed note has been provided
under the Management Discussion and Analysis, which
forms part of this report.

40. CREDIT RATING

During the last fiscal year no credit rating were obtained.

41. SIGNIFICANT & MATERIAL ORDERS

There are no significant and material orders passed by
the regulators or courts or tribunals during the year
impacting the going concern status and Company's
operations in future.

42. OTHER DISCLOSURES AND AFFIRMATION

Pursuant to the provisions of Companies (Accounts) Rules,
2014, the Company affirms that for the year ended on March
31, 2026:

a. There were no proceedings, either filed by the
Company or against the Company, pending under the
Insolvency and Bankruptcy Code, 2016, before the
National Company Law Tribunal or any other company.

b. There was no instance of one-time settlement with any
bank or financial institution.

c. It has complied with the provisions of the Maternity
Benefit Act, 1961 and the rules made thereunder,
including all applicable obligations relating to maternity
benefits for eligible employees.

d. the details of difference between amount of the
valuation done at the time of one time settlement and
the valuation done while taking loan from the Banks or
Financial Institutions along with the reasons thereof-
Not Applicable.

ACKNOWLEDGEMENTS

Your Directors place on record their sincere gratitude
and appreciation for the continued support, trust, and
cooperation extended by the Company's bankers,
government authorities, customers, vendors, business
partners, and other stakeholders during the year under
review. The Directors also express their deep appreciation
for the dedication, commitment, and valuable contributions
of the Company's employees, whose sustained efforts
have been instrumental in the Company's performance
and growth.

Siddharth Sethi Avinash Sethi

Date: 13^th July, 2026 Managing Director Director & CFO

Place: Indore DIN: 01548305 DIN: 01548292