Exato Technologies Limited announced significant leadership changes through board resolutions passed on April 29, 2026, strengthening its executive team with strategic appointments aimed at enhancing global growth initiatives and market expansion capabilities.

Key Leadership Appointments

The board approved two major appointments that will shape the company's future direction:

Chief Revenue Officer Appointment

Mr. Naveen Krishna has been appointed as Chief Revenue Officer and designated as Senior Management Personnel (SMP) effective May 4, 2026. His appointment brings over three decades of global experience in building, scaling, and transforming services-led businesses across multiple markets including North America, Europe, Middle East, Asia, India, and ANZ regions.

Key aspects of Mr. Krishna's professional background include:

• Extensive experience in enterprise leadership and global growth strategy
• Expertise in P&L management and digital transformation
• Specialization in AI and GenAI-led business solutions
• Strong background in sales leadership and business transformation

His previous leadership roles span across prominent global organizations including Teleperformance, Minacs (now Concentrix), Conneqt Business Solutions, Allsec Technologies, and Befree. The appointment is expected to strengthen the company's global growth initiatives, AI-led transformation capabilities, market expansion strategy, and enterprise sales leadership.

Director Recommendation and Postal Ballot Process

The board recommended Dr. Milind Raman Godbole (DIN: 00471609) for appointment as Non-Executive, Non-Independent Director, effective June 1, 2026. This appointment requires shareholder approval through postal ballot, with detailed disclosures to be provided upon completion of the approval process.

Postal Ballot Timeline and Arrangements

The board established a comprehensive timeline for the postal ballot process:

CS Nirbhay Kumar, proprietor of M/s. Nirbhay Kumar & Associates, Practicing Company Secretaries, New Delhi, has been appointed as scrutinizer for conducting the postal ballot through remote e-voting. KFin Technologies Limited will serve as the authorized e-voting agency, facilitating the electronic voting process for shareholders.

These strategic appointments reflect Exato Technologies' commitment to strengthening its leadership team with experienced professionals who bring specialized expertise in revenue generation, global market expansion, and digital transformation initiatives.

Exato technologies has received a tax demand order from GST authorities, as disclosed in a regulatory filing on March 25, 2026. The order pertains to Input Tax Credit (ITC) discrepancies identified for the financial year 2019-20.

Order Details and Financial Impact

The Office of the Assistant Commissioner of CGST & Central Excise, division-X, Mumbai East, has confirmed a demand totaling ₹41,046 in Input Tax Credit for the period from April 2019 to March 2020. The breakdown and implications are presented below:

Alleged Violations

The GST authorities have identified specific contraventions under the Central Goods and Services Tax Act, 2017. The violations include:

• Section 16 & 17 violations: Failure to reverse excess input tax credit availed during FY 2019-20
• Section 59 violations: Incorrect self-assessment of tax liability for the same financial year

These violations relate to the company's GST compliance practices and input tax credit management during the specified period.

Company Response and Assessment

Exato Technologies has indicated that the financial impact of this order is expected to be limited. The company stated that considering the quantum involved, no material financial or operational impact is anticipated. Management is currently evaluating the order and considering appropriate action, including the possibility of filing an appeal against the demand.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information as required under Schedule III of the SEBI regulations and additional disclosures as per the SEBI Master Circular dated January 30, 2026. This ensures full transparency with stakeholders regarding the regulatory proceedings and their potential implications.