Fractal analytics has announced key changes in its senior management structure, with the appointment of a new Chief Technology Officer and the departure of its Chief Practice Officer through mutual agreement, both effective March 27, 2026.

New CTO Joins Senior Management

The company's Board of Directors, acting on recommendations from the Nomination and Remuneration Committee, has identified Mr. Shashidhar Ramakrishnaiah as Chief Technology Officer and included him in the senior management team. The appointment was formalized through a board resolution passed via circulation on March 27, 2026.

Mr. Ramakrishnaiah brings extensive experience in driving large-scale enterprise transformation across Digital, Data, Cloud, and AI domains. He has partnered with global enterprises to navigate disruption and unlock value through AI-led transformation, focusing on reimagining foundational systems to enable innovation and industrialization at scale.

Professional Background and Expertise

At Fractal, Mr. Ramakrishnaiah has played a pivotal role in shaping the company's Cloud, Data, and Technology strategy. His contributions include building leadership teams, establishing strategic partnerships with hyperscalers, and leading the development of go-to-market offerings and composable enterprise solutions across Cloud, Data, Digital, AI, and Generative AI.

His work has enabled organizations to build intelligent, scalable platform foundations that accelerate value realization. Additionally, he holds patents in Data Foundation and Migration solutions and earned a Bachelor's degree in Electrical Engineering from BMS College of Engineering, Bangalore.

Chief Practice Officer Steps Down

Simultaneously, Mrs. Mrunali Nikunj Majmudar, who served as Chief Practice Officer – CPGR, has ceased to be part of the senior management team effective from the close of business hours on March 27, 2026. Her departure was arranged through mutual agreement between both parties.

The company has acknowledged Mrs. Majmudar's contributions, placing on record its sincere appreciation for the valuable services she provided during her association with Fractal. In her departure communication, she expressed gratitude to the management and team for the support and opportunities provided during her tenure.

Regulatory Compliance and Documentation

These senior management changes have been disclosed in accordance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has provided comprehensive details as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and has made the disclosure available on its investor relations website at fractal.ai/investor-relations.

Fractal Analytics Limited has received a Draft Assessment Order from the Income Tax Department for Assessment Year 2023-24, proposing significant additions totaling INR 156.56 crore. The company disclosed this development under Regulation 30 of SEBI Listing Regulations on March 26, 2026.

Draft Assessment Order Details

The Income Tax Department issued the Draft Assessment Order dated March 24, 2026, under section 144C(1) of the Income Tax Act, 1961. The order covers the Financial Year 2022-23 (Assessment Year 2023-24) and was received by the company after business hours on March 24, 2026.

Nature of Proposed Adjustments

The Draft Assessment Order proposes additions on account of certain transfer pricing and corporate tax adjustments. The company has clarified that since this is a draft order, there is no immediate tax demand payable. Any demand will only be crystallized after the receipt of the final assessment order.

Regulatory Implications and Penalties

According to the Draft Order, penalty proceedings under section 270A of the Income Tax Act will be initiated separately for under-reporting of income. However, no specific penalty amount has been quantified at this stage.

Company's Response Strategy

Fractal Analytics has outlined its action plan in response to the Draft Assessment Order:

• The company will file objections before the Dispute Resolution Panel
• Management is currently evaluating the contents of the draft order
• The disclosure has been made available on the company's investor relations website

Financial Impact Assessment

The company has stated that there are no immediate financial implications since this is a draft order. The actual financial impact will depend on the final assessment order and the outcome of the dispute resolution process. The company received the order after business hours, which caused a delay in the regulatory disclosure to stock exchanges.

Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations and includes detailed annexures as required under the Master circular dated January 30, 2026. Company Secretary and Compliance Officer Somya Agarwal signed the disclosure on behalf of the company.