Info Edge (India) Limited has announced a strategic investment of Rs. 10 crores in its wholly-owned subsidiary, Smartweb Internet Services Limited. The investment decision was approved during the Committee of Executive Directors meeting held on Friday, April 17, 2026.

Investment Structure and Details

The investment will be executed through the acquisition of Compulsorily Convertible Debentures (CCDs). Info Edge will acquire 10,00,000 CCDs with a face value of Rs. 100 each, maintaining Smartweb's status as a wholly-owned subsidiary post-investment.

About Smartweb Internet Services Limited

SmartWeb Internet Services Limited, incorporated on September 23, 2015, operates in the internet services sector and functions as an investment advisor, financial consultant, management consultant, and investment manager. The company is also authorized to act as a sponsor of alternative investment funds.

Financial Performance Overview

Smartweb has demonstrated consistent operational performance across recent years. As of March 31, 2025, the company reported strong financial metrics with a net worth of Rs. 60.91 crores.

Three-Year Revenue Trend

The company's revenue performance over the last three financial years shows fluctuation with recent recovery:

Transaction Details and Compliance

The investment constitutes a related party transaction as Smartweb is already a wholly-owned subsidiary of Info Edge. The company holds 100% stake in Smartweb both directly and through Startup Investments (Holding) Limited, another wholly-owned subsidiary. The transaction is being conducted on an arm's length basis, with no additional interest from promoters or promoter group companies.

Strategic Rationale

The investment aims to strengthen Smartweb's financial position and meet its funding requirements for future operations. No governmental or regulatory approvals are required for this transaction. The investment aligns with Info Edge's strategy to support its subsidiary operations in the internet services and investment advisory sectors.

The meeting commenced at 11:30 am and concluded at 11:45 am on April 17, 2026. This disclosure has been made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Info Edge (India) Limited has announced a strategic internal reorganisation of its Education and Real Estate business verticals, effective May 1, 2026. The restructuring was approved by the Board of Directors on April 14, 2026, following recommendations from the Nomination and Remuneration Committee.

Senior Management Role Changes

The reorganisation involves significant changes to the roles of two Senior Management Personnel (SMP) within the company:

Executive Profiles and New Responsibilities

Mr. Ambrish K Singh

Mr. Singh brings extensive experience as a seasoned business leader with expertise in driving strategic growth, market expansion, and partner success. An MBA from Amity Business School, he has been associated with the company since 2003 and has served in leadership positions across various businesses within Info Edge.

In his new role, Mr. Singh will lead Sales and Sales Enablement for 99acres, focusing on:

• Expanding business performance
• Strengthening client relationships
• Developing high-performing teams to power the next stage of growth

Mr. Bhisham Dhingra

Mr. Dhingra brings over 23 years of leadership experience across sales, product and customer delivery functions, having worked with prominent global and Indian organizations. An alumnus of SCMHRD, Pune, he has held senior leadership roles across diverse industries with organizations such as Kohler Co., Nokia and Heinz. He joined the company in 2020 to lead the sales and delivery function of 99acres business.

In his new role, Mr. Bhisham Dhingra will be responsible for:

• Leading the overall sales and growth strategy for Shiksha Domestic vertical
• Focusing on corporate sales, client delivery, and domestic counselling
• Scaling business performance and deepening client engagement
• Building high-impact teams to drive the next phase of growth

Strategic Rationale

The company emphasized that these role changes are part of ongoing efforts to leverage proven expertise across diverse contexts and drive stronger business outcomes. Info Edge expressed confidence that these changes will further strengthen its long-term growth and enhance overall operational effectiveness.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Company Secretary & Compliance Officer Jaya Bhatia and has been uploaded on the company's website at www.infoedge.in .