Intellect Design Arena Limited has allotted 2,17,398 equity shares of ₹5 each under its Employee Stock Option Plans (ESOP) on April 21, 2026. The Stakeholders Relationship Committee of the Board of Directors approved the allotment through a circular resolution to eligible employees who exercised their options under the company's ESOP schemes.

Breakdown of Share Allotment

The shares were distributed across three different ESOP schemes:

Updated Capital Structure

Following this allotment, the company's issued and subscribed share capital stands increased to ₹69,94,72,595 divided into 13,98,94,519 equity shares of face value ₹5 each. The newly issued equity shares rank pari-passu with the existing equity shares, ensuring identical rights and privileges.

Regulatory Approvals

The company had previously received in-principle approvals from both stock exchanges for the ESOP schemes:

The distinctive numbers of the newly allotted shares range from 13,97,77,122 to 13,99,94,519. The shares carry the ISIN number INE306R01017. The filing was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Intellect Design Arena has successfully deployed its eMACH.ai Retail 6DX platform at OnCost, Kuwait's leading FMCG retailer and the nation's first wholesaler to open its doors to individual consumers. The implementation transforms OnCost's retail operations across its strategic branches, delivering enhanced omnichannel capabilities, improved inventory control, and faster checkout processes.

Strategic Digital Transformation

OnCost's adoption of the AI-First in-store retail platform represents a strategic pivot from restrictive legacy infrastructure to a cloud-native, microservices-led architecture. This transformation enables the retailer to build a foundation that can respond, learn, and evolve with every customer interaction in Kuwait's rapidly digitizing retail market.

Key Platform Capabilities

The eMACH.ai Retail 6DX implementation delivers comprehensive retail transformation capabilities across multiple operational areas:

Advanced Technical Features

Built on First Principle Thinking principles, the platform transforms disjointed store operations into a synchronised retail engine. The comprehensive implementation includes:

Leadership Perspectives

Rajan Thomas, Group CTO at OnCost, emphasized the platform's alignment with company objectives: "Our mission has always been to provide the best value and experience to our members. With eMACH.ai Retail 6DX, we have a platform that mirrors our ambition - deeply local, infinitely scalable, and intelligently connected."

Debanjan Kumar, CEO, iDTC, highlighted the transformation's significance: "OnCost's journey is a definitive example of first-principle reinvention. They chose to reimagine their foundation rather than patch old systems. This implementation is not just a technology deployment; it is a business transformation designed for resilience and relevance in the competitive Middle Eastern retail landscape."

About the Companies

OnCost operates as Kuwait's first "Wholesale to Retail" supermarket, combining bulk-buy savings with traditional supermarket convenience. The company serves both individual households and businesses across its growing network of stores in Kuwait.

Intellect Design Arena Ltd delivers composable and intelligent financial technology solutions to institutions across 61 countries, with three decades of domain expertise spanning multiple financial services sectors.