Intellect Design Arena Limited has announced significant changes in its senior management team, with two key executives set to depart on March 31, 2026. The company informed stock exchanges about these leadership transitions as part of its regulatory disclosure obligations.

Leadership Departures

The company has disclosed that Mr. John Owen will be stepping down from his position as President, Western Hemisphere, while Mr. Kannan Ramasamy will retire from his role as Chief Partner Officer. Both departures will take effect at the close of business hours on March 31, 2026.

Organizational Restructuring

According to internal communications, the leadership changes are part of the company's business planning cycle for FY27. The organization has decided to simplify management structures and remove layers where possible. As part of this restructuring, the role of Western Hemisphere President will no longer be required, leading to Mr. Owen's departure from the company.

In his internal message, Mr. Owen expressed gratitude for the support received during his tenure and confidence in the organization's future prospects. He noted that he exits with an organization positioned for success and confident in its core purpose.

Board Recognition

The Board of Directors has placed on record its sincere appreciation for the valuable contributions made by both Mr. Owen and Mr. Ramasamy during their respective tenures with the company. The leadership transitions represent a strategic organizational shift as the company prepares for the upcoming financial year.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details regarding the senior management changes to both the National Stock Exchange of India and BSE Limited. Additional information about these changes has been made available on the company's official website at www.intellectdesign.com .

Intellect Design Arena Limited has completed the allotment of 1,14,497 equity shares under its Employee Stock Option Plan (ESOP) schemes on March 16, 2026. The Stakeholders Relationship Committee of the Board of Directors approved this allotment through a circular resolution for eligible employees who exercised their stock options.

Share Allotment Details

The equity shares, each with a face value of ₹5, were distributed across three distinct ESOP schemes:

Updated Share Capital Structure

Following this allotment, the company's capital structure has been updated:

Exercise Price Structure

The exercise prices varied across the different ESOP schemes and grant dates:

ISOP 2015 Exercise Prices: ₹5.00, ₹146.25, ₹204.57, and ₹344.95 per share

ISOP 2016 Exercise Prices: ₹87.98, ₹142.45, and ₹173.91 per share

IIPS 2018 Exercise Price: ₹5 per share

Regulatory Approvals

The company had previously obtained in-principle approvals from both stock exchanges for all three ESOP schemes:

Share Characteristics

The newly issued equity shares will rank pari-passu with existing equity shares, meaning they carry identical rights and privileges. No lock-in restrictions apply to these shares, and no additional listing fees are payable for this allotment. The shares are issued in demat form under ISIN number INE306R01017.