Intellect Design Arena Ltd announced a strategic partnership with Khalsa Credit Union (KCU), British Columbia, Canada, to transform its digital banking ecosystem. The announcement was made on April 21, 2026, under Regulation 30. KCU has selected Intellect's eMACH.ai Digital Engagement Platform (DEP) to deliver a seamless, intuitive, and member-centric digital banking experience.

Partnership Overview

By adopting Intellect's eMACH.ai Digital Engagement Platform (DEP), KCU aims to modernize its digital capabilities, enabling a unified experience across mobile and online channels. The partnership will bring a world-class digital experience based on Intellect's best practices with cooperatives and banks globally. This transformation is expected to improve adoption of banking services and enhance retention amongst members due to the improved banking experience.

Key Benefits for KCU

The selection of Intellect's eMACH.ai DEP will provide Khalsa Credit Union with several strategic advantages:

Leadership Statements

Hardeep Singh Bains, CEO of Khalsa Credit Union, stated that partnering with Intellect aligns with their commitment to delivering innovative, member-focused solutions. He emphasized that this initiative will enhance KCU's digital capabilities and enable better service to members with convenient, secure, and efficient banking experiences.

Rajesh Saxena, CEO of Intellect Consumer Banking, highlighted that KCU is at the forefront of British Columbia's vibrant credit union ecosystem with a growing membership base and strong community presence. He noted that the partnership will deliver multifaceted benefits including empowering KCU to offer a superior digital experience across all touchpoints, future-proof their operations, and enable continuous innovation at speed.

About Khalsa Credit Union

Khalsa Credit Union is a values-driven, member-owned financial institution committed to serving its community with integrity, trust, and purpose. Guided by core values of Oneness, Resilience, Generosity, and Helpfulness, KCU has been supporting the financial well-being of its members across British Columbia for over 40 years. With branches in Surrey, Abbotsford, Victoria, and Vancouver, KCU provides a full range of financial services supported by personalized advice and a relationship-based approach. KCU has grown to over $920 million in assets, reflecting the trust and continued support of its members.

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.