Intellect Design Arena Limited has initiated the regulatory process to seek Central Government approval for a key managerial appointment, publishing the required newspaper advertisement on March 25, 2026.

Central Government Approval Process

The company has published a notice pursuant to Section 201 and other applicable provisions of the Companies Act, 2013, requesting approval from the Central Government (Ministry of Corporate Affairs) for the appointment of a new Whole Time Director. The regulatory filing was submitted to both the National Stock Exchange of India Ltd. and BSE Ltd. under reference number IDAL/2025-26/SE/121.

Director Appointment Details

The proposed appointment involves the following key parameters:

Regulatory Compliance

The appointment requires approval under Section 196, 197, 203 and other applicable provisions of the Companies Act, 2013, along with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The process also involves compliance with Schedule V of the Companies Act, 2013 and related rules.

The newspaper advertisement was published in two publications on March 25, 2026:

• "Dinamani" - Tamil language publication
• "Business Line" - English language publication

Corporate Information

The filing was signed by Prakash Bharadwaj, Company Secretary and Compliance Officer (ACS-37214), who digitally signed the document on March 25, 2026, at 14:48:48 +05'30'. The company maintains its registered office at No.244, Anna Salai, Chennai - 600 006, Tamil Nadu, and its corporate office at Plot No.3/G-3, SIPCOT IT Park, Siruseri, Chennai - 600 130.

Intellect Design Arena Limited has been recognized as the 'Best Banking Technology Vendor of the Year 2026' at the 6th Africa Fintech Forum held in Johannesburg, South Africa. This prestigious recognition reinforces the company's pivotal role in modernizing Africa's financial infrastructure and emphasizes its alignment with South Africa's vision for innovation and growth in banking transformation.

Award Recognition and Selection Process

The prestigious accolade was awarded to Intellect Design Arena by a jury panel of Senior Banking Executives and Industry Leaders. The company was selected for its commitment to enabling intelligent, real-time financial services and its role in strengthening the African financial ecosystem by providing resilient, future-ready infrastructure.

eMACH.ai Platform Capabilities

The award celebrates the groundbreaking work of Intellect's eMACH.ai, described as the world's largest Open Finance Platform. This comprehensive platform accelerates digital transformation by providing extensive technological resources to help financial institutions modernize swiftly.

The platform empowers banks to break free from monolithic legacy systems and move toward a flexible, composable future, offering real-time financial services that are smarter and more adaptable.

Technology Solutions and Market Impact

Intellect's commitment to innovation aligns with South Africa's focus on tech-driven growth and inclusion. The company's solutions are driving transformation in South Africa and the broader African region through several key capabilities:

• Zero-Waste Architecture: eMACH.ai allows banks to curate their own transformation journeys with unprecedented flexibility
• Composable Approach: Flexible architecture enables personalized, customer-first experiences
• AI-Driven Digital Transformation: Purple Fabric integration enhances decision-making and operational efficiency
• Resilient Infrastructure: Robust, scalable technology meets demands of rapidly evolving digital banking

Industry Recognition and Global Presence

Ms. Heera Zakir Hussain, Managing Director of BII Global, commented on the recognition: "We are pleased to recognise Intellect Design with the Best Banking Technology Vendor of the Year 2026 award. Their commitment to driving innovation and enabling digital transformation across financial institutions truly stands out."

Eshmael Mpabanga, Senior Vice President & Regional Head - Southern Africa at Intellect Design Arena, stated: "This recognition at the Africa Fintech Forum underscores our dedication to the African market and our mission to empower banks with the technology needed for the next era of finance."

Company Profile and Technology Portfolio

Intellect Design Arena Limited operates as a global leader in enterprise-grade financial technology, delivering composable and intelligent solutions to forward-looking financial institutions. The company's product suite spans Consumer Banking, Wholesale Banking, Central Banking, Wealth, Capital Markets, Treasury, Insurance and Digital Technology for Commerce.

The company's technology ecosystem includes eMACH.ai as the world's most comprehensive open finance platform, Purple Fabric as the first Open Business Impact AI platform, and iTurmeric for seamless integration and configuration. Intellect Design Arena maintains its 8012 FinTech Design Center, dedicated to Design Thinking Principles for continuous innovation in digital transformation.