Intellect Design Arena shareholders have successfully approved two critical director appointments through a postal ballot process that concluded on March 12, 2026. The voting results, announced on March 13, 2026, demonstrate strong shareholder support for the company's leadership decisions with a total of 1,16,832 shareholders eligible to participate based on the record date of January 30, 2026.

Voting Results Overview

The postal ballot covered two special resolutions, both receiving requisite majority approval from shareholders. The e-voting process was facilitated by National Securities Depository Limited (NSDL) and conducted between February 11, 2026 (9:00 AM IST) and March 12, 2026 (5:00 PM IST).

Resolution 1: Independent Director Appointment

The first special resolution for appointing D. Shivakumar (DIN: 00364444) as Independent Director received overwhelming shareholder support. The appointment is effective for a five-year term from January 30, 2026 to January 29, 2031.

The resolution achieved 99.96% approval with 7,92,98,129 votes in favor against only 34,976 votes against, representing 56.94% of total outstanding shares participating in the voting process.

Resolution 2: Whole-time Director Re-appointment

The second special resolution for re-appointing Anil Kumar Verma (DIN: 01957168) as Whole-time Director faced mixed response from different shareholder categories but still secured the required majority.

This resolution received 82.24% approval with 6,52,47,998 votes in favor and 1,40,88,107 votes against. Notably, institutional investors showed divided opinion with only 47.52% supporting the re-appointment, while promoter group and public non-institutional shareholders demonstrated strong support.

Remuneration Structure for Whole-time Director

Anil Kumar Verma's re-appointment includes a comprehensive remuneration package for the five-year term effective February 1, 2026:

• Basic Pay: Gross AUD 1,80,000 annually
• Variable Pay: Nil
• Retiral Benefits: As per applicable superannuation norms under local laws
• Perquisites: Travel arrangements and approved expenses
• Stock Options: 20,000 unvested options from existing schemes to continue vesting per original terms

Scrutinizer Report and Process Compliance

B Ravi & Associates, represented by CS Dr. B. Ravi (FCS No.: 1810), served as the appointed scrutinizer ensuring transparent and fair voting process. The scrutinizer confirmed that both resolutions were passed with requisite majority as per the Companies Act, 2013 and SEBI regulations.

The postal ballot notice was distributed electronically on February 9, 2026, with public advertisements published in Business Line (English) and Dinamani (Tamil) on February 10, 2026. The voting process covered 56.95% of total outstanding shares of 13,93,15,462, demonstrating significant shareholder participation in the corporate governance process.

Source: None/Company/INE306R01017/41908222-4708-4bab-8068-4bdd86146bde.pdf

Intellect Design Arena Limited has secured a major deal with Parama Credit Union to implement its eMACH.ai Digital Engagement Platform, marking another significant win in the Canadian credit union sector. The partnership will modernize the digital banking experience for Parama's 6,500+ members through advanced digital engagement capabilities and personalized banking solutions, aiming for better agility, scalability, and user-friendly banking experiences.

Client Profile and Partnership Details

Parama Credit Union, established in 1952, represents one of Ontario's most resilient and forward-looking financial institutions. The credit union has demonstrated substantial growth over its seven-decade history, currently managing CAD 600 million in assets while maintaining its community-driven mandate.

Platform Capabilities and Benefits

The eMACH.ai Digital Engagement Platform will deliver comprehensive digital transformation capabilities designed specifically for credit union operations. The implementation focuses on enhancing member experience while improving operational efficiency through advanced technology infrastructure.

Leadership Perspectives

Tarmo Lõbu, CEO of Parama Credit Union, emphasized the strategic importance of the partnership: "Parama's strength has always come from staying true to our roots while constantly evolving to meet the needs of our members. Our partnership with Intellect is a natural extension of that philosophy. Intellect's eMACH.ai DEP platform provides us with the agility, scalability, and intelligent infrastructure to accelerate our growth and deliver an experience worthy of our increasingly diverse and expanding membership."

Rajesh Saxena, CEO of Intellect Global Consumer Banking, highlighted the company's growing presence in the Canadian market: "This partnership reinforces our position as a consistent choice for Canadian credit unions seeking to modernize their digital infrastructure. Our expertise in credit union-focused solutions is embedded in the eMACH.ai platform, which is designed to balance community-driven mandates with the need for innovation, agile, cloud-native infrastructure to enable growth."

Strategic Market Position

The deal strengthens Intellect Design Arena's position in the Canadian credit union sector, supported by a growing talent pool based in Canada dedicated to credit union operations. This local presence ensures partners receive deep domain expertise required to deliver intuitive, personalized experiences to their members while maintaining the community-focused approach that defines credit union operations.