Tikam Sujan has resigned from his position as Non-Executive Non-Independent Director of intense technologies effective from the close of business hours on June 3, 2026. The resignation was tendered due to personal and unavoidable reasons, as Sujan stated he is unable to devote the time and attention necessary to fulfill his duties and responsibilities to the Board.

The company disclosed the resignation in a filing submitted to the stock exchanges under Regulation 30 of the Listing Regulations. The disclosure was read with SEBI Circular No. CIR/CFO/CMD/4/2015 dated September 9, 2015, regarding the appointment and cessation of directors.

Sujan is not related to any of the other directors of the company. The letter of resignation was enclosed with the regulatory filing. The director requested that the company file the necessary statutory forms with the Registrar of Companies and submit the required intimations to the stock exchanges and other regulatory authorities.

The details regarding the cessation of directorship are summarized below:

The company has acknowledged the request to provide a copy of the acknowledged filings to the former director for his records.

Intense Technologies Limited reported a consolidated net loss of ₹1,565.46 crore for the financial year ended March 31, 2026, compared to a profit of ₹1,632.32 crore in the previous year. The loss was driven by exceptional items, including a provision for doubtful debts of ₹1,840.07 crore and a provision for impairment of intangible assets of ₹1,324.56 crore. Revenue from operations for the year stood at ₹12,543.41 crore, down from ₹14,979.64 crore in FY25, while total income decreased to ₹12,990.93 crore from ₹15,370.31 crore.

The company expanded its customer portfolio with 11 new client wins across the banking, financial services, and insurance (BFSI) sectors and two customers in the government vertical. Management attributed the exceptional provisions to adverse macroeconomic factors and liquidity constraints impacting the IT and BFSI ecosystem, necessitating a recalibration of the go-to-market strategy for certain platform offerings.

Financial Performance

M/s MSPR & Co., Chartered Accountants, issued an unmodified audit report on the financial results. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.

Board Appointments and Strategic Developments

The board appointed Mr. Amit Kumar Garg and Mr. Premananda Panda as Additional Directors (Non-Executive & Non-Independent) effective May 29, 2026, subject to shareholder approval. Ms. Ayushi Bhutada was appointed as an Additional Director (Non-Executive & Independent) and Chairperson of the Board for a term of five years from May 29, 2026, to May 28, 2031. Mr. Krishna Shastri Chidella was re-designated from Chairperson and Managing Director to Managing Director effective the closing hours of May 29, 2026.

The company strengthened its intellectual property portfolio with copyrights for UniServe™ Reach and Testbook.ai. It achieved SOC 2 Compliance and CERT-In certification for its UniServe™ NXT platform. The trading window for dealing in equity shares by designated persons, closed since April 1, 2026, will remain in effect until 48 hours after the declaration of the audited financial results.