Tracxn technologies has informed stock exchanges about the resignation of Independent Director Mr. Nishant Verman, effective March 31, 2026. The resignation was submitted on March 16, 2026, through email at 11:33 AM (IST), citing personal reasons for the departure.

Resignation Details

The key details of Mr. Nishant Verman's resignation are outlined below:

Committee Memberships

With his resignation as Independent Director, Mr. Verman will also cease to be a member of two key board committees:

• Nomination and Remuneration Committee
• Corporate Social Responsibility Committee

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.

Director's Confirmation

In his resignation letter dated March 16, 2026, Mr. Verman stated his intention to "pursue interests that may not allow me to do justice to my role." He confirmed that there are no other material reasons for his resignation beyond those mentioned in his letter. The director also holds no directorships in other listed entities.

Board's Response

The Board of Directors has placed on record its appreciation for the valuable contribution and guidance provided by Mr. Nishant Verman during his association with the company as an Independent Director. Company Secretary and Compliance Officer Megha Tibrewal (Membership No: A39158) signed the regulatory filing on behalf of the company.

The intimation has been uploaded on the company's website at www.tracxn.com and communicated to both BSE Limited (Company Code: 543638) and National Stock Exchange of India Ltd. (Company Code: TRACXN).

Tracxn technologies has completed the allotment of 35,847 equity shares under its Employee Stock Option Plan 2016 (ESOP 2016) to eligible grantees at an exercise price of Re. 1/- per equity share. The allotment was approved by the company's Nomination and Remuneration Committee through a circular resolution dated March 10, 2026, pursuant to the exercise of stock options granted under the plan.

Share Capital Impact

The allotment has resulted in an increase in the company's paid-up share capital. The following table shows the impact on the share capital structure:

ESOP Exercise Details

The exercise of stock options generated Rs. 35,847/- for the company, with each option exercised at the predetermined price of Re. 1/- per share. All 35,847 options that were exercised resulted in the allotment of an equal number of equity shares with a face value of Re. 1/- each. The newly allotted equity shares rank pari passu with the existing equity shares of the company.

Key Terms and Conditions

Under the ESOP 2016 plan, options may be exercised within a period of five years from the date of vesting of the respective options. The equity shares arising from the exercise of options are not subject to any lock-in restrictions, except such restrictions as may be imposed pursuant to requirements under applicable laws. The scheme operates in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Financial Impact

The diluted earnings per share for the quarter ended December 31, 2025 stands at Rs. (0.08) per share. The company has fulfilled all regulatory requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has uploaded the intimation on its website at www.tracxn.com . The event occurred on March 10, 2026, at 4:00 PM.