Xchanging Solutions Limited, a DXC Technology Company, has secured a partial victory in its transfer pricing litigation case, with the Income Tax Appellate Tribunal (ITAT) Bangalore delivering a favorable ruling on April 06, 2026.

ITAT Order Details

The tribunal partly allowed the company's appeal for Assessment Year 2011-12, providing significant relief in the ongoing transfer pricing dispute. The order addresses the company's challenge against the Final Assessment Order that had imposed transfer pricing adjustments.

Key Tribunal Directions

The Hon'ble Tribunal has provided specific directions to the Assessing Officer regarding the recomputation of transfer pricing adjustments. The tribunal ordered the exclusion of certain comparable companies that were previously considered for determining the arm's length price, which formed the basis for the original assessment.

This directive requires the Assessing Officer to:

• Exclude specific comparable companies from the transfer pricing analysis
• Recompute the transfer pricing adjustment based on the revised comparable set
• Reassess the arm's length price determination methodology

Financial and Operational Impact

The company has explicitly stated that the ITAT order will have no material impact on its financial position or operational activities. This disclosure provides clarity to investors and stakeholders regarding the limited effect of the tribunal's decision on the company's business operations.

Regulatory Compliance

Xchanging Solutions has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under the regulatory framework, ensuring transparency with stakeholders regarding the litigation development.

This development represents a continuation of the transfer pricing case that was initially disclosed in the company's letter dated December 31, 2024, demonstrating the company's commitment to keeping investors informed about material legal proceedings and their outcomes.

Xchanging Solutions Limited has published a newspaper advertisement regarding the dispatch of its postal ballot notice under Regulation 47 of SEBI Listing Regulations. The company issued communication XSL/SE/2026-27/02 dated April 03, 2026, to both BSE Limited and National Stock Exchange of India Limited, confirming the completion of postal ballot notice dispatch through electronic means.

Postal Ballot Process Details

The postal ballot seeks shareholder approval for the appointment of Mrs. Padmaja Priyadarshini as Non-Executive and Independent Director of the company. The comprehensive voting process has been structured to ensure maximum shareholder participation through electronic means.

Regulatory Compliance and Publication

Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the advertisement in Financial Express (English) and Sanjevani (Kannada) newspapers on April 03, 2026. The advertisement informed shareholders about the completion of postal ballot notice dispatch through electronic means.

Special Window for Share Transfer

The company has also announced an extension of the special window for re-lodgement of transfer requests of physical shares. This facility has been extended for one year from February 05, 2026 to February 04, 2027, providing eligible shareholders additional time to complete their transfer documentation.

Director Profile and Qualifications

Mrs. Padmaja Priyadarshini, aged 50 years, brings extensive academic credentials and professional experience to the board. She holds multiple post-graduate degrees including M.Sc. from University of Madras, MBA from IGNOU, M.Phil. from Alagappa University, and Ph.D. from Pondicherry University in Women Entrepreneurship.

Her professional background spans 27 years across various sectors including 10 years in banking, 3 years in B-school teaching, and 14 years as Managing Director of HomePlanGuru Civil Consultants Pvt Ltd. She has also served as statistical consultant for South African universities and co-authored "International Economics" with Prof Paul Krugman.

Voting Process and Information Access

The company has engaged KFin Technologies Limited as Registrar and Share Transfer Agent for enabling e-voting facilities. Mr. Ankush Agarwal, Partner of MAKS & Co., Company Secretaries, has been appointed as Scrutinizer for the postal ballot process.

Shareholders can access the postal ballot notice and related information through multiple channels including the company's website at https://www.dxc.com/in/en/about-us/xchanging-solutions-limited-investor-relations , and the e-voting platform at https://evoting.kfintech.com . The results will be declared on or before Tuesday, May 5, 2026.