XT Global Infotech promoters confirmed that no encumbrance was created on shares held by them during the financial year 2025-2026. The declaration was submitted to the stock exchanges pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure ensures transparency regarding the pledging of promoter holdings, which is a key indicator of financial health for investors.

Mullapudi Atchuta Ramarao, Promoter and Managing Director, made the declaration on behalf of the promoter group and persons acting in concert (PACs). The confirmation states that no direct or indirect encumbrance was created on the shares during the specified period, other than those previously disclosed. The filing was addressed to the Listing Departments of both the Bombay Stock Exchange and the National Stock Exchange of India.

The disclosure detailed the shareholding of the promoter group and PACs. The table below outlines the number of shares held and the corresponding percentage of shareholding for each member as of the filing date.

The promoter group collectively holds a significant majority stake in the company. The filing was signed by Ramarao Atchuta Mullapudi from Dallas, Texas, USA, and a copy was marked to the Audit Committee.

XTGlobal Infotech Limited reported a consolidated net profit of ₹14.62 crore for the financial year ended March 31, 2026, an increase of 47.5% from ₹9.91 crore in the previous year. The growth was driven by a 56.5% rise in consolidated total income to ₹369.25 crore, compared to ₹235.96 crore in FY25. The board of directors approved the audited standalone and consolidated financial results at a meeting held on May 26, 2026. The statutory auditors issued an unmodified opinion on the financial results.

Financial Performance

For the year ended March 31, 2026, the company reported a standalone total income of ₹76.55 crore, up from ₹74.38 crore in the prior year. Standalone net profit for the year stood at ₹6.81 crore, compared to ₹4.89 crore in the previous year. The company operates in a single reportable segment, IT/ITES.

Operational and Governance Updates

The board reviewed the operational and financial performance of subsidiary companies, including XTGlobal Inc and Network Objects Inc. Effective December 31, 2024, the company increased its stake in Network Objects Inc to 51.33%, making it a subsidiary. Consequently, the consolidated financial results for FY26 include the full consolidation of this entity, making them not fully comparable with the prior year.

The board approved related party transactions for FY 2026-27 and took note of the Secretarial Compliance Report issued by M/s. VCSR & Associates. Directors submitted general disclosures of interest in Form MBP-1 for FY 2026-27, and the board recorded annual declarations confirming compliance with the company's Code of Conduct.

Expansion and Strategic Wins

The company successfully completed SEZ exit and mutation formalities for the Madhurawada Unit, enabling it to evaluate commercial leasing opportunities expected to generate additional rental income. It implemented multiple Zoho platforms to enhance sales visibility and process automation. XTGlobal secured strategic contracts from U.S. transportation agencies for an Internal eForms Modernization Program and AI Enablement for Engineering Services, with a combined value of approximately USD 2.39 million (around ₹22 crore). The FAST Practice recorded significant growth in Accounting & Outsourcing operations, reaching a monthly billing run-rate of USD 200,000.

The board reviewed progress relating to the establishment of subsidiaries in Australia and the United Kingdom (Ireland). It approved related operational, compliance, and regulatory authorisations required for the incorporation and operationalization of these entities.