XTGlobal Infotech has secured its first Finance & Accounting Outsourcing engagement in Ireland worth €11600, marking its entry into the Irish market. The publicly listed IT/ITES company announced the signing of the deal on June 21, 2026, as part of its strategy to expand its IT Consulting and Finance & Accounting services footprint across Europe. This engagement is expected to contribute recurring revenues through ongoing service delivery and strengthens the company's presence in the European market.

The engagement involves establishing and operating a dedicated offshore finance support function from XTGlobal's delivery centers in India. The scope of services includes management accounts support, accounts payable supervision, employee onboarding, HR administration, and ongoing finance function support. This win demonstrates XTGlobal's growing capabilities in delivering high-quality Finance & Accounting outsourcing services to international clients and validates its global delivery model.

Ramarao Atchuta Mullapudi, Managing Director of XTGlobal, highlighted the strategic importance of this development. “This engagement marks an important milestone for XTGlobal as our first customer engagement in Ireland and strengthens our growing international portfolio,” he said. Mullapudi added that the company views this as a crucial step in expanding its presence across Europe and building long-term relationships with clients seeking scalable and efficient business process services.

Key Details of the Engagement

The company focuses on delivering measurable business outcomes through structured execution, engineering excellence, and scalable global delivery models. With over two decades of experience, XTGlobal serves clients across sectors such as Transportation, Public Sector, Healthcare, Finance, Retail, and Manufacturing.

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.