Intellect Design Arena Limited has announced its unaudited financial results for the quarter ended December 31, 2025, along with key board appointments that will shape the company's leadership structure going forward.

Financial Performance Overview

The company reported mixed financial performance for the third quarter of FY26. On a consolidated basis, revenue from operations stood at ₹7,313.84 million for the quarter ended December 31, 2025, representing growth from ₹6,096.26 million in the corresponding quarter of the previous year.

For the nine months ended December 31, 2025, consolidated revenue from operations reached ₹21,911.62 million compared to ₹17,740.98 million in the corresponding period of the previous year.

Key Board Appointments

The Board of Directors approved significant management changes during their meeting held on January 30, 2026. The company announced the re-appointment of Mr. Anil Kumar Verma as Whole-time Director for a five-year term effective February 1, 2026, based on recommendations from the Nomination, Remuneration and Compensation Committee.

Additionally, the board appointed Mr. D. Shivakumar as Additional Director designated as Independent Director for a five-year term. Both appointments require shareholder approval through postal ballot by Special Resolution.

Leadership Profiles

Mr. Anil Kumar Verma brings over four decades of global professional experience to his role. A Bachelor of Electrical Engineering from IIT Delhi and Post-Graduate in Instructional Design from the University of Wollongong, Australia, he has been instrumental in strengthening the company's international presence, particularly in Australia. He is the brother-in-law of Mr. Arun Jain, Chairman and Managing Director of the company.

Mr. D. Shivakumar, commonly known as "Shiv", is currently associated with Advent International as Operating Partner. His extensive leadership experience includes roles as Group Executive President of Corporate Strategy at Aditya Birla Group, CEO at PepsiCo Holdings Private Limited in India, and CEO for emerging markets at Nokia. He holds degrees from IIT Madras, IIM Calcutta, and Wharton School of Business.

Exceptional Items and Regulatory Impact

The company reported exceptional items of ₹308.42 million on a consolidated basis for the quarter, related to the statutory impact of new Labour Codes. On November 21, 2025, the Government of India notified four Labour Codes consolidating 29 existing labour laws. The company assessed the incremental impact of these regulatory changes, resulting in additional gratuity provisions presented as exceptional items.

Corporate Governance

The financial results were recommended by the Audit Committee on January 29, 2026, and approved by the Board of Directors on January 30, 2026. The board meeting commenced at 11:00 AM IST and concluded at 3:20 PM IST. The results have been subject to limited review by statutory auditors MSKC & Associates LLP.

During the quarter and nine months ended December 31, 2025, the company allotted 149,812 and 463,693 equity shares respectively to employees under the Employee Stock Option Scheme. The total outstanding Employee Stock Options as at December 31, 2025 stood at 6,757,145.

Intellect design arena Limited has completed the allotment of 87,561 equity shares under its Employee Stock Option Plans (ESOP) on January 28, 2026. The allotment was approved by the Stakeholders Relationship Committee of the Board of Directors through a circular resolution, marking another milestone in the company's employee incentive programs.

ESOP Allotment Details

The share allotment was executed under two distinct employee stock option schemes operated by the company:

The shares were allotted to eligible employees who exercised their options granted under these schemes. Both schemes had an exercise price of ₹5/- per share with no premium charged.

Impact on Share Capital

Following this allotment, the company's capital structure has been updated significantly:

The newly issued equity shares will rank pari-passu with the existing equity shares, ensuring equal rights and privileges for all shareholders.

Regulatory Compliance

The company had previously obtained necessary in-principle approvals from both stock exchanges for these ESOP schemes:

The allotment complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and detailed information has been provided under Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Share Characteristics

The allotted shares carry the ISIN number INE306R01017 and are issued in demat form. No lock-in period applies to these shares, and no listing fees are payable for this allotment. The shares are identical in all respects to the existing equity shares of the company and will be available for trading on both NSE and BSE where the company's shares are listed.