Protean eGov Technologies Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating resilient performance with significant growth across key metrics. The Board of Directors approved these results at their meeting held on February 11, 2026, pursuant to Regulation 33 of SEBI regulations.

Financial Performance Overview

The company delivered strong consolidated revenue from operations during the third quarter, driven by robust performance in Tax Services and New Businesses segments.

Segment-wise Performance

The company's diversified revenue streams showed varied performance across different business verticals during the quarter.

Key Business Highlights

Tax Services segment reported 14% YoY revenue growth, driven by a 90-basis point sequential gain in market share during the quarter. The company strengthened its market leadership with 59% market share and issued over 1.1 crore PAN cards during the quarter, benefiting from extended deadline for Aadhaar and PAN card linkage.

CRA Services maintained strong operating momentum, onboarding over 35 lakh new subscribers and capturing 94% of incremental industry additions. The company added more than 620 corporates and maintains a dominant 98% market position across NPS, APY, and UPS.

New Businesses achieved significant milestone, contributing 11% of total revenue in 9MFY26 compared to 4% in FY25. The company successfully operationalized 34 Aadhaar Seva Kendras across 19 States and Union Territories, with revenue generation commencing from these centres.

Board Meeting Outcomes

The Board meeting, which commenced at 2:00 PM and concluded at 4:00 PM on February 11, 2026, approved the unaudited financial results for both standalone and consolidated entities. Additionally, the Board announced that Ms. Preeti Mehta (DIN: 00727923) will complete her term as an Independent Director with effect from the close of business hours on February 14, 2026.

Exceptional Items Impact

The company reported exceptional items worth ₹3.95 crore during the quarter, attributed to the statutory impact of new labour codes notified by the Government of India on November 21, 2025. This impact consists of gratuity provisions of ₹3.77 crore and compensated absences of ₹0.18 crore, primarily arising from changes in wage definition.

Strategic Developments

The company secured a strategic national-level mandate valued at ₹25 crore to implement Digital Public Infrastructure services for Ethiopia's agricultural ecosystem. Protean has now secured four international mandates across three markets, reinforcing its growing global footprint.

Protean also made a strategic investment by acquiring 4.95% stake in NSDL Payments Bank, positioning itself to collaborate in co-creating replicable certified digital banking technologies for the BFSI industry.

Financial Position

The company maintains a robust balance sheet with approximately ₹800 crore of cash equivalents and marketable securities with zero debt as of December 31, 2025. EBITDA margin improved to 19%, representing an increase of 335 basis points on YoY basis, while PAT margin stood at 10.90%.

Protean e-gov technologies Limited has responded to a BSE query regarding recent media reports about a Rs 25 crore work order for Ethiopia Agriculture Ecosystem services. The clarification, issued on February 3, 2026, addresses questions raised by the stock exchange following news coverage of the significant contract award.

Order Details and Timeline

The company provided a comprehensive timeline of events surrounding the work order for Digital Public Infrastructure and services for Ethiopia Agriculture Ecosystem:

Regulatory Compliance and Disclosure

Protean eGov Technologies emphasized its commitment to timely regulatory disclosures. The company confirmed that pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the information was disseminated to the exchange promptly on January 10, 2026.

The company also clarified that no regulatory or legal proceedings have been initiated in relation to this matter, addressing one of the specific queries raised by BSE.

Share Price Movement Explanation

Regarding recent share price movements, Protean eGov Technologies provided the following clarifications:

• Price movements are purely due to market conditions and are market-driven
• Management has no control over share price fluctuations
• No pending price-sensitive information or announcements could have led to significant price behavior changes
• The company ensures stock exchanges are duly informed of all required disclosures under applicable regulations

Corporate Communication

The clarification was signed by Maulesh Kantharia, Company Secretary & Compliance Officer (FCS 9637), and submitted to BSE Limited under reference Protean/Secretarial/2025-26/96. This formal response demonstrates the company's proactive approach to addressing exchange queries and maintaining transparency with stakeholders.

The company reiterated its commitment to ensuring that stock exchanges are duly informed of all information and announcements required to be disclosed under applicable regulations, as and when required.