Expleo Solutions Limited has announced the resignation of Mr. Rajesh Krishnamurthy from his position as Non-Executive Director, effective January 12, 2026. The company informed BSE Limited and National Stock Exchange of India Limited about this development on December 12, 2025, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

The resignation details as per regulatory requirements are presented below:

Background and Context

Mr. Krishnamurthy's resignation from the board is connected to his broader decision to step down from his executive role as Group CEO at Expleo. In his resignation communication to the board members, he explained that his departure from the board will coincide with the handover to the new Chief Executive Officer.

The outgoing director expressed his commitment to ensuring a smooth transition, stating that he will remain available as needed to support the process. He emphasized that all necessary formalities and regulatory requirements will be completed in an orderly manner.

Regulatory Compliance

The announcement was made in accordance with multiple SEBI regulations and circulars:

• Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
• SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024

The company secretary S. Sampath Kumar (Membership No. FCS3838) signed the regulatory filing as Company Secretary and Compliance Officer.

Leadership Transition

In his farewell message to the board, Mr. Krishnamurthy acknowledged the quality of discussions, rigor of governance, and commitment shown by the board and management team. He described serving on the Board of Expleo Solutions India Limited as a privilege and extended his best wishes for the company's continued success in the years ahead.

The resignation represents a significant leadership change as the company prepares for the transition to new executive leadership at the group level.

Expleo Solutions Limited , a global technology, engineering, and consulting service provider, has announced its financial results for the second quarter and half-year ended September 30, 2025, showcasing robust growth and improved profitability.

Key Financial Highlights for Q2 FY26

• Total income grew by 10.8% quarter-on-quarter to Rs 2,954.00 million
• Operating revenue increased by 8.9% quarter-on-quarter to Rs 2,827.00 million
• Adjusted EBITDA margin improved to 17.1%, up from 12.8% in Q1 FY26
• Profit after tax (PAT) including Other Comprehensive Income (OCI) rose by 74.3% quarter-on-quarter to Rs 431.00 million
• Basic earnings per share (EPS) stood at Rs 25.62, up 94.7% from Q1 FY26

Year-on-Year Performance

Compared to the same quarter last year (Q2 FY25), Expleo Solutions demonstrated steady growth:

• Total income increased by 8.6% year-on-year
• Operating revenue grew by 9.0% year-on-year
• Adjusted EBITDA margin improved by 77 basis points to 17.1%
• PAT including OCI rose by 20.7% year-on-year

Half-Year Performance (H1 FY26)

For the first half of FY26, Expleo Solutions reported:

• Total income of Rs 5,610.00 million, up 6.8% year-on-year
• Operating revenue of Rs 5,423.00 million, a 6.0% increase year-on-year
• PAT including OCI of Rs 678.00 million, growing 14.1% compared to H1 FY25

Operational Highlights

Expleo Solutions has shown improvement across several key operational metrics:

• Digital revenue increased to 53% of total revenue in Q2 FY26, up from 48% in Q1 FY26 and 47% in Q2 FY25
• The company maintained a strong balance sheet with a net cash position of Rs 3,030.00 million as of September 30, 2025

Management Commentary

Mr. Phani Tangirala, Managing Director & CEO of Expleo Solutions Limited, commented on the results: "We delivered a strong quarter, recording year-on-year growth of 8.6% and quarter-on-quarter growth of 10.8%, despite challenging market conditions—particularly in Europe, where we have a significant presence. We had growth across all our key markets, however, the growth in Europe and North America markets outpaced the growth in the Middle East and APAC markets."

He further added, "Operationally, it was an outstanding quarter, with continuous improvement across nearly all key metrics. We achieved record-high utilization levels as our delivery operations became more agile and responsive to evolving business needs."

Future Outlook

The company remains optimistic about growth opportunities, particularly in North America and Middle East markets. Expleo Solutions is focusing on Artificial Intelligence and Digital Transformation initiatives, which are beginning to generate revenue and create new business opportunities. The company has launched an organization-wide AI training initiative aimed at driving measurable improvements in operational efficiency.

Expleo Solutions' strategic priorities include driving growth through focused initiatives, pursuing operational excellence, and leveraging emerging opportunities to deliver sustained value to all stakeholders.

As the company continues to navigate the evolving technological landscape, its investments in AI capabilities and digital transformation are expected to serve as long-term differentiators, strengthening its value proposition and competitive edge in the global market.