Expleo Solutions has informed stock exchanges about receiving an income tax demand of ₹2,16,77,078 from Chennai tax authorities related to the disallowance of Minimum Alternate Tax (MAT) credit for Assessment Year 2016-17. The company made this disclosure in compliance with SEBI Listing Regulations under Regulation 30.

Income Tax Demand Details

The demand has been raised by the Assistant Commissioner of Income Tax, Corporate Circle 1(1), Chennai, specifically targeting the disallowance of MAT credit utilized by the company. The following table provides comprehensive details of the tax order:

Nature of Tax Action

The income tax order falls under Section 154 read with Section 143(3) of the Income Tax Act. The demand of ₹2,16,77,078 has been raised specifically on account of disallowance of MAT credit utilized amounting to ₹80,00,000 for Assessment Year 2016-17. The company received the order through an intimation letter dated January 21, 2026.

Company's Assessment of Impact

Expleo Solutions has assessed that there is no material impact on its financials, operations, or other activities due to this income tax demand. The company has made this disclosure as part of its regulatory compliance obligations under SEBI Listing Regulations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Clause 20 of Para A of Schedule III of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has provided all required details as per SEBI circulars dated July 13, 2023, and December 31, 2024, ensuring complete transparency with stakeholders regarding this regulatory development.

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.