Xchanging Solutions Limited has announced the resignation of Mrs. Janaki Ashwin Patwardhan from her position as Non-Executive Independent Director, effective January 14, 2026. The resignation was submitted under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mrs. Janaki Ashwin Patwardhan (DIN: 09180182) tendered her resignation through a letter dated January 14, 2026, citing personal reasons and restructuring of professional commitments as the primary factors for her decision. The resignation became effective from January 14, 2026, at 23:59 hours.

Committee Positions Affected

With her resignation from the board, Mrs. Patwardhan also ceased to hold several key committee positions within the company structure. Her departure impacts multiple governance committees where she served in leadership and member roles.

The following committee positions were affected:

• Chairperson of Corporate Social Responsibility Committee
• Chairperson of Stakeholders Relationship Committee
• Member of Audit Committee
• Member of Nomination and Remuneration Committee

Regulatory Compliance

The company has fulfilled its disclosure obligations pursuant to Regulation 30 read with Para A(7B) of Part A of Schedule III of Listing Regulations and SEBI Master Circular bearing Reference Number SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company Information

Xchanging Solutions Limited, a DXC Technology Company, is incorporated under CIN: L72200KA2002PLC030072 with its registered office located at HP Avenue, 39/40, Electronic City, Hosur Main Road, Bengaluru 560 100, Karnataka, India. The resignation letter was signed by Company Secretary & Compliance Officer Radhika Khurana (Membership No. A32557) and communicated to both BSE Limited and National Stock Exchange of India Limited.

Mrs. Patwardhan expressed gratitude in her resignation letter, stating it was "an honour to serve the company and the stakeholders" and extended wishes for "a glorious and prosperous future" to the company, DXC group, staff, stakeholders, Board of Directors, and Key Managerial Personnel.

Xchanging Solutions Limited has provided an addendum to its earlier tax demand disclosure, revealing that the total demand amount has increased to ₹113.05 crores due to accumulated interest costs. The company, operating as a DXC Technology subsidiary, issued this clarification following its December 24, 2025 disclosure regarding pending litigation under SEBI Listing Regulations.

Revised Tax Demand Breakdown

The company has clarified that while there is no change in the principal demand and penalty amounts, additional interest costs have been quantified and added to align with the original 2023 disclosure methodology:

The estimated interest cost represents a roll-forward calculation that continues to increase daily until the demand is finalized, highlighting the ongoing financial implications of the unresolved tax matter.

Previous Tax Components

The earlier disclosure had detailed the core components of the tax demand, which remain unchanged in terms of principal amounts:

Company's Position and Legal Strategy

Xchanging Solutions maintains its position to challenge the tax demand through appropriate legal channels. The company continues with its plan to file an appeal against the demand order before the CESTAT (Customs, Excise and Service Tax Appellate Tribunal).

The management's assessment of the business impact remains consistent with earlier communications:

Regulatory Compliance Framework

This addendum represents the company's commitment to transparent disclosure under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The clarification addresses the methodology for calculating the total demand amount, ensuring consistency with the company's 2023 disclosure practices.

Corporate Background

Xchanging Solutions Limited (CIN: L72200KA2002PLC030072) operates from Electronic City, Bengaluru, as part of the DXC Technology group. The company provides technology solutions and services, maintaining its operational focus despite the ongoing regulatory challenges. The disclosure was signed by Company Secretary & Compliance Officer Radhika Khurana, emphasizing the company's adherence to corporate governance standards.