Annual Report for the FY 2025-26

September 01, 2026 The Manager The Manager – Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor Floor 25, Phiroze Jeejeebhoy Tower Plot No. C/1, G Block, Dalal Street, Mumbai-400001 Bandra Kurla Complex, Bandra(E), Mumbai-400051 BSE Scrip Code: 532341 NSE Symbol: IZMO Dear Sir/Madam, Subject: Notice of the 31st Annual General Meeting of Izmo Limited along with Annual Report for the Financial Year ended March 31, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the “Listing Regulations”) and Regulation 34(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose the Notice of the 31st Annual General Meeting of Izmo Limited along with Annual Report of the Company for Financial Year ended March 31, 2026. Kindly note the following details: 1. Annual General Meeting: 31st Annual General Meeting (AGM) will be held on Friday, 25th September 2026 at 12:30 P.M. (IST) through Video Conferencing (“VC”) or Other Audio-Visual Means (“OAVM”). 2. Book Closure: Register of Members and Share Transfer Books of the Company shall remain closed from Friday, September 18, 2026 to Friday, September 25, 2026 (both days inclusive) for the purpose of AGM. 3. E-Voting: The remote e-voting period will commence on Tuesday, September 22, 2026 (9:00 A.M. IST) and will end on Thursday, September 24, 2026 (5:00 P.M. IST). 4. E-Voting Cut-off date: Friday, September 18, 2026. The Notice which forms part of the Annual Report for the Financial Year ended March 31, 2026 is being sent through e-mails to the shareholders of the Company only at their registered e- mail addresses with RTA or Depository Participant and a letter containing the web-link and path for accessing the Annual Report for FY 2025-26 is being sent to those Members who have not registered their email IDs with the Company/RTA/DPs and the same has also been uploaded on the website of the Company under the web-link https://www.izmoltd.com/annual-report-en-in.htm Kindly take this information on record. Yours faithfully, for IZMO Limited Varun Kumar A S Company Secretary and Compliance Officer Encl: As above izmoltd. 31st Annual Report 1 Corporate Information Board of Directors India Germany Richmodstraße 6, 50667 Köln. Shashi Soni Sales & Marketing Offices Chairperson and Whole-Time Director Tel no : +49 1768231 0046 Sanjay Soni Delhi Core Management Team Managing Director izmo Limited Kiran Soni 111, 1st Floor, U.S.A Chief Financial Officer and Whole-Time Mercantile Housing Building, Mr. Tej Soni Director 15, KG Marg, Connaught Place, CEO, izmo Global New Delhi - 110001 Roopsing Noorsing Chawhan Tel : +91 11 45675529 Mr. Chris Daniels Independent Director Head - Studio Operations Vasanth Kumar Mr. Chris Dulla Independent Director Corporate Headquarters Vice President, FrogData Chethan Raghunath Reddy San Francisco France Independent Director 251 Post St. Suite 302, San Francisco, CA 94108 Mr. Benoit BACHELOT Auditor Directeur Général CGI Studio Mr. R. Vijayanand India 2100 E Mc Faddeen Ave., #297, 1st Floor, 35th Cross,7th C Main, Suite C, Santa Ana, CA 92705 Mr. Sarbashish Bhattacharrjee Jayanagar 4th Block, Bengaluru - 560011 Tel : +1 562 597 5740 Chief Technology Officer Share Transfer Agents Fax : +1 562 597 9616 Mrs. Kiran Soni Chief Financial Officer Cameo Corporate Services Limited Marketing Office “Subramanian Building”, 5th Floor, 1, Club 1200 Harger Rd. Suite 320, Mr. Varun Kumar A S House Road, Chennai - 02 Company Secretary & Oakbrook, IL 60523 Tel : +91 44 28460390 - 94 Compliance Officer Fax : +91 44 28460129 UK Mr. Gopi SD E-mail: investor@cameoindia.com 1 Doughty Street, Associate Director - Finance & London, WC1 2PH Accounts Bankers Tel : +44 7545 847383 Mr. Vinay Narayana KOTAK MAHINDRA BANK LTD Head - Delivery 1ST Floor, Narain Manzil 1001- 1007, France Barakhamba Road, Connaught Place, 69-71 Avenue Pierre grenier 92100 Mr. Biplob Kumar Das New Delhi 110001 Boulogne-Billancourt Head - Human Resource Tel : +33 (1) 85 39 07 93 izmomicro Registered & Corporate Office Belgium Mr. Dinanath Soni izmo Limited Chief Operating Officer #177/2C, Bilekahalli Industrial Area, Diegemstraat 45, Bannerghatta Road, 1800 Vilvoorde, Belgium Mr. Nitin Ghodgaonkar Bengaluru - 560076, India Tel : +32 (2) 751 0359 Chief Technology Officer Tel : +91 80 6712 5401 – 07/09 Mr. Rajesh Sood General Manager Websites Mr. Sathish Babu M General Manager www.izmocars.com www.izmocars.fr www.izmomicro.com www.frogdata.com Mr. Vinod Kumar K S www.izmoltd.com www.izmostock.com Head, HR www.goizmo.com izmoltd. 2 31st Annual Report izmoltd. 31st Annual Report 3 Table of Contents 1 Chairperson's Letter to Shareholders 6 2 MD's Letter to Shareholders 7 3 Management Discussion and Analysis 10 4 Notice of Annual General Meeting 20 5 Board's Report 41 6 Annexure to Board's Report 54 7 Corporate Governance Report 67 8 Auditors' Report on Standalone Financial Statements 90 9 Standalone Balance Sheet 102 10 Standalone Statement of Profit & Loss 103 11 Standalone Cash Flow Statement 104 12 Notes to Standalone Financial Statements 105 13 Auditors' Report on Consolidated Financial Statements 135 14 Consolidated Balance Sheet 143 15 Consolidated Statement of Profit & Loss 144 16 Consolidated Cash Flow Statement 145 17 Notes to Consolidated Financial Statements 146 izmoltd. 4 31st Annual Report izmoltd. 31st Annual Report 5 izmoltd. 6 31st Annual Report Managing Director’s Letter to Shareholders Dear Shareholders, FY26 marks an important point in izmo’s evolution. For more than two decades, we have built technology businesses around areas where we believed sustained investment, engineering depth and proprietary intellectual property could create enduring value. That approach first established izmo as a significant automotive technology company with customers across global markets. Over the past several years, we have applied the same philosophy to a new area of opportunity — advanced semiconductor packaging and silicon photonics. Today, izmo has two complementary technology businesses. Digital Intelligence provides an established base of recurring revenues, global customer relationships, proprietary content and software platforms. Alongside it, izmo Microsystems is developing into an increasingly important semiconductor business with operating infrastructure, commercial engagements and a distinctive position within India’s emerging semiconductor ecosystem. Dear Shareholders, FY26 demonstrated meaningful progress across both. It is a privilege to address you at a time when India and the world are entering a period of extraordinary change. A Year of Strong Operating Performance Over more than five decades in industry, I have seen technology transform businesses and create opportunities that once seemed impossible. Today, artificial intelligence and digital technologies are accelerating that change Consolidated revenue from operations increased 26.8% to ₹284.88 Crore, the highest in the Company’s history. on an unprecedented scale. Export revenues grew 25.4% to ₹265.53 Crore, while domestic revenues increased 50.1% to ₹19.35 Crore. For izmo, this presents an opportunity to innovate, grow and build for the future. But I believe technology Profit Before Tax was ₹47.73 Crore compared with ₹53.72 Crore in FY25, while Profit After Tax stood at ₹47.56 must also serve a larger purpose. Its true value will be measured not only by the efficiencies it creates, but by Crore and EPS at ₹31.89. The previous year included a one-time gain of ₹30.53 Crore from the sale of a property. how widely its benefits are shared. A better indication of the underlying operating progress during FY26 is EBITDA before Other Income, which India has enormous talent and ambition, yet millions of people still seek better livelihoods, skills and opportunity. increased approximately 36%, from ₹38.3 [Showing first 8,000 characters — download PDF for full document]