Annual Report of the Company for the FY 2025-26

To, Date: 01.09.2026 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 (Company Code: 544610) Dear Sir/Madam, Sub: Submission of Annual Report for the F.Y. 2025-26 and Notice of 8th Annual General Meeting Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), we are submitting herewith the Annual Report for the F.Y. 2025-26 of the Company alongwith Notice of 8th Annual General Meeting of the Company scheduled on Friday, 25th September, 2026 at 12:30 P.M. (IST) through Video Conferencing (VC)/ Other Audio Visual Means (OAVM), in compliance with the circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India in this regard. Detailed instructions for remote e-voting, participation in the AGM through VC/OAVM mode and e-voting at the AGM are provided in the Notice of the AGM. The Annual Report for the financial year 2025-26 and Notice of AGM is being sent electronically to the shareholders who have registered their email IDs with the Company or Depository Participant(s) or Registrar and Transfer Agent of the Company. Additionally, pursuant to Regulation 36(1)(b) of SEBI (Listing Regulations) a letter is being sent by the company providing the weblink, including the exact path where complete details of Notice and the Annual Report is available, to those shareholders who have not registered their email address with the Company or Depository Participant(s) or Registrar and Transfer Agent of the Company. The said Annual Report and Notice of the 8th AGM and other relevant documents are available on the website of the Company at www.cloudworkmates.com. This is for your information and records. Thanking you. Yours faithfully, For Workmates Core2Cloud Solution Limited Purnima Mundhra Company Secretary & Compliance Officer Membership No. A71229 Modern Foundation for What’s Next Cloud & Cybersecurity Data & AI & Digital Managed Digital Infrastructure Analytics Intelligence Workplace Services Transformation Annual Report 2025-26 Inside this Workmates Report in 2025-26 01-15 59-114 A year of business growth, capability Corporate Overview Financial Statements additions and a landmark entry into Standalone 01 Workmates in 2025-26 the public markets. 02 Modern Foundations for 59 Independent Auditors’ Report What’s Next 66 Balance Sheet 04 Our Strong Foundation 67 Statement of Profit and Loss 06 Message from the 68 Statement of Cash Flow Chief Executive Officer 69 Notes to Standalone A Landmark Year AWS Consulting Partner 08 From the Managing Director’s Desk Financial Statements 10 CFO’s Review of Financial Listed on BSE SME of the Year 2025 Performance Entered the public markets in FY 2025-26 Recognition of the Company’s capabilities and 12 An Integrated Enterprise Consolidated following our successful initial public offering. performance within the AWS partner network. Technology Platform 87 Independent Auditors’ Report 94 Balance Sheet 95 Statement of Profit and Loss 16-58 96 Statement of Cash Flow 97 Notes to Standalone Statutory Reports Financial Statements Financial Recurring Business and 16 Notice of 8th Annual General Performance Business Operations Meeting 26 Directors’ Report 45 Management Discussion and Scan this QR Code ₹143 Crore ₹118 Crore 95% Analysis to visit our website Revenue (33.6% YoY) Recurring revenue Customer retention 16.21% 82.5% 84% EBITDA margin Share of revenue from Billable utilisation recurring business ₹15.92 Crore ₹9.83 Crore 1.2 Hours Profit after tax Monthly recurring revenue Mean time to resolution 11.07% ₹13.25 Crore 62 Days PAT margin MRR entering FY2026-27 Debtor days (FY25: 72 days) Corporate Overview Statutory Reports Financial Statements Modern Foundations for What’s Next Technology is moving into a new phase. Cloud has become integral to enterprise infrastructure. Cybersecurity now needs to be built into technology architecture. Data is assuming a larger role in how businesses operate and make decisions. Artificial intelligence is adding another layer to what enterprises expect from their technology investments. For businesses, this puts greater emphasis on what sits underneath. Applications can change. Technologies will evolve. New use cases will emerge. But each depends on an underlying architecture that can accommodate change while remaining secure, scalable and manageable. This is where Workmates operates. Modern Foundations for What’s Next captures this role. It speaks to the work we do for customers today and the direction in which our capabilities are developing. As enterprise technology moves towards a closer convergence of cloud, security, data and AI, we see a larger opportunity to apply our expertise across customer environments and address a broader set of Workmates Core2Cloud Solution technology requirements. Limited (Workmates) is a cloud and digital technology services company working with enterprises across cloud, managed services, cybersecurity, data and emerging AI requirements. Our capabilities span the technology Cloud Foundation, Cloud Efficiency Application and Database lifecycle, from architecture and migration Migration and Operations and FinOps Modernisation to implementation, management, Cloud adoption, migration, Cloud utilisation, Modernising legacy applications optimisation and security. This gives us optimisation and expenditure visibility and and data environments the ability to work within the foundations infrastructure management infrastructure efficiency on which our customers run their businesses and build what comes next. Data Platform and Secure Cloud Platform AI Acceleration and Managed Data Services Managed AI Cybersecurity, governance and Managing, integrating and compliance solutions Enterprise AI deployment 350+ 10,000+ 5,000+ utilising enterprise data across business and operational environments Enterprise and high- Support tickets Virtual machines monitored growth clients served managed daily across environments 02 Workmates Core2Cloud Solution Limited Annual Report 2025-26 03 Corporate Overview Statutory Reports Financial Statements Our Strong Foundation 2018 2019 2020 2022 2024 2025 2018 - Workmates was November 2019 - Reached November 2020 - Received June 2022- Delivered 500 November 2024 - Achieved 2025 - Recognized as founded by a group of the milestone of 50 customers. the Fastest-Growing projects, marking a major AWS Premier Tier Partner Consulting Partner of the industry friends with a vision AWS Partner award. delivery milestone. status at exceptional speed. Year with a strong 200+a October 2019 - Achieved to build a workplace where member team. Advanced AWS Partner status. Rapid growth through strong Continued recognitions September 2024 - Began mates collaborate to create talent acquisition, capability including Technology Delivery global expansion with the 2025 - Launched the meaningful impact. building, and technology Partner, APN Immersion Day Singapore office, marking the new Kolkata office AWS became our North Star, specialization. Partner, and more. international footprint. overlooking Salt Lake guiding our journey towards Stadium. Expanded operations with delivering value to customers. offices in Kolkata (2), 2018 - Started as a Bhubaneswar, Hyderabad, Registered AWS Partner. Mumbai, and Noida. December 2022 -Awarded SMB Partner of the Year, strengthening presence in the MSME segment. 04 Workmates Core2Cloud Solution Limited Annual Report 2025-26 05 Corporate Overview Statutory Reports Financial Statements Message from the Chief Executive Officer Technology is also changing in ways During the year, we continued to that matter to our customers. A few invest in areas where we believe years ago, conversations centred demand will remain durable. We Today, they are just largely on cloud adoption. Today, expanded capabilities across cloud, they are just as likely to involve cybersecurity, managed services as likely to involve Technolo [Showing first 8,000 characters — download PDF for full document]