Shareholders meeting

Ref. No. ESDS / 2026-27 / 23 Date: November 06, 2026 To To Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, C-1, G-Block, Bandra-Kurla Complex Dalal Street, Mumbai, MH – 400001 Bandra (E), Mumbai, MH – 400051 Scrip Code: 544898 Scrip Symbol: ESDS Sub: Submission of Annual Report for the financial year 2025-26 under Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 Dear Sir/Madam, With reference to the captioned subject, we are submitting herewith the 21st Annual Report of the Company along with Notice of Annual General Meeting (AGM) for the financial year 2025-26, which is being sent to the shareholders by electronic mode who have registered their e-mail addresses with the depositories. The 21st Annual General Meeting (AGM) of the Company will be held on Monday, November 30, 2026 at 11:00 a.m. (IST) through Video Conferencing/ Other Audio Visual means (VC/OAVM). Pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company is pleased to provide its members with the remote e-voting facility to cast their votes electronically on the resolutions mentioned in the AGM Notice using the electronic voting platform provided by MUFG Intime India Private Limited (“MUFG”). The voting rights of members shall be in proportion to the shares held by them, as on the cut-off date i.e. Monday, November 23, 2026. The remote e-voting period commences on Thursday, November 26, 2026, 2026 at 09:00 a.m. (IST) and ends on Sunday, November 29, 2026 at 05:00 p.m. (IST). The remote e-voting module shall be disabled by MUFG for voting thereafter. In addition, the facility for voting through electronic voting system shall also be made available at the AGM and the members participating in AGM through VC/OAVM, who have not already cast their vote by remote e-voting shall be able to exercise their rights in the meeting. The Annual Report containing the AGM Notice for Financial Year 2025-26 is also uploaded on the Company’s website viz. www.esds.co.in. Kindly take the same on your record. Thanking you For ESDS Software Solution Limited (Prasad Deochand Deokar) Company Secretary & Compliance Officer M. No. A34350 ESDS Software Solution Limited Annual Report 2025-26 Rooted in Indian innovation. Engineered for the world. For over two decades, ESDS has been the trusted Key highlights of FY26 Contents foundation behind mission-critical systems serving Corporate overview ₹4,722.10 banks, government departments and enterprises. 02 Chairman and Managing Director’s message mn Driven by homegrown innovation and a commitment 04 Who we are REVENUE FROM OPERATIONS to sovereignty, we bring SWARAJ Cloud, patented 06 Our journey technology and expertise together through one 08 Our presence 10 Our offerings integrated AI ecosystem, enabling organization to take 12 Compliance, certifications and awards 49.60 control of their digital future and realize their ambitions, in India and globally. EBITDA MARGIN Strategic overview 14 Opportunity and investment case 16 Business model 18 Strategic pillar 01: AI factories at scale ₹1,208.23 20 Strategic pillar 02: Sovereign at the core mn 22 Strategic pillar 03: Integrated by design PROFIT AFTER TAX 24 Key Performance Indicators Responsible business 26 People 25.51 27 Environment % 28 Community INTERNATIONAL REVENUE SHARE 29 Governance and risk management 30 Board of Directors 32 Leadership team 2,501 Statutory reports 34 Management Discussion and Analysis CUSTOMERS SERVED 42 Board’s Report 57 Report on Corporate Governance Financial statements 88 Standalone Today, they support 1,045 bank branches, six smart FY26 showed what this combination can deliver. 148 Consolidated OPERATIONAL TIER III DATA CENTRES cities, 5 million smart metres and Government Customers outside India contributed 25.51% of our IN INDIA programmes such as Pradhan Mantri Mudra Yojana, revenue, up from 5.29% two years earlier, and on 206 Notice to Shareholders which has benefitted more than 60 million citizens. March 31, 2026, we signed an AI cloud infrastructure agreement for a dedicated cluster of approximately Building on this foundation, we are expanding our 8,208 NVIDIA B300 GPUs in Australia. capabilities to meet the growing demand for AI 995 computing. Our AI factory ecosystem brings together Wherever we serve them, customers keep control GPU infrastructure, networking, storage, platforms of their data, as SWARAJ Cloud and our in-house and managed operations for AI labs and enterprises. SWARAJ products can be deployed to keep data, EMPLOYEES Through GPU-as-a-Service and dedicated GPU operations, and governance within their jurisdiction. clusters, we are scaling our capacity to support AI Sovereign by design and global in reach, we are a workloads in India and international markets. partner organisations can trust, wherever they are. Forward-looking statement This Report contains forward-looking statements based on our current expectations and assumptions. Actual results may differ materially owing to economic, regulatory, technological and competitive factors. We do not undertake to update these statements, except as required by law. Disclaimer: Certain visuals in this report have been generated or enhanced using artificial intelligence (AI) to illustrate concepts and narratives. Unless otherwise stated, these images are representative in nature and should not be interpreted as literal or factual depictions of actual people, places,products, events, assets, or operations. Corporate Overview Statutory Reports Financial Statements Chairman and Managing Director’s message FY26 was a record year, with our A record year, highest-ever revenue and profit. We enter our first year as a listed company with a clear direction, a new chapter a strong balance sheet and a significant AI opportunity ahead." Dear Shareholders, AI factories at the centre It gives me great pleasure to of our growth present our first Annual Report as a We launched GPU-as-a-Service in listed company. Our equity shares November 2025 and now build and were listed on the NSE and BSE on run AI factories for AI labs that need September 4, 2026, a milestone dedicated, large-scale GPU clusters that reflects more than 20 years and for enterprises moving AI from of building data centres and cloud pilot to production. capabilities in India. I thank every On March 31, 2026, we signed an AI investor who placed their trust in us cloud infrastructure agreement for resides, how it is governed and who stock option plans, many of our during our initial public offering (IPO) a dedicated cluster of approximately controls it. With SWARAJ Cloud and 995 employees, who keep critical and welcome our new shareholders. 8,208 NVIDIA B300 GPUs in Australia, our indigenous technologies, we systems running around the clock, marking our entry into large-scale aim to extend that freedom beyond share in the value they create. Our Record performance AI infrastructure. It has an initial India, empowering organisations six-member Board, half of whom are Revenue from Operations grew five-year term, with an option to worldwide to define and protect independent, oversees our strategy 30.68% to ₹4,722.10 million. EBITDA extend by two years, for a total their own digital sovereignty. and risks, and we are committed to rose 51.23% to ₹2,342.34 million, contract value of approximately International markets contributed high standards of governance and lifting our EBITDA Margin to 49.60% $1,250 million, and we expect 25.51% of our FY26 revenue, up from transparent disclosure. from 42.86%. Profit After Tax (PAT) revenue to begin in Q3 FY27. Our 5.29% in FY24, and international AI more than doubled to ₹1,208.23 partner deploys and operates the infrastructure will be [Showing first 8,000 characters — download PDF for full document]