Transcript of the Earnings Conference Call

August 3, 2026 Listing Department, Listing Department, BSE Ltd., National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Dalal Street, Bandra - Kurla Complex, Bandra (East), Mumbai-400 001 Mumbai-400 051 Scrip Code: 544413 Symbol: DIGITIDE Dear Sir/Madam, Sub: Transcript of the Earnings Conference call Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Transcript of the Earnings Conference call, conducted through digital means on July 28, 2026. The above-mentioned information will also be available on the website of the Company under the following link: https://www.digitide.com/investors/financial-information/ Request to please take the same on record. Yours faithfully, For Digitide Solutions Limited Shailesha Barve Company Secretary & Compliance Officer Membership No. A50601 Encl: a/a Digitide Solutions Limited Registered Address: New Municipal No. 1, Sri Subramanya Plaza (SS Plaza), 29th Main Road, BTM Layout, 1st stage, Ring Road, Bengaluru, Bengaluru Urban, Karnataka, 560068 Tel: 080- 22244002 | CIN: L62099KA2024PLC184626 | Website: www.digitide.com “Digitide Solutions Limited Q1 FY27 Earnings Conference Call” July 28, 2026 MANAGEMENT: MR. SAMEER AHLUWALIA – CHIEF EXECUTIVE OFFICER AND EXECUTIVE DIRECTOR – DIGITIDE SOLUTIONS LIMITED MR. SURAJ PRASAD – CHIEF FINANCIAL OFFICER – DIGITIDE SOLUTIONS LIMITED MR. RAJESH LACHHANI – HEAD, INVESTOR RELATIONS AND M&A – DIGITIDE SOLUTIONS LIMITED MODERATOR: MR. RIDDHESH KADAM – ARIHANT CAPITAL MARKETS LIMITED Page 1 of 18 Digitide Solutions Limited July 28, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Digitide Solutions Limited Q1 FY27 Earnings Conference Call, hosted by Arihant Capital Markets Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star, then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Riddhesh Kadam from Arihant Capital Markets Limited. Thank you, and over to you, Mr. Kadam. Riddhesh Kadam: Hello, and good morning to everyone. On behalf of Arihant Capital Markets, I thank you all for joining into the Q1 FY27 earnings conference call of Digitide Solutions Limited. Today from the management, we have Mr. Sameer Ahluwalia, CEO and Executive Director; Mr. Suraj Prasad, CFO; Mr. Rajesh Lachhani, Head, Investor Relations and M&A. So, without any further delay, I'll hand over the call to management for their opening remarks. Over to you, sir. Sameer Ahluwalia: Thank you. Good morning, everyone, and a warm welcome to all of you joining us on Digitide’s earnings call today. Since this is my first earnings call as a Group CEO and ED, let me briefly introduce myself and share the perspective I bring to Digitide before discussing our Q1 performance and the outlook. A bit about me. I've spent over two decades building, scaling, and reorganizing businesses across technology, operations, and consulting. My career spans roles across global firms, including running a large banking and capital market business for a leading Indian technology services company, leading post-acquisition integration and global expansion at a multinational consulting firm, and managing a business unit contributing over half of a listed company's revenue. And most recently, serving as a Managing Director and Senior Partner at a US-headquartered consulting firm focused on private equity and restructuring mandates. I also had the privilege of starting my career in the GE ecosystem, which shaped many of my core leadership principles. So, what can you expect from me are some of the things I'm going to spend my time as we kind of move forward. First, deep domain expertise in outsourcing and overall professional services as a topic. This is the industry where I have built my career. Second, a private equity mindset focused on disciplined execution, clear accountability, and measurable performance outcomes across the entire organization. Third, a strong on-the-ground presence in India because I am based in India, close to our delivery engine, our talent base, and our operating realities. Fourth, I have a huge appreciation on the impact of AI and emerging technologies and how they are changing the client expectations and the service delivery models that we have to offer. And the last point, which is the belief that we are driving through the entire organization, that sustainable value creation comes not from growth alone, but from pursuing the right kind of growth. Page 2 of 18 Digitide Solutions Limited July 28, 2026 Now, over the past several weeks, I have spent my time doing one thing above all, which is listening. I met our clients, I met our teams across locations, my management group, our Board, our investors, and our partners. And after understanding the business, I leave that process with a very clear conviction. We at Digitide are not short on capability. The talent that we have is real. The clients that we service are real. And more importantly, the opportunity that we have ahead of us is very, very real. The question is not whether we have the assets to succeed. The question is, are we solving and bringing together greater clarity, more discipline, and clear accountability to various stakeholders that are part of our overall ecosystem? Before I talk about the future, let me briefly address the quarter as well. Q1 was clearly below our expectations. While revenue at INR775 crores grew 5.3% year-on-year, the sequential performance was impacted. Reported EBITDA for the quarter was INR76.9 crores, translating to an EBITDA margin of 9.9%. And finally, we turned profitable after two quarters. Suraj will talk through the financial performance in detail later. One of the most important takeaway from the quarter is not the result itself; it is the decisions behind it. As I reviewed the business with my management team, it became clear that certain accounts and opportunities were consuming disproportionate management attention and generating inadequate returns. We, therefore, chose to rationalize parts of our portfolio, and we didn't shy away from walking away from opportunities that did not meet our standards for profitability and long-term value creation. These actions have already started to happen, and they will continue through the year. More to come as we meet you again. At the same time, the industry that we are in is experiencing additional pressure from labor code- related changes and minimum wage revisions across several Indian states, impacting both margins and bookings in the quarter, and we'll speak more on that as well. But I want to be clear: the decisions that we have taken were not to protect the current quarter or the next one. They were taken to improve the next several years, and they point to a deliberate choice about how this company will be run going forward. We are not going to chase top line for its own sake. We are going to chase the quality of our revenue and the quality of our earnings and use that as the input to unlock value for all Digitide stakeholders. I also want to frame the change that we are bringing because I do not want it to be misunderstood. This is a forward-looking execution roadmap, and the actions behind it have already started. These are basically four moves that we are making. First, Get Unified. We are moving into a new operating model where interlock, a shared agenda, and performance markers become the most important units of currency. We are going back to first principles. We have simplified our operating model into four parts. One, our business units. They own the P&L of the account, they own the service delivery management to ou [Showing first 8,000 characters — download PDF for full document]