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IDAL/2026-27/SE/49 July 7, 2026 National Stock Exchange of India Ltd. Scrip Symbol - INTELLECT BSE Ltd. Scrip Code - 538835 Dear Sir/Madam, Sub: Newspaper advertisement titled ‘Notice For 15th Annual General Meeting, E-voting and Final Dividend. Please find enclosed copies of the newspaper advertisement titled ‘Notice For 15th Annual General Meeting, E-voting and Final Dividend’ published in Business Line (English) and Dinamani (Tamil) on July 7, 2026. This is for your information and records. Yours Truly, For Intellect Design Arena Limited, Prakash Bharadwaj Company Secretary and Compliance Officer ACS-37214 news bl CHENNAI 9 businessline. TUESDAY-JULY7-2026 ‘India will be an application player in AI race’ Pvt credit funds see rise in real estate refinancing RESEARCH PUSH. R&D spend is about 0.6-0.7 per cent of GDP; Nasscom’s Kishore Patil urges the country to spend more Saurabh Rathi, Co-head, Akshata Gorde Real Estate Funds, Motilal interview strong as investment, talent, nia-site largely. China has a Aside from funding, Mumbai Oswal Alternates, said de- taxes and the ecosystem for strong ecosystem and that’s what are the other velopers are now borrowing AI is very strong there. So, why they are in a position to hurdles in R&D? Real estate private credit more for refinancing and ac- Vallari Sanzgiri the models coming in are We don’t have to play innovate and do faster re- funds are preparing for refin- quisitions as they proactively Mumbai very strong but are not the the same game as search. So, Indian enter- It is also the ecosystem and ancing activity to pick up restructure their balance full solution. prises have to spend money. the mindset. Capital is a very over the next 12 months as sheets rather than simply other countries; we Indian IT companies have It’s a combination with There is no alternative. important but we as a coun- residential sales moderate stay afloat. “The recent have our own made their bets in the local small language try, as enterprises, spend less after a strong multi-year run, softer residential sales have preparation for the AI models that people build. If a strengths Do you see India money on our end. It is re- with developers increasingly resulted in deal pipelines go- transformation, from model has to really deliver a growing as a unified flected in the numbers. Even turning to structured debt to ing up by 10 to 20 per cent KISHORE PATIL building sovereign models to specific output there are a lot ecosystem? GCCs or private enterprises, manage cash flows and rebal- across the market as builders ahuman+AI business model. of other things we need to do Nasscom Vice-Chairperson We have not matured but it is tech companies need to ance their balance sheets. choose flexible capital over However, in certain aspects in between such as contex- still happening in pockets. spend more in terms of the “We see the need for refin- waiting on customer collec- like funding and research, tual knowledge and localised There are ecosystems in technology for future build- ancing capital to increase in tions,” he said. India still remains on the data. As that evolves, I think you see the talent That adoption will start Bengaluruand Hyderabad. ing. the next 12 months because backfoot, raising concerns we will have much better already pivoting, trying and be a much bigger oppor- It will happen in the nat- For example, India will be- of reduction in residential CREDIT DEMAND about India’s place in the sovereign models. to innovate in their own tunity for overall ural course but slower than come the number two mar- sales volume,” said Vikas Amit Bhagat, Co-founder, global AI-verse. way to adapt to AI? professionals. what we would have liked ket in 10 years, ahead of the Chimakurthy, CEO–Realty CEO and MD,ASK Property Nasscom Vice So, can India still For pure-services, in the next and what is required for US. Funds, Kotak Alternate Asset Funds, said private credit de- Chairperson Kishore Patil become a serious AI couple of years, AI is a net- It’s hard for the right India. But there is a huge gap Managers. He said most mand had shifted from answered some of these power of the world? net opportunity. In the short deep tech companies to when it comes to R&D private credit deployed over “solution capital” before larger questions around India will be an application term, there may be some ups tap into the right How is India investing spends. Businesses will have the last two years has gone Covid, which included refin- India’s AI rank and the player, largely. We don’t have and downs but AI adoption funding sources and in R&D? to invest and build that eco- towards land acquisition and ancing, lender exits and last- potential road ahead as a to be play the same game as by Indian enterprises is a vice versa. How can we Indian R&D spend is about system and people have un- growth, with only a part used mile funding, to growth cap- products nation. other countries, we have our very big opportunity for In- possibly solve for this 0.6-0.7 per cent of GDP. Typ- derstood in last few years for refinancing to address ital as residential sales re- Edited excerpts: own strengths and even dian professionals. issue? ically, the average is around 4 how the local ecosystem is cash-flow mismatches. covered. Residential projects China is playing in applica- Further, the business As per Indian mindset, we per cent. more important. Fund managers said the continue to account for the Considering the tions but they have more bal- models will change whether like to do everything on our To catch up on R&D, it is So, there will be a better expected rise in refinancing largest share of private credit sovereign AI push, does ance and also some solid it is a start-up or product own. So, building a very not easy because 0.7 to 4 is a push in this direction for is not a return to the dis- investments, with the seg- relying on foreign AI technology. company. There are certain strong ecosystem would be big gap, but R&D can be a looking at technologies loc- tress-led lending that char- ment attracting more than models put us on the sectors which we need to very useful. Different people great leverage. For example, ally. This is a very important acterised the market a few 80 per cent of real estate backfoot? How do you see the job really look at: defence and re- can contribute and focus on India needs to do much point because growth will years ago but instead a move credit because projects gen- Even in China, they say the churn progressing? Is it search can immensely bene- their strength. deeper research on the ma- come only on the back of towards strategic use of erate predictable cash flows models in California are very going to get worse or do fit through AI. Even in US, it’s a Califor- terials, etc. AI can accelerate. these investments. private credit in real estate. through home sales. IT clocks modest rise in FY26 diversity ratio senior leadership levels. Rohan Das “Women often make up a Chennai large share of entry-level hires (around 35-45 per Despite AI-led workforce cent), but their representa- disruptions, Indian IT’s di- tion gradually declines at versity progress seems to be mid-management and senior on track. Major Indian IT leadership levels,” he said. service firms reported a Biswajeet Mahapatra, growth in the share of female Principal Analyst, Forrester, employees as a per cent suggested that achieving of total workforce, as indic- gender parity depends not ated by data from company only on recruitment but also annual reports. on career progression, reten- Speaking to businessline, tion, leadership develop- experts suggested the in- ment, workplace flexibility, crease came from the bot- employees. Wipro showed vious years, even a small 3-4 and the ability to keep wo- tom of the talent pyramid even better growth with the percentage point increase in men in the workforce driven by improved availabil- share of women associates the share of women among through mid-career [Showing first 8,000 characters — download PDF for full document]