Integrated Annual Report - FY25-26

protean Ref: Protean/Secretarial/2026-27/38 August 28, 2026 BSE Limited (“BSE”) National Stock Exchange of India Limited P.J. Towers, Dalal Street, Exchange Plaza, C-1, Block G, Fort, Mumbai – 400 001 Bandra Kurla Complex, Bandra (E), Mumbai – 400051, India Scrip Code: 544021 Trading symbol: PROTEAN Dear Sir/Madam, Subject: Integrated Annual Report for the Financial Year 2025-26 Pursuant to the provisions of Regulation 30, 34 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), please find enclosed the Integrated Annual Report for the Financial Year 2025-26 of the Company. In accordance with the relevant circulars issued by Ministry of Corporate Affairs (“MCA”) and Securities and Exchange Board of India (“SEBI”), the Integrated Annual Report is being sent through electronic mode to only those Members of the Company whose e-mail IDs are registered with the Company and/or Depository Participant(s). The Integrated Annual Report is also available on the Company’s website at https://www.proteantech.in/financial-reports/ and on the website of NSDL at www.evoting.nsdl.com. This is for your information and records. Thanking you, Yours truly, For Protean eGov Technologies Limited Maulesh Kantharia Company Secretary & Compliance Officer FCS 9637 Encl.: As above Protean eGov Technologies Ltd. 1st Floor, Times Tower, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013 (CIN L72900MH1995PLC095642) T: +91 22 4090 4242 www.proteantech.in 31st Integrated Annual Report 2025-26 Empowering Digital India SERVING BILLIONS Technology led | Excellence driven | Future focused India’s digital journey is entering a new phase. The focus has moved on from connecting people to digital services to creating intelligent public infrastructure that can anticipate needs, simplify access and deliver trusted services at the scale of a nation. As artificial intelligence, digital identity and interoperable platforms become integral to public service delivery, the quality of the underlying infrastructure will increasingly define the quality of the citizen experience. For more than two decades, Protean has helped build many of the digital foundations that support India’s formal economy, enabling identity, taxation, pensions and financial inclusion at population scale. Today, that role is expanding. We are strengthening core digital public infrastructure, extending our capabilities into emerging national platforms and preparing our technology architecture for a future where intelligence is embedded into every interaction, every workflow and every service. Our journey has always been about enabling trust at scale. Today, as we continue empowering Digital India and SERVING BILLIONS, we are creating digital infrastructure that does far more than process transactions. It connects citizens to opportunities, institutions to intelligence and technology to public purpose, laying the foundation for a more inclusive, resilient and digitally empowered India. Visit our website to know more about us www.proteantech.in elbaT stnetnoC 02-84 85-203 Corporate Overview Statutory Reports 02 About the Report 85 Management Discussion and Analysis 04 Protean at a Glance 116 Directors’ Report 06 Our Journey 146 Corporate Governance Report 08 Our Products and Services 165 Business Responsibility & 12 Key Highlights FY2025-26 Sustainability Report 15 Our Footprint 16 Our Competitive Edge 18 Governance 204-337 20 MD and CEO’s Message 22 Awards and Accolades Financial Statements 24 Value Creation Model 26 Sustainability Governance at Protean 205 Standalone Financial Statements 28 Navigating Risks and Opportunities 270 Consolidated Financial Statements 30 Engaging Stakeholders 34 Evaluating Material Significance 38 Financial Capital 42 Intellectual Capital 48 Human Capital 62 Natural Capital 70 Social and Relationship Capital 84 Corporate Information Protean eGov Technologies Limited Integrated Annual Report 2025-26 About the Report Fortifying a Digital India, Connecting Billions As we present our second Integrated Annual Report for FY2025-26, we do so with the confidence and conviction of an organisation grounded in purpose, progress and partnerships. This report provides a comprehensive outline of our progress towards digitising India utilising e-governance solutions and technological advancements. We stay committed to shaping India’s future trajectory in a way that integrates technology with sustainability, resulting in our robust Environmental, Social and Governance (ESG) strategy that is embedded operation-wide and undertaken in our every strategic decision-making process. The Protean Integrated Report FY2025-26 has been prepared adhering to the International Integrated Reporting Framework, developed by the International Integrated Reporting Council (IIRC), alongside Global Reporting Initiative (GRI). Moreover, the report comprises the Business Responsibility and Sustainability Report (BRSR) prepared in compliance with SEBI regulations. Our contribution towards sustainability stays in line with the United Nations Sustainable Development Goals (UNSDGs). Statements in this Report utilising the words or phrases such as “will”, “would”, “believe”, “may”, “expect”, “continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “strategy”, “philosophy”, “project”, “should”, “will pursue”, and similar expressions or variations of these expressions may constitute “forward- looking statements”. It is paramount that we note that these predictions are based on information that is forward-looking and subject to various risks, uncertainties and other factors causing potential alterations to actual outcomes , thereby, differing substantially from those projected. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, that occur after the date of issuance of this report. protean Corporate Overview Statutory Reports Financial Statements Scope of Reporting Our Capitals Reporting Period Financial The report spans all our financial and non-financial CAPITAL achievements for the period April 1, 2025, to March 31, 2026. Our financial capital approach is steadily built on prudent Reporting Boundary capital allocation, disciplined financial management and The disclosures in the report are made on a consolidated long-term value creation model. This enables us to efficiently basis and include information on the Company’s subsidiaries adapt to evolving market dynamics while delivering enduring Protean Infosec Services Limited, Protean Account enterprise value for all our shareholders. Aggregator Limited and Protean International Dubai Multi Commodities Centre (DMCC). Intellectual CAPITAL Materiality This Report underscores material aspects of our Our intellectual capital steers the development of digital organisation, providin g a comprehensive outline of public infrastructure and all e-governance solutions. Protean’s performance, outlook and overall value creation. Combining technology, domain expertise and strategic It considers all our prominent stakeholders, ensuring full collaborations enable accessible digital ecosystems that disclosure of relevant information. enhance inclusion, improve service delivery and advance financial empowerment. Report Access and Feedback Human 000 Avail access to the digital version of our report on our website at: https://www.proteantech.in/financial-reports/ CAPITAL For addressing with any feedback and queries on this report, Our people remain the organisation’s pillar, cultivating an please contact us at: cs@proteantech.in inclusive workplace from the ground up that values diverse perspectives, ideations, promotes learning and well-being and equips every employee with the confidence to contribute Unpacking Our Strategic Narrative as a Change Engineer in [Showing first 8,000 characters — download PDF for full document]