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Digitide Solutions Limited — Annual Report 2026
May 18, 2026
60108_rns_2026-05-18_aa01fab7-af93-4581-b9ef-28a80d6f1a00.pdf
Annual Report
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May 18, 2026
To, BSE Limited, 1[st] Floor, New Trading Ring, Rotunda Building, PJ Towers, Dalal Street, Mumbai – 400 001 Security Code – 544413
National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051 NSE Symbol – DIGITIDE
Dear Sir/Madam,
Sub: Outcome of the Board meeting of the Company held on Monday, May 18, 2026
This is to inform you that the Board of Directors (“Board”) at their meeting held today, i.e., Monday, May 18, 2026, has inter alia, considered and approved the Annual Audited Financial Results (Standalone and Consolidated) of the Company prepared as per Indian Accounting Standard (Ind-AS) for the fourth quarter and financial year ended March 31, 2026 along with Auditor’s Report thereon with unmodified opinion pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), a copy of which is enclosed herewith.
Further, a declaration as required under Regulation 33(3)(d) of the Listing Regulations signed by the Chief Financial Officer of the Company is also enclosed herewith.
This disclosure is made in compliance with Regulation 30 of the Listing Regulations and will also be made available on the Company’s website: www.digitide.com
The meeting commenced at 07:00 P.M and concluded at 08:50 P.M.
This is for your information and records.
Yours sincerely, For Digitide Solutions Limited
NEERAJ Digitally signed by NEERAJ MANCHAN MANCHANDA DA Date: 2026.05.18 23:06:56 +05'30'
Neeraj Manchanda Company Secretary & Compliance Officer Membership No. A20060
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: 080-6105 6000 | CIN: L62099KA2024PLC184626 | Website: www.digitide.com
Deloitte Haskins & Sells
Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru - 560 001 Karnataka, India
Tel: +91 BO 6188 6000 Fax: +91 80 6188 6011
INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL CONSOLIDATED FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF DIGITIDE SOLUTIONS LIMITED
Opinion and Conclusion
We have (a) audited the Consolidated Financial Results for the year ended 31 March 2026 and (b) reviewed the Consolidated Financial Results for the quarter ended 31 March 2026 (refer 'Other Matters' section below), which were subject to limited review by us, both included in the accompanying "Statement of Consolidated Financial Results for the Quarter and Year Ended 31 March 2026 of Digitide Solutions Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as the "Group"), (the "Statement"), being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "LODR Regulations").
(a) Opinion on Annual Consolidated Financial Results
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the audit reports of the other auditors on separate/consolidated financial statements of subsidiaries referred to in Other Matters section below, the Consolidated Financial Results for the year ended 31 March 2026:
-
(i) includes the financial results of the as specified in Annexure 1 of the report
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(ii) are presented in accordance with the requirements of the LODR Regulations; and
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(iii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group for the year ended 31 March 2026.
(b) Conclusion on Unaudited Consolidated Financial Results for the quarter ended 31 March 2026
With respect to the Consolidated Financial Results for the quarter ended 31 March 2026, based on our review conducted and procedures performed as stated in paragraph (b) of Auditor's Responsibilities section below and based on the consideration of the review reports of the other auditors referred to in Other Matters section below, nothing has come to our attention that causes us to believe that the Consolidated Financial Results for the quarter ended 31 March 2026, prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the LODR Regulations including the manner in which it is to be disclosed, or that it contains any material misstatement.
I
Deloitte Haskins & Sells
Basis for Opinion on the Audited Consolidated Financial Results for the year ended 31 March 2026
We conducted our audit in accordance with the Standards on Auditing ("SA"s) specified under Section 143(10) of the Companies Act, 2013 (the "Act"). Our responsibilities under those Standards are further described in paragraph (a) of Auditor's Responsibilities section below. We are independent of the Group, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (the "ICAI") together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results for the year ended 31 March 2026 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us and the audit evidence obtained by the other auditors in terms of their reports referred to in Other Matters section below, is sufficient and appropriate to provide a basis for our audit opinion.
Management's and Board of Directors' Responsibilities for the Statement
This Statement, which includes the Consolidated Financial Results is the responsibility of the Holding Company's Board of Directors and has been approved by them for the issuance. The Consolidated Financial Results for the year ended 31 March 2026, has been compiled from the related audited consolidated financial statements. This responsibility includes the preparation and presentation of the Consolidated Financial Results for the quarter and year ended 31 March 2026 that give a true and fair view of the consolidated net loss/profit and consolidated other comprehensive loss/income and other financial information of the Group in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations.
The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of this Consolidated Financial Results by the Directors of the Holding Company, as aforesaid.
In preparing the Consolidated Financial Results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.
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Deloitte Haskins & Sells
Auditor's Responsibilities
(a) Audit of the Consolidated Financial Results for the year ended 31 March 2026
Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results for the year ended 31 March 2026 as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Consolidated Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
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Identify and assess the risks of material misstatement of the Annual Consolidated Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls.
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
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Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the LODR Regulations.
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Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
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Evaluate the overall presentation, structure and content of the Annual Consolidated Financial Results, including the disclosures, and whether the Annual Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
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Perform procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the LODR Regulations to the extent applicable.
I
Deloitte Haskins & Sells
- Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Results of the entities within the Group to express an opinion on the Annual Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Annual Consolidated Financial Results of which we are the independent auditors. For the other entities included in the Annual Consolidated Financial Results, which have been audited by the other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
Materiality is the magnitude of misstatements in the Annual Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Consolidated Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Annual Consolidated Financial Results.
We communicate with those charged with governance of the Holding Company and such other entities included in the Consolidated Financial Results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
(b) Review of the Consolidated Financial Results for the quarter ended 31 March 2026
We conducted our review of the Consolidated Financial Results for the quarter ended 31 March 2026 in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the ICAI. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
The Statement includes the results of the entities as listed under paragraph (a)(i) of Opinion and Conclusion section above.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the LODR Regulations, to the extent applicable.
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Deloitte Haskins & Sells
Other Matters
- The Statement includes the results for the quarter ended 31 March 2026 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us.
Our report is not modified in respect of this matter.
- We did not audit the financial statements/ financial information of 7 subsidiaries included in the consolidated financial results, whose financial statements / financial information reflect total assets of Rs. 4,466.64 as at 31 March 2026 and total revenues of Rs 3,061.99 millions and Rs. 11,705.12 millions for the quarter and year ended 31 March 2026 respectively, total net profit after tax of Rs 107.07 millions and Rs 106. 77 millions for the quarter and year ended 31 March 2026 respectively and other comprehensive loss of Rs 16.13 millions and Rs. 6.16 millions for the quarter and year ended 31 March 2026 respectively and net cash flows of Rs. 222.85 millions for the year ended 31 March 2026, as considered in the Statement. These financial statements / financial information have been audited by other auditors whose reports have been furnished to us by the Management and our opinion and conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of the other auditors and the procedures performed by us as stated under Auditor's Responsibilities section above.
Our report on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors.
- The consolidated financial results includes the unaudited financial information of 3 subsidiaries, whose financial information reflect total assets of Rs. 236.46 million as at 31 March 2026 and nil revenue for the quarter and year ended 31 March 2026 respectively, total net loss after tax of Rs 3.15 millions and Rs. 6.85 millions for the quarter and year ended 31 March 2026 respectively and other comprehensive loss of Rs 5.56 millions and nil for the quarter and year ended 31 March 2026 respectively and net cash outflows of Rs. 0.41 millions for the year ended 31 March 2026, as considered in the Statement. These financial information are unaudited and have been furnished to us by the Management and our opinion and conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on such unaudited financial information. In our opinion and according to the information and explanations given to us by the Board of Directors, these financial information are not material to the Group.
Our report on the Statement is not modified in respect of the above matter with respect to our reliance on the financial information certified by the Board of the Directors.
For DELOITTE HASKINS & SELLS Chartered Accou tants �0725) �rvinder Singh Partner Membership No.110128 UDIN: 26110128CETTFR7307
Place: Bengaluru Date: 18 May 2026
Deloitte Haskins & Sells
Annexure 1:
| Annexure 1: | |||
|---|---|---|---|
| Nature | S. No. | Entity Name | |
| Subsidiaries/ step down subsidiaries |
1 | Alldigi Tech Limited |
|
| 2 3 |
Alldigi Tech Inc,USA |
||
| Alldigi Tech Manila Inc., Philippines | |||
| 4 | |||
| 5 | |||
| 6 | |||
| 7 8 9 |
|||
| 10 | |||
| 11 |
I
| Registered Ofice: �cw Municipal | Registered Ofice: �cw Municipal | Registered Ofice: �cw Municipal | Registered Ofice: �cw Municipal | Registered Ofice: �cw Municipal | Registered Ofice: �cw Municipal | Digitide So �o.1 SS Plaza29Ma Bangalore South, K Cl::o.L62099 |
Digitide So �o.1 SS Plaza29Ma Bangalore South, K Cl::o.L62099 |
lutions Limited in, RdBTMLayout 1st stage Ring Rd, Madivala, Bangalore, arnataka, India-560068 KA2024PLC184626 |
lutions Limited in, RdBTMLayout 1st stage Ring Rd, Madivala, Bangalore, arnataka, India-560068 KA2024PLC184626 |
lutions Limited in, RdBTMLayout 1st stage Ring Rd, Madivala, Bangalore, arnataka, India-560068 KA2024PLC184626 |
lutions Limited in, RdBTMLayout 1st stage Ring Rd, Madivala, Bangalore, arnataka, India-560068 KA2024PLC184626 |
lutions Limited in, RdBTMLayout 1st stage Ring Rd, Madivala, Bangalore, arnataka, India-560068 KA2024PLC184626 |
lutions Limited in, RdBTMLayout 1st stage Ring Rd, Madivala, Bangalore, arnataka, India-560068 KA2024PLC184626 |
lutions Limited in, RdBTMLayout 1st stage Ring Rd, Madivala, Bangalore, arnataka, India-560068 KA2024PLC184626 |
lutions Limited in, RdBTMLayout 1st stage Ring Rd, Madivala, Bangalore, arnataka, India-560068 KA2024PLC184626 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stul«mCn1of consolidated unaudited fnancial results for theouartua SI. :o. Particulars |
n | d**\'c ** | nrended 31March | 2026 ConsolldOI |
(L**1Rm mfluM] Od** |
||||||||||
| Qu.rter ended | Vc.u ended | ||||||||||||||
| Ya,ch 2026 (Reier Nole 2) |
December2025 | March2025 | March2026 | Foi the period ended 10 February2024to31 March 2025(Fhu1m:h1I ,·t.rl |
|||||||||||
| (Unaudited) | (Refer Note3) 7,325.22 63.33 |
(Audited) | (Audited) |
||||||||||||
| I | Income a) Revenue fom operations b) OLhcr income |
7,999.52 51,99 |
7,803,03 33.91 |
30,801,8 I 163.58 |
32,687.27 192.26 |
||||||||||
| Total income Ca+ bl Expenses a) Costofmaterial and storesandspare parts consumed b) Employee hencfits expense e) Finance cosls d) Deprecialion and amorlisaLion expense e) Other expenses |
8.051.51 | 7.836.94 | 7.388.55 | 30.965.39 22.711,85 510.26 2,121.67 �.65831 |
32,879.53 14,26 23,\ 62,57 483.56 2,207.75 4.782 38 |
||||||||||
| 2 | 5,911,75 146.60 664.08 l,208,7Q |
. 5,754 84 120.13 490.53 1.172,71 |
5,345.50 105.25 487.93 1,160.54 |
||||||||||||
| Total expenses(a+ b +c+ d +c) | 7.931.22 | 7.538.21 | 7.099.22 | 30.002.09 | 30.650.52 |
||||||||||
| 3 4 5 6 7 M |
Proft before exceptional items and tax (l - 2) Exceptional items loss (refer note 6) (Lnss)/proft before tax(3 - 4) Tax (expense)/credit Current lax Income tax relating to previous year Deterred tax Tax (expense)/credit ( Loss)/proft for the period(5+6) Other comprehensive (loss)/incomc (i) Items 1/,ot ivifl not he reclass(/ied rhsequent!y to profit o,• /oss Re-measurement (losses)/ gain on dclincd bcnclil plans Income tax relating to items that will nol be rer:lassified Lo prott ( ) Items that will he rec!a-mfled suhseq11e111(v to profit or loss Foreigexchange differences on lranslaling fnancial statemenLs Net change in fir value of forwan.l conlracts designated as cash Im:omc tax relating to items thatwillbe reclassified to profit or l Other comprehensive (loss)/income for the period, net of taxes Total comprehensive(loss)/ income for theperiod(7 +8) |
or loss of foreign operalions flow hedgls oss |
120.29 161, 18 (40.89) (138,09) 70,49 58,44 (9.16) (50.05) (64.26) 16,88 65,75 (48,04) 6,99 (22.68) |
298.73 258.59 40.14 (120.90) (2.36) 61.62 (60.64) (20.50) 148.27 (37.24) 24_31_ (4.4) 1.00 132.31 |
289.33 294,98 (5.65) (23.3 I l 15,08 (8.23) (13.88) (29 38) 2 �I 3 27 . (23.70) |
963.30 647.59 315.71 (449 88 68 13 121 49 (2611.26 55.45 61.80 ( 14.48 162 54 (58 67 9.69 160.88 |
2,229.01 278 79 1,950.22 ) (586 75) 7 19 6.82 ) (572.74) 1,377.48 (5364) ) 702 50 73 ) . . 4.11 |
||||||||
| 9 | (72.73 ( 126,96 76.91 |
) | 111.81 | (37.58) | 216.33 | 1.381.59 |
|||||||||
| 10 II 12 13 14 |
(Loss)/proft attributable to: Owners of the Company Non-controlline inleresLs Total (loss)/oroft for the period Other comprehensive income/{loss) attributable to: Owners or the Company Non-controllinginleresl Total other comprehensin (loss)/income for the period Total comprehensive (loss)/income attributable to: Owners of the Company Non-controlling interests Total comprehensive (loss)/income for the period Paid-up equity share capital (Face value offNR I 0.00per share) Reseres i.c. Olhcr equity |
) |
(76.05) 55 55 |
(92,91) 79,03 |
(163 50 218.95 |
) 1,155.77 2?\,71 |
|||||||||
| (50.05 | ) | (20.50} | (13.88) | 55.45 | 1.377.48 |
||||||||||
| (20,33) 12,35) (22.68) |
13 I,72 0,59 132.31 |
(20,72) 159.07 (2,98) 1.8 (23.70) 160.8 |
6,00 1 ( 1,89) 8 4.11 |
||||||||||||
Total other comprehensin (l Total comprehensive (loss)/inco Owners of the Company Non-controlling interests Total comprehensive (loss)/in Paid-up equity share capital (Face value offNR I 0.00per sha Reseres i.c. Olhcr equity |
oss me |
||||||||||||||
| 1147,29 74,56 |
) |
55.66 56.15 |
I 113 63) (4 43 76.05 22076 |
) 1,161.77 219,82 |
|||||||||||
| co re) |
me for the period |
(72.73 1,490,01 |
) |
111.81 1,489.49 (noL annualised) |
(37.58) 216.3 1,489,49 1,490 0 6,891.08 (not annualised) (annualised (0.62) (1.10 |
3 1,381.59 1 1,489.49 6,829,97 |
|||||||||
| 15 |
!1.n;�)e,mln� p eqully ,han: (a) Basic (in INR) (bl Diluted lin rNRl* |
(nol annualised | ) | ) (annualised) |
|||||||||||
| (0,85 | ) | (0.51) | ) 7.78 |
||||||||||||
| (0,85 | l | (0.51) | (0.62) (1.10) 7.72 |
||||||||||||
| S;ccnmp.n)11ng nolcs lo the lm:mc{1 ruu | h� |
*Since Bas;c F.PS is 11ega1h·e, the Diluted Los� pe,·share wiil be same as Basic loss per share fo,· the qrwrter ended Marci, 2025, December 2025 and Marci, 2026 and ve1.1r ended JI ,Ware h 2026�
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/
| Digitide Solutions Limited Registered Offce: New Municipal No.I SS Plaza 29 Main, Rd BTM Layout 1st stage Ring R Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC184626 Consolidated Balance Sheet as at 31 March 2026 Particulars A I 2 B I 2 3 ASSETS Non-current assets Property, plant and equipment Right-of-use assets Capital work-in-progress Goodwill Other intangible assets Intangible assets under development Financial assets Investments Other financial assets Deferred tax assets (net) Income tax assets (net) Other non-curent assets Total non-current assets Current assets Investments Trade receivables Billed Unbilled Cash and cash equivalents Bank balances other than cash and cash equivalents above Loans Other financial assets Other current assets Total current assets Total Assets EQUITY AND LIABILITIES Equity Equity share capital Other equity Total equity attributable to equity holders of the Company Non-controlling interests Total equity Liabilities Non-current liabilities Financial liabilities Borrowings Lease liabilitites Non-curent provisions Total non-current liabilities Current liabilities Financial liabilities Borowings Trade payables Lease liabilities Other financial liabilities Income tax liabilities (net) Curent provisions Other current liabilities Total current liabilities Total Liabilities Total Eauitv and Liabilities See accompanying notes to the fnancial results I |
d, Madivala, Bangalore, As at 31 March 2026 (JNR in millions) As at 31 March 2025 |
d, Madivala, Bangalore, As at 31 March 2026 (JNR in millions) As at 31 March 2025 |
|---|---|---|
| (Audited) 1,935.07 4,274.65 18.59 2,236.34 319.86 22.37 15.28 416.48 540.97 452.23 154.69 10.386.53 |
(Audited) 1,670.28 2,609.66 63.48 2,126.73 427.91 26.08 15.47 510.77 421.67 200.10 190.80 8.262.95 |
|
| 591.19 4,467.20 2,118.60 1,934.96 42.87 1.25 283.13 533.11 9.972.31 |
827.26 4,352.27 1,193.90 1,835.56 8.57 1.36 201.38 534.76 8.955.06 |
|
| 20 358.84 1,490.01 6.891.08 |
17.218.01 1,489.49 6,829.97 |
|
| 8,381.09 780.32 9.161.41 |
8,319.46 802.95 9.122.41 |
|
| 414.72 3,306.71 710.95 4,432.38 329.66 681.21 1,257.36 3,772.09 20.56 175.41 528.76 6,765.05 11.197.43 20.358.84 50.77 1,904.79 391.84 2,347.40 579.35 741.46 1,004.34 2,448.32 112.26 179.29 683.18 5,748.20 8.095.60 17..218.01 |
| Rcgistcnd Ofce: Ne" Municipal Consolidated statement of cash fows for the year ended 31 |
Rcgistcnd Ofce: Ne" Municipal Consolidated statement of cash fows for the year ended 31 |
Digitidt Solutions Limited io.1 SS Pla7. 29 "lain, Rd BT\ Layout 1st Bangalnrc South, Karnalaka, lndia-56006 CIN lo. L62099KA2024PLC184626 March 2026 |
stage Ring Rd, "ladivale, Bangalore, M (Amount in I. |
stage Ring Rd, "ladivale, Bangalore, M (Amount in I. |
stage Ring Rd, "ladivale, Bangalore, M (Amount in I. |
VR millions) |
|---|---|---|---|---|---|---|
| Particulars Cash fows from operating activities Proft after Tax Adjustments to reconcile net proft to net cash provided by operating activities: Tax expense Interest on income tax rcrunds Exceptional items lnlcrcsl income on term deposits Proft/ (loss) on sale of p1opery, plant and equipment, net Gain on sale of investments in mutual funds fair value loss/(gain) on fnancial assets designated at fair value through profit or loss Employee slack option cost Finance costs Depreciation and arori�ation expense Expected (reversal) credit /allowance on financial asscls Foreign exchange (gain)/loss, ncl Operating proft before working capital changes Changes in operating assets and liabilities Changes in lradc receivables and unbilled revenue Changes in loans, other fnancial assets and other assets Changes in trade payables Changes in oLher fnancial liabilities. other liabilities and provisions Cash generated from operations Income tax paid, net N ct cash fows from operating acti\·itics (A) Cash fows from investing activities Expenditure on propery, plant and equipment and intangibles Proceeds rrom �ale or property plant and equipment Net proceeds fom sale / (purchast) of curent [nvestments in mutual fund, nd Payment towards Security deposit Redemption/ (Placement) of bank deposits (net) Procleds from sale of division of a subsidiary Interest rcc�ivcd on term deposits Net cash used in investing activities (8) Cash fo\s from fnancing acti\•itics Repayments of long term borrowings Proceeds from shor ter borrowings, net Proceeds from share applicalion money pending allolment Repayment of lease liabililies Payment of dividend to non-controlling interesL of subsidiar lnh:rest paid Net ca.h used in lnancing activities (C) Net incrcac/(dccrcasc) in cash and cash equivalents (A+B+C) Cash and cash cquivalcnls lransrcred due Lo scheme of arrangement (Refer nolc 7) Cash and cash equivalents at the beginning of the period Effccl or exchange mlc nucLuaLions on cash and cash cquivalenls Cash and cash eauivalents at the end of the oeriod Components or cash and cash equivalents : Particulars |
For the Year ended 31 March 2026 For the period ended 10 (Audited) February 2024 to 31 March 2025 (Financial year) (Audited) |
|||||
| 55.5 1,377.8 260 26 572.76 (21,86) 41213 48 27 (46.76) (60,70) (2.60) (9.16) (93 23) 43.68 (38,07) 48.45 51.75 510.26 483.56 2,121.67 2,207.75 (77 79) 182.36 (53.85) (20,99) |
||||||
| 3,177.77 (961.84) (30 88) (60.25) 1,228.48 |
4,773.15 (555.63) 329 44 302.42 (733.50) |
|||||
| 3,353.28 (728.18) |
4,115.88 (431.45) |
|||||
| 2,625.10 (1,053.23) 2,60 285.81 (43.42) 125.14 65,85 (617.25) |
3,684.43 | |||||
(797 4) 17.66 (226 37) - ( 180.61) 227 20 13,11 1946.45) |
||||||
| 363.95 (249.69) 1.41 (1,680.81) (236,72) (106.59) (1.908.45) |
33.19 (654.71) (1,713.77) ( 180. ) (78.95) [2.594.68) |
|||||
| 99.40 143.30 - 1,692.97 1,835.56 (0 71) |
||||||
| 1.934.96 1.835.56 (Amoum in INR millions) l'or lheyc:r r111Jc |
||||||
| Particulars | ||||||
| 31 March 2026 (Audiled) |
For the period ended 10 February 2024 to 3IMarch 2025 (Financial year) (Audited! |
|||||
| Cash and cash equivalents Cash in hand Balances with banks In currenl accounts In EEFC accounts Cash and cash eouivalents as oer |
consolidated balance sheet | 0.12 1,932.98 1.86 |
010 1,811.12 24 34 |
|||
| 1.934.96 | 1,835.56 |
See accompanying notes to the financial result.;.
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| Digitide Solutions Limited Registered Ofice: New Municipal No.I SS Plaza 29 Main, Rd BTM Layout 1st stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC184626 Statement of consolidated unaudited segment wise revenue, results, assets and liabilities fr the quarter and year ended 31 March 2026 (INRin million) |
Digitide Solutions Limited Registered Ofice: New Municipal No.I SS Plaza 29 Main, Rd BTM Layout 1st stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC184626 Statement of consolidated unaudited segment wise revenue, results, assets and liabilities fr the quarter and year ended 31 March 2026 (INRin million) |
Digitide Solutions Limited Registered Ofice: New Municipal No.I SS Plaza 29 Main, Rd BTM Layout 1st stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC184626 Statement of consolidated unaudited segment wise revenue, results, assets and liabilities fr the quarter and year ended 31 March 2026 (INRin million) |
Digitide Solutions Limited Registered Ofice: New Municipal No.I SS Plaza 29 Main, Rd BTM Layout 1st stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC184626 Statement of consolidated unaudited segment wise revenue, results, assets and liabilities fr the quarter and year ended 31 March 2026 (INRin million) |
Digitide Solutions Limited Registered Ofice: New Municipal No.I SS Plaza 29 Main, Rd BTM Layout 1st stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC184626 Statement of consolidated unaudited segment wise revenue, results, assets and liabilities fr the quarter and year ended 31 March 2026 (INRin million) |
Digitide Solutions Limited Registered Ofice: New Municipal No.I SS Plaza 29 Main, Rd BTM Layout 1st stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC184626 Statement of consolidated unaudited segment wise revenue, results, assets and liabilities fr the quarter and year ended 31 March 2026 (INRin million) |
|---|---|---|---|---|---|
| SI. No. Particulars |
Consolidated Quarter ended Year ended |
Consolidated | |||
| Year ended | |||||
| March 2026 | December 2025 | March 2025 |
For the period ended 10 February 2024 to 31 March 2026 March 2025 (Financial year) |
||
| (Refer Note 2) 5,507.62 2,491.90 |
(Unaudited) | (Refer note 3) | (Audited) (Audited) |
||
| I Segment revenue a) Business Process Management b)Tech and Digital |
5,448.19 2,354.84 |
5,366.15 1,959.07 |
21,700.11 23,930.03 9,101.70 8.757.24 |
||
| Total Income from operations | 7,999.52 | 7,803.03 | 7,325.22 | 30,801.81 32,687.27 |
|
| 2 Segment results a) Business Process Management b)Tech and Digital |
897.13 300.56 |
855.41 226.02 |
771.93 179.94 |
3,489.82 4,017.87 933.39 1,088.61 |
|
| Total | 1,197.68 | 1,081.43 205.95 490.53 120.13 33.91 |
951.87 | 4,423.20 5,106.48 |
|
| Less: (i) Unallocated corporate expenses Less: (ii) Depreciation and amortisation expense Less: (iii) Finance costs Add: (iv) Other income Profit before exceptional items and tax Less: Exceptional items(refer note 6) |
318.69 664.09 146.60 51.99 |
132.69 487.93 105.25 63.33 |
991.54 378.42 2,121.68 2,207.75 510.26 483.56 163.58 192.26 |
||
| 120.29 161.18 (40.89) |
298.73 258.59 |
289.33 294.98 |
963.30 2,229.01 647.59 278.79 315.71 1,950.22 |
||
| Totalproft before tax | 40.14 | (5.65) | |||
| 3 Segment assets a) Business Process Management b) Tech and Digital c)Unallocated |
12,991.19 4,001.96 3,365.69 |
11,239.25 4,214.95 2,957.14 |
10,314.82 3,289.68 3,613.51 |
12,991.19 10,314.82 4,001.96 3,289.68 3,365.69 3,613.51 20,358.84 17,218.01 6,777.56 6,124.65 1,994.91 941.70 2,424.96 1.029.25 |
|
| Total | 20,358.84 | 18,411.34 | 17,218.01 | ||
| 4 Segment liabilities a) Business Process Management b) Tech and Digital c)Unallocated |
6,777.56 5,762.67 1,994.91 1,922.25 2,424.96 1,395.16 |
6,124.65 941.70 1,029.25 |
|||
| Total | 11,197.43 9,080.08 |
8,095.60 | 11,197.43 8,095.60 |
Sec accompanying notes to the financial results
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Appcndi, • I
Nature S. No. Entity name
Subsidiary/Step-subsidiary: I Alldigi Tech Limited
2 Alldib� Tech Inc. USA
3 Alldigi Tech Manila Inc., Ph1hppines . . . .
4 BrainhWiter Systems Limited
5 Heptagon Technologies Private L1m1tcd . .
6 MFXchange US. Inc.
7 MFXchange Holdings. Inc.
8 Mindwire Systems Limited
9 Quess Corp (USA) Inc
10 Qucss GTS Canada Holdings Inc
II Digitide IT Solutions L.L.C S.O.C
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Digitidc Solutions Limited Registered Office: New Municipal No.I SS Pliil7.a 29 Main, Rd BTM Layout 1st stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnatal<Jl, India -S60068 Cl:-1 No. L62099KA2024PLCl84626
:-lotes for the quarter and the year ended 31 March 2026:
-
The consolil1atl!d financial results of Digitidc Solutions Limited ("the Company") including ils subsidiaries (colleclively known as the "Group[11] ) (as mentioned in Appendix J to these notes) for the quarter and year ended 31 March 2026 have been recommended by the audit committe and approved by the Board at their respective mcl!ting held on 18 May 2026. The statutory auditors have expressed an unqualified review conclusion on the financial results for the quarter ended 31 March 2026 and have cxprc�scd an unqualified opinion on the financial results for the year ended 31 March 2026. These consolidated financial results have been extracted Ii-om the consolidated financial infom1ation.
-
2 The Slalemenl includt!s lhe results for lhe quarter ended 3 I March 2026, being lhe balancin� ligure of audile.J figures in respecl of lhe full financial year and published unaudited year-lo-dale figures upto the end of the third quaner of the financial year
-
3 The Stalemenl includt!� the results for the quarter endi!d 31 March �025 being the halancing figures in respect of the full financial year and audited fib'llrcs in respect of the period ended 31 December 2024 after giving effect lo the Scheme of Arrangement as ex.plained in Note 7 Audit for the period 10 February 2024 10 3 I December 2024 was conducted for ihe purpose of filing the Information Memorandum.
-
-I The consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in the applicable accowuing standards prescribed wider Section 133 of the Companies Act. 2013, read with the Companies (Im.lian Accounting Standards) Rules, 2015. as amended, and in terms of Reb'lllation 33 of the SEBI (Listing Obligations and Disclosure Requirement.:;) Regulations, 2015, as amended,
-
5 The Company gol listed on Bombay Stock Exchange ("BSE") and National Stock Exchange ("NSE") on 11 June 2025 . The consolidated audited financial results and the review reporl of the Sialutory Auditors is being filed with BSE and NSE and will be made available on the Company's website www .digitide.com.
-
6 Effective 11 November 2025. the Government of [ndia notified tht four new Labour Codes. replacing the existing 29 labour laws. Based on the guidam:c issued by the Institute of Chartered Accountants of India, along wilh the Central Rules and FAQs released by the Ministry of Labour & Employmem, the Group has assessed and disclosed the incremental impact on its employee benefit liabilities arising from these changes using the best infonnafion currently available
-
The Group has considered restructured compensation of ils employees with effect from April I st, 2026. and assessed the impact of the changes. consi-,tent with the Labour Codes, rules and FAQs. Considcring the materiality am.I regulatory <lrivcn. non-recurring nature of thi, impact. the Group has presented incremental impact of INR 158 45 million and INR 412,23 million ,elated lo Employee Benefit Obligations under "Exceptional item" in the consolidated financial results for quarter and year ended Ma1ch 31. 2026 respectively.
-
During the quarter and year ended 31 March 2026, the Group incurred cenain demerger expenses. professional services and stamp duly aggregating to INR 2.70 millions and INR 235.36 millions, respectively, whi1.:h have been included under "Ex1..:eptional items ...
-
7 In accordance with the composite scheme of arrangement between Quess Corp Limited ("Demerged Company"), Oigilide Solutions Limited ("Resulting Company I•·) and Bluspring Enterprises Limited ("Resulting Company T') and their respective shareholders and creditors (reterred a.o; "'Scheme of Arrangement") the demerged Comp.any carried out the activitie!. of Transferred Businesses I (including its subsidiaries) in trust for the Company upto effective date i.e. 31 March 1025. The comparative financial infonnation of the Company have been prepared as of and for the period from 10 Fcbruury 2024 (Date of lncorpomlion) to 31 March 2025, in acconJancc with Appendix l' to Ind AS 103 "Business Combinations" by using 1he financial information maintained by the Demerged Company.
-
8 Alldigi Tech Limited. a subsiJiary or Lhe company has opled to avail deduclion under Seclion 80M or Income Tax. Act, 1961 in respecl or dividend income received rrom its wholly owned subsidiary, Alldigi Tech Manila Inc., Philippines. Consequently, Alldigi Tech Limited was creating provision for tax against Foreign Tax Credit claim on such dividend income for FY 2022-23 to FY 2025-16. Considering favourable conclw:ion of the scrutiny assessment proceedings for FY 2022-23 and expiry of the statutory lime limit for scrutiny assessment for FY 2023-24, the provision created towards Foreign Tax Credit claim for FY 2022-23 and FY 2023-24 amounting lo INR 103.10 million was reversed during the current quarter ended 31 March 2026.
-
9 The Group has incorporated a wholly owned subsidiary '"Digitide IT Solutions L.L.C S_O.C" in the mainland of Dubai, United Arab Emirates on March 11. 2026. with an authorized capital of AED 300.000. This entity will be engaged in the business of providing IT services and infrastructure support services to its customers.
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for and on behalf of Board of Din:c1or.< of
C/riefF.:xu.<.,•ll\' Offk-er and Executive Directu,�
DIN: 10997957
Place: llcngaluru
Dale: 18 May 2026
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Deloitte Haskins & Sells
Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru - 560 001 Karnataka, India
Tel: +91 80 6188 6000 Fax: +91 80 6188 6011
INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL STANDALONE FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF DIGITIDE SOLUTIONS LIMITED
Opinion and Conclusion
We have (a) audited the Standalone Financial Results for the year ended 31 March 2026 and (b) reviewed the Standalone Financial Results for the quarter ended 31 March 2026 (refer 'Other Matters' section below), which were subject to limited review by us, both included in the accompanying "Statement of Standalone Financial Results for the Quarter and Year Ended 31 March 2026" of Digitide Solutions Limited (the "Company"), (the "Statement"), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "LODR Regulations").
(a) Opinion on Annual Standalone Financial Results
In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results for the year ended 31 March 2026:
-
i. are presented in accordance with the requirements of the "LODR Regulations"; and
-
ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information of the Company for the year then ended.
(b) Conclusion on Unaudited Standalone Financial Results for the quarter ended 31 March 2026
With respect to the Standalone Financial Results for the quarter ended 31 March 2026, based on our review conducted as stated in paragraph (b) of Auditor's Responsibilities section below, nothing has come to our attention that causes us to believe that the Standalone Financial Results for the quarter ended 31 March 2026, prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the "LODR Regulations" including the manner in which it is to be disclosed, or that it contains any material misstatement.
Basis for Opinion on the Audited Standalone Financial Results for the year ended 31 March 2026
We conducted our audit in accordance with the Standards on Auditing ("SA"s) specified under Section 143(10) of the Companies Act, 2013 (the "Act"). Our responsibilities under those Standards are further described in paragraph (a) of Auditor's Responsibilities section below. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (the "ICAI") together with the ethical requirements that are relevant to our audit of the Standalone Financial Results for the year ended 31 March 2026 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics.
f
Deloitte Haskins & Sells
We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Management's and Board of Directors' Responsibilities for the Statement
This Statement which includes the Standalone Financial Results is the responsibility of the Company's Board of Directors and has been approved by them for the issuance. The Standalone Financial Results for the year ended 31 March 2026 has been compiled from the related audited standalone financial statements. This responsibility includes the preparation and presentation of the Standalone Financial Results for the quarter and year ended March 31, 2026 that give a true and fair view of the net profit and other comprehensive loss/income and other financial information in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and is free from material misstatement, whether due to fraud or error.
In preparing the Standalone Financial Results, the Board of Directors is responsible for assessing the Company's ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors is also responsible for overseeing the financial reporting process of the Company.
Auditor's Responsibilities
(a) Audit of the Standalone Financial Results for the year ended 31 March 2026
Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results for the year ended 31 March 2026 as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Standalone Financial Results.
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Deloitte Haskins & Sells
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the Standalone Financial Results for the year ended 31 March 2026, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
-
Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the LODR Regulations.
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the Annual Standalone Financial Results, including the disclosures, and whether the Annual Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Results of the Company to express an opinion on the Annual Standalone Financial Results.
Materiality is the magnitude of misstatements in the Annual Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Standalone Financial Results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Annual Standalone Financial Results.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.
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Deloitte Haskins & Sells
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
(b) Review of the Standalone Financial Results for the quarter ended 31 March 2026
We conducted our review of the Standalone Financial Results for the quarter ended 31 March 2026 in accordance with the Standard on Review Engagements ("SRE") 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the ICAI. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Other Matter
- The Statement includes the results for the quarter ended 31 March 2026 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us. Our report is not modified in respect of this matter.
For DELOITTE HASKINS & SELLS Chartered Accountants Firm's Registration No. 0080725
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Gurvinder Singh Partner Membership No.110128 UDIN: 26110128KUDWAT2045
Place: Bengaluru Date: 18 May 2026
| Statem | Digitide Solutions Limited Registered Orce: New Municipal No. I SS Plaza 29 Main, Rd BTM Layout Isl stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC 184626 ent of standalone fnancial results for thequarter and vear ended ended 31 March 2026 (/NII in 11111/,ons except per share data) |
Digitide Solutions Limited Registered Orce: New Municipal No. I SS Plaza 29 Main, Rd BTM Layout Isl stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC 184626 ent of standalone fnancial results for thequarter and vear ended ended 31 March 2026 (/NII in 11111/,ons except per share data) |
Digitide Solutions Limited Registered Orce: New Municipal No. I SS Plaza 29 Main, Rd BTM Layout Isl stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC 184626 ent of standalone fnancial results for thequarter and vear ended ended 31 March 2026 (/NII in 11111/,ons except per share data) |
Digitide Solutions Limited Registered Orce: New Municipal No. I SS Plaza 29 Main, Rd BTM Layout Isl stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC 184626 ent of standalone fnancial results for thequarter and vear ended ended 31 March 2026 (/NII in 11111/,ons except per share data) |
Digitide Solutions Limited Registered Orce: New Municipal No. I SS Plaza 29 Main, Rd BTM Layout Isl stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC 184626 ent of standalone fnancial results for thequarter and vear ended ended 31 March 2026 (/NII in 11111/,ons except per share data) |
Digitide Solutions Limited Registered Orce: New Municipal No. I SS Plaza 29 Main, Rd BTM Layout Isl stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC 184626 ent of standalone fnancial results for thequarter and vear ended ended 31 March 2026 (/NII in 11111/,ons except per share data) |
Digitide Solutions Limited Registered Orce: New Municipal No. I SS Plaza 29 Main, Rd BTM Layout Isl stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC 184626 ent of standalone fnancial results for thequarter and vear ended ended 31 March 2026 (/NII in 11111/,ons except per share data) |
Digitide Solutions Limited Registered Orce: New Municipal No. I SS Plaza 29 Main, Rd BTM Layout Isl stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC 184626 ent of standalone fnancial results for thequarter and vear ended ended 31 March 2026 (/NII in 11111/,ons except per share data) |
Digitide Solutions Limited Registered Orce: New Municipal No. I SS Plaza 29 Main, Rd BTM Layout Isl stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC 184626 ent of standalone fnancial results for thequarter and vear ended ended 31 March 2026 (/NII in 11111/,ons except per share data) |
|---|---|---|---|---|---|---|---|---|---|
isl. No |
Pariculars Income a) Revenue from operations blOther income |
Standalone | |||||||
| Quarter ended Year Ended |
|||||||||
| 31 March2026 | 31 December 2025 | For the period ended 10 31 March 2025 31 March 2026 Februar 2024 to 31 March 2025 (Financial year) |
|||||||
| (Refer Note 2) | (Unaudited) | (Refer Note 3) | (Audited) (Audited) |
||||||
| I | 4,978 18 36533 |
4,957,92 10.70 |
4,628 40 19 40 |
19,339.22 742.1 |
20,672 44 574 19 |
||||
| Total income (a+ b) | 5,343.51 | 4,968.62 | **4,647.80 ** | 20.081.63 |
21.246.63 | ||||
| 2 | Expenses a) Cost of material and stores and spare parts consumed b) Employee benefts expense c) Finance costs d) Depreciation and amorisation expense e)Other exoenses |
- 3,830 74 111 27 466 34 682 02 |
- 3,720 21 91 91 309 19 719 06 |
3,428 92 78 88 293 50 649.15 |
- 14,67772 387.94 1,388 10 2.734.72 |
14.26 15,067 06 383 33 1,418 91 2.682.15 |
|||
| Total expenses (a+ b+ c + d+ e) | 5,090.37 | 4,840.37 | **4,450.45 ** | l 9,188A8 | 19,565.71 | ||||
| 3 4 5 6 7 8 9 |
Proft before exceptional items and tax (I - 2) Exceptional items loss_(refer note_6) Proft/(loss) before tax (3 - 4) Tax (expense)/credit Current tax Income tax relating to previous year Deferred tax Tax (expense)/credit |
253.14 128.25 197.35 123 20 218 41 286 97 129.94 (90.16) (89.62) (61.88) (44.70) 10.97 (32.60) - - 33 07 53.70 18 22 (61.41) 9.00 29.19 |
893.15 569 44 323.71 (168 73) (32.60) 89.57 (111. 76) |
1,680.92 462 69 1,218.23 (293.00) 7.20 10.91 (274.89) |
|||||
| Proft/(Loss) for theperiod(5+6) | 68.53 | (81.16) (60.43) |
211.95 | 943.34 | |||||
| Other Comprehensive (loss)/income Items that will not be reclassifed subsequently to proft or loss Re-measurement gain/(losses) on defned beneft plans Income tax relatingto items that will not be reclassifed toproft or loss |
(75 03) 18.88 |
0.02 147 96 (16 33) (37 23) 4,02 |
53,91 (13.56) |
(27 69) 6.88 |
|||||
| Total Other Comprehensive(loss)/income | (56.15) | 110.73 (12.31) |
40.35 | **(20.81) ** | |||||
| Total comorehensive income/loss for the oeriod (7+8) Paid-up equity share capital (Face value oflNR 10.00 per share) Reseres i.e. Other equity |
12.38 1,490 11 |
29.57 (72.74) 1,489 49 1,489.9 |
252.30 1,490.11 7.500.49 |
922.53 | |||||
| 10 II 12 |
1,489.9 7,189.34 |
||||||||
Eamin!l(loss)per equityshare |
(not annualised) | (notannualised) [not annualised) |
(annualised) |
(annualised) | |||||
| (a) Basic (in lNR) [b) Diluted [in INR)* |
0 46 0.6 |
(0.54) (0.1) (0 54) (0 41) |
1.42 1.2 |
6.35 6,30 |
See accompanying notes to the standalone financial results
* Smee Ba.1·1c HI'S 1s negative, the /Jiluted /0.11· per share w,/1 he same a.1·** Basic loss per share for the quarter ended 3/ /Jecemher 2025 and 3/ March 2025
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Digitide Solutions Limited Registered Oflice:New Municipal No.I, Sri Subramanya Plaza,29th Main road, BTM Layout Isl stage, Ring road, Bengaluru Bengaluru urban, Karnataka -560068 CIN No. L62099KA2024PLC184626
| Standalone Balance Sheet as at 31 March 2026 Particulars A ASSETS 1 Non-current assets Property, plant and equipment Right-ofuse assets Capital work in progress Goodwill Other intangible assets Intangible assets under development Financial assets Investments Other fnancial assets Defered tax assets (net) Income tax assets (net) Other non-current assets Total non-current assets 2 Current assets Financial assets Trade receivables Billed Unbilled Cash and cash equivalents Bank balances other than cash and cash equivalents above Other financial assets Other current assets Total current assets 3 Total Assets (1+2) B EQUITY AND LIABILITIES 1 Equity Equity share capital Other equity Total Equity 2 Liabilities Non-current liabilities Financial liabilities Borrowings Lease liabilities Non-curent provisions Total non-current liabilities 3 Current liabilities Financial liabilities Borrowings Lease liabi I ities Trade payables Total outstanding dues of micro enterrises and small enterrises Total outstanding dues of creditors other than micro enterprises and small enterprises Other financial liabilities Current provisions Other current liabilities Total current liabilities 4 Total Liabilities (2+3) 5 Total Equity and Liabilities (1+4) |
Standalone Balance Sheet as at 31 March 2026 Particulars A ASSETS 1 Non-current assets Property, plant and equipment Right-ofuse assets Capital work in progress Goodwill Other intangible assets Intangible assets under development Financial assets Investments Other fnancial assets Defered tax assets (net) Income tax assets (net) Other non-current assets Total non-current assets 2 Current assets Financial assets Trade receivables Billed Unbilled Cash and cash equivalents Bank balances other than cash and cash equivalents above Other financial assets Other current assets Total current assets 3 Total Assets (1+2) B EQUITY AND LIABILITIES 1 Equity Equity share capital Other equity Total Equity 2 Liabilities Non-current liabilities Financial liabilities Borrowings Lease liabilities Non-curent provisions Total non-current liabilities 3 Current liabilities Financial liabilities Borrowings Lease liabi I ities Trade payables Total outstanding dues of micro enterrises and small enterrises Total outstanding dues of creditors other than micro enterprises and small enterprises Other financial liabilities Current provisions Other current liabilities Total current liabilities 4 Total Liabilities (2+3) 5 Total Equity and Liabilities (1+4) |
(IN R in millions) As at 31 March 2025 (Audited) 1,28220 1,969.8 63.46 660.05 31.15 2.70 3,896.05 405.98 291.06 180.06 75.31 8,857.50 3,323.5 642,32 911.53 2.32 197 09 385 01 5,461.72 14.319.22 |
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|---|---|---|---|---|
| iculars | As at 31 March 2026 (Audited) |
As at 31 March 2025 (Audited) |
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| ASSETS Non-current assets |
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| Property, plant and equipment Right-ofuse assets Capital work in progress Goodwill Other intangible assets Intangible assets under development Financial assets Investments Other fnancial assets Defered tax assets (net) Income tax assets (net) Other non-current assets Total non-current assets Current assets Financial assets Trade receivables Billed Unbilled Cash and cash equivalents Bank balances other than cash and cash equivalents above Other financial assets Other current assets Total current assets Total Assets (1+2) EQUITY AND LIABILITIES Equity Equity share capital Other equity Total Equity Liabilities Non-current liabilities Financial liabilities Borrowings Lease liabilities Non-curent provisions Total non-current liabilities Current liabilities Financial liabilities Borrowings Lease liabi I ities Trade payables Total outstanding dues of micro enterrises and small enterrises Total outstanding dues of creditors other than micro enterprises and small enterprises Other financial liabilities Current provisions Other current liabilities Total current liabilities Total Liabilities (2+3) Total Equity and Liabilities (1+4) |
1,555 87 2,569 50 18.59 660,05 17,71 16.02 3,896,05 239.29 367.06 414.61 97.04 9,851.79 3,630.87 1,496.96 843.83 4.25 161.08 339.90 6,476.89 16.328.68 |
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| 1,490 11 7,500 49 |
1,489.9 7,189.4 |
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| 8,990.60 | 8,678.83 | |||
| 4 04 1,910.64 486.1 2,400.89 |
11.09 1,473.34 273,75 1,758.18 |
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| 4.60 941 23 91 78 179.31 3,140.60 161.08 418 59 |
190,75 766.86 21.68 349.42 1,873.00 138.63 541.87 |
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| 4,937.19 | 3,882.21 | |||
| 7,338.08 | 5,640.39 | |||
| 16,328.68 | 14,319.22 |
See accompanying notes to the standalone financial results
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| Digitide Solutions Limited Registered Ofce:New Municipal No.I, Sri Subramanya Plaza,29th :'ain road, BTM Layout 1st stage, Ring road, Bengaluru Bengaluru urban, Karnataka -560068 CIN :o. L62099KA2024PLC184626 Standalone Statement of Cash Flows fr theyear ended JI March 2026 ( INR in millions) |
Digitide Solutions Limited Registered Ofce:New Municipal No.I, Sri Subramanya Plaza,29th :'ain road, BTM Layout 1st stage, Ring road, Bengaluru Bengaluru urban, Karnataka -560068 CIN :o. L62099KA2024PLC184626 Standalone Statement of Cash Flows fr theyear ended JI March 2026 ( INR in millions) |
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| Particulars Cash nows from operating activities Proft for the period Adjustments to reconcile net profit to net cash provided by operating activities: Tax expense Exceptional items Interest income on term deposits Dividend income on investments in subsidiaries Proft on sale of property, plant and equipment, net Gain on sale of investments in mutual funds Employee stock option cost Finance costs Depreciation and amorisation expense Expected credit (reversal)/allowance on fnancial assets Foreign exchange (gain )/loss, net Operating profit befre working capital changes Changes in operating assets and liabilities Changes in trade receivables and unbilled revenue Changes in loans, other financial assets and other assets Changes in trade payables Changes in other fnancial liabilities, other liabilities and provisions Cash generated from operations Income tax paid, net Net cash fows from operating activities (A) Cash nows from investing activities Expenditure on property, plant and equipment and intangibles Proceeds from sale of property plant and equipment Redemption of mutual funds, net Redemption/(placement) of bank deposits (net) Dividend received (net of tax) Receipt/(payment) of Security deposit Interest received on ter deposits Net cash used in investing activities (B) Cash nows from fnancing activities Repayments of long term borrowings Repayments of shor term borowings, net Proceeds from share application money Repayment oflease liabilities Interest paid Net cash used in fnancing activities (C) Net (decrease)/increase in cash and cash equivalents (A+B+C) Cash and cash equivalents transferred due to scheme of arangement Cash and cash equivalents at the beginning of this period Cash and cash equivalents at the end of thisperiod |
For theyear ended |
| As at JI March 2026 (Audited) 211.95 111.76 334.08 (27.37) (670.97) ( I. 93) (0.06) 48.45 387,94 1,388.09 (82.56) (41.06) For the period ended 10 February 2024 to JI March 2025 (Financial year) (Audited) 943.34 274.89 232.18 (48.62) (503.20) ( 12.45) 51.75 383.33 1,418.93 176.89 (7.05) |
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| 1,658.32 (1,079.50) 136.52 (!00.01) 1,089.56 2,909.99 (324.59) 240,07 215.59 (435.12) |
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| 1,704.89 (267.00) 1,437.89 2,605.94 (470.16) 2,135.78 |
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| (605.26) 1.93 0.06 157.51 502.10 (7.45) 6.01 54.90 (7.05) ( 186.15) 1.41 (1,302.60) (66. IO) (1,560.49) (67.70) - 911.53 843.83 (276.70) 12.42 - (176.57) 502.19 - 56.69 118.03 (4.99) (656.64) - (1,387.85) (50.15) (2,099.63) 154.18 757.35 - 911.53 |
Components of cash and cash equivalents
| Components of cash and cash equivalents | ||
|---|---|---|
| (Amoum in INR 1( ons) | ||
| Particulars Cash and cash equivalent Balances with banks In current accounts In EEFC accounts |
As at | As at |
| As at JI March 2026 (Audited) 841.97 1.86 |
As at JI March 2025 (Audited) 887.19 24.34 |
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| Cash and cash e uivalents as er standalone balance sheet | 843.83 | 911.53 |
| See accompanying notes to the standalone financial results |
Digitide Solutions Limited Registered Office: New Municipal No.I SS Plaza 29 Main, Rd BTM Layout 1st stage Ring Rd, Madivala, Bangalore, Bangalore South, Karnataka, India -560068 CIN No. L62099KA2024PLC184626
Notes for the quarter and year ended 31 March 2026:
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The standalone financial results of Digitide Solutions Limited ('the Company') for the quarter and year ended 31 March 2026 have been recommended by the Audit Committe and approved by the Board of Directors at their respective meetings held on 18 May 2026. The statutory auditors have expressed an unqualified review conclusion on the financial results for the quarter ended 31 March 2026 and have expressed an unqualified opinion on the financial results for the year ended 31 March 2026. These standalone financial results have been extracted from the standalone financial information.
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2 The Statement includes the results for the quarter ended 31 March 2026, being the balancing figure of audited figures in respect of the full financial year and published unaudited year-to-date figures upto the end of the third quarter of the financial year.
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3 The Statement includes the results for the quarter ended 3 I March 2025 being the balancing figures in respect of the full financial year and audited figures in respect of the period ended 31 December 2024 after giving effect to the Scheme of Arrangement as explained in Note 7. Audit for the period 10 February 2024 to 31 December 2024 was conducted for the purpose of filing the Information Memorandum.
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4 The standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act. 2013. read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, and in terms of Regulation 33 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
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5 The Company got listed on Bombay Stock Exchange ("BSE") and National Stock Exchange ("NSE") on 11 June 2025. The standalone audited financial results and the audit report of the Statutory Auditors is being filed with BSE and NSE and will be made available on the Company's website www.digitide.com.
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6 Effective 21 November 2025, the Government of India notified the four new Labour Codes, replacing the existing 29 labour laws. Based on the guidance issued by the Institute of Chartered Accountants of lndia, along with the Central Rules and FAQs released by the Ministry of Labour & Employment, the Company has assessed and disclosed the incremental impact on its employee benefit liabilities arising from these changes using the best information currently available.
The Company has considered restructured compensation of its employees with effect from April I st, 2026, and assessed the impact of the changes, consistent with the Labour Codes, rules and FAQs. Considering the materiality and regulatory driven, non-recurring nature of this impact, the Company has presented incremental impact of INR 120.50 Million and INR 334.08 Million related to Employee Benefit Obligations under "Exceptional item" in the consolidated financial results for quarter and year ended March 31, 2026 respectively.
During the quarter and year ended 3 I March 2026, the Company incurred certain demerger expenses, professional services and stamp duty aggregating to INR 2.70 millions and lNR 235.36 millions, respectively, which have been included under "Exceptional items".
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7 In accordance with the composite scheme of arrangement between Quess Corp Limited ("Demerged Company"), Digitide Solutions Limited ("Resulting Company I") and Bluspring Enterprises Limited ("Resulting Company 2") and their respective shareholders and creditors(referred as "Scheme of Arrangement") the demerged Company carried out the activities of Transferred Businesses I in trust for the Company upto effective date i.e. 31 March 2025. The comparative financial information of the Company have been prepared as of and for the period from IO February 2024 (Date of Incorporation) to 31 March 2025, in accordance with Appendix C to Ind AS I 03 "Business Combinations" by using the financial information maintained by the Demerged Company.
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8 ln accordance with Ind AS I 08, Operating segments, segment information has been provided in the consolidated financial results of the Company and therefore no separate disclosure on segment information is given in these standalone financial results.
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9 The Company has incorporated a wholly owned subsidiary "Digitide IT Solutions L.L.C S.O.C" in the mainland of Dubai, United Arab Emirates on March 11, 2026, with an authorized capital of AED 300,000. This entity will be engaged in the business of providing IT services and infrastructure, data classification & analysis services, cloud, data center, and application development services to its customers.
for and on behalf of Board of Directors of
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Chief Executive Officer and Executive Director DIN: 10997957 Place: Bengaluru Date: 18 May 2026
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di itide g
May 18, 2026
To, BSE Limited,
p[t ] Floor, New Trading Ring, Rotunda Building, PJ Towers, Dalal Street, Mumbai - 400 001 Security Code - 544413
National Stock Exchange of India Limited
Exchange Plaza, Bandra-Kurla Complex, Sandra (East), Mumbai - 400 051 NSE Symbol - DIGITIDE
Dear Sir/Madam,
Sub: Declaration under Regulation 33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
We hereby confirm and declare that the Statutory Auditors of the Company i.e., M/s Deloitte Haskins & Sells, Chartered Accountants (Firm Registration No. 008072S), have issued the Auditor's Report on Standalone and Consolidated Audited Financial Results of the Company for the fourth quarter and financial year ended 31[st ] March, 2026 with unmodified opinion.
Kindly take the above information on record.
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Yours sincerely,
For Digitide Solutions Limit
Chief Financial Officer
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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: 080-6105 6000 I CIN: L62099KA2024PLC184626 I Website: www.digitide.com