K. N. GUTGUTIA & CO.
CHARTERED ACCOUNTANTS
KOLKATA • NEW DELHI
PHONE: 2287-3735/56
E-mail: [email protected]
[email protected]
Head Office: 6C, Middleton Street
Flat No. 23 (2nd Floor), Kolkata - 700 071
City Office: 46C, Rafi Ahmed Kidwai Road,
3rd Floor, Kolkata - 700 016

Independent Auditor’s Report on Consolidated Annual Financial Results of IntraSoft Technologies Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of
IntraSoft Technologies Limited

Opinion

We have audited the accompanying consolidated annual financial results of IntraSoft Technologies Limited (hereinafter referred to as the ‘Parent Company’) and its subsidiaries (Parent Company and its subsidiaries together referred to as (‘the Group’) for the year ended March 31, 2026 and the consolidated statement of assets and liabilities and the consolidated statement of cash flows as at and for the year ended on that date (together referred to as the ‘consolidated financial results’), attached herewith, being submitted by the Parent Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’).
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate audited financial statements/financial information of the subsidiaries, the aforesaid consolidated financial results for the year ended March 31, 2026:

(i) includes the financial results of entities given below:

Name of the Entity	Relationship
123Greetings.com,Inc.	Wholly owned Subsidiary
One Two Three Greetings (India) Pvt. Ltd.	Wholly owned Subsidiary
Intrasoft Ventures Pte. Ltd.	Wholly owned Subsidiary
123Stores,Inc.	Step down subsidiary
123Stores Ecommerce Pvt. Ltd.	Step down subsidiary

(ii) are presented in accordance with the requirements of Listing Regulations in this regard; and

(iii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the “Act”) and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Group for the year ended March 31, 2026 and the consolidated statement of assets and liabilities and the consolidated statement of cash flows as at and for the year ended on that date.

K. N. GUTGUTIA & CO.

K. N. GUTGUTIA & CO.
CHARTERED ACCOUNTANTS
KOLKATA • NEW DELHI

PHONE: 2287-3735/56
E-mail: [email protected]
[email protected]
Head Office: 6C, Middleton Street
Flat No. 23 (2nd Floor), Kolkata - 700 071
City Office: 46C, Rafi Ahmed Kidwai Road,
3rd Floor, Kolkata - 700 016

Basis for opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India (“ICAI”). Our responsibilities under those Standards are further described in the ‘Auditor’s Responsibilities for the Audit of the Consolidated Financial Results’ section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the ICAI together with the ethical requirements that are relevant to our audit of the financial statements 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 Code of Ethics.

We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Management’s responsibilities for the Consolidated Financial Results

These consolidated financial results have been prepared on the basis of the consolidated annual financial statements. The Parent Company’s Management and Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group and the consolidated statement of assets and liabilities and the consolidated statement of cash flows 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 Listing Regulations. The respective Management and 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 of 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 accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial statements 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 the consolidated financial results by the Management and Board of Directors of the Parent Company, as aforesaid.

In preparing the consolidated financial results, the respective Management and the Board of Directors of the Companies included in the Group are responsible for assessing the ability of the Group 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 the Group or to cease operations, or has no realistic alternative but to do so.

K. N. GUTGUTIA & CO.

The respective Board of Directors of the Companies included in the Group are responsible for overseeing the financial reporting process of each company.

Auditor’s responsibilities for the audit of the consolidated financial results

Our objectives are to obtain reasonable assurance about whether the consolidated financial results 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 these 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:
Identify and assess the risks of material misstatement of the 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.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Parent Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls (Refer paragraph 13 below).
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management and Board of Directors.
Conclude on the appropriateness of the Management and 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.

K. N. GUTGUTIA & CO.

Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group to express an opinion on the consolidated financial results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated financial results, which have been audited by 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. Our responsibilities in this regard are further described in paragraphs 10 and 11 below of the section titled “Other Matters” in this audit report.
Materiality, in the context of any parent company’s consolidated financial result taken as a whole, depends on the nature or magnitude of financial information, or a combination of both, to be judged in the particular circumstances, that individually or in the combination with other information is reasonably be expected to influence the economic decisions that a reasonably knowledgeable primary user makes on the basis of the general purpose financial statements. In planning the scope of our audit work, evaluating the results of our work and evaluating the financial effect of any identified omissions, misstatements or obscuration in the consolidated financial results we consider the quantitative materiality and also the qualitative factors.
We communicate with those charged with governance of the Parent Company, 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.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.

Other matters

We did not audit the financial statements / financial information of one step down subsidiary whose financial statements reflect total assets of Rs. 102.85 Lakhs and net assets of Rs. 98.93 Lakhs as at March 31, 2026, total income of Rs. 1.99 Lakhs and Rs. 7.43 Lakhs, net profit /(loss) of Rs. (0.21) Lakhs and Rs. 3.40 Lakhs, total comprehensive income (comprising of loss and other comprehensive income) of Rs. (0.21) Lakhs and Rs. 3.40 Lakhs for the quarter and year ended March 31, 2026 respectively and net cash outflow amounting to Rs. 0.05 Lakhs for the year then ended, respectively which have been audited and furnished to us by their Independent auditors. Our opinion on the consolidated financial results, in so far as it related to the amounts and disclosures included in respect of these subsidiaries is based solely on the reports of other auditors and procedures performed by us as stated under Auditor’s Responsibilities section above.

K. N. GUTGUTIA & CO.
CHARTERED ACCOUNTANTS

The financial statements of two subsidiaries and one step down subsidiary located outside India, included in the consolidated financial statements, which constitute total assets of Rs. 43518.90 Lakhs and net assets of Rs. 38723.66 Lakhs as at March 31, 2026, total income of Rs. 13616.11 Lakhs and Rs. 53433.33 Lakhs, net profit of Rs. 343.88 Lakhs and Rs. 1317.05 Lakhs, total comprehensive income (comprising of profit and other comprehensive income) of Rs. 343.88 Lakhs and Rs. 1317.05 Lakhs for the quarter and year ended March 31, 2026 respectively and net cash outflow amounting to Rs.197.36 Lakhs for the year then ended, have been prepared in accordance with accounting principles generally accepted in its country. The Parent Company's management has converted the financial statements of such subsidiary located outside India from the accounting principles generally accepted in their respective countries to the accounting principles generally accepted in India. We have audited these conversion adjustments made by the Parent Company's management. Our opinion in so far as it relates to the balances and affairs of such subsidiaries located outside India, including other information, is based on the report of other auditor and the conversion adjustments prepared by the management of the Parent Company.

Our opinion on the consolidated financial results 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 and the financial statements certified by the Company's Management.

The figures for the quarter ended March 31, 2026 and the corresponding quarter ended in the previous year as reported in the Statement are the balancing figures between audited figures in respect of the full financial year ended on March 31, 2026/ March 31, 2025 and the published year to date figures up to the end of the third quarter of the current and previous financial year respectively. Also, the figures up to the end of the third quarter had only been reviewed by us as required under the Listing Regulations and not subjected to audit.

Kolkata
27th May, 2026

For K. N. Gutgutia & Co.
Chartered Accountants
Firm Registration Number 304153E

UIN: 26050819VYBAFA8663

K. C. Sharma
Partner
Membership No.050819

| INTRASOFT TECHNOLOGIES LIMITED
Regd Off: 502A, Prathamesh, Raghavanshi Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400 013. CIN : L24133MI11996PLC197857
Tel : 91-22-4004-0008, Fax : 91-22 2499-3123, Email : [email protected], Website : www.itlindia.com | | | | | | |
| --- | --- | --- | --- | --- | --- | --- |
| Statement of Audited Consolidated Financial Results for the quarter and year ended 31 March 2026
(₹ in lacs) | | | | | | |
| Sl. No. | Particulars | For the quarter ended | | | Year ended | |
| | | 31 March 2026 | 31 December 2025 | 31 March 2025 | 31 March 2026 | 31 March 2025 |
| | | (Audited)
[refer note-4 below] | (Unaudited) | (Audited)
[refer note-4 below] | (Audited) | (Audited) |
| I | Income | | | | | |
| | Revenue from operations | 13,604.74 | 13,666.67 | 13,004.00 | 53,421.98 | 50,719.37 |
| II | Other income | 22.68 | 3.08 | 12.30 | 39.63 | 141.13 |
| III | Total income (I+II) | 13,627.42 | 13,669.75 | 13,016.30 | 53,461.61 | 50,860.50 |
| | Expenses | | | | | |
| | (a) Cost of goods sold | 8,730.32 | 8,784.30 | 8,291.42 | 34,247.66 | 32,107.22 |
| | (b) Shipping and handling expenses | 2,124.75 | 2,134.30 | 1,967.16 | 8,253.89 | 7,544.35 |
| | (c) Sales and marketing expenses | 2,037.74 | 2,058.89 | 1,962.86 | 7,957.27 | 7,554.11 |
| | (d) Employee benefit expenses | 171.12 | 145.48 | 210.18 | 619.77 | 927.25 |
| | (e) Finance costs | 31.37 | 25.96 | 31.87 | 115.22 | 255.55 |
| | (f) Depreciation and amortisation expense | 16.12 | 16.78 | 18.39 | 68.42 | 85.38 |
| (g) Other expenses | 139.79 | 153.63 | 207.16 | 665.11 | 829.95 | |
| IV | Total expenses | 13,251.21 | 13,319.34 | 12,689.04 | 51,927.34 | 49,303.81 |
| V | Profit before tax (III-IV) | 376.21 | 350.41 | 327.26 | 1,534.27 | 1,556.69 |
| VI | Tax expense | | | | | |
| | (a) Current tax | 18.24 | 11.38 | 0.63 | 50.68 | 37.67 |
| | (b) Deferred tax (includes reversal/utilisation of MAT Credit) | 43.08 | 77.54 | 91.51 | 159.63 | 263.30 |
| | (c) Income tax for earlier years | (0.04) | (0.04) | (0.10) | (3.74) | (12.78) |
| | | 61.28 | 88.88 | 92.04 | 206.57 | 288.19 |
| VII | Profit for the period (V-VI) | 314.93 | 261.53 | 235.22 | 1,327.70 | 1,268.50 |
| VIII | Other Comprehensive Income (net of tax) | | | | | |
| | i. Items that will not be reclassified subsequently to Profit or Loss | | | | | |
| | Remeasurement benefit of post employment defined benefit obligations | 8.81 | (1.50) | (8.50) | 4.31 | (14.28) |
| | Income tax effect on above | (2.45) | 0.42 | 2.36 | (1.20) | 3.97 |
| | ii. Items that will be reclassified subsequently to Profit or Loss | | | | | |
| | Gain/(loss) on fair value of investments in debt instruments through OCI | - | - | - | - | 21.48 |
| | Exchange differences on translation of financial statements of foreign operations | 1,306.29 | 290.08 | (29.19) | 2,450.83 | 443.42 |
| | Income tax effect on above | - | - | - | (5.98) | |
| | Total Other Comprehensive Income for the period (net of tax) | 1,312.65 | 289.00 | (35.33) | 2,453.94 | 448.61 |
| IX | Total Comprehensive Income for the period (VII+VIII) | 1,627.58 | 550.53 | 199.89 | 3,781.64 | 1,717.11 |
| X | Paid up equity share capital | 1,631.17 | 1,631.17 | 1,631.17 | 1,631.17 | 1,631.17 |
| | (face value of Rs 10 each, fully paid up) | | | | | |
| XI | Other equity (excluding revaluation reserve) | | | | 24,999.95 | 21,218.31 |
| XII | Earnings per equity share (EPS) (₹) | | | | | |
| | Basic and diluted EPS | 1.93 | 1.60 | 1.40 | 8.14 | 7.78 |

Notes:

The above results which are published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 27, 2026. The financial results are in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013, read with the relevant Rules thereunder. These results have been subjected to an audit by the Statutory Auditors of the Company who have issued unmodified audit reports thereon.
As of 31 March 2026, IntraSoft Technologies Group (“the Group”) comprises the parent Company i.e. IntraSoft Technologies Limited and its five subsidiaries (including two step down subsidiaries).
Consolidated Statement of Assets and Liabilities and Cash Flows are attached in Annexure I and Annexure II respectively.
The figures for three months ended March 31, 2026 and March 31, 2025 are arrived at as difference between audited figures in respect of full financial year and the unaudited figures upto nine months ended December 31 of the respective financial year.
As per the requirement of IND AS 108 as notified under Companies (Indian Accounting Standards) Rules 2015 as specified under Section 133 of the Companies Act, no disclosure is required for Segment reporting as the Company is operating in single business segment of Internet based delivery of products and services.
Deferred tax include reversal of MAT Credit Entitlement for FY2010-11 utilised/lapsed till current reporting period, amounting Rs. 111.98 lacs. (Previous year includes Rs. 154.29 lacs for FY2009-10)
The Government of India has consolidated 29 Labour Codes (“New Labour Code”), effective from 21st November 2025, with the related rules. The Codes, interalia, introduce a uniform definition of wages which has impact on gratuity and leave liability. The Group has assessed the impact of these changes, which is not material has been accounted.
Previous period figures have been re-grouped/re-classified wherever necessary, to conform to current period’s classification.
The Consolidated financial results of the Company for the quarter and year ended 31 March 2026 are available on the Company’s website www.itlindia.com.

Place: Kolkata
Dated: May 27, 2026

For IntraSoft Technologies Limited

Arvind Kamm
Managing Director
DIN: 00100901

| INTRASOFT TECHNOLOGIES LIMITED
Regd Off: 502A, Peethamesh, Raghavanshi Mills Compound, Senapati Bapat Marg, Lower Patel, Mumbai 400 013. CIN : L24133MH1996PLC197857
Tel : 91-22-4004-0008, Fax : 91-22-2490-3123, Email : [email protected], Website : www.itlindia.com | | |
| --- | --- | --- |
| Consolidated Statement of Assets and Liabilities
(All amounts in ₹ lacs, unless otherwise stated)
Annexure I | | |
| Particulars | As at 31 March 2026 | As at 31 March 2025 |
| | (Audited) | (Audited) |
| ASSETS | | |
| Non-current assets | | |
| Property, plant and equipment | 1,166.75 | 1,235.49 |
| Other intangible assets | 5.77 | 6.01 |
| Other intangible assets under development | 27,232.18 | 22,064.20 |
| Financial assets | | |
| (i) Other financial assets | 4.09 | 4.09 |
| Deferred tax assets (net) | 1,529.46 | 1,641.45 |
| Non-current tax assets | 30.28 | 27.29 |
| Other non-current assets | 57.59 | 38.85 |
| | 30,026.12 | 25,017.38 |
| Current assets | | |
| Inventories | 1,229.43 | 1,918.65 |
| Financial assets | | |
| (i) Investments | - | 330.43 |
| (ii) Trade receivables | 459.79 | 402.03 |
| (iii) Cash and cash equivalents | 255.60 | 390.80 |
| (iv) Other bank balances | 211.82 | 49.06 |
| (v) Loans | 100.00 | 100.00 |
| (vi) Other financial assets | 8.86 | 2.95 |
| Current tax assets (net) | 5.68 | 5.10 |
| Other current assets | 17.39 | 35.53 |
| | 2,288.57 | 3,234.55 |
| TOTAL ASSETS | 32,314.69 | 28,251.93 |
| EQUITY AND LIABILITIES | | |
| Equity | | |
| Equity share capital | 1,631.17 | 1,631.17 |
| Other equity | 24,999.95 | 21,218.31 |
| | 26,631.12 | 22,849.48 |
| Liabilities | | |
| Non-current liabilities | | |
| Financial liabilities: | | |
| (i) Borrowings | 1,629.15 | 1,109.16 |
| Provisions | 43.78 | 40.58 |
| Deferred tax liabilities (net) | 1,871.79 | 1,655.36 |
| Other non-current liabilities | 89.51 | 91.51 |
| | 3,634.23 | 2,896.61 |
| Current liabilities | | |
| Financial liabilities | | |
| (i) Borrowings | 100.00 | 170.06 |
| (ii) Trade payables | - | - |
| -Due to micro and small enterprises | - | - |
| -Due to others | 1,652.83 | 1,581.37 |
| (iii) Other financial liabilities | 262.84 | 681.63 |
| Other current liabilities | 25.06 | 29.43 |
| Provisions | 1.82 | 20.25 |
| Current tax liabilities (net) | 6.79 | 23.10 |
| | 2,049.34 | 2,505.84 |
| TOTAL EQUITY AND LIABILITIES | 32,314.69 | 28,251.93 |

N. GUYGUTTA
Chartered Accountants
P. M. S. S. S. S. S. S. S. S.

| IntraSoft Technologies Limited
Regd Off: 502A, Prathamesh, Raghavanshi Mills Compound, Senapati Bapat Marg, Lower Patel, Mumbai 400 013. CIN : L24133MH1996PLC197857
Tel : 91-22-4004-0008, Fax : 91-22-2490-3123, Email : [email protected], Website : www.itlindia.com | | |
| --- | --- | --- |
| Audited Consolidated Statement of Cash flows
(All amounts in ₹ lacs, unless otherwise stated) | | |
| Annexure II | | |
| Particulars | Year ended | |
| | 31 March 2026 | 31 March 2025 |
| A. Cash flow from operating activities | | |
| Profit before tax | 1,534.27 | 1,556.69 |
| Adjustments for: | | |
| Depreciation and amortisation expense | 68.42 | 85.38 |
| Net loss/(profit) on disposal of property, plant and equipment | (1.39) | 0.30 |
| Dividend income | - | (29.60) |
| Net gain on sale of investments measured at FVTPL | (6.26) | (41.78) |
| Net gain arising on remeasurement of investments measured at FVTPL | - | (6.58) |
| Net loss on sale of bonds/NCDs | - | 25.13 |
| Grant income | (2.00) | (2.00) |
| Income from lease fee and others | - | (15.49) |
| Finance costs | 115.22 | 255.55 |
| Interest income | (13.26) | (12.04) |
| Operating profit before working capital changes | 1,695.00 | 1,815.56 |
| Adjustments for working capital changes: | | |
| Increase in trade receivables | (57.76) | (52.39) |
| Decrease in inventories | 689.22 | 6,731.53 |
| Increase in financial assets | (6.65) | (100.87) |
| (Increase)/decrease in other assets | (1.61) | 61.55 |
| Decrease in provisions | (10.92) | (84.58) |
| Decrease in financial liabilities | (411.90) | (155.18) |
| Decrease in other liabilities | (4.37) | (24.65) |
| Increase in trade payables | 71.46 | 128.40 |
| Cash generated from operating activities | 1,962.47 | 8,319.37 |
| Income tax paid (net of refunds) | (65.81) | (58.85) |
| Net cash generated from operating activities (A) | 1,896.66 | 8,260.52 |
| B. Cash flow from investing activities: | | |
| Purchase of investments in MF/Bonds | - | (1,730.62) |
| Sale of investments in MF/Bonds | 336.69 | 10,111.41 |
| Purchase of property, plant and equipment | - | (0.29) |
| Purchase of other intangible assets | (5,167.98) | (4,112.36) |
| Proceeds from sale of property, plant and equipment | 3.99 | (0.35) |
| Income from investment property | - | 15.49 |
| Interest received | 10.14 | 11.05 |
| Dividend received | - | 61.65 |
| Investment in fixed deposits (net) | (158.90) | 60.59 |
| Net cash generated from/(used in) investing activities (B) | (4,976.06) | 4,416.57 |
| C. Cash flow from financing activities: | | |
| Proceeds from long term borrowings | 2,000.00 | - |
| Repayment of long term borrowings | (1,551.11) | (12,662.14) |
| Share issue expenses | - | (3.63) |
| Dividend paid | (0.60) | (1.49) |
| Interest paid | (120.47) | (288.31) |
| Net cash generated from/(used in) financing activities (C) | 327.82 | (12,955.57) |
| Net decrease in cash and cash equivalents (A+B+C) | (2,751.58) | (278.48) |
| Cash and cash equivalents at the beginning of the year | 390.80 | 192.03 |
| Effect of currency translation on cash and cash equivalents | 2,616.38 | 477.25 |
| Cash and cash equivalents at the end of the period | 255.60 | 390.80 |
| a The above Consolidated Statement of Cash Flows has been prepared under the "Indirect Method" as set out in Indian Accounting Standard (Ind-AS)-7 - Statement of Cash Flows. | | |
| b Cash and cash equivalents comprises of : (₹ in lacs) | | |
| Particulars | 31 March 2026 | 31 March 2025 |
| Cash on hand | - | 0.08 |
| Balances with Scheduled Commercial Banks : | | |
| - In current accounts | 255.60 | 390.72 |
| - Deposits of original maturity of less than 3 months | - | - |
| Closing cash and cash equivalents | 255.60 | 390.80 |

INSTITUTE OF CONTROLS ACCOUNTANTS

INSTITUTE OF CONTROLS & ACCOUNTS PAYABLE

INSTITUTE OF CONTROLS & ACCOUNTS

Independent Auditor's Report on Standalone Annual Financial Results of IntraSoft Technologies Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of IntraSoft Technologies Limited

Opinion

We have audited the accompanying standalone annual financial results of IntraSoft Technologies Limited (hereinafter referred to as the ‘Company’) for the quarter and year ended March 31, 2026 (“the Statement”) and the standalone statement of assets and liabilities and the standalone statement of cash flows for the year ended on that date, attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (‘Listing Regulations’).
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial results:

(i) are presented in accordance with the requirements of Listing Regulations in this regard; and

(ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the “Act”) and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Company for the quarter and year ended March 31, 2026 and the standalone statement of assets and liabilities and the standalone statement of cash flows as at and for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act and other applicable authoritative pronouncements issued by the Institute of Chartered Accountants of India. Our responsibilities under those Standards are further described in the ‘Auditor’s Responsibilities for the Audit of the Standalone Financial Results’ section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements 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 Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

K. N. GUTGUTIA & CO. Chartered Accountants

Management's responsibilities for the standalone financial results

The Statement have been prepared on the basis of the standalone annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of these standalone financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Company and the standalone statement of assets and liabilities and the standalone statement of cash flows 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 Regulations 33 of the Listing Regulations. The Board of Directors of the Company are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of 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 accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial statements 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 the standalone financial results by the Directors of the Company, as aforesaid.

In preparing the standalone financial results, the Board of Directors of the Company are responsible for assessing the ability of the Company 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 of the Company are responsible for overseeing the financial reporting process of the Company.

Auditor's responsibilities for the audit of the standalone financial results

Our objectives are to obtain reasonable assurance about whether the standalone financial results 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 these standalone financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

K. N. GUTGUTIA
Chartered Accountants

K. N. GUTGUTIA & CO.
CHARTERED ACCOUNTANTS
KOLKATA • NEW DELHI
PHONE: 2287-3735/56
E-mail: [email protected]
[email protected]
Head Office: 6C. Middleton Street
Flat No. 23 (2nd Floor), Kolkata - 700 071
City Office: 46C, Rafi Ahmed Kidwai Road,
3rd Floor, Kolkata - 700 016

Identify and assess the risks of material misstatement of the standalone 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.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls (Refer paragraph 10 below).
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
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 standalone 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 Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.
Materiality, in the context of any entity’s financial statement taken as a whole, depends on the nature or magnitude of financial information, or a combination of both, to be judged in the particular circumstances, that individually or in the combination with other information is reasonably be expected to influence the economic decisions that a reasonably knowledgeable primary user makes on the basis of the general purpose financial statements. In planning the scope of our audit work, evaluating the results of our work and evaluating the financial effect of any identified omissions, misstatements or obscuration in the financial statements we consider the quantitative materiality and also the qualitative factors.
We communicate with those charged with governance of the Company 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.

K. N. GUTGUTIA
Chartered Accountants

K.N. GUTGUTIA & CO.
CHARTERED ACCOUNTANTS
KOLKATA • NEW DELHI
PHONE: 2287-3735/56
E-mail: [email protected]
[email protected]
Head Office: 6C, Middleton Street
Flat No. 23 (2nd Floor), Kolkata - 700 071
City Office: 46C, Rafi Ahmed Kidwai Road,
3rd Floor, Kolkata - 700 016

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.

Other Matters

The figures for the quarter ended March 31, 2026 and the corresponding quarter ended in the previous year as reported in the Statement are the balancing figures between audited figures in respect of the full financial year ended on March 31, 2026/ March 31, 2025 and the published year to date unaudited figures up to the end of the third quarter of the current and previous financial year respectively. Also, the figures up to the end of the third quarter had only been reviewed by us as required under the Listing Regulations and not subjected to audit.

Kolkata
27th May, 2026

For K. N. Gutgutia & Co.
Chartered Accountants
Firm Registration Number 304153E

U.DIN: 26050819FMJHNZ5423

K. C. Sharma
Partner
Membership No.050819

INTRASOFT TECHNOLOGIES LIMITED

Regd Off: 502A, Prathamesh, Raghuvanshi Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400 013. CIN : L24133MH1996PLC197857

Tel: 91-22-4004-0008, Fax: 91-22-2490-3123, Email: [email protected], Website: www.itlindia.com

Statement of Audited Standalone Financial Results for the quarter and year ended 31 March 2026

Sl. No.	Particulars	For the quarter ended			Year ended
		31 March 2026	31 December 2025	31 March 2025	31 March 2026	31 March 2025
		(Audited) [refer note-2 below]	(Unaudited)	(Audited) [refer note-2 below]	(Audited)	(Audited)
I	Income
	Revenue from operations	269.33	319.04	384.86	1,213.23	1,278.46
II	Other income	80.50	17.01	24.87	153.87	192.08
III	Total Income (I+II)	349.83	336.05	409.73	1,367.10	1,470.54
	Expenses
	(a) Employee benefit expenses	171.12	145.48	209.73	619.74	790.48
	(b) Finance costs	37.89	32.62	35.47	141.00	161.45
	(c) Depreciation and amortisation expense	11.14	11.81	13.36	48.39	55.68
	(d) Other expenses	75.97	76.49	58.78	305.44	258.17
IV	Total expenses	296.12	266.40	317.34	1,114.57	1,265.78
V	Profit/(loss) before tax (III-IV)	53.71	69.65	92.39	252.53	204.76
VI	Tax expense
	(a) Current tax	10.43	11.38	14.00	42.87	31.79
	(b) Deferred tax (includes reversal/utilisation of MAT Credit)	33.92	68.57	65.52	119.89	116.36
	(c) Income tax for earlier years	-	-	-	-	-
VII	Profit/(loss) for the period (V-VI)	44.35	79.95	79.52	162.76	148.15
	Other Comprehensive Income (net of tax)
VIII	i. Items that will not be reclassified subsequently to Profit or Loss
	Remeasurement benefit of post employment defined benefit obligations	8.81	(1.50)	(8.50)	4.31	(14.28)
	Income tax effect on above	(2.45)	0.42	2.36	(1.20)	3.97
	ii. Items that will be reclassified subsequently to Profit or Loss
	Gain/(loss) on fair value of investments in debt instruments through OCI	-	-	-	-	21.48
	Income tax effect on above	-	-	-	-	(5.98)
	Total Other Comprehensive Income for the period (net of tax)	6.36	(1.08)	(6.14)	3.11	5.19
IX	Total Comprehensive Income for the period (VII+VIII)	15.72	(11.38)	6.73	92.88	61.80
X	Paid up equity share capital	1,631.17	1,631.17	1,631.17	1,631.17	1,631.17
	(face value of ₹ 10 each, fully paid up)
XI	Other equity (excluding revaluation reserve)				12,378.32	12,285.44
XII	Earnings per equity share (EPS) (₹)
	Basic and diluted EPS	0.06	(0.06)	0.08	0.55	0.35

Notes:

The above results which are published in accordance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 27, 2026. The financial results are in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013, read with the relevant Rules thereunder. These results have been subjected to an audit by the Statutory Auditors of the Company who have issued unmodified audit reports thereon.
The figures for three months ended March 31, 2026 and March 31, 2025 are arrived at as difference between audited figures in respect of full financial year and the unaudited figures upto nine months ended December 31 of the respective financial year.
Statement of Assets and Liabilities and Cash Flows are attached in Annexure I and Annexure II respectively.
As per the requirement of IND AS 108 as notified under Companies (Indian Accounting Standards) Rules 2015 as specified under Section 133 of the Companies Act, no disclosure is required for Segment reporting as the Company is operating in single business segment of Internet based delivery of services.
Deferred tax include reversal of MAT Credit Entitlement for FY2010-11 utilised/lapsed till current reporting period, amounting Rs. 111.98 lacs. (Previous year includes Rs. 154.29 lacs for FY2009-10)
The Government of India has consolidated 29 Labour Codes ("New Labour Code"), effective from 21st November 2025, with the related rules. The Codes, interalia, introduce a uniform definition of wages which has impact on gratuity and leave liability. The Group has assessed the impact of these changes, which is not material has been accounted.
Previous period figures have been re-grouped/re-classified wherever necessary, to conform to current period's classification.
The standalone financial results of the Company for the quarter and year ended 31 March 2026 are available on the Company's website www.itlindia.com.

Place: Kolkata

Dated: May 27, 2026

For Intrasoft Technologies Limited

Div. 00106901

| INTRASOFT TECHNOLOGIES LIMITED
Regd Off: 502A, Prathamesh, Raghuvarishi Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400 013. CIN : L24133MH1996PLC197857
Tel : 91-22-4004-0008, Fax : 91-22-2490-3123, Email : [email protected], Website : www.itlindia.com | | |
| --- | --- | --- |
| Standalone Statement of Assets and Liabilities
(All amounts in ₹ lacs, unless otherwise stated)
Annexure I | | |
| Particulars | As at 31 March 2026 | As at 31 March 2025 |
| | (Audited) | (Audited) |
| ASSETS | | |
| Non-current assets | | |
| Property, plant and equipment | 1,152.50 | 1,203.25 |
| Other intangible assets | 5.77 | 6.01 |
| Financial assets | | |
| (i) Investments | 12,002.18 | 12,002.18 |
| (ii) Other financial assets | 4.09 | 4.09 |
| Deferred tax assets (net) | 1,327.92 | 1,449.01 |
| Other non-current assets | 51.72 | 35.79 |
| | 14,544.18 | 14,700.33 |
| Current assets | | |
| Financial assets | | |
| (i) Investments | - | 330.43 |
| (ii) Share application money | 369.80 | - |
| (iii) Trade receivables | 1,159.96 | 747.60 |
| (iv) Cash and cash equivalents | 81.54 | 6.77 |
| (v) Other bank balances | 192.86 | 34.56 |
| (vi) Loans | 100.00 | 100.00 |
| (vii) Other financial assets | 8.86 | 7.35 |
| Current tax assets (net) | - | - |
| Other current assets | 11.96 | 9.16 |
| | 1,924.98 | 1,235.87 |
| TOTAL ASSETS | 16,469.16 | 15,936.20 |
| EQUITY AND LIABILITIES | | |
| Equity | | |
| Equity share capital | 1,631.17 | 1,631.17 |
| Other equity | 12,378.32 | 12,285.44 |
| | 14,009.49 | 13,916.61 |
| Liabilities | | |
| Non-current liabilities | | |
| Financial liabilities: | | |
| (i) Borrowings | 1,629.15 | 1,109.16 |
| Provisions | 43.78 | 40.58 |
| Other non-current liabilities | 89.51 | 91.51 |
| | 1,762.44 | 1,241.25 |
| Current liabilities | | |
| Financial liabilities | | |
| (i) Borrowings | 415.00 | 396.06 |
| (ii) Other financial liabilities | 111.85 | 203.97 |
| Other current liabilities | 168.48 | 140.00 |
| Provisions | 1.82 | 20.25 |
| Current tax liabilities (net) | 0.08 | 18.06 |
| | 697.23 | 778.34 |
| TOTAL EQUITY AND LIABILITIES | 16,469.16 | 15,936.20 |

CITIGUTUM
Chandigarh
Accountants

KOLKAH
KOLKAH
ACCOUNTING

| IntraSoft Technologies Limited
Regd Off: 502A, Prathamesh, Raghuvanshi Mills Compound, Sengsati Bapat Marg, Lower Patril, Mumbai 400 013. CIN : L24133MH1996PLC197857
Tel : 91-22-4004-0008, Fax : 91-22-2490-3123, Email : [email protected], Website : www.ritedia.com | | |
| --- | --- | --- |
| Audited Standalone Statement of Cash flows
(All amounts in ₹ lacs, unless otherwise stated) | | |
| Annexure II | | |
| Particulars | Year ended | |
| | 31 March 2026 | 31 March 2025 |
| A. Cash flow from operating activities | | |
| Profit before tax | 252.53 | 204.76 |
| Adjustments for: | | |
| Depreciation and amortisation expense | 48.39 | 55.68 |
| Net loss/(profit) on disposal of property, plant and equipment | (1.39) | 0.39 |
| Dividend income | - | (29.60) |
| Net gain on sale of investments measured at PVTPL | (6.26) | (41.78) |
| Net gain arising on remeasurement of investments measured at PVTPL | - | (6.58) |
| Net loss on sale of bonds/NCDs | - | 25.13 |
| Grant income | (2.00) | (2.00) |
| Finance costs | 141.00 | 161.45 |
| Interest income | (13.21) | (69.79) |
| Income from lease fee and others | - | (15.49) |
| Operating profit before working capital changes | 419.06 | 282.17 |
| Adjustments for changes in working capital: | | |
| Increase in trade receivables | (412.36) | (747.60) |
| Decrease in other financial assets | 2.21 | 67.85 |
| Decrease/(increase) in other assets | (19.74) | 14.02 |
| Decrease in provisions | (10.92) | (48.53) |
| Decrease in non current liabilities | - | (0.38) |
| Increase/(decrease) in financial liabilities | (81.16) | 101.18 |
| Increase in other current liabilities | 28.48 | 34.02 |
| Cash used in operating activities | (74.43) | (297.27) |
| Income tax paid (net of refunds) | (59.84) | (10.82) |
| Net cash used in operating activities (A) | (134.27) | (308.09) |
| B. Cash flow from investing activities: | | |
| Purchase of investments in MF/Bonds | - | (1,730.62) |
| Sale of investments in MF/Bonds | 336.69 | 10,111.41 |
| Investments in equities of subsidiaries | (369.80) | (10,803.63) |
| Purchase of property, plant and equipment | - | (26.64) |
| Proceeds from sale of property, plant and equipment | 3.99 | 1.70 |
| Inter-corporate loans | - | 2,735.77 |
| Investments in fixed deposits (net) | (158.90) | 60.59 |
| Income from investment property | - | 15.49 |
| Interest received | 10.09 | 90.69 |
| Dividend received | - | 61.65 |
| Net cash generated from/(used in) investing activities (B) | (177.93) | 514.41 |
| C. Cash flow from financing activities: | | |
| Proceeds from long term borrowings | 2,000.00 | - |
| Repayment of long term borrowings | (1,551.11) | (153.88) |
| Proceeds from short term borrowings | 89.00 | - |
| Share issue expenses | - | (3.63) |
| Dividend paid | (0.60) | (1.49) |
| Interest paid | (150.32) | (161.22) |
| Net cash generated from/(used in) financing activities (C) | 386.97 | (320.22) |
| Net increase/(decrease) in cash and cash equivalents (A+B+C) | 74.77 | (113.90) |
| Cash and cash equivalents at the beginning of the year | 6.77 | 120.67 |
| Cash and cash equivalents at the end of the period | 81.54 | 6.77 |
| a The above Standalone Statement of Cash Flows has been prepared under the "Indirect Method" as set out in Indian Accounting Standard (Ind-AS)-7 - Statement of Cash Flows. | | |
| b Cash and cash equivalents comprises of : (₹ in lacs) | | |
| Particulars | 31 March 2026 | 31 March 2025 |
| Cash on hand | - | 0.08 |
| Balances with Scheduled Commercial Banks : | - | - |
| - In current accounts | 81.54 | 6.69 |
| Deposits with maturity of less than 3 months | - | - |
| Closing cash and cash equivalents | 81.54 | 6.77 |

INSTITUTE OF CONTRACTING
CHARLOTTE, MARYLAND
26.10.1976

AI assistant

Intrasoft Technologies Limited Audit Report / Information 2026

61690_rns_2026-05-27_ff7c047e-037c-44cc-88e9-36865baabaac.pdf

Opinion

Basis for opinion

Management’s responsibilities for the Consolidated Financial Results

Auditor’s responsibilities for the audit of the consolidated financial results

Other matters

Notes:

Opinion

Basis for Opinion

Management's responsibilities for the standalone financial results

Auditor's responsibilities for the audit of the standalone financial results

Other Matters

INTRASOFT TECHNOLOGIES LIMITED

Statement of Audited Standalone Financial Results for the quarter and year ended 31 March 2026

Notes:

AI assistant

Intrasoft Technologies Limited — Audit Report / Information 2026

61690_rns_2026-05-27_ff7c047e-037c-44cc-88e9-36865baabaac.pdf

Opinion

Basis for opinion

Management’s responsibilities for the Consolidated Financial Results

Auditor’s responsibilities for the audit of the consolidated financial results

Other matters

Notes:

Opinion

Basis for Opinion

Management's responsibilities for the standalone financial results

Auditor's responsibilities for the audit of the standalone financial results

Other Matters

INTRASOFT TECHNOLOGIES LIMITED

Statement of Audited Standalone Financial Results for the quarter and year ended 31 March 2026

Notes:

More from Intrasoft Technologies Limited

Intrasoft Technologies Limited Audit Report / Information 2026