TATA

Ref. No.: TTL/COSEC/SE/2026-27/08

May 4, 2026

BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai- 400001, India
Scrip Code: 544028

National Stock Exchange of India Limited
Exchange Plaza, C-1, Block G,
Bandra Kurla Complex, Bandra (E),
Mumbai – 400 051, India
Trading symbol: TATATECH

Dear Sir / Madam,

Subject: Intimation of Outcome of Board Meeting

Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of Tata Technologies Limited ('the Company') at its meeting held today, i.e., May 4, 2026, has approved the following:

Audited Standalone and Consolidated Financial Results along with Auditor's Report thereon for the fourth quarter and financial year ended March 31, 2026. The Financial Results along with the Auditors' Report with an unmodified opinion are attached herewith
Recommend a final dividend of Rs. 8.35 and one-time special dividend of Rs. 3.35, aggregating to Rs. 11.70 per Equity share of Rs. 2 each of the Company for the financial year ended March 31, 2026, subject to tax. The dividend, if approved at the Annual General Meeting ('AGM'), shall be paid/dispatched within the statutory time limit of 30 days from the conclusion of the AGM

The aforesaid Financial Results and Reports are enclosed herewith.

The meeting of the Board of Directors commenced at 12.15 p.m. and concluded at 4.31 p.m.

The above information is being made available on the website of the Company www.tatatechnologies.com

This is for your information and records.

For Tata Technologies Limited

RAGHAV
MANOJ
MULAY

Digitally signed by
RAGHAV MANOJ
MULAY
Date: 2026.05.04
16:44:32 +05'30'

Raghav Mulay
Company Secretary and Compliance Officer

TATA TECHNOLOGIES
Tata Technologies Limited
Plot No 25, Rajiv Gandhi Infotech Park | Hinjawadi, Pune 411057 | India
Tel: +91 20 6652 9090 | Fax: +91 20 6652 9035
CIN L72200PN1994PLC013313
Email: [email protected]
Website: www.tatatechnologies.com

B S R & Co. LLP
Chartered Accountants
8th floor, Business Plaza
Westin Hotel Campus
36/3-B, Koregaon Park Annex
Mundhwa Road, Ghorpadi
Pune - 411 001, India
Telephone: +91 (20) 6747 7300
Fax: +91 (20) 6747 7100

Independent Auditor's Report

To the Board of Directors of Tata Technologies Limited

Report on the audit of the Consolidated Annual Financial Results

Opinion

We have audited the accompanying consolidated annual financial results of Tata Technologies Limited (hereinafter referred to as the “Holding Company”) and its subsidiaries (Holding Company and its subsidiaries together referred to as “the Group”), its associate for the year ended 31 March 2026, attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (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 report of other auditor on separate audited financial statements of the subsidiary, the aforesaid consolidated annual financial results:

a. include the annual financial results of the entities mentioned in Annexure I to the aforesaid consolidated annual financial results;
b. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
c. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India, of consolidated net profit and other comprehensive income and other financial information of the Group for the year ended 31 March 2026.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Annual Financial Results section of our report. We are independent of the Group and its associate 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 along with the consideration of report of the other auditor referred to in sub paragraph no. a of the “Other Matters” paragraph below, is sufficient and appropriate to provide a basis for our opinion on the consolidated annual financial results.

Management’s and Board of Directors’/Board of Trustees’ Responsibilities for the Consolidated Annual Financial Results

These consolidated annual financial results have been prepared on the basis of the consolidated annual financial statements.

The Holding Company’s Management and the Board of Directors are responsible for the preparation and presentation of these consolidated annual financial results that give a true and fair view of the consolidated net profit/ loss and other comprehensive income and other financial information of the Group including its associate in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other

B S R & Co. (a partnership firm with Registration No. BAB1223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013
Registered Office:
14th Floor, Central B Wing and North C Wing, Newar 1, Pune -Chavalan -11000, Pune
Center, Western Express Highway, Goregaon (East), Kordya -40700
Page 1 of 5
Annex G 2015
Pune -411001
India

B S R & Co. LLP

Independent Auditor's Report (Continued)

Tata Technologies Limited

accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors/Board of Trustees of Employee Stock Option Trust included in the Group and the respective Management and Board of Directors of its associate are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of each company/Employee Stock Option Trust 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 annual 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 the consolidated annual financial results by the Management and the Board of Directors of the Holding Company, as aforesaid.

In preparing the consolidated annual financial results, the respective Management and the Board of Directors of the companies/Board of Trustees of Employee Stock Option Trust included in the Group and the respective Management and Board of Directors of its associate are responsible for assessing the ability of each company/Employee Stock Option Trust 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/Board of Trustees either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies/Board of Trustees of Employee Stock Option Trust included in the Group and the respective Management and Board of Directors of its associate is responsible for overseeing the financial reporting process of each company/Employee Stock Option Trust.

Auditor's Responsibilities for the Audit of the Consolidated Annual Financial Results

Our objectives are to obtain reasonable assurance about whether the consolidated annual 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 annual 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 annual 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 through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated annual financial results made by the Management and Board of Directors.
Conclude on the appropriateness of the Management's 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 appropriateness of this assumption. 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 annual financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on

Page 2 of 5
10/28/2017
10/28/2017
10/28/2017
10/28/2017

B S R & Co. LLP

Independent Auditor's Report (Continued)

Tata Technologies Limited

the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associate to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the consolidated annual financial results, including the disclosures, and whether the consolidated annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial statements of the entities and its associate to express an opinion on the consolidated annual financial results. We are responsible for the direction, supervision and performance of the audit of financial statements of such entities included in the consolidated annual financial results of which we are the independent auditors. For the other entities included in the consolidated annual financial results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audit carried out by them. We remain solely responsible for our audit opinion. Our responsibilities in this regard are further described in sub paragraph no. (a) of the "Other Matters" paragraph in this audit report.

We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated annual 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.

We also performed procedures in accordance with the circular No CIR/CFD/CMD1/44/2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

Other Matters

a. The consolidated annual financial results include the audited financial results of two subsidiaries, whose financial results/ information reflect Group's share of total assets (before consolidation adjustments) of Rs. 1,660.43 Cr as at 31 March 2026, Group's share of total revenue (before consolidation adjustments) of Rs. 1,565.63 Cr, Group's share of total net profit after tax (before consolidation adjustments) of Rs. 152.42 Cr and Group's share of net cash inflows (before consolidation adjustments) of Rs. 118.61 Cr for the year ended on that date, as considered in the consolidated annual financial results, which have been audited by their respective independent auditors. The consolidated annual financial results also include the Group's share of total net profit after tax of Rs. 24.02 Cr for the year ended 31 March 2026, as considered in the consolidated annual financial results, in respect of one associate, whose financial information / result has been audited by their respective independent auditors. The independent auditor's reports on financial statements of these have been furnished to us by the management.

Our opinion on the consolidated annual financial results, in so far as it relates to the amounts and disclosures included in respect of these, is based solely on the reports of such auditors and the procedures performed by us are as stated in paragraph above.

One of these subsidiary is located outside India whose financial statements have been prepared in accordance with accounting principles generally accepted in its respective country and which have been audited by other auditor under generally accepted auditing standards applicable in its respective country. The Holding Company's management has converted the financial statements of such subsidiary located outside India from accounting principles generally accepted in its respective country to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Holding Company's management. Our opinion in so far as it relates to the balances and affairs of such subsidiary located outside India is based on the report of other auditor and the conversion adjustments prepared by the management of the Holding Company and audited

Page 3 of 5

by us.

Our opinion on the consolidated annual financial results is not modified in respect of the above matters with respect to our reliance on the work done and the report of the other auditors.

b. The consolidated annual financial results include the results for the quarter ended 31 March 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year.

For B S R & Co. LLP
Chartered Accountants
Firm's Registration No.: 101248W/W-100022

Swapnil Dakshindas
Partner
Membership No.: 113896
UDIN: 261138960XCMLQ4596

Mumbai
04 May 2026

Page 4 of 5

Annexure I

List of entities included in consolidated annual financial results.

Sr. No	Name of component	Relationship
1	Tata Technologies Pte. Limited	Direct Subsidiary
2	Tata Technologies Limited Employees Stock Option Trust	Direct Subsidiary
3	INCAT International Limited ESOP 2000	Step down subsidiary
4	Tata Technologies (Thailand) Limited	Step down subsidiary
5	Tata Manufacturing Technologies (Shanghai) Co. Limited	Step down subsidiary
6	INCAT International Plc.	Step down subsidiary
7	Tata Technologies Europe Limited	Step down subsidiary
8	Tata Technologies Nordics AB	Step down subsidiary
9	Tata Technologies GmbH	Step down subsidiary
10	Tata Technologies Inc.	Step down subsidiary
11	Tata Technologies De Mexico, S.A. de C.V	Step down subsidiary
12	Cambric Limited, Bahama	Step down subsidiary
13	Tata Technologies SRL, Romania	Step down subsidiary
14	Es-Tec GmbH	Step down subsidiary
15	Engineering Systems and Technologies, S.L.	Step down subsidiary
16	GE-T GmbH	Step down subsidiary
17	Es-Tec Technologies (Hangzhou) Co. Ltd	Step down subsidiary
18	Es-Tec Systems and Technologies, S.a.r.l Morocco	Step down subsidiary
19	Es-Tec America Inc.	Step down subsidiary
20	BMW TechWorks India Private Limited	Associate

Page 5 of 5

TATA

TATA TECHNOLOGIES

Regd Office : Plot No 25, Rajiv Gandhi Infotech Park, Hinjawadi, Pune, India – 411 057
email: [email protected]
CIN:L72200PN1994PLC013313
website: www.tatatechnologies.com/in
₹ in crore (except per share data)

STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026
Particulars	Quarter ended			Year ended
		March 31, 2025	December 31, 2025	March 31, 2025	March 31, 2026	March 31, 2025
		Audited (Refer note 6)	Unaudited	Audited (Refer note 6)	Audited	Audited
I	Revenue from operations	1,572.22	1,365.73	1,285.65	5,505.57	5,168.45
II	Other income (net)	30.95	31.82	57.08	174.55	124.13
III	Total income (int)	1,603.18	1,397.55	1,342.73	5,680.12	5,292.58
IV	Expenses
	(a) Purchases of technology solutions	270.36	235.30	203.31	967.19	899.71
	(b) Outsourcing and consultancy charges	137.33	106.55	101.01	425.19	390.42
	(c) Employee benefits expense	762.67	697.74	626.27	2,737.42	2,488.93
	(d) Finance costs	15.81	9.11	4.81	34.12	19.63
	(e) Depreciation and amortisation expense	46.73	36.00	31.15	144.95	121.21
	(f) Other expenses	149.72	133.28	121.65	522.82	455.34
	Total expenses	1,362.62	1,217.99	1,088.20	4,831.69	4,378.24
V	Profit before share of profit in equity accounted investee, exceptional items and tax (III - IV)	220.56	179.56	254.53	848.43	917.34
VI	Share of profit of equity accounted investee	6.64	7.27	3.56	24.02	4.08
VII	Profit before exceptional items and tax (V + VI)	227.20	186.83	258.09	872.45	921.40
VIII	Exceptional Items	(56.13)	163.86	-	107.73	-
	i) Statutory impact of new Labour Codes (Refer note 3)	(56.13)	139.87	-	83.74	-
	ii) Costs related to business combination (Refer note 4)	-	23.99	-	23.99	-
IX	Profit before tax for the period/year (VII - VIII)	283.33	22.97	258.09	764.72	921.40
X	Tax expense
	(a) Current tax	123.57	38.45	81.93	292.68	325.96
	(b) Deferred tax	(44.41)	(22.12)	(12.71)	(74.55)	(81.51)
	Total tax expense (net)	79.16	16.33	69.22	218.13	244.45
XI	Profit for the period/year (IX - X)	204.17	6.64	188.87	546.59	676.95
	Attributable to:
	Shareholders of the Company	204.17	6.64	188.87	546.59	676.95
XII	Other comprehensive income/(loss)
	Items that will not be reclassified to profit or loss:
	(i) Remeasurement of defined employee benefit plans	16.33	(1.15)	(0.91)	12.58	1.29
	(ii) Income tax credit/ (expense) relating to above items	(4.04)	0.29	0.23	(3.17)	(0.32)
	Items that will be reclassified to profit or loss:
	(i) Exchange differences on translation of financial statements of foreign operations	119.06	5.68	34.43	258.65	79.36
	Total other comprehensive income for the period/year	131.05	4.82	33.75	266.06	80.33
XIII	Total comprehensive income (net of tax) for the period/year (XI + XII)	335.22	11.46	222.62	812.65	757.28
	Attributable to:
	Shareholders of the Company	335.22	11.46	222.62	812.65	757.28
XIV	Paid-up equity share capital (face value of ₹2 each)	81.20	81.15	81.13	81.20	81.13
XV	Other equity				3,642.17	3,498.28
XVI	Earnings per share (EPS)
	Equity shares (face value of ₹2 each):
	(a) Basic EPS	5.03	0.16	4.66	13.47	16.69
	(b) Diluted EPS	5.03	0.16	4.66	13.47	16.68
		Not annualised

TATA

TATA TECHNOLOGIES

Regd Office : Plot No 25, Rajiv Gandhi Infotech Park, Hinjawadi, Pune, India – 411 057

email: [email protected]

CIN:L72200PN1994PLC013313

website: www.tatatechnologies.com/in

(₹ in crore)

CONSOLIDATED BALANCE SHEET
	As at March 31, 2025	As at March 31, 2025
	Audited	Audited
I. ASSETS
(1) Non-current Assets
(a) Property, plant and equipment	99.93	100.11
(b) Capital work-in-progress	0.63	-
(c) Right-to-use-asset	196.25	160.74
(d) Goodwill	1,351.25	818.09
(e) Other intangible assets	407.35	51.31
(f) Intangible assets under development	14.77	-
(g) Investments accounted for using the equity method	25.65	4.07
(h) Financial assets:
(i) Investments	0.01	-
(ii) Loans	15.00	-
(iii) Other financial assets	343.42	283.43
(i) Deferred tax assets (net)	444.25	341.52
(j) Income tax assets (net)	25.31	55.19
(k) Other non-current assets	221.96	176.96
Total Non-current Assets	3,145.78	1,991.42
(2) Current Assets
(a) Financial assets:
(i) Investments	797.81	611.72
(ii) Trade receivables
(a) Billed	922.60	771.11
(b) Unbilled	264.26	234.44
(iii) Cash and cash equivalents	682.34	667.49
(iv) Other bank balances	32.83	235.08
(v) Loans	301.78	50.45
(vi) Other financial assets	85.91	46.89
(b) Income tax assets (net)	10.84	50.91
(c) Other current assets	2,709.31	2,004.72
Total Current Assets	5,807.68	4,672.81
Total assets	8,953.46	6,664.23
II. EQUITY AND LIABILITIES
(1) Equity
(a) Equity share capital	81.20	81.13
(b) Other equity	3,842.17	3,498.29
Total Equity	3,923.37	3,579.42
Liabilities
(2) Non-current liabilities
(a) Financial liabilities:
(i) Borrowings	588.99	-
(ii) Lease liabilities	196.29	185.69
(iii) Other financial liabilities	149.99	0.51
(b) Provisions	61.27	32.80
(c) Deferred tax liabilities (net)	93.31	-
(d) Other non-current liabilities	149.57	182.81
Total Non-current liabilities	1,239.42	401.81
(3) Current liabilities
(a) Financial liabilities:
(i) Borrowings	76.57	-
(ii) Lease liabilities	76.13	50.89
(iii) Trade payables
(a) Total outstanding dues of micro enterprises and small enterprises; and	2.30	32.65
(b) Total outstanding dues of creditors other than micro enterprises and small enterprises	579.06	444.07
(iv) Other financial liabilities	33.54	21.19
(b) Other current liabilities	2,718.33	1,938.60
(c) Provisions	88.09	26.74
(d) Income tax liabilities (net)	216.65	188.86
Total Current liabilities	3,790.67	2,683.00
Total liabilities	5,030.09	3,084.81
Total Equity and Liabilities	8,953.46	6,664.23

TATA

Regd Office : Plot No 25, Rajiv Gandhi Infotech Park, Hinjawadi, Pune, India - 411 057

email: [email protected] CIN:L72200PN1994PLC013313 website: www.tatatechnologies.com/in

STATEMENT OF CONSOLIDATED CASH FLOWS
Particulars	year ended March 31, 2026	year ended March 31, 2025
	Audited	Audited
Cash flows from operating activities:
Profit for the year	546.59	676.95
Adjustments for:
Depreciation and amortisation	144.95	121.21
Share-based payments to employees	1.88	9.02
Current tax	292.68	325.96
Deferred tax	(74.55)	(81.51)
Profit on sale of investments	(19.85)	(12.42)
Profit on derecognition of lease liability/right to use assets	(0.61)	(0.05)
Profit on sale of tangible and intangible fixed assets	(0.95)	(0.68)
Share of profit in equity accounted investee	(24.02)	(4.06)
Interest income	(35.97)	(67.77)
Other Deferred Income & contractual assets remeasurement	(42.39)	(19.09)
Finance cost	34.12	19.63
Effect of exchange differences on translation of foreign currency cash & cash equivalent	-	1.67
Bad Debts & advances written off	15.67	0.14
Loss allowance on trade receivables and advances	(9.78)	8.36
Change in fair value of investments	(11.81)	(4.53)
Change in fair value of derivatives measured at FVTPL	4.85	2.29
Cash flows from operating activities before working capital changes	820.81	975.12
Working capital adjustments
Trade receivables - Billed	(53.13)	220.41
Trade receivables - Unbilled	(12.49)	(48.82)
Other financial assets	(32.82)	47.95
Other current assets	(649.37)	(578.46)
Current loans	0.39	(1.60)
Other non-current assets	(45.00)	(57.55)
Trade payables	17.91	(27.39)
Other non-current financial liabilities	(0.21)	(0.27)
Other current financial liabilities	1.33	9.82
Other current liabilities	805.28	471.67
Current provisions	59.94	(2.79)
Non-current provisions	41.05	5.22
Cash generated from operations	953.69	1,013.29
Income taxes paid (net)	(177.99)	(314.04)
Net cash generated from operating activities	775.70	699.25
Cash flows from investing activities:
Proceeds from sale of tangible and intangible property, plant and equipment	1.38	0.80
Dividend received	2.44	-
Payment for purchase of tangible and intangible fixed assets	(33.59)	(31.48)
Proceeds from sub lease receivable	4.76	4.51
Interest received on bank deposit and others	25.65	36.75
Deposits with banks	(570.35)	(1,272.66)
Proceeds from redemption of the bank deposits	626.70	1,391.72
Inter corporate deposits placed	(1,105.00)	(1,805.46)
Inter corporate deposits redeemed	838.96	2,007.50
Investment in Section 8 Company	(0.01)	-
Interest received from inter corporate deposit	4.78	24.22
Investment in Associate	-	(0.01)
Purchase of mutual funds	(2,001.40)	(1,080.45)
Proceeds from sale of mutual funds	1,846.97	616.03
Payment pursuant to acquisition of subsidiaries (net of cash acquired)	(512.21)	-
Net cash (used in) investing activities	(570.92)	(55.53)
Cash flows from financing activities:
Share application money received pending allotment	0.55	-
Proceeds from issue of shares including securities premium	3.50	-
Interest paid	(1.33)	(0.54)
Dividends paid	(476.61)	(416.48)
Proceeds from non-current borrowings	570.32	-
Repayment of lease liabilities	(80.80)	(69.37)
Net cash generated from / (used in) financing activities	15.63	(486.39)
Net decrease in cash and cash equivalents	(79.59)	124.33
Cash & cash equivalents at the beginning of the year	667.49	519.85
Add: Effect of foreign exchange on cash and cash equivalents (including translation adjustments on cash & bank balances of foreign subsidiaries)	94.44	23.31
Cash & cash equivalents at the end of the year	682.34	667.49

TATA

Regd Office : Plot No 25, Rajiv Gandhi Infotech Park, Hinjawadi, Pune, India – 411 057
email: [email protected] CIN:L72200PN1994PLC013313 website: www.tatatechnologies.com/in

Consolidated Segment wise Revenue and Results

IndAS 108 establishes standards for the way that business enterprises report information about operating segments and related disclosures about products and services, geographic areas, and major customers.

The chief operating decision maker ("CODM") reviews the performance of the Group on the basis of its vertical business units. Accordingly, the Group's reportable segments are its vertical business units of "Services" and "Technology Solutions". The Group's chief operating decision maker are the Board of Directors of the company.

The service segment include providing outsourced engineering and designing services and digital transformation services to global manufacturing clients while technology solution segment contains academia upskilling and reskilling solutions and value added reselling of software applications and solutions.

Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments and are not used by the CODM to allocate resources or review performance of the operating segments. Expenses which are not attributable or allocable to segments have been disclosed as unallocable expenses.

(₹ in crore)

	Particulars	Quarter ended			Year ended
		March 31, 2026	December 31, 2025	March 31, 2026	March 31, 2026	March 31, 2025
		Audited (Refer note 6)	Unaudited	Audited (Refer note 6)	Audited	Audited
A.	Segment Revenue:
I.	Services	1,219.61	1,060.22	1,024.07	4,256.30	4,027.36
II.	Technology solutions	352.61	305.51	281.58	1,249.27	1,141.09
	Total	1,572.22	1,365.73	1,285.65	5,505.57	5,168.45
B.	Segment results before other income, finance costs and tax:
I.	Services	357.24	304.16	347.53	1,231.81	1,303.91
II.	Technology solutions	70.49	52.82	51.16	231.91	208.02
	Total	427.73	356.98	398.69	1,463.72	1,511.93
	Other income	30.96	31.82	57.08	174.55	124.13
	Finance costs	(15.81)	(9.11)	(4.81)	(34.12)	(19.63)
	Unallocable expenditure *	(166.19)	(363.99)	(196.43)	(863.45)	(699.09)
	Share of profit of equity accounted investee	6.64	7.27	3.56	24.02	4.06
	Profit before tax	283.33	22.97	258.09	764.72	921.40

including exceptional items of (₹ 56.13 crore) and ₹ 107.73 crore for the quarter and year ended March 31, 2026 respectively. ₹ 163.86 crore during the quarter ended December 31, 2025 (Refer note 3 & 4)

Notes:

The above audited consolidated results were reviewed and recommended by the Audit Committee on May 04, 2026 and approved by the Board of Directors at its meeting held on May 04, 2026. The Statutory Auditors have audited the consolidated financial results for the quarter and year ended March 31, 2026 and have issued an unmodified opinion on the same.
These audited consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standard Rules), 2015 (as amended) and in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
On November 21, 2025, the Government of India notified the four Labour Codes - The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020, and The Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has evaluated and disclosed the incremental impact of these changes using the best information currently available, consistent with the guidance provided by the Institute of Chartered Accountants of India. The incremental impact for the year ended March 31, 2026, consisting of gratuity of ₹ 56.82 crore and long-term compensated absences of ₹ 26.92 crore primarily arises due to change in wage definition and has been recorded as Exceptional item. During the quarter ended March 31, 2026, the Company has taken certain clarifications on the gratuity payable and accordingly revised the provision arising due to Labour codes. The Company continues to monitor the finalisation of Central/ State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect based on such developments as needed.
During the year ended March 31, 2026, the Group, through its wholly owned subsidiary, Tata Technologies Pte Ltd (Singapore) completed 100% acquisition of Es-Tec GmbH, Germany and its subsidiaries (collectively called the Es-Tec Group), which are into the business of high end automotive engineering services with deep know-how in ADAS, Connected Driving, and Digital Engineering.

The total purchase consideration for this business combination comprises of:
i) fixed consideration of € 51.4 million (₹ 532.10 crore) paid on acquisition completion date November 27, 2025
ii) variable consideration up to € 14.6 million (₹ 151.77 crore) based on the achievement of operational milestones payable over the next 2 years.

At the reporting date, the purchase price allocation and fair value adjustments are provisional as per Ind AS 103. Accordingly, the Group has recognized Goodwill amounting to ₹ 406.72 crore and Customer related intangible assets of ₹ 365.32 crore. Acquisition related costs of ₹ 23.99 crore are included in exceptional items considering materiality and non-recurring nature of such costs. Pursuant to this acquisition, Es-Tec GmbH Group has become a step down subsidiary of Tata Technologies Ltd and has been consolidated into the Group's financial statements starting December 01, 2025 and are therefore not comparable with the results of previous periods to that extent.

To fund the above acquisition, Tata Technologies Pte Ltd has raised a long-term bank borrowing of US 60M on November 26, 2025 to be repaid over next 5 years. The financial corporate guarantee for this borrowing has been provided by the holding company, Tata Technologies Ltd.

During the year ended March 31, 2026, the Company has subscribed to 10% paid-up share capital amounting to ₹ 0.01 crore of Tata Motors Foundation, which has been incorporated under section 8 of Companies Act 2013 to further Corporate Social Responsibilities.
The figures for the quarter ended 31 March 2026 as reported in these financial results, are the balancing figures between the audited figures in respect of the full financial year and unaudited published year to date figures up to the end of the third quarter of the relevant financial year.
The audited consolidated financial results include 19 wholly-owned subsidiaries and one associate as on March 31, 2026.
Tata Motors Limited ("presently known as Tata Motors Passenger Vehicles Limited) ("TML"), the Holding Company of Tata Technologies Ltd, at its Board of Directors meeting held on August 1, 2024, approved a Composite Scheme of Arrangement involving the demerger of its Commercial Vehicle ("CV") business undertaking into TML Commercial Vehicles Limited and the merger of erstwhile Tata Motors Passenger Vehicles Limited with the existing listed company TML thereby resulting in two separate listed companies for the CV and Passenger Vehicle businesses. The scheme was approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, with appointed date of July 1, 2025. Pursuant to the Composite Scheme of Arrangement approved by the Hon'ble National Company Law Tribunal, Mumbai Bench, effective October 1, 2025, Tata Motors Passenger Vehicle Limited (formerly Tata Motors Limited) is the Holding Company of Tata Technologies Ltd.
On May 04, 2026, the Board of Directors have proposed a final dividend of ₹ 8.35 per share and a one-time special dividend of ₹ 3.35 per share in respect of the year ended March 31, 2026. The total proposed dividend for the year ended March 31, 2026 would be ₹ 11.70 per share, subject to approval of shareholders at the Annual General Meeting, and if approved, would result in a cash outflow of approximately ₹ 475.00 crore.
a. Mr. Vikrant Gandhe, held the office of Company Secretary of the Company till January 16, 2026. Mr. Raghav Mulay has assumed this office as Company Secretary effective April 14, 2026.
b. Mr. Balaje Rajan (DIN - 10749831) ceased to be a Non-Executive Non-Independent Director of the Company w.e.f. January 15, 2026 pursuant to his resignation. Mr. Dhiman Gupta (DIN - 09420213) is appointed as a Non-Executive Non-Independent Director of the Company w.e.f. January 16, 2026.
The audited consolidated results for the quarter and year ended March 31, 2026 are available on the Company's website at www.tatatechnologies.com/in/ and also on the website of BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com, where the shares of the Company are listed.

Date: May 04, 2026
Place: Mumbai

For and on behalf of the Board of Directors

Warren Harris
Chief Executive Officer and Managing Director
DIN: 02098548

Independent Auditor's Report

To the Board of Directors of Tata Technologies Limited