INTELLECT DESIGN ARENA LIMITED

Shareholders of Intellect Design Arena Limited

As a company listed on the NSE and BSE, Intellect Design Arena Limited does not publish a full shareholder register. Under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 it files a shareholding pattern with both exchanges after each quarter-end, showing holdings by category and naming only those holders above the disclosure threshold. The figures below are taken from the company’s shareholding pattern for the quarter ended 31 December 2025, filed with the exchanges and published on its investor-relations pages, and cross-checked against the shareholding tables in the annual reports for FY2024-25 and FY2025-26.

Total issued and paid-up equity at 31 December 2025 was 139,315,462 fully paid shares of Rs 5 each. There are no partly paid shares, no outstanding convertible securities or warrants and no depository receipts; employee stock options are outstanding.

Promoter and promoter group — 41,526,429 shares, 29.81% (three holders, none pledged or otherwise encumbered):

• Polaris Banyan Holding Private Limited — 31,861,000 shares, 22.87%
• Arun Jain — 7,556,321 shares, 5.42%
• Arun Jain (HUF) — 2,109,108 shares, 1.51%

Public shareholding — 97,789,033 shares, 70.19% across 113,370 holders, split as follows:

• Domestic institutions (DII) — 7.11%, comprising mutual funds 6.33% (of which Franklin India Technology Fund 3.76%), alternative investment funds 0.68%, other financial institutions 0.10% and banks a negligible holding. No insurance companies, pension or provident funds were recorded.
• Foreign institutions (FII/FPI) — 26.60%, comprising Foreign Portfolio Investors Category I 24.28% and Category II 2.32%. Individually disclosed Category I holders are Amansa Holdings Private Limited 7.06%, Atyant Capital India Fund I 1.60% and Gothic Corporation 1.55%.
• Non-institutions — 36.49%, comprising directors and their relatives (excluding independent and nominee directors) 3.96%, of which Manju Jain 2.56%; resident individuals holding nominal capital above Rs 2 lakh 8.10%; non-resident Indians 2.50%; bodies corporate 2.04%; and other categories 3.05%, including trusts 0.69%. Yogesh Andlay is separately disclosed at 1.83%.

The equivalent list of holders above 1% at 31 March 2025, published in the FY2024-25 annual report, was Polaris Banyan Holding Private Limited 22.95%, Amansa Holdings Private Limited 8.15%, Arun Jain 5.44%, Manju Jain 2.57%, Yogesh Andlay 1.84%, Arun Jain (HUF) 1.52%, Franklin India Opportunities Fund 1.50%, Mukul Mahavir Agrawal 1.44%, Franklin India Flexi Cap Fund 1.41%, Franklin India Smaller Companies Fund 1.41%, Gothic Corporation 1.37% and Atyant Capital India Fund I 1.22%.

Ultimate beneficial ownership

No single shareholder controls the company. The largest holder, Polaris Banyan Holding Private Limited, is classified in the exchange filings as a promoter body corporate holding 22.87% and is not a holding company of Intellect Design Arena Limited; the annual return in Form MGT-7 for FY2024-25 lists subsidiaries and associates only and records no holding company above Intellect.

The promoter group named in the filings consists of Polaris Banyan Holding Private Limited together with Arun Jain and Arun Jain (HUF); Arun Jain is also Chairman and Managing Director. The shareholding pattern for the quarter ended 31 December 2025 answers “Yes” to the question whether the listed entity has any significant beneficial owner, but the declarations filed under section 90 of the Companies Act, 2013 are not reproduced in the annual report, and the sources used here do not set out the beneficial ownership of Polaris Banyan Holding Private Limited. The chain is therefore followed only as far as the promoter entities named above.

Data availability

The shareholding record previously attached to this page consisted solely of foreign index-fund positions — iShares Core MSCI Emerging Markets ETF 19.81%, Vanguard Emerging Markets 25.4%, Vanguard FTSE All-World ex-US Small Cap 7.17%, SPDR Emerging Markets ETF 3.12% and iShares MSCI India Small Cap 2.44%. Those percentages cannot be reconciled with the company’s issued capital or with the categories in its statutory filings, in which total foreign portfolio investor holdings are 26.60% across 203 holders. That data was not used. Indian listed companies disclose beneficial ownership on a quarterly, category-based basis only; holdings below the disclosure thresholds, and the individual composition of the FPI and mutual-fund categories, are not published.

Directors and officers of Intellect Design Arena Limited

The following board composition is taken from the company’s FY2025-26 annual report and the corporate governance report contained in it, which reflects the position for the year ended 31 March 2026. Legal board roles are distinguished below from executive management titles, which do not of themselves carry directorship.

Board of directors

• Arun Jain (DIN 00580919) — Chairman and Managing Director (executive). Re-appointed as Managing Director for a further five-year term with effect from 21 August 2025.
• Anil Kumar Verma (DIN 01957168) — Whole-time Director (executive). Re-appointed for five years with effect from 1 February 2026.
• Andrew England — Non-Executive Director.
• Abhay Anant Gupte (DIN 00389288) — Independent Director. Re-appointed for a second five-year term with effect from 15 June 2025.
• Ambrish Pandey Jain (DIN 07068438) — Independent Director.
• Vijaya Sampath — Independent Director.
• D. Shivakumar (DIN 00364444) — Independent Director, appointed for a five-year term from 30 January 2026 to 29 January 2031.

Key managerial personnel

• Arun Jain — Chairman and Managing Director.
• Anil Kumar Verma — Whole-time Director (shown in the leadership section as Executive Director).
• Vasudha Subramaniam — Chief Financial Officer.
• Prakash Bharadwaj (ICSI membership A37214) — Company Secretary and Compliance Officer, and Nodal Officer for the Investor Education and Protection Fund Authority.

Senior executive management (not board members): Manish Maakan, Executive President and Group Chief Revenue Officer and Chief Executive Officer, Wholesale Banking; Rajesh Saxena, Chief Executive Officer, Consumer Banking; Banesh Prabhu, Chief Executive Officer, IntellectAI; Debanjan Kumar, Chief Executive Officer, Digital Technology for Commerce; and Ramanan SV, Chief Executive Officer, India and South Asia.

Recent officer changes

• 31 July 2025 — Vudali Venkata Naresh (V. V. Naresh, ICSI membership F8248) retired as Company Secretary and Compliance Officer with effect from the close of business on that date.
• 1 August 2025 — Prakash Bharadwaj appointed Company Secretary and Compliance Officer, and designated Nodal Officer, in his place. Both the retirement and the appointment were approved at the board meeting held on 25 July 2025.
• 30 January 2026 — D. Shivakumar appointed an Independent Director by the board; the appointment was approved by shareholders through postal ballot on 12 March 2026.

Data availability

The officer record previously attached to this page named two people as company secretary and compliance officer, which indicated that one entry was historical. The conflict is resolved by the company’s own governance disclosure: the FY2024-25 annual report, signed on 2 July 2025, shows V. V. Naresh as Company Secretary and Compliance Officer, while the FY2025-26 annual report records his retirement with effect from 31 July 2025 and the appointment of Prakash Bharadwaj with effect from 1 August 2025. Prakash Bharadwaj is therefore the incumbent and V. V. Naresh the predecessor. Arun Shekhar Aran, shown as an Independent Director in earlier filings, ceased to hold office on 26 June 2024. Nationality is not stated in the filings used and is recorded here as Not disclosed for every individual. Directors’ shareholdings are disclosed annually; at 31 March 2025 the company reported Arun Jain 5.44%, Anil Kumar Verma 0.17%, Ambrish Pandey Jain 0.006% and Vijaya Sampath 0.001%, with Andrew Ralph England holding nil.

Group structure of Intellect Design Arena Limited

No holding company sits above Intellect Design Arena Limited. Part III of the company’s annual return in Form MGT-7 for FY2024-25 records subsidiaries and associates only and names no holding company, and the audited consolidated accounts describe Intellect as the holding company of the group. The largest single shareholder, Polaris Banyan Holding Private Limited, is a promoter body corporate holding 22.87% at 31 December 2025 and does not control the company.

The FY2025-26 directors’ report states that at 31 March 2026 the company had 27 subsidiaries — 16 direct and 11 step-down — and 3 associate companies. The relationships below are taken from Form AOC-1 in the FY2025-26 annual report.

Data availability

The linkage record previously attached to this page is partial: it showed Intellect Design Arena Limited with only Intellect AI Technologies Limited (India) and Intellect Design Arena Inc. (United States) beneath it, and a further entity named Mozart Systems Corp. The real consolidation scope is 27 subsidiaries and 3 associates, as set out above; Intellect Design Arena Inc. is held indirectly through the Singapore subsidiary rather than directly. Mozart Systems Corp does not appear in Form AOC-1 in either the FY2024-25 or the FY2025-26 annual report and could not be verified from the sources used, so it is not carried forward here. The FY2025-26 directors’ report refers to 3 associate companies while Part B of Form AOC-1 details two, Adrenalin eSystems Limited and NMS Works Software Private Limited; the third is not separately identified in the extract used. The board approved a proposal on 16 March 2026 to enter a joint-venture arrangement with Fintel PLC (United Kingdom); no joint-venture entity was reported as incorporated at 31 March 2026. Percentages are as at 31 March 2026 except the promoter holding, which is as at 31 December 2025.