Your Directors have the pleasure in presenting the Thirty-Fifth (35^th ) Annual Report of your Company together with the
Audited Standalone & Consolidated Financial Statements for the Financial Year ended March 31, 2025.

FINANCIAL POSITION AND COMPANY’S STATE OF AFFAIRS

1. Financial Performance

The attached Financial Statements for the year ended March 31, 2025, have been prepared in accordance with Indian
Accounting Standards (Ind AS) consequent to the Notification of the Companies (Indian Accounting Standards)
Rules, 2015 issued by the Ministry of Corporate Affairs. The Standalone and Consolidated financial statements of the
Company, forming part of the Annual Report, have been prepared and presented in accordance with all the material
aspects of the Indian Accounting Standards (‘Ind AS') as notified under section 133 of the Companies Act 2013 read
with the Companies (Indian Accounting Standards) Rules 2015 (by Ministry of Corporate Affairs (‘MCA')) and relevant
amendment rules issued thereafter and guidelines issued by the Securities Exchange Board of India ("SEBI").

2. Financial Results

(' in lakhs)

Performance Review
Standalone Financial Statements

Your Company, during the year under review, earned total revenue of ' 13,130.18 against ' 10,479.98 lakhs over the
previous year. The profit before tax was ' 1,411.45 lakhs as against ' 1,607.22 lakhs in the previous year. The profit after
tax for the current year is ' 1,070.91 lakhs against ' 1,197.45 lakhs in the previous year.

Consolidated Financial Statements

The Consolidated Financial Statements of the Company and its subsidiaries for FY 2024-25 are prepared in compliance
with the applicable provisions of the Act and as stipulated under Regulation 33 of the Listing Regulations as well as
in accordance with the Indian Accounting Standards notified under the Companies (Indian Accounting Standards)
Rules, 2015. The Audited Consolidated Financial Statements, together with the Auditor's Report thereon, forms part of
this Annual Report.

Your Company, during the year under review, earned total revenue of ' 15,370.31 lakhs, against ' 11,651.11 lakhs over the
previous year. The profit before tax was ' 2,037.87 lakhs as against ' 1,999.89 lakhs in the previous year. The profit
after tax for the current year is ' 1,632.31 lakhs against ' 1,563.63 lakhs in the previous year.

Pursuant to the provisions of Section 136 of the Act, the Financial Statements of the Company, Consolidated Financial
Statements, along with relevant documents and separate annual accounts in respect of subsidiaries, are available on
the website of the Company. The annual accounts of the subsidiaries and related detailed information will be made
available to investors seeking information till the date of the AGM.

Your Company has complied with all the Acts, Rules, Regulations, and Guidelines issued/prescribed by the Securities
Exchange Board of India, Reserve Bank of India, Ministry of Corporate Affairs, and other statutory authorities.

3. Transfer to reserves

Your directors do not propose to transfer any amount to general reserves for the financial year ended March 31, 2025.

4. Investor Relations

Your Company always believes in striving hard in achieving excellence with adhering best practices in Investor
Relations while maintaining a relationship with Analysts and Investors.

In the Financial Year 2024-25, your Company has increased its interaction with investors through quarterly investor calls
via audio conferencing. The management, including the Managing Director, Whole-Time Directors, and Chief Financial
Officer, has communicated extensively with investors and Analysts and strives to continue this communication even
better in the coming years.

5. Dividend

Your Directors have pleasure in recommending a dividend of 50% i.e. ' 1.00/- per equity share of face value of ' 2/-
each for the financial year ended March 31, 2025, at their meeting held on May 16, 2025, amounting to '235.16 lakhs.
The dividend payout is subject to approval of members at the ensuing Annual General Meeting.

The Register of Members and Share Transfer Books will remain closed from Wednesday, September 23, 2025, to
Tuesday, September 30, 2025 (both days inclusive) for the purpose of payment of dividend for the financial year ended
March 31, 2025.

6. Dividend Distribution Policy

In terms of Regulation 43A of the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ("Listing Regulations"), the Company has formulated and adopted a Dividend
Distribution Policy with the objective of providing clarity to its stakeholders on the profit distribution strategies of
the Company. During the year, the said Policy has been reviewed by the Board of Directors of the Company and hosted
on the website of the Company at https://in10stech.com/investors/

7. Share capital

As at 31^st March, 2025, the total paid up Share capital of the Company is ' 4,70,32,398 /- divided into 23,516,199 Equity
Shares of ' 2/- each.

During the financial year, the Company raised funds for the allotment of 48,750 (Forty-Eight Thousand Seven Hundred
Fifty) equity shares of '2/- (Rupees Two only) each under the ESOP Scheme A 2009 and the ESOP Scheme 2005.The said
issue and allotment are in accordance with the (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.

8. Registered Office

The Company has shifted its Registered Office within the local limits of the city from A1, Vikrampuri, Secunderabad,
Telangana 500009, India to Unit # 01, The Headquarters, 10th Floor, Wing B, Orbit by Auro Realty, Knowledge City,
Raidurg, Lingampalli, K.V.Rangareddy, Serilingampally, Telangana, India, 500019. All the required e-forms have been
duly filed with the Ministry of Corporate Affairs (MCA).

9. Deposits

Your Company has not accepted any deposits from the Directors/ Shareholders/Public and as such falling within the
ambit of Sections 73 and 74 of the Companies Act, 2013, read with the Companies (Acceptance of Deposits) Rules,
2014, during the year under review and hence there are no unpaid/unclaimed deposits nor amount of principal or
interest on public deposits was outstanding as on the Balance Sheet date.

10. Buy-back of shares and disinvestment

The Company has not bought back any of its securities, and there was no disinvestment during the Financial Year
ended March 31, 2025.

11. Particulars of loans, guarantees, and investments

Details of loans, guarantees, and investments covered under the provisions of Section 186 of the Act are given in the
notes to the Financial Statements.

12. Particulars of Contract or Arrangements made with Related Parties

The particulars of contracts or arrangements with related parties as per Section 188 of the Companies Act, 2013
and rules and SEBI Listing Regulations made thereof as amended from time to time and as per the Related Party
Transaction (RPT) policy of the Company, during the financial year ended March 31, 2025, in prescribed Form AOC-2 is
annexed to this Board's Report (Annexure-I).

Further, there are no materially significant related party transactions during the year under review with Promoters,
Directors, Key Managerial Personnel's, and their relatives, which may have a potential conflict with interest of the
company at large. The related party transactions were placed before the audit committee and also with the Board
at their respective meetings for approval. All related party transactions entered during the year were in the ordinary
course of business and at arm's length basis. Details of the related party transactions during the year are part of the
financial statements forming part of this Annual Report.

The Company has formulated a Policy on Related Party Transactions and the manner of dealing with related party
transactions, which is available on the Company's website at https://www.in10stech.com/Investors. Further, in
compliance with Regulation 23(9) of SEBI (LODR), details of related party transactions are submitted on a half-yearly
basis to the Stock Exchanges and hosted on the Company's website.

13. Material changes and commitments affecting the financial position of the company between the end of the
financial year and the date of the report

There have been no material changes and commitments, which affect the financial position of the Company, that
have occurred between the end of the financial year to which the financial statements relate and the date of this
report.

14. Directors’ Responsibility Statement

Pursuant to the requirement under Section 134(5) of the Companies Act, 2013, your Directors confirm as under:

i. In the preparation of the annual accounts (Standalone & Consolidated) for the financial year 2024-25, the
applicable accounting standards read with requirements set out under Schedule III to the Companies Act, 2013
have been followed, and there are no material departures from the same.

ii. The Directors have selected such accounting policies and applied them consistently and made judgments and
estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of your
Company at the end of the financial year 2024-25 and the Profit of the Company for the year under review.

iii. The Directors have taken proper and sufficient care for the maintenance of adequate accounting records in
accordance with the provisions of the Companies Act, 2013, for safeguarding the assets of the Company and for
preventing and detecting fraud and other irregularities.

iv. The Directors have prepared the annual accounts on a ‘going concern' basis.

v. The Directors have laid down internal financial controls to be followed by the company, and that such internal
financial controls are adequate and operating effectively.

vi. The Directors have devised proper systems to ensure compliance with the provisions of all applicable laws, and
that such systems were adequate and operating effectively.

vii. The Directors further confirm that during the year under review, there were no instances of fraud reported by the
Auditors under Section 143(12) of the Companies Act, 2013.

>. Variation in market capitalization

Note: Data based on share prices quoted on BSE. A comparative analysis of the Company's share price movement with the BSE
Sensex/NSE Nifty is provided in the Corporate Governance Report.

16. Management Discussion and Analysis

In compliance with Regulation 34(3) read with Schedule V(B) of the SEBI (Listing Obligations & Disclosure
Requirements) Regulations, 2015, as amended from time to time, the Management's Discussion and Analysis is
provided in a separate section and forms an integral part of this Report.

In compliance with Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
the Business Responsibility and Sustainability Report (BRSR) also forms part of this Annual Report and is hosted on
the Company's website.

17. Revision of Financial Statements

There was no revision of the financial statements and Board Report of the Company during the year under review.
BUSINESS DESCRIPTION

18. Subsidiaries, Associates, and Joint Ventures

The Company has 3 (three) Wholly Owned Subsidiary Company(ies) (WOS):

a. “Intense Technologies FZE" in Hamriyah Free Zone, Hamriyah, United Arab Emirates (U.A.E).

b. “Intense Technologies INC" in Miami, Florida, United States of America (USA).

c. “Intense Technologies UK Limited" in 200 Brook Drive, Green Park, Reading RG2 6UB, United Kingdom (UK).

The performance and financial position of the subsidiary companies included in the consolidated financial statement
is provided in accordance with the provisions of Section 129 read with Rule 5 of the Companies (Accounts) Rules,
2014 containing the salient features of the financial statement of Company's subsidiary companies in Form AOC - 1
in “Annexure II" to this report.

The Company's Policy on determining material subsidiaries, as approved by the Board, is uploaded on the Company's
website at https://www.in10stech.com/Investors

There are no associates or joint venture companies within the meaning of Section 2(6) of the Companies Act, 2013
(“Act"), and during the financial year under review, your Company has not added/removed any joint ventures or
associate companies.

In accordance with Section 136 of the Companies Act, 2013, the audited financial statements, including the
consolidated financial statements and related information of the Company and audited accounts of its wholly-owned
Subsidiary, are available on the website of your Company, www.in10stech.com. These documents will also be available
for inspection during the business hours of the Company at its registered office in Unit #01, The Headquarters, 10^th
Floor, Wing B, Orbit by Auro Realty, Knowledge City, Raidurg, Ranga Reddy, Hyderabad-500019, India.

19. Research & Development

The company places strong emphasis on Research and Development (R&D), which is a cornerstone of its product
innovation and growth strategy. All AI models, algorithms, and core technologies are developed in-house by our expert
R&D team, which stays at the forefront of advancements in artificial intelligence, machine learning, and industry best
practices.

20. Intense Employee Welfare Trust

At a meeting held on 17th May, 2024, the Board of Directors approved the formulation of an Employee Stock Option
Scheme viz. Intense Employee Stock Option Scheme 2024 (“Intense ESOP 2024" or “Scheme") in terms of the

Securities and Exchange Board of India (Share Based Employee Benefits & Sweat Equity) Regulations, 2021 (SEBI
SBEB and SE Regulations). The Board mandated the Nomination and Remuneration Committee to implement and
administer the Intense ESOP 2024. The Shareholders of the Company have approved ESOP 2024 on 30th July, 2024 by
way of postal ballot through remote e-voting under which the Company may create, offer and grant from time to time,
in one or more tranches, not exceeding 10,00,000 employee stock options to its employees as defined in the aforesaid
scheme working exclusively with the Company. As per the scheme equity shares of the Company would be acquired
through secondary acquisition on the platform of a recognized Stock Exchange for cash consideration by a trust
formed for this purpose viz. ‘Intense Employee Welfare Trust'. Each option when exercised would be converted into
one fully paid-up equity share of ' 2/- each of the Company. The options under ESOP 2024 would vest not earlier than
minimum vesting period of one year and not later than four years from the date of grant of options. The exercise price
shall be determined by Board (which shall for all purpose include the Nomination and Remuneration Committee). The
further details related thereto have been mentioned in the Scheme. For the year ended 31st March, 2025, since the
Company has not granted any option to its employees, the relevant disclosures are not applicable.

21. Directors and Key Managerial Personnel

Directors

Appointment/Re-appointment

In order to comply with the provisions of section 152 of the Companies Act, 2013 and rules applicable thereunder, Mr.
Tikam Sujan (DIN: 02137651), Non-Executive Director of the Company, is liable to retire by rotation and offers himself
for re-appointment.

Retirements and resignations:

During the year under review, the following Directors demitted Office upon their retirement with effect from 30^th
September 2024.

Declaration from Directors

Your Company has received necessary declaration from all directors stating that they are not debarred or disqualified
from being appointed or continuing as Directors of companies as per the Securities and Exchange Board of India,
Reserve Bank of India, Ministry of Corporate Affairs, or any such other Statutory Authority.

Independent Directors:

During the year under review, the following are the Independent Directors of the Company, in terms of Section 149 of
the Act:

science and technology, digitalization, human resources, strategy, auditing, tax and risk advisory services, financial
services, corporate governance, etc., and that they hold the highest standards of integrity.

Declaration by Independent Directors

Your Company has received necessary declaration from each independent director stating that they met the criteria
prescribed for independence under Section 149 of the Companies Act, 2013, and Regulation 25 of SEBI (Listing
Obligations & Disclosure Requirements) Regulations, 2015, and the Board has confirmed its veracity and taken the
same on record.

Familiarization Programme

These programmes aim to provide insights into the Company to enable the Independent Directors to understand
its business in depth and contribute significantly to the Company. The Board members are also regularly updated
on changes in the statutory provisions like changes in Corporate Laws, SEBI Regulations, Taxation Laws and People
related laws as applicable at the quarterly Board meetings. The Board members are also updated on the Risk universe
applicable to the Company's business.

The MD & WTDs of the Company conducts quarterly sessions with Board members sharing updates about the
Company's business strategy, operations and the key trends in the IT industry that are relevant for the Company.
These updates help the board members to keep abreast of the key changes and their impact on the Company.

The newly appointed Directors are given induction and orientation with respect to the Company's Vision, Core
purpose, Core Values and Business operations. In addition, detailed presentations are made on business environment,
performance of the Company at every Board Meeting.

The above initiatives help the Directors to understand the Company, its business and the regulatory framework in
which the Company operates and enables the Directors to fulfill their role/responsibility.

Key Managerial Personnel (‘KMP’):

During the year under review, the Company has the following persons as Key Managerial Personnel.

22. Committees of the Board

Currently, the Board has five committees i.e., Audit Committee, Nomination and Remuneration Committee, Corporate
Social Responsibility Committee, Stakeholders Relationship Committee and Risk Management Committee.

A detailed note on the Board and its committees is provided under the Corporate Governance Report section in this
Annual Report. The composition of the committees and compliances, as per the applicable provisions of the Act and
Rules, are as follows:

23. Policies

The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, mandated the formulation of certain
policies for all listed companies. All the corporate policies are available on the Company website (https://in10stech.
com/investors). The policies are reviewed periodically by the Board and updated based on need and new compliance
requirements.

In addition to its Code of Conduct and Ethics, kev policies that have been adopted bv the Company are as follows:

24. Health, Safety, and Environment protection

The Company is committed to excellence in safety, health, environment, and quality management. It accords highest
priority to the health and safety of its employees, customers, and other stakeholders as well as to the protection of
the environment. The management of your Company is focused on continuous improvement in these areas, which are
fundamental to the sustainable growth of the Company.

25. State of Company’s Affairs:

The past year has been one of renewed momentum and measurable progress for Intense Technologies, driven by
strategic initiatives, global expansion, and a sharper focus on future-ready innovations. To strengthen our position in
key markets, we established a new sales office in the United States, unlocking greater traction. Complementing this
expansion, we brought in seasoned sales leadership with deep domain expertise to sharpen our industry focus and
accelerate value creation for our customers.

Our strategic partnerships have further enhanced solution delivery and extended our global reach, ensuring enterprises
benefit from offerings designed to address operational gaps. At the heart of this agenda lies our investment in AI-
native innovation, with a deliberate focus on Generative AI, Agentic AI, and customer engagement platforms. These
advancements are not only shaping the future of enterprise workflows but are also delivering tangible business
outcomes, reducing operational costs, driving faster time-to-market, and enhancing customer lifetime value.

Our platforms have also been recognized by top-tier industry analyst firms like Gartner, IDC, Omdia, Aspire, Celent,
and QKS Group; acknowledging the strength of our product portfolio and thought leadership, further validating our
position as a trusted partner for enterprises navigating digital transformation.

Looking ahead, Intense Technologies remains committed to building intelligent, scalable platforms that simplify
complexity and empower enterprises to thrive in the digital-first economy. Our mission is clear: to deliver purpose-
led growth and create sustainable long-term value for clients, stakeholders, and shareholders alike

26. Future outlook:

Looking ahead, with continued focus on strengthening our presence in strategic geographies, expanding into new
territories, and nurturing green shoots with net-new domestic clients, we are laying the foundation for sustained
growth and deeper client engagement. Our operating model is designed to remain agile and efficient, with lean, high-
performing teams that combine domain expertise with execution excellence. At the same time, we are investing in
building talent in-house, ensuring that we have the right skills and capabilities to deliver innovation at scale while
maintaining cost efficiency.

Our green shoots across our platforms and services validate the strength of our strategy and reinforce our confidence
in the opportunities ahead. We continue to leverage our intellectual property and deep expertise in the customer
communications domain to enhance customer engagement, cut costs, and drive significant cost savings.

As we move forward, the fusion of AI for business advantage continues to be our motto; we aim to create ecosystems
that are intelligent, agile, and scalable. Our commitment is to help clients go beyond efficiency gains, to unlock new
growth models, transform customer experiences, and build resilience for the future.

27. Industrial relations

During the year under review, industrial relations remained cordial and stable. The directors wish to place on record
their sincere appreciation of the co-operation received from employees at all levels.

HUMAN RESOURCES

Your Company has taken several initiatives in the development of human resources, the most important asset of the
Company. Your Company takes pride in the commitment, competence, and dedication shown by its employees in all
areas of business and ensures that it provides a harmonious and cordial working environment to all its employees. To
ensure good human resources management, your Company focused on all aspects of the employee lifecycle. This provides
a holistic experience for the employee as well. During their tenure at the Company, employees are motivated through
various skill- development program, engagement, and volunteering programs. Your company has put in continued efforts
in building capabilities of Human Resources with adoption of specific and targeted interventions.

Your Company has a structured induction process at all locations and management development programs to upgrade
skills of managers. Objective appraisal systems based on Key Result Areas are in place for all employees. Your Company
is committed to nurturing, enhancing, and retaining talent through superior Learning & Organizational Development. This
is a part of Corporate HR function and is a critical pillar to support the organization's growth and its sustainability in the
long run. Some of the initiatives taken in this area are -

Communication:

Frequent, Transparent and Empathetic With associates working from home, your Company faced natural challenges
in ensuring that a distributed workforce stayed connected. Your Company communicated with urgency, transparency
and empathy to help associates adjust to the constantly changing conditions crises bring and to maintain a single
source of truth. Your Company created a live microsite to prioritize consistent and continuous communication. Your
Company launched newsletters that included messages from leaders, inspirational stories, training calendars, associate
engagements etc. Additionally, a new connect series was introduced to keep associates updated and inspired by external
speakers. This was a way to virtually connect, featuring global leaders from a cross section of industries.

Engagement:

Your Company used connected technologies to create meaningful experiences for associates working remotely and
organized several collaborative activities.

Hiring:

Your Company has taken proactive steps to introduce young talent that will thrive in the ‘new normal.' Your Company
gives fresh graduates the flexibility of remote work from home. Your Company has also expanded the use of the new-age
platform in the hiring process.

Learning:

During the year virtual learning gained momentum as your Company prioritized re-skilling and up-skilling through various
initiatives.

Diversity:

Creating a sense of Belonging, Your Company reinforced its commitment to being intentionally diverse. The associates
of your Company have helped drive future business in the ‘new normal.' Focused efforts were made towards generational
diversity as young leaders were developed through various programs.

28. Leadership:

The Company adopted new changes and changed the leadership paradigm and style of functioning. It warranted
being focused and yet open to revisiting strategies, taking bold risks, judiciously deploying resources, and above all,
working tirelessly till the desired results are achieved! The leaders helped rally their teams, kept the team engaged,
and communicated clear, crisp messages frequently while challenging conventional thinking. Your Company has
launched to drive towards high-performance culture, which ensures that key business initiatives and leaders' goals
are in sync and tracked regularly.

29. Employee Stock Option Plan

The ESOP Scheme(s) of the Company is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity)
Regulations, 2021.

A certificate from Auditors of the Company certifying that the Employee Stock Option Scheme of the Company is
implemented in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 and
in accordance with the resolutions passed in the General Body Meetings will be available for inspection in electronic
mode during the AGM to any person having right to attend the meeting.

The Disclosures pursuant to Regulation 14 of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations,
2021, read with SEBI Circular dated June 16, 2015, on ESOP disclosure forms a part of this Annual Report. (Annexure-III).

30. Particulars of Employees

Disclosures pertaining to remuneration and other details as required under Section 197(12) of the Act, read with
Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are annexed as
Annexure-IV to this report.

A statement containing the names of every employee employed throughout the financial year and in receipt of
remuneration of '1.02 crore or more per annum or employed for part of the year and in receipt of '8.50 lakh or more
in a month under Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
as amended from time to time are provided in this report

31. Prevention of Sexual Harassment (‘POSH’)

The Company has always believed in providing a safe and harassment free workplace for every woman working in the
Company's premises, through various interventions and practices. The Company has adopted a policy and constituted
the Internal Complaint Committee under Prevention of Sexual Harassment of Women at Workplace in accordance
with the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, as amended
from time to time.

The Company has received 1(one) complaint during the year.

The Company regularly conducts awareness programmes for its employees.

The following is the summary of sexual harassment complaints received and disposed of during the year:

Further details relating to POSH compliance are also disclosed in the Corporate Governance Report forming part of
this Annual Report.

32. Vigil Mechanism

The Board of Directors of the Company had adopted the Whistle Blower Policy in compliance with the provisions of
Section 177 of the Companies Act, 2013, and Regulation 22 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015. A mechanism has been established for employees to report concerns about unethical behaviour,
actual or suspected fraud, or violation of the Code of Conduct and Ethics. It also provides adequate safeguards against
the victimization of employees who avail of the mechanism and allows direct access to the Chairperson of the Audit
Committee in exceptional cases. The Audit Committee periodically reviews the functioning of whistle whistleblower
mechanism. No complaints have been received during the Financial Year ended March 31, 2025. No personnel have
been denied access to the Audit Committee during the Financial Year 2024-25.

The details of said vigil mechanism are given in the Corporate Governance Report, which forms part of this Annual
Report. A copy of the Whistle Blower Policy is available in the company's website i.e., https://in10stech.com/investors/

CORPORATE GOVERNANCE

33. Corporate Governance

Corporate governance is an ethically driven business process that is committed to values aimed at enhancing an
organization's brand and reputation. This is ensured by taking ethical business decisions and conducting business
with a firm commitment to values, while meeting stakeholders' expectations. It is imperative that your company's
affairs are managed in a fair and transparent manner. This is vital to gain and retain the trust of the stakeholders.

The Report on corporate governance for the year ended 31^st March 2025, pursuant to Regulation 34 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, forms part of the Annual Report.

34. Auditors’ certificate on Corporate Governance

As required by SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the auditor's certificate on
corporate governance regarding the compliance of conditions forms part of the Annual Report.

35. Governance and Compliance

The Secretarial and Legal functions of the Company ensure the maintenance of good governance within the
organization. They assist the business in functioning smoothly by being compliant at all times and providing strategic
business partnerships in the areas, including legislative expertise, corporate restructuring, regulatory changes, and
governance.

36. Governance Guidelines

The Company has adopted the Governance Guidelines on Board Effectiveness to fulfill its corporate governance
responsibility towards its stakeholders. The Governance Guidelines cover aspects relating to composition and role of
the Board, Chairman and Directors, Board diversity, definition of independence, Director's term, retirement age, and
Committees of the Board. It also covers aspects relating to nomination, appointment, induction, and development of

Directors, Directors' remuneration, subsidiary oversight, code of conduct, review of Board effectiveness, and mandates
of Committees of the Board.

37. Board Diversity

Your Company recognizes and embraces the importance of a diverse board for its success. Your Company believes
that a truly diverse board will leverage differences in thought, perspective, knowledge, skill, and industry experience,
cultural and geographical background, age, and gender, which will help the Company retain its competitive advantage.
The Board has adopted the Board Diversity Policy, which sets out the approach to diversity of the Board of Directors.
The Policy is available on the Company website at https://in10stech.com/investors/

38. Board Composition

It is desired to have an appropriate mix of Executive and Non-executive & and Independent and Women Directors to
maintain the independence of the Board and separate its functions of governance and management.

As on March 31, 2025, the Board had 8 members, consisting of 3 Executive directors, 1 Non-Executive Non-Independent
Director, 1 Non-Executive Independent Woman Director, and 3 Non-Executive Independent Directors.

The Board periodically evaluates the need for a change in its composition and size. The policy of your Company
on directors' appointment and remuneration, including criteria for determining qualifications, positive attributes,
independence of a director, and other matters as provided under Section 178(3) of the Companies Act, 2013, and SEBI
(Listing Obligations & Disclosure Requirements) Regulations, 2015, was adopted by the Board. It is affirmed that the
remuneration paid to the Director(s) is as per the terms laid out in the nomination and remuneration policy of the
Company.

39. Nomination and Remuneration Policy

The Board has, on the recommendation of the Nomination and Remuneration Committee, framed a policy for the
selection and appointment of Directors, Senior Management Personnel, and their remuneration. The Nomination and
Remuneration Policy adopted by the Board is available on the Company's website at https://in10stech.com/investors/

40. Board Evaluation

Pursuant to the provisions of the Companies Act, 2013 and Regulation 19 read with Schedule II, Part D of the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has
devised a policy on evaluating the performance of the Board of Directors, the Chairman, Committees, and Individual
Directors. The evaluation process was carried out during the year, and the summary of the evaluation reports was
presented to the Board. The Directors had positive feedback on the overall functioning of the Committees and the
Board. The suggestions made by the Directors in the evaluation process have been suitably incorporated into the
processes. In particular, the evaluation of Independent Directors was carried out on parameters such as participation
at meetings, objectivity and independent judgment, safeguarding minority interest, and overall contribution to Board
deliberations.

41. Procedure for Nomination and Appointment of Directors

The NRC is responsible for developing competency requirements for the Board based on the industry and strategy
of the Company. The Board composition analysis reflects an in-depth understanding of the Company, including its
strategies, environment, operations, financial condition, and compliance requirements.

NRC conducts a gap analysis to refresh the Board on a periodic basis, including each time a Director's appointment
or reappointment is required. The Committee is also responsible for reviewing the profiles of potential candidates
vis-a-vis the required competencies and meeting potential candidates, prior to making recommendations for their
nomination to the Board. At the time of appointment, specific requirements for the position, including the expert
knowledge expected, are communicated to the appointee.

During FY 2024-25, the Board had also identified the list of core skills, expertise, and competencies of the Board of
Directors as are required in the context of the businesses and sectors applicable to the Company and those actually
available with the Board. The Company has also mapped each of the skills, expertise, and competencies against the
names of the Board Members possessing the same.

42. Meetings of the Board

The Board met five times during the financial year 2024-25. The meeting details are provided in the Corporate
Governance report that forms part of this Annual Report. The maximum interval between any two meetings did not
exceed 120 days as prescribed in the Companies Act, 2013, and SEBI Listing Regulations.

43. Auditors and Auditors’ Report
Statutory Auditors

As per Section 139 of the Companies Act, 2013 (‘the Act'), read with the Companies (Audit and Auditors) Rules, 2014,
M/s. MSPR & Co., Chartered Accountants (Firm Registration No. 010152S), Hyderabad, were appointed as the statutory
auditors at the 31^st Annual General Meeting held on 30^th September, 2021, for a term of five (5) years from the conclusion
of the 31^st Annual General Meeting till the conclusion of the 36^th Annual General Meeting.

Pursuant to amendments in Section 139 of the Companies Act, 2013, the requirements to place the matter relating to
such appointment for ratification by members at every Annual General Meeting has been omitted with effect from 7th
May 2018. The Board of Directors is empowered to fix the remuneration of the Statutory Auditor on a yearly basis.

The Audit reports dated May 16, 2025, issued by M/s. MSPR & Co., Chartered Accountants (Firm Registration No.
010152S), Statutory Auditors on the Company's Standalone and Consolidated financial statements for the financial
year ended 2024-25 is part of the Annual Report. There has been no qualification, reservation or adverse remark in
their Report.

Audit Committee

During the year under review, the Audit Committee was comprised of three (3) Members out of which all three (3) are
Non-Executive Independent Directors. During the year, four (4) Audit Committee meetings were held, details of which
are provided in the Corporate Governance Report.

During the year under review, all the recommendations made by the Audit Committee were accepted by the Board of
Directors.

Secretarial Auditors

Pursuant to the provisions of Section 204 of the Companies Act, 2013 (“the Act"), the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014, and Regulation 24A of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations"), as amended, the Board of Directors, on the
recommendation of the Audit Committee, has approved the appointment of M/s. Puttaparthi Jagannatham & Co.,
a peer-reviewed firm of Company Secretaries based in Hyderabad, as the Secretarial Auditors of the Company for a
continuous term of five (5) financial years commencing from FY 2025-26 to FY 2029-30, subject to approval of the
shareholders.

The Secretarial Audit for the financial year ended March 31, 2025, was carried out by M/s. Puttaparthi Jagannatham
& Co., Practicing Company Secretaries. The Report given by Mr Navjyoth Puttaparthi (FCS 9896) (CP No: 16041), for
Puttaparthi Jagannatham & Co., Practicing Company Secretaries in Form MR-3, is annexed as Annexure-V and forms
an integral part of this Report.

The Secretarial Audit Report is self-explanatory and does not call for any further comments. The Secretarial Audit
Report does not contain any qualification, reservation, adverse remark, or disclaimer. During the year under review,
the Secretarial Auditors had not reported any matter under Section 143 (12) of the Act; therefore, no detail is required
to be disclosed under Section 134 (3)(ca) of the Act.

Secretarial Standards

Your Company is in compliance with all applicable Secretarial Standards issued by the Institute of Company
Secretaries of India, New Delhi, for the financial year ended March 31, 2025.

Internal Auditors

The Company has external firms of Chartered Accountants acting as internal auditors that review internal controls
and operating systems, and procedures as per the scope of audit. The Internal Audit Reports of the company are
reviewed by the Audit Committee on a quarterly basis.

The Board of Directors, on recommendation of the Audit Committee, appoints/re-appoints the Internal Auditors of
your Company every year in compliance with Section 138 of the Act, read with the Companies (Accounts) Rules, 2014.

The Board of Directors, has re-appointed M/s RP Rao & Co as the Internal Auditors of the Company for the year 2024¬
25, upon receiving their consent.

Cost Audit

As per the Cost Audit Orders, Cost Audit is not applicable to the Company for the financial year 2024-2025.
Declaration as per Section 134(3) (ca) of the Companies Act, 2013

During the year, the statutory auditors and secretarial auditor have not reported any instances of fraud committed by
or against the Company by its Directors/Officers/ Employees to the Audit Committee or Board under section 143(12)
of the Companies Act, 2013 and rules made thereof. Therefore, no detail is required to be disclosed under Section 134
(3) (ca) of the Act.

44. CEO & CFO Certification

The Whole-time Director and the Chief Financial Officer of the Company have given annual certification on financial
reporting and internal controls to the Board in terms of Regulation 17(8) of the SEBI (Listing Obligation & Disclosure
Requirements) Regulation, 2015.

The Whole-time Director and the Chief Financial Officer also give quarterly certification on financial results while
placing the financial results before the Board in terms of Regulation 33(2)(a) of the SEBI (Listing Obligation &
Disclosure Requirements) Regulation, 2015.

The annual certificate given by the Whole-time Director and the Chief Financial Officer forms part of the Annual
Report.

45. Internal Controls

The Company has put in place an adequate system of internal controls commensurate with its size and the nature of
its operations. The Company's internal control system covers the following aspects:

• Financial propriety of business transactions.

• Safeguarding the assets of the Company.

• Compliance with prevalent statutes, regulations, management authorization, policies, and procedures.

The Audit Committee of the Board periodically reviews audit plans, observations, and recommendations of the internal
and external auditors, with reference to the significant risk areas and adequacy of internal controls, and keeps the
Board of Directors informed of its observations, if any, from time to time.

46. Internal Financial Controls

Internal financial control systems of the Company are commensurate with its size and the nature of its operations.
These have been designed to provide reasonable assurance with regard to recording and providing reliable financial
and operational information, complying with applicable accounting standards and relevant statutes, safeguarding
assets from unauthorized use, executing transactions with proper authorisation, and ensuring compliance of corporate
policies. The Company has a well-defined delegation of authority with specified limits for approval of expenditure,
both capital and revenue. The Company uses an efficient accounting system to record day-to-day transactions for
accounting and financial reporting.

The Audit Committee deliberated with the members of the management, considered the systems as laid down, and
met the internal auditors and statutory auditors to ascertain their views on the internal financial control systems.
The Audit Committee satisfied itself as to the adequacy and effectiveness of the internal financial control system as
laid down and kept the Board of Directors informed.

However, the Company recognizes that no matter how the internal control framework is, it has inherent limitations
and accordingly, periodic audits and reviews are put in place to ensure that such systems are updated on regular
intervals.

Details of the internal control system are given in the Management Discussion and Analysis Report, which forms part
of this Annual Report.

47. Significant Material Orders Passed by the Regulators

There were no significant material orders passed by any Regulators/Courts that would impact the going concern
status of the Company and its future operations.

Your Company has complied with all the Acts, Rules, Regulations, and Guidelines issued/prescribed by the Securities
Exchange Board of India, Reserve Bank of India, Ministry of Corporate Affairs, and other statutory authorities.

48. Extract of the Annual Return

An Extract of Annual Return as per the provisions of Section 92 (3) and Section 134(3) of the Companies Act, 2013 and
Rule 12 of Companies (Management and Administration) Rules, 2014 as amended from time to time, is made available
on the website of the Company at https://in10stech.com/investors/

49. Transfer of Unclaimed Dividends/Shares

Pursuant to the provisions of Section 124 of the Act, Investor Education and Protection Fund Authority (Accounting,
Audit, Transfer and Refund) Rules, 2016 (“IEPF Rules") read with the relevant circulars and amendments thereto, the
amount of dividend remaining unpaid or unclaimed for a period of seven years from the due date is required to be
transferred to the Investor Education and Protection Fund (“IEPF"), constituted by the Central Government.

Your Company does not have any unclaimed dividends/Shares for a period of seven years. Therefore, there were no
funds which were required to be transferred to Investor Education and Protection Fund (IEPF).

Ms. Podugu Pratyusha is the Nodal Officer who is appointed by the Company under the provisions of IEPF.

50. Risk Management

Your Company has constituted a Risk Management Committee pursuant to Section 134 (3) (n) of the Companies
Act, 2013 & Regulation 21 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015, which has been
entrusted with the responsibility to assist the Board in (a) Overseeing and approving the Company's enterprise risk
management framework; and (b) Overseeing that all the risks that the organization faces such as strategic, financial,
credit, market, liquidity, security, property, Information Technology, legal, regulatory, reputational and other risks
have been identified and assessed and there is an adequate risk management infrastructure in place capable of
addressing those risks.

The Committee has formulated a Risk Management Policy for dealing with different kinds of risks which it faces in
the day-to-day operations of the Company. The Risk Management Policy of the Company outlines different kinds of
risks and risk mitigating measures to be adopted by the Board. The Risk Management Procedure shall be reviewed
by the Risk Management Committee and Board of Directors on a half-yearly basis at the time of review of Financial
Results of the Company.

The policy is available in the Company website: www.in10stech.com

51. Corporate Social Responsibility (CSR)

Your Company has been an early adopter of corporate social responsibility (CSR) initiatives. Your Company has made
Corporate Social Responsibility (CSR) an integral part of its ethos and culture. Your company has constituted a Corporate
Social Responsibility Committee (“CSR Committee") in accordance with Section 135 of the Companies Act, 2013.

The CSR Committee of the Board evaluated various options to implement the CSR activities and decided to contribute
the mandated CSR amount in such activities/ projects, which are in accordance with Schedule VII of the Companies Act,
2013, and the Company's CSR Policy. The Policy has been uploaded on the Company's website at www.in10stech.com.

A brief outline of the Corporate Social Responsibility (CSR) policy of the Company and the initiatives taken by the
Company on CSR activities during the year under review are set out in Annexure-VI of this report in the format
prescribed in the Companies (Corporate Social Responsibility Policy) Rules, 2014.

52. Conservation of energy, Technology absorption, Foreign Exchange earnings & outgo

The particulars as prescribed under Section 134(3)(m) of the Companies Act 2013, read with the Companies (Accounts)
Rules, 2014, are provided in Annexure-VII to the Board Report.

53. Prevention of Insider Trading Code

As per SEBI (Prohibition of Insider Trading) Regulation, 2015, as amended from time to time, the Company has adopted
a Code of Conduct for Prevention of Insider Trading. The Company has appointed a Company Secretary & Compliance
Officer of the Company, who is responsible for setting forth procedures and implementing of the code of conduct for
trading in the Company's securities. During the year under review, there has been due compliance with the said code.

54. Depository System

As the Members are aware, your Company's shares are tradable compulsorily in electronic form and your Company
has established connectivity with both National Securities Depository Limited (NSDL) and Central Depository Services
(India) Limited (CDSL). In view of the numerous advantages offered by the depository system, the members are
requested to avail the facility of Dematerialization of the Company's shares on NSDL & CDSL. The ISIN allotted to the
Company's Equity shares is INE781A01025.

55. Listing and Custodian Fees

The Company has paid listing fees for the financial year 2024-25 to BSE Limited and National Stock Exchange of India
Limited, where its shares are listed, paid before the due date. The annual custodian fees have also been paid to the
depositories before the due date.

56. Maternity Benefit provided by the Company under Maternity Benefit Act 1961

The Company declares that it has duly complied with the provisions of the Maternity Benefit Act, 1961. All eligible
women employees have been extended the statutory benefits prescribed under the Act, including paid maternity
leave, continuity of salary and service during the leave period, and post-maternity support such as nursing breaks
and flexible return-to-work options, as applicable. The Company remains committed to fostering an inclusive and
supportive work environment that upholds the rights and welfare of its women employees in accordance with
applicable laws.

57. AUDIT TRAIL APPLICABILITY (AUDIT AND AUDITORS) RULES 2014 - RULE 11 OF THE COMPANIES ACT 2013.

The Company has used accounting software for maintaining its books of account for the financial year ended March
31, 2025 which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year
for all relevant transactions recorded in the softwares.

As proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable from April 1, 2023, reporting under Rule
11(g) of the Companies (Audit and Auditors) Rules, 2014 on preservation of audit trail as per the statutory requirements
for record retention is not applicable for the financial year ended March 31, 2024.

58. APPOINTMENT OF DESIGNATED PERSON (MANAGEMENT AND ADMINISTRATION) RULES 2014 - RULE 9 OF THE
COMPANIES ACT 2013.

In accordance with Rule 9 of the Appointment of Designated Person (Management and Administration) Rules 2014, it
is essential for the company to designate a responsible individual for ensuring compliance with statutory obligations.

The company has proposed and appointed a Designated person in a Board meeting and the same has been reported
in Annual Return of the company.

59. Cautionary Statement

Statements in this Report, particularly those which relate to Management Discussion and Analysis as explained in
the Corporate Governance Report, describing the Company's objectives, projections, estimates, and expectations may
constitute ‘forward looking statements' within the meaning of applicable laws and regulations. Actual results might
differ materially from those either expressed or implied in the statement, depending on the circumstances.

60. Acknowledgement

Your Company has been able to operate efficiently because of the culture of professionalism, creativity, integrity and
continuous improvement in all functions and areas as well as the efficient utilization of the Company's resources for
sustainable and profitable growth.

The Board of Directors takes this opportunity to place on record their appreciation for the unstinted co-operation,
commitment, and dedication of all the employees of the Company, and the support extended by the channel partners,
customers, vendors, business associates, banks, government authorities and all concerned. The Directors are thankful
to the shareholders for their continued patronage.

Your Directors look forward to the long-term future with confidence.

For and on behalf of
Intense Technologies Limited

Sd/- Sd/-

C. K. Shastri Jayant Dwarkanath

Chairman & Managing Director Whole Time Director

(DIN: 00329398) (DIN: 00329597)

Registered Office

Unit #01, The Headquarters, 10^th Floor,

Wing B, Orbit by Auro Realty, Knowledge City, Raidurg, Ranga Reddy

Hyderabad - 500019

Telangana, India

CIN: L30007TG1990PLC011510

Ph: 91-040 45474621

E-mail: info@in10stech.com

Website: www.in10stech.com

Date: August 13, 2025
Place: Hyderabad