Intellect Design Arena Allots 1,59,601 Equity Shares Under ESOP Schemes

Intellect Design Arena Limited has announced the successful allotment of 1,59,601 equity shares under its Employee Stock Option Plans (ESOP) on February 24, 2026. The Stakeholders Relationship Committee of the Board of Directors approved this allotment through a circular resolution for eligible employees who exercised their stock options. ESOP Scheme Distribution The share allotment was distributed across three distinct employee stock option schemes operated by the company: ESOP Scheme Shares Allotted Intellect Stock Option Plan 2015 (ISOP 2015) 78,938 Intellect Stock Option Plan 2016 (ISOP 2016) 6,350 Intellect Incentive Plan Scheme 2018 (IIPS 2018) 74,313 Total Shares Allotted 1,59,601 Updated Share Capital Structure Following this allotment, the company's capital structure has been revised significantly. The total issued and subscribed share capital now stands at ₹69,78,13,120, divided into 13,95,62,624 equity shares with a face value of ₹5 each. The newly issued equity shares will rank pari-passu with existing shares, ensuring equal rights and privileges for all shareholders. Exercise Price Details The exercise prices varied across different schemes and grant tranches: ISOP 2015 Exercise Prices Price Range Amount (₹) Minimum 5.00 Mid-range 165.66 Maximum 204.57 ISOP 2016 Exercise Prices Price Range Amount (₹) Minimum 87.98 Mid-range 142.45 Maximum 173.91 IIPS 2018 Exercise Price Scheme Price (₹) IIPS 2018 5.00 Regulatory Compliance The company had previously received in-principle approvals from both major stock exchanges for all three ESOP schemes. The National Stock Exchange of India Limited and BSE Limited had granted approvals between 2016 and 2019 for the respective schemes. The allotment complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the guidelines under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Share Details and Trading The distinctive numbers for the newly issued shares range from 13,95,03,024 to 13,96,62,624. These shares carry the ISIN number INE306R01017 and will be available for trading in dematerialized form. No lock-in period applies to these shares, and no listing fees are payable for this allotment. The shares are identical in all respects to the existing equity shares of the company. Intellect Design Arena Limited announced that a leading Indian financial services group has selected its Purple Fabric platform to drive enterprise-scale AI transformation across its ecosystem. This engagement represents a major milestone for Purple Fabric in India and reinforces growing market confidence in governed, enterprise-ready AI platforms purpose-built for regulated financial institutions. The customer is a leading diversified financial services organisation with a strong digital-first strategy, offering a broad portfolio including consumer lending, merchant lending, insurance, payments, asset management, and wealth solutions. With deep technology integration and scalable infrastructure, the group focuses on delivering inclusive, intelligent, and frictionless financial services to millions across India. Strategic Multi-Entity Implementation Parameter: Details Initial Coverage: Five entities within the group Scope: Enterprise-scale AI transformation Platform: Purple Fabric Focus Areas: Operational intelligence, cross-functional collaboration, governance controls The mandate will initially cover five entities within the group, establishing a strong foundation for long-term enterprise-wide AI adoption. The platform will enable enhanced operational intelligence, cross-functional collaboration, stronger governance controls, and measurable business impact across core financial workflows. Built using First-Principles Thinking and reinforced by Design Thinking-led solution discovery, Purple Fabric integrates knowledge derived from over three decades of domain expertise and more than 20 million engineering hours. The platform offers a robust suite of enterprise-ready Digital Experts that are already deployed and trusted by global financial institutions. Purple Fabric Technology Architecture Purple Fabric enables enterprises to operationalise AI through four foundational technology stacks: Enterprise Knowledge Garden (PF EKG): Provides a unified, continuously updated domain data fabric Enterprise Digital Experts (PF EDE): Multi-agent orchestration layer that automates and augments enterprise tasks across credit, risk, compliance, and customer experience Enterprise Governance (PF Govern): Embeds observability, auditability, and fairness controls to ensure trust and regulatory compliance LLM Optimisation Hub (PF MOH): LLM-agnostic layer that optimises speed, accuracy, and cost through intelligent benchmarking and resource allocation Competitive Selection Process Evaluation Aspect: Details Duration: Eight months Assessment Methods: Deep-dive workshops, technical architecture assessments, structured boot camps Key Differentiators: Deterministic knowledge architecture, governance-first design, enterprise orchestration capabilities The mandate follows an extensive and highly competitive evaluation process spanning eight months. Intellect was assessed alongside multiple vendors through deep-dive workshops, rigorous technical architecture assessments, structured boot camps, and detailed multi-level discussions across business and technology leadership teams. Leadership Perspective and Market Expansion Ramanan S V, Chief Executive Officer, India and South Asia, Intellect Design Arena Limited, commented on the significance of this engagement: "India's financial services sector is entering a defining phase where AI must move beyond experimentation and become a structured enterprise capability. In regulated environments, intelligence must be governed, deterministic, and aligned to generating measurable business impact." This mandate comes at a time when Intellect is accelerating the expansion of Purple Fabric across enterprise and academic ecosystems in India. Recently, the company introduced Enterprise AI on Tap, a scalable model enabling enterprises to operationalise governed AI with measurable business outcomes. Intellect also launched Academic TeamSpace, designed to transform institutions into AI-ready campuses, and HR TeamSpace, focused on enhancing enterprise team productivity through structured AI collaboration. These initiatives were showcased at the India AI Impact Summit, where Intellect presented its vision for Business Impact AI, emphasising deterministic knowledge, enterprise governance, and operational intelligence for regulated industries. Together, these developments signal Intellect's commitment to building India's most trusted enterprise AI ecosystem. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. 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