Datakosa Ltd Management Discussions

COMPANY PROFILE

Bodhtree Consulting Limited is a CMMI Level 5 organization dedicated to helping enterprises harness the transformative power of cloud computing, advanced analytics and digital technologies. By deploying and managing enterprise applications, integrating them seamlessly within existing IT ecosystems and maintaining them with diligence, we free business users to focus on what truly matters — their strategic priorities.

Our clientele spans Fortune 500 corporations and growth-oriented SMEs across a diverse range of industries. We bring deep vertical expertise to the Manufacturing, Healthcare, HiTech, Education and Government sectors, among others, delivering solutions specifically engineered to address each sectors most pressing challenges. At our core, we are a team of passionate problem-solvers — inquisitive, collaborative and driven by a commitment to excellence. We continuously embrace next- generation technologies and refine our delivery model to stay ahead in a rapidly evolving global landscape.

As a global IT consulting and product engineering services provider, Bodhtree develops and delivers technology solutions that untangle complex business challenges and catalyze meaningful, sustainable growth. Our standing as a select partner of industry-leading technology providers enables us to offer tailored, best-in-class solutions to both mid-market and large enterprise clients. Backed by extensive domain knowledge and deep technical expertise, our solutions integrate organically within existing IT infrastructures — maximizing performance, minimizing disruption and delivering a measurable return on technology investments.

The following discussion and analysis is intended to be read alongside the Companys financial statements and accompanying notes contained in this Annual Report. The financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) on a historical cost basis, except for certain financial instruments carried at fair value, and in compliance with the Companies Act, 2013 (the Act) and guidelines issued by the Securities and Exchange Board of India (SEBI). The applicable Ind AS have been prescribed under Section 133 of the Act, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time.

OVERVIEW OF THE INDUSTRY

The global software industry today is at an inflection point. Businesses engaged in the development, maintenance and publication of software operate across two broad models — traditional license and maintenance-based deployments (onpremises) and modern cloud-based delivery frameworks encompassing SaaS, PaaS, IaaS and a growing array of managed service models. Beyond software products, the industry also encompasses a wide spectrum of services including training, documentation, consulting and data recovery. Notably, the software and computer services sector consistently ranks among the highest R&D spenders globally, second only to pharmaceuticals and biotechnology as a share of net sales — a reflection of the innovation imperative that defines this industry.

The defining theme of the current era is intelligence — the embedding of Artificial Intelligence (AI) and Machine Learning (ML) capabilities across enterprise systems, workflows and decision-making processes. AI-powered platforms, particularly in the business intelligence and analytics domain, are fundamentally changing how enterprises interact with their data — enabling natural language querying, automated insight generation and predictive analytics at a scale previously unimaginable. Cloud- native architectures continue to accelerate this shift, providing the infrastructure backbone for scalable, real-time intelligence solutions. For companies like Bodhtree that are actively investing in this space, the opportunity ahead is both significant and timely.

The competitive landscape continues to be shaped by strategic consolidation — mergers, acquisitions and technology alliances among software vendors are broadening functional capabilities and expanding addressable markets. Meanwhile, the ubiquity of the internet has fundamentally expanded the canvas on which digital businesses operate, enabling new delivery models and global reach. The Company is well-positioned to ride these tailwinds, drawing on its technology investments, partnerships and domain expertise to serve clients across geographies and verticals.

OPPORTUNITIES AND THREATS:

Bodhtrees competitive strengths — spanning technical depth, client relationships, process maturity and a growing portfolio of proprietary technology — position the Company well to pursue growth in a dynamic and opportunity-rich environment. The following section outlines the key pillars that underpin our competitive positioning.

Product Engineering Services

Product engineering has been integral to Bodhtrees identity since inception, and it remains a cornerstone of our service portfolio. We deliver a comprehensive range of product engineering capabilities — spanning custom application development and maintenance, web development, outsourced product development, quality assurance and managed testing. Our adoption

of agile and scrum methodologies ensures that clients benefit from a highly iterative, collaborative development process that compresses time-to-market, reduces delivery risk and optimizes operational costs. The result is superior software, delivered faster.

Deep client relationships and brand:

We have long-standing relationships with large corporations and other organizations. Our track record in delivering high- quality solutions across the entire software life cycle and our strong domain expertise helps us to solidify these relationships and gain increased business from our existing clients. This history of client retention allows us to showcase and strengthen our brand.

Quality and process execution:

Quality is not an afterthought at Bodhtree — it is built into every engagement from the outset. Our robust process frameworks, quality standards and performance measurement systems enable us to consistently optimize delivery across critical dimensions: business value realized, productivity, output quality and time-to-delivery. This discipline in execution translates directly into client confidence and long-term engagement continuity.

Talent and Organizational Culture:

Our people are the foundation of everything we do. Bodhtree has cultivated a strong talent ecosystem that prioritizes attraction, development, engagement and retention. We invest purposefully in the growth of our workforce — through structured career development pathways, continuous learning initiatives and a culture that celebrates performance and innovation. Our open, collaborative environment empowers individuals to bring their best thinking to every challenge, and this collective capability is what ultimately differentiates us in the marketplace.

OVERVIEW OF OPERATIONS AND FINANCIAL PERFORMANCE:

The revenue for FY 2025-26 stood at 2,064.73 lakhs, with a Profit After Tax of 142.57 lakhs. The Companys overall financial performance during the year remained broadly stable relative to the preceding financial year.

Product Development - GenBI

The Company continued to make steady progress on GenBI, its AI-powered Business Intelligence platform, which forms an important part of its long-term technology and innovation roadmap. During FY 2025-26, GenBI advanced into the advanced beta stage, with User Acceptance Testing (UAT) being carried out with select customers and business users in Australia. These engagements focused on validating real-world enterprise use cases, optimizing performance, refining workflow integrations, and enhancing user experience across diverse business scenarios.

The platform demonstrated encouraging progress during the year, particularly in areas such as AI-assisted analytics, natural language-driven reporting, business intelligence automation, and enterprise data interaction capabilities — capabilities that the Company believes are increasingly central to enterprise decision-support environments. Feedback received through the ongoing UAT process is expected to further strengthen GenBIs enterprise readiness and scalability, with current development efforts centered on final refinements, optimization, security hardening, and deployment preparedness ahead of a broader commercial rollout.

GenBI is expected to be a key differentiator in the Companys enterprise analytics offerings going forward, and management remains optimistic about its potential to open new revenue opportunities and strengthen the Companys positioning in the AI-driven business intelligence market.

(Material updates on GenBI have been disclosed to the stock exchanges from time to time under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and are available on the Companys website and on BSE.)

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:

The Company holds accreditations under ISO 9001:2008, ISO 27001:2005 and CMMI Level 5 — a testament to its sustained commitment to quality, information security and process maturity. Beyond these certifications, the Company has put in place a comprehensive internal control framework that is appropriately calibrated to the scale and complexity of its operations.

The Quality Management System is reinforced through periodic internal quality audits and structured management review meetings, ensuring that processes are not only documented but actively monitored and continuously improved. Integration of ISO 9001:2008 and ISO 27001:2005 requirements across all departments creates a unified operational fabric, enabling consistent standards of quality and security to be maintained at every level of the organization. Continuity of ISO certification is ensured through regular surveillance audits conducted by independent external auditors.

The internal control environment is further strengthened by the appointment of Independent Internal Auditors who conduct systematic internal audits on a regular basis. The findings of internal audits are reviewed in conjunction with the external audit process and periodic management oversight, creating a multi-layered assurance mechanism that safeguards the integrity of the Companys financial reporting and operational processes.

HUMAN RESOURCES:

People remain at the heart of Bodhtrees operational philosophy. The Company has approached human resource management with a clear focus — building a lean, capable and motivated workforce aligned with long-term organizational objectives. We are committed to fostering a culture of ownership and belonging, where every individual feels valued and empowered to contribute meaningfully. The work environment at Bodhtree is designed to spark initiative, reward innovation and recognize performance at every level.

CAUTIONARY STATEMENT:

Certain statements contained in this Management Discussion and Analysis that describe the Companys objectives, projections, estimates, expectations or predictions may constitute forward-looking statements within the meaning of applicable securities laws and regulations. These statements are based on certain assumptions and expectations of future events, and actual results could differ materially from those expressed or implied, depending on circumstances that may arise. Factors that could cause results to differ from expectations include changes in Government regulations, patent laws and tax regimes, shifts in economic conditions within India or in countries where the Company operates, developments in litigation, and other related factors beyond the Companys control. Readers are cautioned not to place undue reliance on these forward-looking statements.