Core Insights - Sify Digital Services Limited has appointed Mr. Som Satsangi as an Independent Director on its Board, bringing extensive experience from his previous role at Hewlett Packard, India [1][2] Company Overview - Sify Digital Services is a subsidiary of Sify Technologies Limited, focusing on IT and digital solutions, with a strong emphasis on cloud services to meet the evolving ICT needs of businesses [5][6] - The company operates state-of-the-art Data Centers and has the largest MPLS network in India, catering to a diverse clientele including start-ups, SMEs, and large enterprises [6][7] Leadership and Expertise - Mr. Som Satsangi has over 40 years of experience in the technology sector and has been instrumental in expanding HPE's presence in India, emphasizing customer success and innovation [2][3] - His leadership roles in various industry forums, including AMCHAM and the World Economic Forum, highlight his influence in shaping technology policies and initiatives [3] Strategic Vision - The Chairman of Sify, Mr. Raju Vegesna, expressed confidence that Mr. Satsangi's insights into the technology landscape will enhance Sify's IT service capabilities [4] - Mr. Satsangi aims to leverage his experience to support Sify's Board and Senior Management in driving digital transformation and leadership development [4]

Core Insights - Sify Technologies reported a 14% year-over-year revenue increase to 10.723 billion rupees and an 18% rise in EBITDA to 2.111 billion rupees, but incurred a loss after taxes of 388 million rupees on an IFRS basis [1] - The company is expanding its operational data center capacity and shifting its digital services revenue strategy, anticipating further growth and margin improvements within 12 to 18 months [1][7] Data Center Scale-Up and Strategic Capacity Expansion - Total operational data center capacity increased to 138 megawatts (MW) with the addition of 8.6 MW, and new campuses in Delhi and Chennai, each with a design capacity of 26 MW, were launched [2] - Two additional facilities in Mumbai, each planned for 52 MW, are under construction and expected to be operational later this financial year [2] AI-Ready Colocation Model as a Differentiator - Three campuses (Mumbai, Chennai, Noida) are now Nvidia-certified for 130 kilowatts per rack of liquid cooling, and Sify Technologies has introduced a "bring your own GPU" pay-per-use colocation offering targeting enterprise AI and global GPU owners [4][5] - This model allows clients to rent capacity for specialized AI applications without Sify holding GPU inventory risk [4] Deliberate Digital Services Shift Toward Annuity Revenue - The digital services segment's revenue remained flat year over year, contributing 22% to total revenue, as the company transitions from one-time projects to recurring service contracts [5][6] - Management indicated that this transition is compressing segment margins but expects profitability improvements within 12 to 18 months [5][6] Looking Ahead - Management anticipates seeing results from recent investments in data centers and digital services within 12 to 18 months, supported by ongoing capital expenditure and capacity build-outs [7] - While no explicit revenue or margin targets were provided, leadership described double-digit growth for fiscal 2026 as a "wish list" item [7]

[Earnings Call Information](index=1&type=section&id=Earnings%20Call%20Information) This section provides essential details for Sify's Q1 FY2025-26 earnings call, including date, time, and access information [Call Details](index=1&type=section&id=Call%20Details) This section provides the essential details for Sify's Q1 FY2025-26 earnings call, including the date, time, participant dial-in numbers, access code, live webcast link, and replay information | Detail | Information | | :--- | :--- | | **Date** | July 18, 2025 | | **Time (ET)** | 8:30 AM | | **Time (IST)** | 06:00 PM | | **U.S./Canada Toll-Free Dial-in** | +1-888-506-0062 | | **International Dial-in** | +1-973-528-0011 | | **Access Code** | 205616 | | **Live Webcast** | https://www.webcaster4.com/Webcast/Page/2184/52733 | | **Replay Availability** | Until July 25, 2025 | | **On the Call** | Mr. Raju Vegesna (Chairman), Mr. M P Vijay Kumar (ED & Group CFO) | [Q1 FY2025-26 Consolidated Financial Performance](index=1&type=section&id=Q1%20FY2025-26%20Consolidated%20Financial%20Performance) Sify reported Q1 FY2025-26 consolidated financial results, showing revenue and EBITDA growth despite a net loss for the period [Overview of Key Financials](index=1&type=section&id=Overview%20of%20Key%20Financials) Sify reported consolidated financial results for Q1 FY2025-26, with revenues increasing by 14% and EBITDA by 18% year-over-year, despite recording a net loss for the period | Metric | Q1 FY2025-26 (INR Million) | YoY Change | | :--- | :--- | :--- | | **Revenues** | 10,723 | +14% | | **EBITDA** | 2,111 | +18% | | **Loss for the period** | 389 | - | | **Loss before tax** | 322 | - | [Detailed Financial Highlights](index=1&type=section&id=Detailed%20Financial%20Highlights) This section provides a more detailed breakdown of key financial figures for the quarter, including revenue, EBITDA, profit/loss before tax, profit/loss after tax, and CAPEX, with comparative growth rates | Metric | Q1 FY2025-26 (INR Million) | Q1 FY2024-25 (INR Million) | YoY Change | | :--- | :--- | :--- | :--- | | **Revenue** | 10,723 | 9,421 | +14% | | **EBITDA** | 2,111 | 1,784 | +18% | | **Loss before tax** | (322) | 7 | - | | **Loss after tax** | (389) | (52) | - | | **CAPEX** | 2,874 | - | - | [Management Insights](index=1&type=section&id=Management%20Insights) Management commentary highlights India's IT transformation, Sify's strategic investments, and commitment to long-term value [Chairman's Commentary](index=1&type=section&id=Chairman%27s%20Commentary) Mr. Raju Vegesna, Chairman, highlighted India's significant IT transformation, driven by investments in technology, cloud adoption, and automation. He emphasized India's emergence as a creator of AI tools and a growth engine for integrated infrastructure - India is undergoing a **new generation of IT transformation**, with **significant investments** in technology, cloud adoption, and automation by public and private enterprises[4](index=4&type=chunk) - **Government policies** (Digital India, India AI Mission) and **regulatory clarity** are **attracting investments** in compute infrastructure, digital access, hyperscale data centers, and 5G[5](index=5&type=chunk) - India is rapidly evolving from an **AI consumer to a creator of AI tools**, frameworks, and domain-specific solutions, driving **robust demand for integrated infrastructure** supporting high-performance workloads and edge computing[7](index=7&type=chunk)[8](index=8&type=chunk) [CFO's Commentary](index=2&type=section&id=CFO%27s%20Commentary) Mr. M P Vijay Kumar, ED & Group CFO, reiterated the company's commitment to cost efficiency, fiscal discipline, and long-term value creation through rigorous risk management. He noted that current results reflect conscious trade-offs for future-ready capabilities, including depreciation, interest costs, and rising manpower expenses, while maintaining a strong cash balance - The company remains committed to **cost efficiency and fiscal discipline**, with investment decisions focused on **long-term value creation** and rigorous risk management[8](index=8&type=chunk) - Current financial results are impacted by **depreciation, interest costs, and rising manpower expenses**, which are considered **conscious trade-offs** for building future-ready capabilities[8](index=8&type=chunk) - Financial strategies are designed for **resilience and agility**, with a foundational commitment to sustainability beyond regulatory compliance, aiming for predictable, **long-term stakeholder value**[9](index=9&type=chunk) | Metric | Q1 FY2025-26 (INR Million) | | :--- | :--- | | **Cash balance at quarter end** | 3,861 | [Business Operations and Engagements](index=2&type=section&id=Business%20Operations%20and%20Engagements) Sify's operational highlights cover segment revenue, data center expansion, and new customer contracts [Operational Highlights](index=2&type=section&id=Operational%20Highlights) Sify's revenue split for the quarter was dominated by Network Services (41%) and Data Center Services (37%), with Digital Services contributing 22%. The company expanded its Data Center capacity by 8.6 MW and increased its fibre nodes by 10% year-over-year | Business Segment | Revenue Split (%) | | :--- | :--- | | **Network Services** | 41% | | **Data Center Services** | 37% | | **Digital Services** | 22% | - Sify commissioned **8.6 MW** of additional Data Center capacity during the quarter[11](index=11&type=chunk) - The company's fibre nodes increased by **10%** over the same quarter last year, reaching **1159 nodes** across India as of June 30, 2025[11](index=11&type=chunk) - Sify has deployed **9661 contracted SDWAN service points** across the country as of June 30, 2025[11](index=11&type=chunk) [Customer Engagements and New Contracts](index=3&type=section&id=Customer%20Engagements%20and%20New%20Contracts) Sify secured prominent new contracts across its Network, Data Center, and Digital services segments, demonstrating continued market penetration and expansion of its service offerings to diverse clients, including global IT leaders, banks, and manufacturers [Network Services Contracts](index=3&type=section&id=Network%20Services%20Contracts) New contracts in Network Services include dedicated capacity for a global IT leader, high-redundancy infrastructure for a spirit manufacturer, NAT Gateway setup for a private bank, MPLS builds for multiple foreign banks and tech companies, and managed SD WAN services for various banks - Contracted a global IT leader for **dedicated capacity** on Sify's National Long-Distance network[14](index=14&type=chunk) - Secured a contract with one of the world's largest spirit manufacturers for **high-redundancy network infrastructure**[14](index=14&type=chunk) - Signed multiple banks for **MPLS builds** and **managed SD WAN services**, including a private bank for **NAT Gateway setup**[14](index=14&type=chunk) - Signed an MSA with a **global telecommunication leader**[14](index=14&type=chunk) [Data Center Services Contracts](index=3&type=section&id=Data%20Center%20Services%20Contracts) Data Center Services saw new engagements including migration from competitors' data centers, movement from on-premise storage to Sify DC, Disaster Recovery services for a joint venture, and migrations to Sify's Cloud platform for logistics, portfolio management, and banking clients - An upcoming IT player migrated from a competitor's data center to **Sify Data Center**[14](index=14&type=chunk) - A foreign multinational in IT applications moved from on-premise storage to **Sify DC**[14](index=14&type=chunk) - A joint venture between a foreign insurance player and an Indian partner signed up for **Disaster Recovery services**[14](index=14&type=chunk) - Multiple clients, including a logistics major and a scheduled bank, contracted Sify to migrate from on-premise DC to its **Cloud platform**[14](index=14&type=chunk) [Digital Services Contracts](index=3&type=section&id=Digital%20Services%20Contracts) Digital Services secured contracts for greenfield cloud platform implementations for diverse groups, DRaaS, PaaS, and IaaS for manufacturers and banks, private cloud commissioning on-premise for a housing finance major, and on-premise security services for an FMCG and a private bank - A diversified financial services group, a healthcare consultancy, an infotech major, and an industrial machinery manufacturer signed up for **greenfield cloud platform implementation**[14](index=14&type=chunk) - A steel manufacturer, healthcare services provider, clean energy provider, private banks, and India's first private rail wheel and axle manufacturer signed up for services like **DRaaS, PaaS, and IaaS**[14](index=14&type=chunk) - A housing finance major contracted Sify for **private cloud commissioning on-premise**[14](index=14&type=chunk) - One of India's oldest FMCGs and a private bank signed up for **on-premise security services**[14](index=14&type=chunk) [Financial Statements and Performance Measures](index=4&type=section&id=Financial%20Statements%20and%20Performance%20Measures) This section details Sify's consolidated P&L, EBITDA, segment performance, and equity and debt positions [Consolidated Statement of Profit and Loss](index=4&type=section&id=Consolidated%20Statement%20of%20Profit%20and%20Loss) This section presents a comprehensive breakdown of Sify's consolidated revenues, costs, and profit/loss for the quarter ended June 2025, alongside comparative data for the previous year's quarter and the preceding quarter, highlighting key financial movements | Description | Quarter ended June 2025 (INR Million) | Quarter ended June 2024 (INR Million) | Quarter ended March 2025 (INR Million) | | :--- | :--- | :--- | :--- | | **Revenue** | 10,723 | 9,421 | 9,699 | | **Cost of Sales** | (6,574) | (5,961) | (5,869) | | **Gross Profit** | 4,149 | 3,460 | 3,830 | | **Selling, General and Administrative Expenses** | (2,018) | (1,676) | (1,977) | | **Depreciation and Amortisation expense** | (1,679) | (1,306) | (1,558) | | **Operating Profit** | 537 | 566 | 371 | | **Profit/(Loss) before income taxes** | (322) | 7 | (315) | | **Profit/(Loss) for the period** | (389) | (52) | (578) | [Management-defined Performance Measures (EBITDA)](index=4&type=section&id=Management-defined%20Performance%20Measures%20(EBITDA)) Sify utilizes EBITDA as a management-defined performance measure in its public communications, providing a reconciliation from operating profit. This non-IFRS measure is used to offer comprehensive information on the company's operating performance, though it may not be comparable to similar measures used by other entities - Sify uses **Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA)** as a management-defined performance measure in its public communications[16](index=16&type=chunk) - EBITDA is **not specified by IFRS Accounting Standards** and may **not be comparable to similar measures** used by other entities[16](index=16&type=chunk) | Description | Quarter ended June 2025 (INR Million) | Quarter ended June 2024 (INR Million) | Quarter ended March 2025 (INR Million) | | :--- | :--- | :--- | :--- | | **Operating Profit** | 537 | 566 | 371 | | **Add: Depreciation and Amortisation expense** | 1,679 | 1,306 | 1,558 | | **Less: Interest expenses on pension liabilities** | (1) | - | - | | **Less: Impairment loss on Investment** | (22) | - | - | | **Less: Other Income (including exchange gain/loss)** | (82) | (88) | (28) | | **EBITDA** | 2,111 | 1,784 | 1,901 | [Segment Reporting](index=5&type=section&id=Segment%20Reporting) Sify's segment reporting details the financial performance across Network Services, Data Center Services, and Digital Services. For Q1 FY2025-26, Network Services generated INR 4,379 million in external revenue, Data Center Services INR 3,961 million, and Digital Services INR 2,383 million, with Data Center Services showing the highest segment result | Particulars | Network Services (INR Million) | Data Center Services (INR Million) | Digital Services (INR Million) | Total (INR Million) | | :--- | :--- | :--- | :--- | :--- | | **External Revenue (June 2025)** | 4,379 | 3,961 | 2,383 | 10,723 | | **External Revenue (June 2024)** | 3,865 | 3,360 | 2,196 | 9,421 | | **Segment Result (June 2025)** | 633 | 1,791 | (257) | 2,167 | | **Segment Result (June 2024)** | 555 | 1,428 | (156) | 1,827 | [Equity and Debt](index=5&type=section&id=Equity%20and%20Debt) As of June 2025, Sify reported equity of INR 16,339 million, with long-term borrowings at INR 25,391 million and short-term borrowings at INR 8,791 million. The company's net debt stood at INR 30,321 million, reflecting an increase from the previous year | Particulars | June 2025 (INR Million) | June 2024 (INR Million) | March 2025 (INR Million) | | :--- | :--- | :--- | :--- | | **EQUITY** | 16,339 | 17,795 | 16,725 | | **BORROWINGS (Long term)** | 25,391 | 21,997 | 28,237 | | **BORROWINGS (Short term)** | 8,791 | 7,589 | 7,304 | | **Less: Cash Balance** | 3,861 | 6,471 | 6,836 | | **Net debt** | 30,321 | 23,115 | 28,705 | [Company Information](index=5&type=section&id=Company%20Information) Sify Technologies is India's comprehensive ICT service provider, focusing on cloud solutions and infrastructure [About Sify Technologies](index=5&type=section&id=About%20Sify%20Technologies) Sify Technologies is India's comprehensive ICT service and solution provider, recognized for corporate governance. It focuses on cloud-centric solutions for the digital economy, leveraging state-of-the-art data centers, a large MPLS network, and global technology partnerships to serve over 10,000 businesses across India and internationally - Sify Technologies is India's most comprehensive ICT service & solution provider, with **Cloud at the core of its portfolio**, addressing the changing ICT requirements of the digital economy[20](index=20&type=chunk)[21](index=21&type=chunk) - Its infrastructure includes **state-of-the-art Data Centers**, the **largest MPLS network**, and partnerships with global technology majors[22](index=22&type=chunk) - Sify serves over **10,000 businesses** across multiple verticals in more than **1700 cities in India**, with an international presence in North America, the United Kingdom, and Singapore[23](index=23&type=chunk) [Important Disclosures](index=7&type=section&id=Important%20Disclosures) This section provides disclaimers for non-IFRS measures and forward-looking statements, and contact information [Non-IFRS Measures Disclaimer](index=7&type=section&id=Non-IFRS%20Measures%20Disclaimer) This section clarifies that EBITDA, as presented, is a non-IFRS financial measure. It emphasizes that such measures may not be comparable to those used by other companies and should not be considered a substitute for IFRS-compliant financial statements - EBITDA is a **non-IFRS financial measure**, which may be calculated differently from and not comparable to similarly titled measures used by other entities[24](index=24&type=chunk) - Non-IFRS measures should **not be considered in isolation or as a substitute** for financial measures calculated in accordance with IFRS[24](index=24&type=chunk) [Forward-Looking Statements Disclaimer](index=7&type=section&id=Forward-Looking%20Statements%20Disclaimer) The press release contains forward-looking statements that are subject to risks and uncertainties, which could cause actual results to differ materially. Sify disclaims any duty to update these statements and advises readers to consult its Annual Report on Form 20-F for a discussion of associated risks - The press release contains **forward-looking statements** subject to risks and uncertainties that could cause actual results to differ materially[25](index=25&type=chunk) - Sify undertakes **no duty to update** any forward-looking statements[25](index=25&type=chunk) - Readers are advised to **refer to the 'Risk Factors' discussion** in the company's Annual Report on Form 20-F filed with the SEC for business risks[26](index=26&type=chunk) [Contact Information](index=7&type=section&id=Contact%20Information) This section provides contact details for Sify Technologies' Investor Relations and Public Relations, as well as their media agencies, for further inquiries - **Contact information** for Sify Technologies' Investor Relations & Public Relations (Mr. Praveen Krishna) and media agencies (20:20 Media, Weber Shandwick) is provided for further information[27](index=27&type=chunk)[28](index=28&type=chunk)

Financial Data and Key Metrics Changes - Revenue for Q1 FY 2025-2026 was INR 723 million, representing a 14% increase year-over-year [11] - EBITDA was INR 2,111 million, an 18% increase compared to the same quarter last year [12] - Loss before tax was INR 322 million, and loss after tax was INR 388 million [12] Business Line Data and Key Metrics Changes - Revenue split for the quarter: Network Services 41%, Data Center Colocation Services 37%, Digital IT Services 22% [10] - 8.6 megawatts of additional data center capacity was commissioned during the quarter [10] - The operational capacity available for sale reached 138 megawatts [15] Market Data and Key Metrics Changes - Sify has deployed approximately 9,473 contracted SD WAN service points across the country, with a 14% increase in fiber node services quarter-over-quarter [11] Company Strategy and Development Direction - The company is focusing on enabling AI workloads and attracting forward-thinking enterprises [12] - There is a commitment to cost efficiency and fiscal discipline while investing in future-ready capabilities [10] - The shift towards annuity revenues in the Digital IT Services segment is aimed at long-term growth [42] Management's Comments on Operating Environment and Future Outlook - Management believes India will be a growth engine for digital infrastructure, driven by government policies and a vibrant innovation ecosystem [7][8] - The company anticipates that results from investments made over the last two years will start to flow in within the next 12 to 18 months [26][45] Other Important Information - The company is evaluating various sources for raising capital, including potential IPOs for its digital services [40] - The digital services segment is transitioning from project-based revenues to recurring annuity services, which may initially result in flat top-line growth [42] Q&A Session Summary Question: What is the current operational capacity after the recent additions? - The operational capacity is now 138 megawatts after the addition of 8.6 megawatts [38] Question: What are the plans for new data center projects? - Two greenfield data center projects in Mumbai are under construction, each with a design capacity of 52 megawatts [17] Question: Can you explain the pay-per-use colocation AI model? - The model allows clients to bring their own GPUs and utilize Sify's facilities on a pay-per-use basis, with interest being shown from global clients [20][22] Question: When can we expect to see profitability improvements in the digital services segment? - Management expects to see losses shrink and operating performance improve over the next 12 to 18 months [45] Question: What is the outlook for EBITDA margins? - The data center business has an EBITDA margin of approximately 45%, while the network business is around 18% [55]

Core Insights - The company reported revenues of INR 10,723 million, reflecting a 14% increase year-over-year, and EBITDA of INR 2,111 million, an 18% increase compared to the same quarter last year [8][12] - The company experienced a loss for the period amounting to INR 389 million, with a loss before tax of INR 322 million [8][12] - The management emphasized India's potential in IT transformation and digital infrastructure, highlighting significant investments in technology and cloud adoption [4][5] Financial Performance - Revenue for the quarter was INR 10,723 million, up from INR 9,421 million in the same quarter last year [12] - EBITDA increased to INR 2,111 million from INR 1,784 million year-over-year [12] - The company incurred a loss after tax of INR 389 million, compared to a loss of INR 52 million in the same quarter last year [12][16] Business Highlights - The revenue split for the quarter was 41% from Network Services, 37% from Data Center Services, and 22% from Digital Services [11] - The company commissioned 8.6 MW of additional Data Center capacity during the quarter [11] - Sify has expanded its service network to 1,159 fibre nodes, a 10% increase from the same quarter last year [11] Management Commentary - The Chairman noted that India is poised to lead in digital transformation, driven by government initiatives and a vibrant innovation ecosystem [4][5] - The Group CFO reiterated the commitment to cost efficiency and fiscal discipline while navigating a complex business environment [6][7] Customer Engagements - Notable new contracts included services for a global IT leader, a large private bank, and various multinational companies across sectors such as healthcare, logistics, and financial services [10][11]

Group 1 - Sify Technologies Limited has appointed JPMorgan Chase Bank, N.A. as the successor depositary for its American Depositary Receipt (ADR) program, effective July 23, 2025 [1] - An amended and restated deposit agreement with JPMorgan has been established, and a registration statement on Form F-6 was filed with the SEC on July 10, 2025 [2] - Holders of outstanding ADRs do not need to take any action regarding the change of depositary, as JPMorgan will notify all registered holders [3] Group 2 - Sify Technologies is recognized for its corporate governance, having won the Golden Peacock award multiple times, and is a leading ICT service and solution provider in India [4] - The company focuses on the evolving ICT needs of the digital economy, catering to businesses of all sizes with a comprehensive portfolio centered around cloud solutions [5] - Sify's infrastructure includes advanced Data Centers and the largest MPLS network, serving over 10,000 businesses across more than 1,700 cities in India, with international presence in North America, the UK, UAE, and Singapore [6]

Company Announcement - Sify Technologies Limited will report its unaudited IFRS financial results for the first quarter ended June 30, 2025, on July 18, 2025, before the market opens [1] - A conference call will be hosted by Mr. Raju Vegesna, Chairman of the Board, and Mr. M P Vijay Kumar, Executive Director & Group CFO, at 8:30 AM ET on the same day [2] Conference Call Details - Interested parties can participate in the conference call by dialing +1-888-506-0062 (Toll Free in the U.S. or Canada) or +1-973-528-0011 (International) [2] - The call will also be broadcast live over the Internet, with access available at Sify's investor relations website [2] Replay Information - An online archive of the Webcast will be available shortly after the conference call, with replay access until July 25, 2025 [4] Company Overview - Sify Technologies is recognized as India's leading Digital ICT solutions provider, focusing on Data Center, Cloud, Networks, Security, and Digital services [1][5] - The company has received multiple Golden Peacock awards for Corporate Governance and is positioned to meet the ICT requirements of the emerging Digital economy [5] Infrastructure and Market Presence - Sify's infrastructure includes state-of-the-art data centers and the largest MPLS network, making it a preferred choice for start-ups, SMEs, and large enterprises [6] - The company serves over 10,000 businesses across more than 1,700 cities in India and has an international presence in North America, the United Kingdom, and Singapore [7]

Core Points - Sify Technologies Ltd. has regained compliance with Nasdaq's continued listing requirements regarding board composition and audit committee independence [1][3] - The company had previously been non-compliant due to the resignation of Dr. Ajay Kumar from the Board [2] - The appointment of Dr. Ram Sewak Sharma as an independent director and member of the Audit Committee has resolved the compliance issue [3] Company Overview - Sify Technologies is recognized for its corporate governance, having won the Golden Peacock award multiple times [4] - The company is a leading integrated ICT service and solution provider in India, focusing on the digital economy [4] - Sify's infrastructure includes advanced Data Centers and the largest MPLS network, catering to various business sizes [5] Market Presence - Sify serves over 10,000 businesses across multiple sectors, operating in more than 1,700 cities in India [6] - The company also has an international presence in North America, the UK, UAE, and Singapore [6]

Core Insights - Sify Technologies Limited has appointed Dr. Ram Sewak Sharma as a new Director on its Board, bringing extensive experience in ICT and administrative reforms [1][5]. Company Overview - Sify Technologies is recognized as India's leading Digital ICT solutions provider, offering services in Data Center, Cloud, Networks, Security, and Digital services [1][7]. - The company has received multiple Golden Peacock awards for Corporate Governance, highlighting its commitment to ethical business practices [7]. Leadership and Expertise - Dr. Sharma has over four decades of experience in the Indian Administrative Service and has played a significant role in shaping India's ICT policies [2][4]. - He was the founding Director General of the Unique Identification Authority of India (UIDAI), where he was instrumental in launching Aadhaar, the world's largest biometric identity system [3][4]. - His background includes leadership roles in the telecom industry, including Chairman of the Telecom Regulatory Authority of India (TRAI) [4]. Strategic Vision - The Chairman of Sify, Mr. Raju Vegesna, expressed confidence that Dr. Sharma's experience will be a valuable asset as the company aims to strengthen its leadership position across various business segments [5]. - Dr. Sharma emphasized the importance of technology as a catalyst for implementing large-scale social welfare measures, which aligns with Sify's mission to scale its services [6]. Market Presence - Sify serves over 10,000 businesses across various sectors, leveraging its infrastructure of state-of-the-art Data Centers and the largest MPLS network in India [8][9]. - The company has a significant international presence, operating in North America, the United Kingdom, UAE, and Singapore, catering to a diverse clientele [9].

Core Viewpoint - Sify Technologies Ltd. is currently in non-compliance with Nasdaq Listing Rules due to the resignation of Dr. Ajay Kumar from its Board of Directors, which has created vacancies that need to be filled to regain compliance [1][2][3]. Compliance Issues - The resignation of Dr. Ajay Kumar has led to non-compliance with Nasdaq Listing Rule 5605(b)(1), which requires a majority of independent directors, and Rule 5605(c)(2), which mandates at least three members on the audit committee [1][2]. - The company has been granted a cure period to regain compliance, lasting until the earlier of its next annual shareholders' meeting or May 15, 2026, with specific compliance deadlines if the meeting occurs before November 11, 2025 [2][4]. Company Actions - The company is actively seeking to appoint another independent director to fill the vacancy left by Dr. Kumar's resignation and aims to comply with Nasdaq Listing Rules within the specified cure period [3][4]. - If compliance is achieved before the end of the cure period, the company must submit documentation to Nasdaq, including biographies of new directors [4]. Company Overview - Sify Technologies is recognized as a leading integrated ICT service and solution provider in India, focusing on digital and AI solutions to meet the demands of the emerging digital economy [7][8]. - The company operates a robust infrastructure, including state-of-the-art data centers and the largest MPLS network in India, catering to over 10,000 businesses across various sectors [8][9].