XSL/SE/2022-23/38 February 10, 2023

Sub: Outcome of the Board Meeting

Ref: Regulation 30, 33 & other applicable Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

This is to inform you that the Board of Directors of the Company at their meeting held today, February 10, 2023, have considered and approved, inter-alia, the following:

1. Unaudited Standalone and Consolidated financial results of the Company for the quarter and nine months ended December 31, 2022

We are enclosing herewith copy of unaudited financial results (Standalone and Consolidated) of the Company along with limited review report of the Statutory Auditor.

The results will be published in the newspapers in terms of Regulation 47(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in due course and will also be placed on the website of the Company.

Unaudited financial results (Standalone and Consolidated) of the Company for the quarter and nine months ended December 31, 2022 along with limited review report of the Statutory Auditor will also be placed on the website of the Company.

The meeting of the Board commenced at 12:30 P.M. and concluded at 02:25 P.M.

Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 including amendments thereof, Trading Window of Xchanging Solutions Limited will be opened from February 12, 2023.

You are requested to take the above information on record.

Thanking You,

Yours Sincerely, For Xchanging Solutions Limited

MAYANK JAIN Digitally signed by MAYANK JAIN Date: 2023.02.10 14:26:12 +05'30'

Mayank Jain Company Secretary & Compliance Officer Membership No. A26620

Address: Kalyani Tech Park - Survey N0 1, 6 & 24, Kundanhalli Village, K R Puram Hobli, Bangalore - 560066, Karnataka, India

Xchanging Solutions Limited, a DXC Technology Company

CIN: L72200KA2002PLC030072

Registered Office: Kalyani Tech Park - Survey no 1, 6 & 24, Kundanhalli Village, K R Puram Hobli, Bangalore – 560066, Karnataka, India T +91.(0) 80.43640000 www.dxc.com

* Chartered Accountants Deloitte Prestige Trade Tower, Level ¹⁹ = Haskins & Sells LLP Bengalur560 001 Karnataka, India

46, Palace Road, High Grounds

Tel: +91 80 6188 6000 Fax: +91 80 6188 6011

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF XCHANGING SOLUTIONS LIMITED

• 1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of XCHANGING SOLUTIONS LIMITED ("the Company"), for the quarter and nine months ended December 31, 2022 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section ¹³³ of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express ^a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation ³³of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For DELOITTE HASKINS & SELLS LLP

Chartered Accountants (Firm's Registration No. 117366W/W-100018)

wee < of

sa Gurvinder Singh (Partner) (Membership No. 110128) (UDIN: 23110128BGRDDN1251)

Place: Bengaluru Date: February 10, 2023

Regd. Office: One International Center, Tower 3, 32nd Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India (LLP Identification No. AAB-8737)

Xchanging Solutions Limited Registered Office : Kalyanl Tech Park - Survey No 1, 6 & 24, Kundanhalli Village, K R Puram Hobli, Bangalore — 560066, Karnataka, India GIN: L72200KA2002PLC030072 > a Tol: +91 6043640000 TECHNOLOGY

1. The above financial results of Xchanging Solutions Limited (the Company) have been reviewed and recommended by the Audit Committee to the Board, and approved by the Board of Directors at its meeting held on February 10, 2023. The Limited Review as required under Regulation 33 of SEBI (Listing Obiigations and Disclosures Regulations) 2015 has been completed by Deloitte Haskins & Sells

LLP, the statulory auditors of lhe Company. 3. In accordance wilh Ind AS 108 — "Operaling Segments" the Company has identified single operaling segment viz., segment. Information Technology (IT) services and accordingly the above results relate to this

4, Figures for the previous periods have been regrouped and reclassified, wherever necessary.

By Order of the Board of Directors

Men

Nachiket Vibhakar Sukhtankar Managing Director and Chief Executive Officer OIN - 08778377

' Chartered Accountants Deloitte Prestige Trade Tower, Level ^{19 a}46, Palace Road, High Grounds Haskins & Sells LLP Bengaluru-560 00% Karnataka, India

Tel: +91 80 6188 6000 Fax: +91 80 6188 6011

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF XCHANGING SOLUTIONS LIMITED

• 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of XCHANGING SOLUTIONS LIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), for the quarter and nine months ended December 31, 2022 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
• 1. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard ³⁴"Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 3, We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• 1. The Statement includes the results of the following entities:
• a. Xchanging Solutions (Singapore) Pte Ltd ("XSSPL") Wholly Owned Subsidiary of Parent Company;
• b. Xchanging Solutions USA Inc ("XSUI") Wholly Owned Subsidiary of Parent Company;
• c. Xchanging Solutions (Europe) Limited ("XSEL") Wholly Owned Subsidiary of Parent Company; (liquidated on August 13, 2021) .
• d. Nexplicit Infotech India Private Limited Wholly owned Subsidiary of XSUI.
• 1. Based on our review conducted and procedures performed as stated in paragraph ³ above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Deloitte Haskins & Sells LLP

1. The consolidated unaudited financial results includes the financial information of one subsidiary which has not been reviewed by their auditors, whose interim financial information reflect total assets of Rs. 75 lakhs as at December 31, 2022, total revenue of Rs. Nil for the quarter and nine months ended December 31, 2022, total loss after tax of Rs. 0.15 Lakhs and Rs. 14 Lakhs for the quarter and nine months ended December 31, 2022 respectively, and total comprehensive loss of Rs. 0.15 Lakhs and Rs. 14 lakhs for the quarter and nine months ended December 31, 2022 respectively. According to the information and explanations given to us by the Management, these interim financial information are not material to the Group.

Our Conclusion on the Statement is not modified in respect of our reliance on the interim information certified by the Management.

For Deloitte Haskins & Sells LLP

Chartered Accountants (Firm's Registration No. 117366W/W-100018)

"a ae ^f Pivinder Singh

(Partner) (Membership No. 110128) (UDIN: 23110128BGRDDM8437)

Place: Bengaluru Date: February 10, 2023

Xchanging Solutions Limited

Tel.: +91 8043640000 TECHNOLOGY

1. In accordance with Ind AS 108 — "Operaling Segments" the Group has i i single operaling S29) viz., Ir ion Th (IT) services and accordingly the above results relate to this segment.

2. Figures for the previous periods have bean regrouped and reclassified, wherever necessary.

By Order of the Board of Directors

MeN

Place : Mumbai Nachiket Vibhakar Sukhtankar Date : February 10, 2023 Managing Director and Chief Executive Officer DIN - 08776377