Dear Shareholders,

FY26 has been a defining year of transition for LTM, marked by the Company’s renaming, rebranding, and articulation of a sharper strategic identity. This evolution has unfolded in an environment shaped by rapid technological change and heightened external uncertainty, where geopolitical developments and energy market dynamics continue to influence inflation, consumption patterns, and business demand.

In such conditions, LTM’s resilience is not incidental; it reflects disciplined choices, institutional strength, and sound governance that help the Company remain balanced through cycles.

During the year, there has been sustained engagement on key strategic priorities, including the pivot toward becoming an AI-centric organization and the simplification of the operating model. In this context, governance becomes even more critical — not only to ensure stability, but to enable purposeful transformation. The Board’s emphasis has been on ensuring that these shifts are pursued with clarity of direction and alignment with the Company’s long-term objectives.

In line with these priorities, the Board was strengthened through leadership transitions, with the appointment of Mr. Venu Lambu as CEO and Managing Director and the induction of Mr. Vipul Chandra as Whole-time Director and Chief Financial Officer. In parallel, targeted leadership additions aligned to our AI-driven priorities have further strengthened leadership depth to steer LTM’s next phase of growth and value creation.

These relationships continue to deepen, reflecting sustained client trust, increased strategic engagement, and a continued focus on long-term partnerships. This combined breadth across sectors and clients enhances structural strength while enabling the organization to expand its market relevance and build emerging segments alongside established ones.

The technology landscape has entered a new phase. While our industry has previously navigated major waves such as digital and cloud, artificial intelligence is fundamentally different. It is reshaping how knowledge is created, how decisions are taken, and how work is executed — while increasingly influencing client expectations and boardroom decision-making. Recognizing this shift, LTM has made focused investments in building AI-led capabilities and initiatives. Platforms such as BlueVerse™, alongside agent based and knowledge driven systems, are already enabling organizations to compete and win in this new agentic era.

As the operating environment evolves, execution standards become more demanding. Clients today operate with high governance thresholds, where responsiveness, reliability, and timely resolution are central to sustaining trust. In such an environment, disciplined execution is not just operational hygiene — it becomes a strategic differentiator that strengthens long-term partnerships.

Our people remain central to this journey. Our 88,000-strong workforce across 40+ countries represents a significant institutional capability — built through localized hiring, global capability frameworks, and sustained investments in AI-led skilling. Building this capability at scale, while preserving the values and culture that define the organization, reinforces our long-term competitiveness.

As we progress through becoming the Business Creativity Partner for the world’s largest enterprises, we remain committed to sustaining performance and Outcreating opportunities for all our stakeholders while upholding the principles of integrity, accountability, and long-term value creation.

On behalf of the Board, I thank the LTM leadership team and all associates for their commitment and contribution, and I thank you — our shareholders — for your continued trust and confidence in us.

Together, we Outcreate.

Regards,

S. N. Subrahmanyan
Chairman