Dear Shareholders,

The past year marked a decisive shift in how value is created in our industry. Artificial Intelligence (AI) has moved beyond experimentation into enterprise-wide deployment, compressing innovation cycles and fundamentally altering how businesses operate, compete, and grow. This shift has unfolded alongside a more complex macroeconomic backdrop — characterized by geopolitical uncertainty, moderated global growth, and increasingly selective client spending — further sharpening the focus on value realization.

In this AI-driven landscape, access to technology is no longer a differentiator. What matters is how creatively and effectively technology is applied, how intelligently it is embedded into workflows, and how consistently it delivers outcomes at scale.

We recognized early that the transition to the agentic enterprise era would demand not incremental adjustments, but systemic and comprehensive change. This required us to re-architect our operating model, evolve from effort-based delivery to outcome-driven engagement, and embed AI across the value chain — from demand generation to delivery execution. The progress we have made reflects both the urgency of this shift and the discipline with which we have executed it.

Performance Anchored in Execution Discipline

Our FY26 performance reflects steady execution in a complex and evolving demand environment. We closed the year with strong growth momentum and a resilient order book, supported by multiple large deal wins, including the largest in our history. These outcomes were not incidental — they were the result of sustained investments in strengthening our fundamentals.

Our Fit4Future program played a critical role in re-baselining costs, improving operational efficiency, and enhancing agility. In parallel, our Sales Transformation initiative improved our competitiveness in large deals, enabling us to engage clients with greater precision and convert opportunities more consistently. Together, these initiatives have strengthened the core of our business and improved execution consistency.

From Technology to Business Creativity

At LTM, this shift defines our strategic pivot. Through our Business Creativity philosophy, we bring together human insight and intelligent systems to reframe problems, redesign processes, and engineer high-impact solutions that go beyond incremental improvements. This is not a conceptual shift — it is embedded in how we engage with clients, design interventions, and measure success.

Our AI ecosystem, BlueVerse, is central to this approach. It enables enterprises to move from concept to value with speed and precision, supporting the transition to agentic operating models. Complemented by our Business AI services and reimagined delivery model, this ecosystem is helping clients unlock new productivity paradigms and scale impact across their own business operations.

Strengthening Growth Engines and Capabilities

During the year, we reimagined our capability portfolio to align with emerging client priorities. Anchored by three lines of business - iRun, iTransform, and Business AI - our approach reflects a sharper focus on integrated transformation and results-oriented engagement models.

We also strengthened our ecosystem partnerships across hyperscalers, platforms, and innovation networks, enhancing our ability to deliver end-to-end solutions. Initiatives such as GCC-as-a-Service and the operationalization of NextEra have further expanded our reach and relevance in key markets.

Integrated Value Creation

Our approach to value creation is inherently integrated — spanning clients, people, innovation, operations, and the broader ecosystem.

For clients, our focus remains on delivering measurable results — improving productivity, enabling growth, and enhancing resilience. For our people, we continue to invest in building a future-ready workforce, with a strong emphasis on AI literacy, advanced skills, and domain expertise.

Innovation continues to be a core driver of differentiation, supported by our investments in AI platforms, industry solutions, and ecosystem partnerships. At the same time, we remain committed to responsible and sustainable growth — extending the power of technology to communities through initiatives such as Tech4Future.

People, Culture and Organizational Strength

Our culture remains a defining strength. We have built an environment that emphasizes trust, collaboration, and continuous learning. Through Shoshin School, our learning platform, we made capability-building more structured and impactful. We continue to focus on leadership development, employee engagement, and wellness, recognizing that sustained performance is closely linked to a strong and inclusive culture.

Recognition and reward systems have been aligned to reinforce a creator mindset — encouraging innovation, accountability, and ownership across the organization.

Outlook: Scaling Intelligence with Discipline

As we look ahead to FY27, the defining theme will be the industrialization of AI. Enterprises will increasingly embed intelligence into core workflows, shifting the focus from capability deployment to outcome realization.

Acknowledgment and Closing

Our progress this year has been made possible by the trust of our clients, the commitment of our people, and the guidance of our Board. I would like to thank all our stakeholders for their continued confidence in LTM.

As we enter the next phase of our growth, our focus will be on scaling what has been built — translating capability into consistent performance at greater speed and scale — and challenge the established norms. We are not only adapting to AI; we are shaping how it is applied at scale.

It’s time to Outcreate.

Regards,

Venu Lambu
CEO and MD

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