Sify Technologies : SISL 2024 – 2025 Annual Report Subsidiaries

Published: 2025-07-16 08:30:08 ET SIFY

Published on 07/16/2025 at 08:30

‌TABLE OF CONTENTS

Legacy To Leadership

FY2025 at a glance

Strengthening Foundations For a Digital Future

About Sify Infinit

Spaces Limited

Presence

Journey

Services Catalogue

Materiality Assessment

Board of Directors

Corporate

Board's

Financial

Information

Reports

Statements

‌LEGACY TO LEADERSHIP

From venturing boldly into uncharted digital territory in 2000 to emerging as industry leaders, Sify Infinit Spaces Limited's journey has been one of vision, resilience, and relentless innovation. Every challenge has served as a catalyst for progress, and every milestone stands as a testament to its pioneering spirit. Today, this legacy to leadership continues, shaping the future of data and empowering businesses to thrive in an era of limitless possibilities.

At Sify Infinit Spaces Limited, possibilities are created

every day. With over 600 enterprises served, the Company's AI-ready infrastructure exemplifies its commitment to growth, adaptability, and excellence.

Since its inception, every milestone has reflected a determination to push boundaries. Currently offering around 200 MW of IT capacity, the Company is now first choice as

a trusted partner, helping businesses scale their ambitions. With plans to aggressively expand further, the Company is furthering its commitment to delivering reliable and secure solutions. Sustainability remains at the core of its growth, with 306 MW of renewable energy contracted, significantly reducing its environmental footprint and empowering greener progress for the industries it serves.

As AI workloads grow, so will the Company's capabilities. And now with liquid and air-cooling qualifications to boot, the infrastructure can offer up to 200 kW/rack, ensuring peak performance for even the most demanding applications.

This Integrated Report for 2024-25 reflects the Company's unwavering spirit in scaling new heights. Grounded in resilience and guided by a clear vision, it draws strength from its past to confidently navigate the future. Each achievement underscores Sify Infinit Spaces Limited's promise to consistently deliver value, responsibly and at scale, as it leads the digital revolution.

Welcome to a future of infinite possibilities.

Welcome to

Sify Infinit Spaces Limited

‌FY 2025 AT A GLANCE

FINANCIAL#

ENVIRONMENT

Operation

Revenue

EBITDA

RE Capacity

1,42,837

G3,429

104 MW

28%

Up over FY 2024

36%

Up over FY 2024

Water efficiency Initiatives

Rainwater harvesting, sensor-based water

PAT

taps, and faucet aerators are implemented for

12,G41

36%

Up over FY 2024

CAPEX

41,825

for FY 2025 (without land)

water saving

Water recycled: 100%

Membrane based water proofing over bare

determined water pits*

slab angled to catchment area and run into pre

Annual Report 2024-25

#I in Lakhs

Sify Infinit Spaces Limited

SOCIAL

Total

359 220

Ratio of Women Number of

Employees CSR Beneficiaries

4.5% 4 Organizations

Total Learning and Development Hours

7,847

Training Hours

CSR

Spent#

#I in Lakhs

*Patent applied for.

Corporate Overview Statutory Reports Financial Statements

OPERATIONAL

Global command and control centers have been integrated across Mumbai, Chennai and Noida

Operational resources have been trained by service providers to support their services on ground

Introduction of One Sify Marketplace where clients can place order for new or expand on their current capacity for colocation space

Ambient air circulation design incorporated in the design of the new data center towers to reduce structural temperature

Alignment of security training of staff with regulatory bodies for best practices

Leadership training programs designed to empower and upskill senior management teams

Bi-annual eNPS surveys conducted across all data centers through an independent third party

Technical certifications provided to enhance employee expertise in the data center ecosystem

Annual Report 2024-25

GOVERNANCE

A culture of learn, transform, and perform

Strong focus on anti-bribery and anti-corruption

No environmental, social, or ethical violations

Sify Infinit Spaces Limited

An ethical and fair business

No complaints related to child or forced labour

For a Digital Future

At the heart of everything Sify Infinit Spaces Limited does is a commitment to empowering ambitious visions with unmatched scale and capacity. What began as a drive to create resilient and expansive infrastructure, has grown into a robust ecosystem that supports the dynamic needs of businesses

and industries. Growth is not just about expanding infrastructure; it is about ensuring the space, power, and flexibility to foster innovation, adapt to changing demands, and lead with confidence.

Annual Report 2024-25

Every data center built, every technological advancement embraced, and every milestone achieved reflects a belief in limitless possibilities. An expansive presence and growing capacity symbolize the confidence instilled in partners and the foundation upon which progress is built in an increasingly

Sify Infinit Spaces Limited

digital world.

With scalable solutions designed to meet evolving demands, the path to transformation remains clear and achievable. As ambitions rise, so does the

infrastructure that supports them, offering resilience, connectivity, and the strength needed to turn vision into reality. Sify Infinit Spaces Limited is positioned

to drive this vision with a commitment to fueling progress, now and into the future.

‌

ABOUT SIFY INFINIT SPACES LIMITED

Sifys' journey in the data center space began in 2000 with the establishment of its first Data center, pioneering smart data management solutions in Mumbai, India's financial nerve center.

What started as a single step, has now grown into a commanding presence across the country, with 14 state-of-the-art data centers strategically located in major economic and technological hubs like Noida, Hyderabad, Bengaluru, Chennai, and Kolkata. Each facility is a testament to Sify Infinit Spaces Limited's commitment to operational excellence, innovation, and sustainability.

Leading the charge in India's digital infrastructure revolution, the Company has not only empowered businesses with reliable and secure data management but also anticipated the growing demands of a data-driven world. With continuous investments in expanding its data center footprint and IT power capacity, the Company remains firmly positioned

PUT CUSTOMERS'

NEEDS FIRST

to meet the evolving needs of its clients. From hyperscale facilities to cloud-driven solutions, Sify Infinit Spaces Limited continues to set benchmarks, ensuring businesses of all sizes can harness the power of digital transformation. With a legacy of resilience and forward-thinking, Sify Infinit Spaces Limited has established itself as a trusted partner in powering India's digital future.

VALUES

Annual Report 2024-25

Sify Infinit Spaces Limited's ethos lies in the "Sify Way" of doing things. Everyone within the organization is expected to uphold these values. The three tenets of the

Sify Infinit Spaces Limited

Sify Way are deeply embedded in its corporate governance practices, offering clear guidance and direction.

VISION

BE ACCOUNTABLE

Become partner of choice for Colocation prospects

TRUST THE TEAM

MISSION

Build India's most efficient chain of data centers

Deliver the best-in-class technology for data

centers to clients

Build a healthy growing sustainable practice

throughout the value chain

DEFINING KEY METRICS

Campuses scalable

970+

MW with BTS capabilities

years of experience serving

all business segments

Sify Infinit Spaces Limited

Annual Report 2024-25

RAS-based design, For Future-ready Infrastructure

Hyperconnected, Carrier-neutral and Rich Interconnect Ecosystem

AI-ready data center capacity designed to host up to 130kW/rack.

‌PRESENCE

Pan-India DC service provider for hyperscale, enterprise & mission-critical AI workloads

Hyperconnected, Carrier-neutral and rich interconnect ecosystem

State-of-the-art hyperscale data centers

Top-tier certifications: Concurrently maintainable

IGBC Platinum rated, PCI DSS, SOC I, SOC II, ISO 27001

POD - based design for future-ready infrastructure

Enhanced 10 levels of security automation (gate to server)

AI/ML led operational excellence with 99.999% uptime

Annual Report 2024-25

KOLKATA

NOIDA

36.9 MW

MUMBAI

101.3 MW

CHENNAI

29.5 MW

188 MW

IT Power Capacity

across 14 Data Centers

BENGALURU

4.8 MW

Sify Infinit Spaces Limited

1.1 MW

HYDERABAD

14.4 MW 07

JOURNEY

‌JOURNEY

MUMBAI 01: VASHI

Type: India's 1st commercial Data center Operational: 2000

IT power: 0.9 MW

CHENNAI 01: TIDEL PARK

Operational: 2000

IT power: 3.6 MW

Annual Report 2024-25

MUMBAI 02: AIROLI

Type: Sify's 1st Cloud Data center Operational: 2008

Sify Infinit Spaces Limited

IT power: 5.4 MW

BENGALURU 01: ELECTRONIC CITY

Type: Purpose-built Data center Operational: 2011 IT power: 7.6 MW

MUMBAI 03: RABALE

Type: AI-ready hyperscale data center campus

Operational: 2013

IT power: 377+ MW eventually

Tower 5 now live |

7 new towers to be operational in the coming years

Corporate Overview Statutory Reports Financial Statements

CHENNAI 02: SIRUSERI

Type: AI-ready hyperscale data center campus Operational: Tower B: 2025, Tower A&C to be operational in the coming years

IT power: 130+ MW eventually

KOLKATA

Type: Cloud data center

Operational: 2021

Annual Report 2024-25

IT power: 2.2 MW

Sify Infinit Spaces Limited

NOIDA 02

Type: AI-ready hyperscale data center campus Operational: Tower B: 2025, Tower A&C to be operational in the coming years

IT power: 130+ MW eventually

NOIDA 01

Type: North India's 1st hyperscale data center Operational: 2015

IT power: 10.8 MW

HYDERABAD 01: FINANCIAL DISTRICT

Type: Hyperscale data center campus Operational: 2018

IT power: 14.4 MW

‌SERVICES CATALOGUE

Sify Infinit Spaces Limited is committed to empowering all business segments with solutions that drive growth and innovation while ensuring resilience in a constantly evolving digital landscape. The Company offers a converged ecosystem of data center services that include:

Inter-connection

Seamlessly connected DCs enabling enterprises to dynamically tap physical & virtual resources

Global Cloud interconnect

Internet Exchange (IX)-as-a-Service

100 G metro fiber ring

Infrastructure-as-a-Service (IaaS)

Colocation

Secure, reliable, sustainable, duplicable and energy-efficient data center spaces with built-to-suit specifications tailored to customer needs.

Corporate Overview Statutory Reports Financial Statements

Space / Core and sheell

Power Services

Security

Value-Added Services

Comprehensive range of solutions

to fulfil all pockets of demand

Interconnect

Multi-tier security layer Applications on demand Compute & Analytics

Performance monitoring and reporting

Compliance

‌

MATERIALITY ASSESSMENT

Materiality assessment is integral to shaping SISL's strategy and future planning. It serves as the foundation for defining key objectives, developed through in-depth discussions with our diverse stakeholder groups.

SISL has adopted the material topics identified by Sify, ensuring alignment with the Group's broader vision and priorities. These topics were established through a

Sify Infinit Spaces Limited

Annual Report 2024-25

comprehensive and inclusive assessment process at the Group level, involving a wide range of stakeholders and reflecting the most pressing environmental, social, and governance (ESG) issues relevant to the business.

SISL adopts this framework to benefit from a structured and validated approach, enabling a focused response to the areas of highest impact and relevance. This alignment ensures consistency across operations and provides a solid foundation as SISL continues to strengthen its ESG integration and evolve its strategic approach.

No.

SISL's Material Topic

Goal

UN SDG Impacted

Customer Delight

To improve the customer-centric approach.

Data Privacy & IT Security To protect the information and systems that support the

operations and assets, and mitigate data security risk.

Regulatory & Compliance To ensure consistent compliance with legal and

other requirements.

Business Ethics

To uphold a culture of integrity and ethical responsibility

throughout the entire value chain.

Product Innovation

To ensure the development and market introduction of new,

redesigned, and improved services.

Employee Engagement

To enhance employee satisfaction.

Energy Efficiency

and Management

To optimize energy consumption and promote the use of

renewable energy sources.

Diversity and Inclusion

To promote Diversity, Equity, and Inclusion in the workplace.

Procurement &

Supply Chain

To establish sustainable procurement systems and ensure their

deployment in the supply chain.

10.

Water Management

To optimize water consumption and promote

water conservation.

11.

GHG Emissions

To achieve carbon neutrality.

12.

Community Engagement

To actively engage with communities and create lasting,

positive impact.

Profitability Metrics (K in Lakh)

Revenue EBITDA

1,42,837 63,429

46,527

41,260

32,655

75,821

1,02,134

1,11,417

FY2022 FY2023 FY2024 FY2025 FY2022 FY2023 FY2024 FY2025

Annual Report 2024-25

Gross Profit Profit Before Tax (PBT)

Sify Infinit Spaces Limited

87,188 18,031

66,434

57,421

12,288

11,922

11,418

46,086

FY2022

FY2023

FY2024

FY2025

FY2022 FY2023 FY2024 FY2025

Profit After Tax (PAT)

12,641

8,575

8,906

9,325

FY2022 FY2023 FY2024 FY2025

‌

BOARD OF DIRECTORS

As at April 18, 2025

Mr Raju Vegesna

Annual Report 2024-25

Non Executive Director

Sify Infinit Spaces Limited

Mr Arun Seth

Independent Director

NRC

Mrs Vegesna Bala Saraswathi

Non Executive Director

CSRC

RMC

NRC

SRC

Dr Ajay Kumar

Independent Director

SRC

NRC

Mr C R Rao

Whole Time Director

CSRC RMC SRC

Mrs Padmaja Chunduru

Independent Director

RMC

CSRC NRC AC

Mr Ganesh Sankararaman

Chief Financial Officer

Mr D J Poornasandar

Company Secretary

Mr S Sriniwasan

Observer

Kotak Alternate Asset Managers Limited

COMMITTEES

AC Audit Committee

CSRC

Corporate Social Responsibility Committee

Chairperson

NRC Nomination & Remuneration Committee

RMC

Risk Management Committee

Member

SRC

Stakeholders Relationship Committee

‌

CORPORATE INFORMATION

STATUTORY AUDITORS

Manohar Chowdhry & Associates

Chartered Accountants Chennai

INTERNAL AUDITORS

Yoganandh & Ram LLP

Chartered Accountants Chennai

SECRETARIAL AUDITOR

Mr V Ramasubramanian

Chennai

REGISTRAR AND SHARE TRANSFER AGENT

GNSA Infotech Private Limited

4thand 5th Floors,

F-Block, Nelson Chambers, No.115, Nelson Manickam Road, Aminjikarai, Chennai 600030

Tel : +91- 44 - 4296 2000

Email: [email protected]

STOCK EXCHANGES

BSE Limited

(Scrip Code- 976061) Dalal Street, PJ Towers Kala Ghoda, Fort, Mumbai 400001.

BANKERS

State Bank of India HDFC Bank Ltd Axis Bank Ltd IndusInd Bank Ltd IDFC First Bank Ltd Yes Bank Ltd

Kotak Mahindra Bank Ltd Standard Chartered Bank Bank of Baroda

Annual Report 2024-25

Federal Bank Ltd DBS Bank Ltd HSBC Bank

DEBENTURE TRUSTEE

Catalyst Trusteeship Limited

901, 9thfloor, Tower B,

PENINSULA BUSINESS PARK TOWER,

Sify Infinit Spaces Limited

Senapati Bapat Marg, Lower Parel (W), Mumbai, Maharashtra 400013

REGISTERED OFFICE

2ndFloor, TIDEL Park, No. 4, Rajiv Gandhi Salai, Taramani Chennai 600 113

‌

Board's Report

The Members of

SIFY INFINIT SPACES LIMITED

Your Directors hereby submit the report of the business and operations of your Company along with the Audited Financial

Statements, for the financial year ended March 31, 2025.

Financial Performance and State of Company's Affairs

Financial Highlights

I in lakhs

Details Standalone Consolidated

2024-25

2023-24

2024-25

2023-24

Revenue from operations

1,42,837

1,11,417

1,42,837

1,11,417

Earnings Before Finance Costs, Tax, Depreciation & amortization, Other Income and exceptional items

63,429

46,527

63,424

46,527

Depreciation and Amortization

32,682

25,552

32,682

25,552

Earnings Before Finance Costs & Tax

33,312

23,423

33,307

23,423

Finance Costs

15,281

12,005

15,281

12,005

Other Income (Including Forex Gain, Gain on sale of PPE)

2,591

2,754

2,591

2,754

Other Expenses (Including Forex Loss, Loss on Sale of PPE)

15,750

13,373

15,750

13,373

Profit Before Tax

18,031

11,418

18,026

11,418

Profit After Tax

12,641

9,325

12,636

9,325

Annual Report 2024-25

Results of operations for the years ended

Sify Infinit Spaces Limited

35.56% reaching I 12,641 Lakhs in FY 2025 compared to I 9,325

Lakhs in the previous year.

Your Company has amended the Financial Statements for the years ended March 31, 2024 and March 31, 2023 due to merger of M/s Patel Auto Engineering Company (India) Private Limited with the Company effective April 01, 2023 and change in presentation of compound financial instruments by applying Ind AS 8. Your attention is drawn to Note B6 to the Financial Statements which sets out the disclosures in this regard.

In compliance with the provisions of the Companies Act, 2013, Regulation 52 of the SEBI Listing Regulations, and the applicable Accounting Standards, the Audited Consolidated Financial Statements of the Company for FY 2024-25, along with the Independent Auditors' Report, form an integral part of this Annual Report.

BUSINESS REVIEW

Business Strategy and Overview:

India's data center industry is experiencing a transformative boom, driven by surging digital consumption, widespread adoption of cloud services, AI integration, and data localization policies. As of early 2025, the country's total data center capacity across the top seven cities has surpassed 1000 MW and

is projected to cross 2,000 MW by 2026, according to industry insights from JLL and NASSCOM. This rapid expansion is further fuelled by the government's Digital India initiative, increasing demand for edge computing and rising enterprise workloads.

Sify Infinit Spaces is strategically positioned to ride this wave of exponential growth. With 14 operational data centers across key metros, Sify's deliberate focus on Mumbai-a market that currently accounts for nearly 50% of India's colocation capacity-reflects both foresight and market alignment. Seven of our existing facilities are clustered in this data center hotspot, where a confluence of submarine cable landing stations, financial institutions, and OTT platforms makes Mumbai a magnet for hyperscalers and enterprises alike.

Our strategic approach of building capacity ahead of demand has proven pivotal. This future-ready model enables Sify Infinit Spaces to deliver infrastructure at speed and scale, meeting the evolving needs of hyperscale, cloud-native, and enterprise customers. Our new developments in Chennai, Hyderabad, and Bengaluru-emerging as next-gen growth corridors-position us to cater to Tier II demand centers and edge workloads with equal effectiveness.

The 2021 trifurcation of our business lines has empowered faster execution, leaner decision-making, and focused capital allocation. As a result, our scope-to-invoicing timelines have shortened significantly, making us more responsive to client needs. The business model's hybrid nature-serving both hyperscale and retail clients-allows us to diversify revenue streams while maximizing infrastructure utilization.

Strategically, Sify Infinit Spaces is leveraging sustainability and energy efficiency as a competitive advantage. Our Mumbai data center cluster serves as case study in implementing modular designs, heat circularity, and renewable energy integration to reduce carbon footprint and operational costs. These green initiatives are not only environmentally responsible but also enhance our appeal to global clients with ESG mandates.

Looking ahead, our roadmap includes the expansion of our capacity over the next three years, with a mix of brownfield expansions and greenfield developments. We are also

Corporate Overview

exploring partnerships for renewable power procurement and edge data center deployments to serve latency-sensitive applications across emerging markets.

In an industry where scale, speed, and sustainability are the cornerstones of competitiveness, Sify Infinit Spaces stands as a nimble yet formidable player, combining deep local insight with enterprise-grade reliability. Our commitment is to not only keep pace with India's digital leap but to enable it-by being the partner of choice for secure, scalable, and sustainable data center solutions.

Our current operational capacities and locations are illustrated below:

NOIDA

36.9 MW

MUMBAI

101.3 MW

CHENNAI

29.5 MW

KOLKATA

1.1 MW

Annual Report 2024-25

HYDERABAD

Sify Infinit Spaces Limited

14.4 MW

BENGALURU

4.8 MW

India's March to Clean Energy

In August 2022, India submitted its targets to the UN Framework Convention on Climate Change: to reduce emissions intensity by 45% by 2030 (compared to 2005 levels) and to achieve 50% of cumulative electric power capacity from non-fossil fuel sources by 2030. These targets form part of the country's Nationally Determined Contributions (NDCs) under the Paris Agreement.

In addition, the country has raised its target for installed non-fossil energy capacity to 500 GW by 2030, up from 175 GW of renewable energy by 2022. According to the Union Ministry of Power, this aligns with the 50% non-fossil energy target pledged under the NDCs. In other words, India aims to have 50% of its energy infrastructure powered by clean sources by the end of this decade, gradually displacing coal-based power plants as the primary energy driver.

The official government estimate of how India's energy generation profile will evolve through to 2030 is as follows:

Steady Progress Towards Clean Future

The share of fossil fuels in total installed capacity is projected to decrease to 36% by 2030, down from the current 55%. Meanwhile, the share of new renewables is expected to increase to 55%, up from 33%.

Fossil Fuels

Non-Fossil Fuel

Old Renewables

New Renewables

Hydro (large)

Nuclear

Solar

Wind Biomass/small hydro

Others

Installed Capacity (GW)

2024* 4

Installed Capacity (GW)

2030** 19

100

13%

252

32%

779

293

38%

10%

18%

445

218

49%

11%

Annual Report 2024-25

2% 25

Sify Infinit Spaces Limited

Generation Capacity (In Billion Units)

2024*

Generation Capacity (In Billion Units)

2030**

0.5%

207

545

23%

1,292

75%

1,330

54%

212

116

134

1,733

1,292

75%

Note: Figures ore rounded off to the nearest whole number, which may cause the total to vory slightly from 100%. Source: "Central Electricity

Authority of India (CEA), Generation

reports: ** Report on Optimal Generation mix 2030 version 2.0. April 2023, CEA

In 2023, the Central Electricity Authority (CEA) updated its projections for the country's optimal energy mix by 2030. It stated that energy demand will rise to 2,440 billion units (BU) by 2030, up from 1,255 BU in 2022. Meeting this demand will require an installed capacity of 777 GW, with the majority of growth expected to come from new renewable sources.

According to the data, by the end of this decade, India will undergo a significant shift in its energy generation mix. The targeted 500 GW of non-fossil energy capacity is expected to supply 44% of the country's electricity demand.

As of March 2024, fossil fuels-coal, gas, and lignite- accounted for 54% of the installed capacity but were generating 77% of the electricity. While fossil fuel-powered electricity will not disappear under the new plan, its share in total electricity generation is projected to decline to 56% by 2030. The major change will come from new renewables, which currently generate around 13% of electricity but are expected to contribute up to 32% by the end of the decade.

Data Centres Adoption of Renewable Energy

India's data centre industry is experiencing rapid expansion, driven by the nation's growing digital economy and increased internet usage. This growth has led to a significant rise in energy consumption, prompting data center operators to seek sustainable solutions to mitigate environmental impact and operational costs. Consequently, there is a concerted effort to adopt renewable energy sources, such as solar, wind, hydrogen, and nuclear, to power these facilities.

The Indian government has outlined an ambitious roadmap to accelerate renewable energy adoption, targeting 500 GW of non-fossil fuel capacity by 2030. This includes plans to add 250 GW of renewable energy capacity over the next five years, with annual bids of 50 GW, incorporating at least 10 GW of wind power each year. The government is also prioritizing the development of green hydrogen, having approved a USD 2.11 Billion incentive plan to boost domestic production and aiming for an annual output of 5 million tonnes by 2030. Additionally, the 2025 Union Budget introduced the Nuclear Energy Mission for Viksit Bharat, with a goal to expand nuclear capacity to 100 GW by 2047 and develop at least five indigenously designed Small Modular Reactors by 2033.

Despite these promising initiatives, significant challenges remain in the transition to renewable energy. The intermittent nature of sources like solar and wind raises reliability concerns, particularly for data centers that demand uninterrupted power supply. Additionally, regulatory barriers limit the ability to store excess energy generated during peak periods for use during shortfalls. Overcoming these hurdles will require substantial investment in energy storage technologies and the creation of a more adaptive and resilient power grid capable of managing the variability of renewable sources. While green hydrogen offers a compelling alternative, its adoption remains in the early stages and will depend on continued research,

Corporate Overview

development, and infrastructure advancement before it becomes a viable mainstream energy solution for data centers.

Looking ahead, India's roadmap for data centres emphasizes both sustainability and resilience. The government's strategy includes strengthening power transmission infrastructure to support renewable energy projects and integrating advanced technologies to enhance energy efficiency. Public-private collaborations are expected to play a pivotal role in achieving these goals, ensuring that India's data centres can meet rising digital demands while advancing environmental objectives. The focus on diversifying energy sources-including solar, wind, hydrogen, and nuclear-underscores a comprehensive approach to building a sustainable and reliable energy ecosystem for the country's growing data centre industry.

Technology Trends

The top 5 technology trends expected to drive the growth of

hyperscale and edge data centres in India:

AI and Generative AI Workloads

Annual Report 2024-25

The rise of artificial intelligence, especially generative AI models like ChatGPT, requires high-performance computing infrastructure. Indian tech giants and global players operating in India are investing in AI-ready hyperscale facilities to meet demand from sectors like healthcare, finance, and retail.

5G and IoT-Driven Edge Computing

Sify Infinit Spaces Limited

5G deployment is enabling real-time applications like autonomous vehicles, AR/VR, and smart manufacturing, all of which generate massive amounts of data at the edge. This data needs to be processed closer to the source, fuelling demand for edge data centers in Tier-2 and Tier-3 cities across India.

Renewable and Sustainable Energy Integration

Data Centres are power-intensive. To meet India's climate goals, the industry is rapidly transitioning to solar, wind, and soon hydrogen-based power. The government's green energy roadmap (500 GW of non-fossil capacity by 2030) and the nuclear push will directly impact future hyperscale builds.

Modular and Prefabricated Infrastructure

Speed to market is critical. Modular data centres allow faster deployment, scalability, and cost-efficiency. These plug-and-play units are ideal for both hyperscale (for rapid expansion) and edge deployments (for remote or difficult terrain).

Data Sovereignty and Regulatory Compliance

India's Digital Personal Data Protection Act (2023) and upcoming regulations require data localization and compliance. This will drive demand for more localized data center capacity to meet legal and industry standards.

Sustainability Measures

Sustainability has been a nearly two-decade journey at Sify, beginning with the integration of wind & Solar power into our energy mix. As of now, over 100 MW of green power has been commissioned for operations.

Sify Infinit Spaces began its renewable energy transition in 2021 with the integration of clean energy, bringing 99 MW online from a contracted total of 231 MW. Recently, an additional 31 MW was added, with a further 44 MW currently under development.

In Phase I, Sify Infinit Spaces has implemented the following measures:

A customized dashboard has been developed for the first cluster of 3 data centers.

Annual Report 2024-25

Real time data about solar and wind generation has been integrated into this dashboard on a continuous basis.

Image below shows the complete overview of the dashboard.

This real-time data provides Sify Infinit Spaces with detailed insights into power consumption from various sources, enabling engineers to adjust the type of energy used based on incoming data traffic or processing volume. While not claiming to be unique, the dashboard's granularity allows SISL to monitor real-time generation, total renewable energy generated to date, and cumulative carbon emission savings from both solar and wind sources.

If there is reduced generation from a solar or wind plant, the dashboard also displays the amount of power currently being drawn from the state grid to meet total energy demand. In the event of data errors or generation outages, the software triggers alerts to enable prompt action and an immediate switch to alternative energy sources.

Sify Infinit Spaces Limited

Transfer to Reserves The Company has not transferred any amount to the Reserves out of the amount available for appropriation during the

financial year ended March 31, 2025.

Dividend

Equity Shareholders:

The Board of Directors of the Company, after evaluating the Company's growth strategy and substantial capital expenditure plans, has decided that future expansion shall be funded through internal accruals.

Preference shareholders:

Your Directors recommend a final dividend of

I 1,49,58,904/- (Rupees One Crore Forty-Nine Lakhs

Fifty Eight Thousand Nine Hundred Four Only) being the Preferential Dividend of 6% per annum for 5,00,00,000 Non-Cumulative Compulsorily Convertible Preference Shares (CCPS) of I 10/- each for the period from October 01, 2024 to March 31, 2025 subject to the approval of the Shareholders.

During the year, your company has paid an Interim Dividend of I 1,50,41,096/- (One Crore Fifty Lakhs Forty One Thousand Ninety Six Only) being the Preferential Dividend of 6% per annum for 5,00,00,000 Non-Cumulative Compulsorily Convertible Preference Shares (NCCPS) of I 10/- each carrying a preferential dividend of 6% per annum for the period from April 01, 2024 to September 30, 2024.

Change in nature of business:

The Company is currently engaged in the business of operating Data Centers. There is no change in nature of the business during the year under review.

Details and status of acquisition, merger, expansion,

modernization and diversification

Merger of M/s Patel Auto Engineering Company (India) Private Limited, fellow subsidiary Company

Your Company filed an application in the year 2024, with the Hon'ble National Company Law Tribunal (NCLT),

Corporate Overview

In accordance with the approved Scheme, 42,71,365 equity shares of the Company were allotted to M/s. Sify Technologies Limited, the holding Company.

Upon giving effect to the scheme of amalgamation, the authorised, issued, subscribed, and paid-up share capital of the Company as at the end of the financial year is as follows:

Particulars Amount (in K)

Authorised Share Capital

Chennai Bench, seeking approval for the merger of M/s Patel Auto Engineering Company (India) Private Limited, a wholly owned subsidiary of M/s Sify Technologies Limited, the Holding Company with the

80,02,50,000 Equity shares of

I 10/- Each

27,00,00,000 Preference shares

of I 10/- Each

800,25,00,000

270,00,00,000

Company with effect from April 01, 2023 (appointed date). During the year, the said Scheme of Amalgamation has been approved by the Hon'ble National Company Law

TOTAL 1070,25,00,000

Issued, Subscribed and Paid-up

Share Capital

Tribunal, Chennai.

SKVR Software Solution Private Limited

Your Company, along with M/s Sify Technologies Limited

51,01,31,127 Equity shares of

I 10/- Each

5,00,00,000 Preference shares

of I 10/- Each

510,13,11,270

50,00,00,000

(STL), the holding company entered into a Share Purchase Agreement on September 01, 2023, with the shareholders of M/s SKVR Software Solution Private Limited (SKVR), for the acquisition of 100% equity stake in the said company.

Pursuant to the said agreement, your Company and STL contributed 49% and 51% respectively of the total purchase consideration. Accordingly, your Company acquired 4,900 equity shares and STL acquired 5,100 equity shares of SKVR.

Subsequent to obtaining the necessary approval from NOIDA authority, the entire 10,000 equity shares were duly transferred to your Company and STL and thus SKVR

TOTAL 560,13,11,270

Annual Report 2024-25

b) Issue and Listing of Non-Convertible Debentures Pursuant to the approval of the Board of Directors and the shareholders, your Company has issued 25,000 (Twenty

Five Thousand) Non-convertible Debentures in the form

Sify Infinit Spaces Limited

of Secured, Rated, Listed, Redeemable, Taxable, Non-convertible Debentures of the face value of I 1,00,000 each, ("NCDs"), on private placement basis to identified investors for an amount of I 250,00,00,000/-, (Rupees Two Hundred Fifty Crores Only) and the same were listed with BSE Limited on October 04, 2024.

The details of the allotment are as follows

has become an associate of your Company with effect

from March 26, 2025.

Particulars of Non-Convertible Debentures

Material Changes and commitments affecting the

Date of issue

and allotment

September 30, 2024

financial position of the Company

There are no material changes or commitments affecting

the financial position of the Company which have occurred

Method of allotment Preferential Allotment

Issue Price I 1,00,000 per Debenture

Amount of NCD I 250 Crores

between the end of the financial year and date of this report.

Utilization of the

proceeds

To refinance existing Term

loan for the projects which

CAPITAL AND DEBT STRUCTURE

a) Change in authorized capital of the Company During the year, the authorised share capital of the Company was increased pursuant to the Scheme of Amalgamation

for the merger of M/s. Patel Auto Engineering Company

(India) Private Limited with the Company, as approved by the Hon'ble National Company Law Tribunal, Chennai Bench, vide its order dated January 09, 2025.

are already operational.

Tenor 15 years

Security Moveable Fixed Assets and receivable for the project i.e. Rabale Towers 1, 2, 4 (Data Centers) & Hyderabad

Data Center.

Type of the instrument Listed Interest rate 8.95%

Credit Rating CARE AA-

Maturity Date September 30, 2039

Issue and Redemption of Commercial Papers During the year, pursuant to the approval of the Board of Directors, your Company issued and redeemed the

Commercial Papers (CPs) in compliance with the provisions

of applicable regulations. The CPs were listed with BSE Limited on January 02, 2025. The details are as follows:

Particulars of Commercial Papers

Date of Allotment January 02, 2025

Redemption Date March 27, 2025

Face Value I 5,00,000/- per CP

Issue Price I 4,90,739/- per CP

Quantity 800

Credit Rating CARE A1+

Purpose of Issue Working Capital

Employee Stock Option Scheme

Your Company had introduced the Stock Option Plan which was named as "Sify Infinit Associate Stock Option Plan 2025", for providing grants to employees of your Company and its affiliates .

Annual Report 2024-25

Other allotments

Your Company has not issued any Equity Shares with Differential Rights, Sweat Equity Shares, warrants or any other securities nor did it Buy back any Shares during the financial year under review.

Changes to the Constitutional Documents During the year Under Review

Articles of Association:

During the year, your Company amended its Articles of Association to incorporate specific provisions through the insertion of Chapter III in connection with the issuance of Non-Convertible Debentures (NCDs), including detailing the powers, rights, and obligations of the Debenture Trustee.

The amendment was carried out in compliance with the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, and other applicable laws. The shareholders approved the amendment by way of a special resolution passed at the Extraordinary General Meeting held on December 05, 2024.

Memorandum of Association:

During the year, your company amended the Memorandum of Association of the Company to increase the authorised share capital from I 1,070 crores to I 1,070.25 crores pursuant to the order dated January 09, 2025, passed by the Hon'ble National Company Law Tribunal, Division Bench - I, Chennai, approving the merger of M/s Patel Auto Engineering Company (India) Private Limited with the Company and also for reclassification of the preference share capital. This amendment was carried out in accordance with the provisions of the Companies Act, 2013 and was approved by the members of the Company through a special resolution passed at the Extraordinary General Meeting held on February 05, 2025.

Sify Infinit Spaces Limited

Credit Rating

The Credit ratings of the company as on March 31, 2025, are summarised below:

Instrument

Term

CRISIL

CARE

ICRA

Bank Credit Lines

Short Term

CRISIL A1+

CARE A1+

ICRA A1+

Long Term

CRISIL AA - (Stable)

CARE AA - (Stable)

ICRA AA - (Stable)

NCD

Long Term

CARE AA - (Stable)

ICRA AA - (Stable)

Commercial Paper

Short Term

CARE A1+

All ratings were reaffirmed by the rating agencies except commercial paper for which the initial rating was obtained during November 2024.

Investor Education and Protection Fund (IEPF)

Your Company does not have any unclaimed amount as stipulated under Section 125 of the Companies Act, 2013 to be transferred to IEPF.

Directors and Key Managerial Personnel

Criteria for Board Membership

The Company will generally consider (i) Their relevant experience in Leadership/ Strategy / Finance/ Governance / Legal and Regulatory or other disciplines related to Company's business and (ii) Having the highest personal and professional ethics, integrity, and values.

Directors:

The following are the list of Directors as on date of the Report:

S. No.

Name of Director

DIN

Designation

Mr Ananta Koti Raju Vegesna

00529027

Non-executive Director

Mrs Vegesna Bala Saraswathi

07237117

Non-executive Director

Mr Chintaluri Venkata Rajeswara Rao

02624863

Whole Time Director

Mr Arun Seth

00204434

Independent Director

Dr Ajay Kumar

01975789

Independent Director

Mrs Padmaja Chunduru

08058663

Independent Director

Retirement by Rotation

Mrs Vegesna Bala Saraswathi (DIN: 07237117), Director, retires by rotation at the ensuing Annual General Meeting and being eligible, offers herself for reappointment. Your directors recommend her re-appointment to the shareholders for approval.

Independent Directors

None of the Directors of the Company are disqualified under the provisions of the Companies Act, 2013 and applicable regulation of SEBI.

The Independent Directors of the Company have submitted a declaration confirming that they meet the criteria of independence as provided in Section 149(6) of the Companies Act, 2013 and applicable regulations of SEBI and that they are not aware of any circumstance or situation, which exist or may be reasonably anticipated, that could impair or impact their ability to discharge duties with an objective independent judgment and without any external influence.

In the opinion of the Board, all Independent Directors are

independent of the management.

In terms of Section 150 of the Companies Act, 2013 read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, all the Independent Directors of the Company have registered themselves with the databank maintained by the Indian Institute of Corporate Affairs. Further all Independent Directors are exempted from the requirement to undertake online proficiency self-assessment test as required under the said rules.

During the year, the following independent directors were appointed on the Board of your Company:

Dr Ajay Kumar (DIN:01975789) was appointed as an Independent Director of the Company at the AGM held on June 28, 2024, for a period of five consecutive years effective June 28, 2024 whose term of office shall not be liable to retire by rotation.

Annual Report 2024-25

Mrs Padmaja Chunduru (DIN:08058663) was appointed as an Additional Director categorized as an Independent Director on the Board of the Company with effect from October 12, 2024, for a term of 5 (Five) years, subject to the approval of members in the ensuing AGM and whose term of office shall not be liable to retire by rotation.

Meeting of the Independent Directors

Sify Infinit Spaces Limited

In terms of Para VII of Schedule IV of the Companies Act, 2013, your Company conducted a meeting of its independent directors during the financial year, without the presence of non-independent directors and members of the management. The Independent Directors, inter alia:

reviewed the performance of non-independent directors and the Board as a whole.

reviewed the performance of the Chairperson of the company, taking into account the views of executive directors and non-executive directors.

assessed the quality, quantity, and timeliness of flow of information between the company management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

Disqualification of Directors

Based on the written representations received, none of the Directors are disqualified from being appointed as Directors as specified in Section 164 (2) of the Act.

Board Meetings and attendance of Directors

During the year, the Board of Directors of your Company met 5 times. The details of the meetings and the attendance of the

Directors are as follows:

Ǫuarter Meeting No. Date of Board Meeting No. of Directors entitled

to attend the meeting

No. of Directors attended the meeting

April 22, 2024

July 19, 2024

October 22, 2024

December 24, 2024

January 17, 2025

The maximum interval between any two Meetings did not exceed 120 days as prescribed under Section 173(1) of the Companies Act, 2013.

General Meetings:

Details relating to the Annual General Meeting of the Company and Special Resolutions passed during the year thereat are given below:

Date Time Venue Special Resolution Passed

June 28, 2024 11.00 A.M. 2ndFloor, TIDEL Park, No. 4,

Rajiv Gandhi Salai, Taramani, Chennai 600 113.

Approval for Associate Stock Option Plan 2024

Appointment of Dr Ajay Kumar (DIN:01975789) as an Independent Director of the Company.

Annual Report 2024-25

Details relating to the Extra-Ordinary General Meetings of the Company and Special Resolutions passed during the year thereat are given.

Date Time Venue Special Resolution Passed

September 19, 2024 05.00 P.M. 2ndFloor, TIDEL Park, No. 4,

Rajiv Gandhi Salai, Taramani,

Approval for issue of Non-convertible Debentures

Chennai 600 113.

December 05, 2024 11.00 A.M. 2ndFloor, TIDEL Park, No. 4,

Rajiv Gandhi Salai, Taramani,

Amendment to the Articles of Association of the company

Sify Infinit Spaces Limited

Chennai 600 113.

February 05, 2025 11.00 A.M. 2ndFloor, TIDEL Park, No. 4,

Rajiv Gandhi Salai, Taramani, Chennai 600 113.

Approval for increase in borrowing powers of the Company and for creation of charge on the assets of the Company

Increase in Authorized Capital and Consequential Amendment to Memorandum of Association of the Company

Approval for increase in quantum of Options under Sify Infinit Associate Stock Option Plan 2025 for the Company and its affiliates

Grant of Associate Stock Option Plan to identified

employees exceeding the prescribed limit

Key Managerial Personnel

As per the provisions of Section 203 of the Companies Act, 2013 read with Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the following Officers of the Company were designated as Whole-Time Key Managerial Personnel of the Company:

Mr C R Rao - Whole Time Director

Mr Ganesh Sankararaman - Chief Financial Officer

Mr D J Poornasandar - Company Secretary & Compliance Officer

During the year, Mr V Ramanujan relinquished the position of Chief Financial Officer of the Company and Mr Ganesh Sankararaman was appointed as Chief Financial Officer of the Company w.e.f October 22, 2024.

Committees

In the year 2023, your Company voluntarily constituted the Audit Committee, Nomination & Remuneration Committee, and Risk Management Committee (hereinafter collectively referred to as the "Committees") as sub-committees of the Board.

During the financial year, the Committees were reconstituted on October 13, 2024, with the appointment of the following Directors as members of the respective Committees. Subsequently, on October 22, 2024, these sub-committees were formally renamed as Committees of the Board.

The composition of the reconstituted Committees are as follows:

Audit Committee:

S. No.

Members

Designation

Mr Arun Seth, Independent Director

Chairperson

Mrs Vegesna Bala Saraswathi, Non-Executive Director

Member

Dr Ajay Kumar, Independent Director

Member

Mrs Padmaja Chunduru, Independent Director

Member

Nomination & Remuneration Committee:

S. No.

Members

Designation

Dr Ajay Kumar, Independent Director

Chairperson

Mrs Vegesna Bala Saraswathi, Non-Executive Director

Member

Mr Arun Seth, Independent Director

Member

Mrs Padmaja Chunduru, Independent Director

Member

Corporate Social Responsibility Committee:

S. No.

Members

Designation

Mrs Vegesna Bala Saraswathi, Non-Executive Director

Chairperson

Mr C R Rao, Whole-time Director

Member

Mrs Padmaja Chunduru, Independent Director

Member

Risk Management Committee:

S. No.

Members

Designation

Mrs Padmaja Chunduru, Independent Director

Chairperson

Mr C R Rao, Whole-time Director

Member

Mrs Vegesna Bala Saraswathi, Non-Executive Director

Member

Sify Infinit Spaces Limited

Annual Report 2024-25

During the year, your Company has also constituted Stakeholders Relationship Committee effective October 12, 2024 and

the details are as follows:

S. No.

Members

Designation

Dr Ajay Kumar, Independent Director

Chairperson

Mrs Vegesna Bala Saraswathi, Non-Executive Director

Member

Mr C R Rao, Whole-time Director

Member

Audit Committee

During the year, the Committee met four times. The dates of Meetings are April 22, 2024, July 18, 2024, October 21, 2024, and January 16, 2025.

Name of the Director No. of Meetings attended

Mr Arun Seth 4

Mrs Vegesna Bala Saraswathi 4

Dr Ajay Kumar* 3

Mrs Padmaja Chunduru# 2

Mr C R Rao** 1

*Appointed effective June 28, 2024

#Appointed effective October 12, 2024

**Relinquished effective July 10, 2024

Nomination & Remuneration Committee

During the year, the Committee met four times. The dates of Meetings are April 22, 2024, July 18, 2024, October 21, 2024, and January 16, 2025.

Name of the Director No. of Meetings attended

Mr Arun Seth 4

Mrs Vegesna Bala Saraswathi 4

Dr Ajay Kumar* 3

Mrs Padmaja Chunduru# 2

Mr C R Rao** 1

*Appointed effective June 28, 2024

#Appointed effective October 12, 2024

**Relinquished effective July 10, 2024

Corporate Social Responsibility Committee

During the year, the Committee met four times. The dates of Meetings are April 22, 2024, July 18, 2024, October 21, 2024, and January 16, 2025.

Sify Infinit Spaces Limited

Annual Report 2024-25

Name of the Director No. of Meetings attended

Mr C R Rao 4

Mrs Vegesna Bala Saraswathi 2

Mrs Padmaja Chunduru* 2

Mr Raju Vegesna** 2

Mr Arun Seth** 2

*Appointed effective October 12, 2024

** Relinquished effective October 12, 2024

Risk Management Committee

During the year, the Committee met once on January 16, 2025.

Name of the Director No. of Meetings attended

Mr C R Rao 1

Mrs Vegesna Bala Saraswathi 1

Mrs Padmaja Chunduru 1

Sitting fees

The Non-executive Independent Directors are entitled to sitting fees for attending the Board / Committee Meetings. Sitting fees for Board Meetings is I 1,00,000/- per person per meeting and for all Committees to the Board the sitting fees is I 75,000/- per person per meeting. The details of the Sitting Fees paid during the Financial Year 2024-25 is as follows:

(In I)

Particulars of Fee for attending Board and Committee Meetings

Independent Directors

Mr Arun Seth

Dr Ajay Kumar

Mrs Padmaja Chunduru

Board Meeting

4,50,000

4,00,000

3,00,000

Nomination and Remuneration Committee

2,25,000

1,50,000

Audit Committee

2,25,000

1,50,000

Corporate Social Responsibility Committee

75,000

1,50,000

Risk Management Committee

75,000

Statement of Performance Evaluation by the Board

The evaluation of all the Directors, the Board as a whole and each of the Committees of the Board was conducted based on the the performance evaluation criteria for Directors are determined by the Nomination and Remuneration Committee.

The Nomination and Remuneration Committee oversees the annual self-evaluation of the Board including committees thereof and of individual directors. It reviews and discusses all matters pertaining to the performance of all directors including independent directors, periodically as may be necessary on the basis of the detailed performance parameters set forth.

In a separate Meeting of Independent Directors, performance of Non-Independent Directors, the Board as a whole and the Chairman of the Company was evaluated, taking into account the views of Executive Directors and Non-Executive Directors. The Board and the Nomination and Remuneration Committee reviewed the performance of Individual Directors on the basis of criteria such as the contribution of the Individual Director to the Board and Committee Meetings.

Details of Remuneration to Directors

Your Company being an Unlisted Public Limited Company, Section 197 (12) and Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is not applicable. Hence the disclosure is not furnished.

Directors' responsibility statement

Your Directors state:

that in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

that they had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the Financial Year and of the profit of the Company for that period;

that they had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013, for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

that they had prepared the annual accounts on a

going concern basis;

that they had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

Corporate Overview

Adequacy of Internal Financial Controls

The Internal Financial Control is a process to provide reasonable assurance regarding the reliability of financial reporting and the preparation of Financial Statements for external purposes in accordance with applicable reporting requirement standards. Our Internal Financial Control includes:

that all disclosures as required by law and applicable accounting/reporting standards have been complied with;

that all policies and procedures of the Company have been adhered to and those policies and procedures relating to safeguarding of assets have been complied with;

that compliance of such policies and procedures enable prevention and detection of fraud and error;

that policies and procedures adopted by the Company ensure accuracy and completeness of accounting records.

Sify Infinit Spaces Limited

Annual Report 2024-25

On account of its inherent limitations, Internal Financial Control may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.

Your Company has been continuously striving to strengthen the internal control over financial reporting and improve the operational efficiency by providing training to its associates. During the year, Your Company imparted specific training to its associates in the area of classification and presentation of financial instruments.

The assessment of Internal Financial Control was based on the evaluation of the framework in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Tread way Commission (COSO). Based on the assessment, it was concluded that your Internal Financial Control was effective.

Details of Subsidiary / Joint Ventures / Associate Companies and Performance thereof:

As of March 31, 2025, your Company has one Associate Company. Pursuant to the provisions of Section 129 and 134 of the Act read with rules made thereunder and Regulation 52 of the SEBI Listing Regulations, your Company has prepared Consolidated Financial Statements of your Company and a separate statement containing the salient features of Financial Statement of associate entity in Form AOC-1, which forms part of this Annual Report.

Auditors

Statutory Auditors:

The shareholders at the Annual General Meeting (AGM) held on August 16, 2021 approved the appointment of M/s Manohar Chowdhry & Associates, Chartered Accountants (FRN: 001997S) as statutory auditors of the Company as per section 139 and 141 of the Companies Act, 2013, for a term of five consecutive years till the conclusion of the Annual General Meeting to be held for the financial year ended on March 31, 2026. Your statutory auditors will be completing their fourth year at the conclusion of the ensuing AGM.

There has been no qualification, reservation or adverse remark given by the Statutory Auditors in their Report for the year under review.

Secretarial Auditor:

Annual Report 2024-25

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with Rule 9 of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, Mr V Ramasubramanian, Practising Company Secretary having Certificate of Practice No. 11325 was appointed as the Secretarial Auditor of the Company by the Board of Directors at their meeting held on April 22, 2024 to conduct the Secretarial Audit for the financial year ended March 31, 2025.

Sify Infinit Spaces Limited

The Secretarial Audit Report in Form MR-3 is annexed herewith as Annexure 1. The Secretarial Audit Report for the financial year ended March 31, 2025 does not contain any qualification, reservation or adverse remark in their report.

Internal Auditor:

Pursuant to the provisions of Section 138 of the Companies Act, 2013 read with Rule 8 (4) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, M/s Yoganandh & Ram LLP, Chartered Accountants bearing Firm Registration Number: 005157S was appointed as the Internal Auditor of the Company by the Board of Directors at their meeting held on April 22, 2024 to conduct the Internal Audit for the financial year ended March 31, 2025.

Reporting of Fraud The Auditors of the Company have not reported any fraud as specified under Section 143(12) of the Companies

Act, 2013.

Deposits

Your Company has not accepted any deposits within the meaning of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014.

Particulars of Loans, Guarantees and Investments

The details of Loans, Guarantees and Investments covered under the provisions of Section 186 of the Act forms part of Notes to the Financial Statements of the Company for the year ended March 31, 2025.

Particulars of Contracts or Arrangements with Related Parties:

All transactions entered with related parties during the year under review were on arm's length basis and in the ordinary course of business and is in accordance with the provisions of the Companies Act, 2013 and the SEBI Listing Regulations. The material related party transactions entered by the Company are made with the approval of the Members.

There were no materially significant transactions made by the Company with promoters, directors, key managerial personnel or other designated persons which may have a potential conflict with the interest of the Company at large.

Further, pursuant to the applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, your Company has made adequate related party disclosures as specified in Regulation 53 read with Para A of Schedule V of the Listing Regulations.

Your Directors draw attention of the shareholders to Note 34 to the Financial Statements which sets out disclosures on related party transactions.

During the year, your Company has not entered into any transactions with Related Parties which are not in the ordinary course of its business or not on an arm's length basis and which require disclosure in this Report in terms of the provisions of Section 188(1) and 134 of the Companies Act, 2013. However, as part of corporate governance, the Company has attached the Form AOC-2 as Annexure 2 to this Annual Report for lease rental related transactions.

The policy on related party transactions as approved by the Board of Directors has been uploaded on the website of the Company at https://www.sifyinfinitspaces.com.

Corporate Social Responsibility (CSR)

As per the provisions of section 135 of the Companies Act, 2013 the mandated spend on CSR activities for the financial year 2024-25 is I 218 Lakhs. During the year under review, your Company has spent I 220 Lakhs on CSR activities.

The Companies (Corporate Social Responsibility Policy) Rules, 2014 read with section 134(3) and 135(2) of the Companies Act, 2013, as amended, has been annexed as Annexure 3 and forms an integral part of this report.

The policy for Corporate Social Responsibility is available on

the website of the Company at https://www.sifyinfinitspaces.com.

Disclaimer

Sify Technologies Limited published this content on July 16, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 16, 2025 at 12:29 UTC.