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Intellect Design Arena will hold a meeting of the Board of Directors of the Company on 8 May 2026.

Intellect Design Arena announced that OnCost, Kuwait`s leading FMCG retailer and the nation`s first wholesaler to open its doors to individual consumers, has digitally transformed its operations with eMACH.ai Retail 6DX. This advanced AI-First in-store retail platform has been deployed across OnCost`s branches, marking a strategic leap into next-generation, experience-driven in-store retail. In a market defined by high consumer expectations and rapid digital adoption, OnCost`s shift to eMACH.ai Retail 6DX represents a conscious pivot from restrictive legacy infrastructure to a cloud-native, microservices-led architecture. By moving away from monolithic systems, OnCost has built a foundation that can respond, learn, and evolve with every customer interaction. Debanjan Kumar, CEO, iDTC, added: Oncost`s journey is a definitive example of first-principle reinvention. They chose to reimagine their foundation rather than patch old systems. This implementation is not just a technology deployment; it is a business transformation designed for resilience and relevance in the competitive Middle Eastern retail landscape.

Intellect Design Arena announced the launch of eMACH.ai Islamic Banking. Built on a cloud-native, microservices-based platform, this comprehensive suite is AAOIFI-compliant and purpose built to help banks scale while complying effectively with evolving Shariah regulations. Existing Islamic banking solutions are built on legacy systems and superficial Shariah bolt-ons that lack necessary Shariah controls, regulatory requirements and overall future-readiness required by Islamic Banks. eMACH.ai Islamic Banking - a digital-first, AAOIFI-compliant platform is purpose-built on eMACH.ai (Events, Microservices, API, Cloud, Headless, AI) foundation with Shariah by design principles. The platform delivers a robust and comprehensive suite that caters to every facet of the banking ecosystem including a Core Transaction Engine, which offers DIY configurable accounts such as Wadiah, Mudarabah, and Wakala. This engine facilitates quick go-to-market strategies and real-time ledger management. Ensuring Shari`ah-compliant profit payouts is complex and time-consuming without an automated solution. That is why the Islamic Pool Management capability utilises embedded AI for forecasting, profit management & distribution, and zakat management. Meanwhile, the Islamic Financing capability supports the entire financing lifecycle for instruments like Murabaha, Operating Ijarah, Ijarah Muntahia Bittamleek, Musharakah, Tawarruq, Istisna`a, and Qard Hasan. The platform further extends its reach to an end-to-end Islamic Trade Finance and a fully automated Islamic Treasury.Rajesh Saxena, CEO of Intellect Consumer Banking, said, Following the significant business impact delivered by our eMACH.ai platform to hundreds of banks globally, we are now proud to launch eMACH.ai Islamic Banking. The Islamic finance industry has long been underserved by rigid, monolithic architecture that struggles to provide Shariah integrity, flexibility and scalability. eMACH.ai Islamic Banking platform represents a fundamental shift: it is purpose-built on `Sharia by design code,` where the architecture itself is natively designed for Islamic banking. By leveraging composable functionality and a certified full capability, we empower bankers to move past operational complexities with ease of setup and extensibility. This isn`t just a digital layer; our platform ensures seamless integration with existing systems and 6-9 months of implementation time, finally resolving the friction between high growth financial aspirations and the operational complexities of Shariah compliance.

Intellect Design Arena announced that one of India`s Leading E-commerce Giants, serving a registered user base of more than 500 million, has selected Purple Fabric Accounts Payable to transform financial operations and streamline workflows across its extensive network of sellers and partners. As the enterprise continues to scale its operations, it operates at a magnitude defined by a marketplace offering over 150 million products across 75+ categories. Today, the platform supports a seller ecosystem of nearly 1.5 million merchants and partners, with industry estimates placing GMV in excess of Rs. 1.5 lakh crore. With over 7 million shipments processed in a single day, the e-commerce entity operates in a high-volume environment, making complex vendor reconciliations and payments a significant operational challenge. At this scale, even marginal inefficiencies can impact financial outcomes, seller experience, and overall ecosystem trust.Purple Fabric Accounts Payable addresses these challenges by eliminating manual bottlenecks, strengthening compliance, and delivering cost efficiencies at enterprise scale. Built on First Principles Thinking and powered by Open Business Impact AI, the platform enables a shift from task-based automation to autonomous, decision-led financial operations, allowing enterprises to manage complexity, scale, and financial control in real time.Debanjan Kumar, CEO, Intellect Digital Technology for Commerce (iDTC), Intellect Design Arena, said, �Accounts Payable is no longer a back-office function. It is becoming a critical lever for financial control, working capital efficiency, and ecosystem trust in high-scale digital commerce. For one of India`s leading e-commerce giants, this means the ability to operate with greater speed, precision, and financial discipline, strengthening its competitive edge in a rapidly evolving market. With Purple Fabric Accounts Payable, we are enabling enterprises to embed intelligence directly into financial decisioning, creating systems that continuously learn, adapt, and optimise. This marks a shift from managing processes to orchestrating outcomes, where finance becomes proactive, predictive, and integral to business growth.� Powered by Capital Market - Live News

Intellect Design Arena announced that a leading Indian financial services group has selected its Purple Fabric platform to drive enterprise-scale AI transformation across its ecosystem. The mandate will initially cover five entities within the group, establishing a strong foundation for a long-term enterprise-wide AI adoption. The platform will enable enhanced operational intelligence, cross-functional collaboration, stronger governance controls, and measurable business impact across core financial workflows. Built using First-Principles Thinking and reinforced by Design Thinking-led solution discovery, Purple Fabric integrates knowledge derived from over three decades of domain expertise and more than 20 million engineering hours. The platform offers a robust suite of enterprise-ready Digital Experts that are already deployed and trusted by global financial institutions. Ramanan S V, Chief Executive Officer, India and South Asia, Intellect Design Arena, said, �India`s financial services sector is entering a defining phase where AI must move beyond experimentation and become a structured enterprise capability. In regulated environments, intelligence must be governed, deterministic, and aligned to generating measurable business impact. Purple Fabric was built to operationalise AI at scale, enhancing decision velocity, strengthening risk and compliance frameworks, and delivering superior customer experiences. This mandate reflects a clear strategic intent by forward-looking financial institutions to move beyond experimentation and embed AI into the core of their business architecture. We are proud to partner in shaping that transformation.� Powered by Capital Market - Live News