Board Meeting Details

The Board of Directors meeting was held on August 13, 2026, commencing at 05:45 PM and concluding at 7:40 PM.

Key Approvals

1. Unaudited Financial Results: Approved the Un-Audited Consolidated and Standalone Financial Results of the Company for the quarter ended June 30, 2026.

2. Limited Review Report: Submitted Limited Review Report from Statutory Auditors M/s Gupta Raj & Co., Chartered Accountants for unaudited Standalone & Consolidated financial results for quarter ended June 30, 2026, pursuant to Regulation 33 of SEBI Regulations.

3. Dividend Recommendation: Recommended a final dividend of ₹0.10 per equity share of ₹10 each for the financial year ended March 31, 2026. The dividend will be paid within 30 days after shareholder approval in the ensuing Annual General Meeting (AGM). Record date and AGM date will be intimated in due course.

4. Subsidiary Acquisition: Approved Accedere Tech Private Limited, UAE, to become a wholly owned subsidiary of Accedere Limited.

Consolidated Financial Results (Quarter ended June 30, 2026)

  • Total Income: ₹102.37 lakhs (Q1 FY26: ₹75.58 lakhs)
  • Revenue from Operations: ₹101.31 lakhs (Q1 FY26: ₹75.58 lakhs)
  • Other Income: ₹1.06 lakhs (Q1 FY26: ₹0.00)
  • Total Expenses: ₹93.44 lakhs (Q1 FY26: ₹68.99 lakhs)
  • Employee benefits expense: ₹54.01 lakhs
  • Depreciation and amortization: ₹5.51 lakhs
  • Other Expense: ₹33.79 lakhs
  • Profit before tax: ₹8.93 lakhs (Q1 FY26: ₹6.59 lakhs)
  • Tax Expense: ₹2.25 lakhs (Current Tax)
  • Net Profit: ₹6.68 lakhs (Q1 FY26: ₹4.63 lakhs)
  • Other Comprehensive Income: ₹7.37 lakhs
  • Total Comprehensive Income: ₹14.05 lakhs
  • Minority Interest: ₹1.85 lakhs
  • Profit after Minority Interest: ₹12.21 lakhs
  • Earnings Per Share (Basic/Diluted): ₹0.11 (Q1 FY26: ₹0.10)
  • Paid-up Equity Share Capital: ₹457.09 lakhs (unchanged from previous periods)

Standalone Financial Results (Quarter ended June 30, 2026)

  • Total Income: ₹102.37 lakhs (Q1 FY26: ₹75.58 lakhs)
  • Revenue from Operations: ₹101.31 lakhs (Q1 FY26: ₹75.58 lakhs)
  • Other Income: ₹1.06 lakhs (Q1 FY26: ₹0.00)
  • Total Expenses: ₹89.68 lakhs (Q1 FY26: ₹67.81 lakhs)
  • Employee benefits expense: ₹50.98 lakhs
  • Depreciation and amortization: ₹4.78 lakhs
  • Other Expense: ₹33.79 lakhs
  • Profit before tax: ₹12.69 lakhs (Q1 FY26: ₹7.77 lakhs)
  • Tax Expense: ₹3.19 lakhs (Current Tax)
  • Net Profit: ₹9.50 lakhs (Q1 FY26: ₹5.81 lakhs)
  • Other Comprehensive Income: ₹7.37 lakhs
  • Total Comprehensive Income: ₹16.87 lakhs
  • Earnings Per Share (Basic/Diluted): ₹0.21 (Q1 FY26: ₹0.13)
  • Paid-up Equity Share Capital: ₹457.09 lakhs (unchanged from previous periods)

Subsidiary Information

The consolidated financial results include results of subsidiary Free Bird Aerospace Private Limited, which reported:

  • Total Revenues: ₹NIL for quarter ended June 30, 2026
  • Total Net Loss: ₹3.77 lakhs for quarter ended June 30, 2026
  • Total Comprehensive Income: ₹Nil for quarter ended June 30, 2026

The subsidiary's results were reviewed by other auditors and relied upon by the company's auditors.